The Power of Compounding

Compounding is a very powerful tool in Investing.

 

Compounding is the process of investing your profit and earnings in a stock again on that stock to even gain more.

Investing Tip: Don't believe Anyone

One of our biggest mistake is that we believe anyone in the matters of Finance and Investing. Don't believe anyone.

Just enquire and try to get as much as information you can and invest in the best stock you can find. Do not follow others. Don't be a sheep in the herd.

The Only 4 factors that can Move the Price of your Assets

The price of the asset matters the most to the owner of the asset whether it is a house or a other property.

The owner always has his eyes on the price, whether he is gaining profit or he is losing on his investment. These are the only thing owner wants to know.

You are your own Competition

In this world to succeed, you need to beat only one person that is yourself. Right, you are your only competition.

In this competing age, we compete on almost everything and with almost everybody. But we often forget our most powerful competitor, ourselves.

Keep Motivating Yourself, Before and During the Task

Motivation is very important if you want to achieve something in your life.

Motivation is a very powerful thing. It can make you achieve the things you haven't even dreamed of. It can make you achieve the impossible.

Business and its Processes (Value Creation, Marketing, Sales, Value Delivery & Finance) Explained

A successful business, roughly defined, provides something of value that other people want or need at a price they’re willing to pay, in a way that satisfies the customer’s needs and expectations so that the business brings in sufficient profit to make it worthwhile for the owners to continue operation.

Ways to protect your money from Inflation

The inflation is the rise in the cost of living. Inflation decreases the cost of your money.

Inflation just decreases your spending power. If the economy is inflating, you will be losing your purchasing power. Inflation slowly rots your money and people do not realize this. Inflation is life a parasite that eats you money.

Inflation and Deflation

In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services. 

On the other hand, deflation can be described as a decrease in the general price level of goods and services or currency appreciation with respect to the same goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate).

Think of what you don't know

Yeah right, Think of what you don't know. You should think of the short comings, not your achievements.

Yes, people tell you think of your achievements and it is right to think of them to for motivation. That is all they provide motivation which by the way is important.

Sick of losing money in your investment - Try This

Are you tired of losing money in stock market, try this technique to minimize the risk and increase the chances of you getting more return.

We are all afraid of the fluctuations in the market. The correct way to invest if your stock is fluctuating is to invest money when it is lowest and take money out when it is highest.

Getting Rich is Easy, Staying Rich is Difficult

People think that getting rich is the last step in there journey, but it ain't the last step. Its just the beginning. Its just a start.

People have the mentality that it is very difficult to get rich, but it is more difficult to stay rich than attaining wealth.

The Goals setting that will make you Rich

The goal setting is one of the most important thing. A person must know what he want to achieve, you must write it also. 

A person must know what he wants to achieve with his life, which is limitless.

Do not just Work, Acquire skills

"Work is so boring," I've heard it by so many persons that I can not even count

Yeah, I know it is not the most interesting time of your life, it is boring. So, please do not work because you have to, work to acquire skills.

Investing Tip: Always have some cash in your hand everytime

Many people who invest do not have any money left in there hand. They invest all there money thinking that they will get more returns if they invest more. I am just telling you might get better return, but if you fall, you will fall bad and will have no way to bounce back.

Myths of Share market

There are many thing in a stock market that people believe to be true. But they are not true.

Here are few among them:

Procrastination ~ The Habit you should avoid

We all procrastinate. We all postpone our actions. This post will tell you the disadvantages of Procrastinate.

Procrastination is the action of delaying or postponing something. We all in our life have postponed the things that we do not like or require a hard work to do. This is not the right habit because it hinders our productivty.

4 Qualities you need for your business

This post is not about the things you need for business that you know very well (Money, place etc). This post is about the qualities you need for your business.

The qualities you need to improve a business are as follows- work, effort, energy and persistence. These are the only four qualities you need for business.

Business - Just start one

Yes, open a small business, get out of that 9-5 boring and stupid job which you do not like anyways. Do something that you like.

Do something fun and of your liking. You will see that you will be more productive and more happy than you jobs. For me it was telling people of personal finance and help them that why I started this blog.

Why you should Earn Money?

Many people are in the dilemma whether they should earn money or not. This post will try to solve your dilemma and will tell you why you should earn money?

I will answer this question in just one word - Power.

Investing is fun..!!

This post is directed to all those people who think that investing is boring and its a lot of work. I want to tell all you guys that investing is not boring. Actually its very interesting.

Investing is not boring. Investing is the most interesting thing.

The Fault in Our Mutual Funds

Though the mutual funds are a safe bet as it is managed by the professionals and is well diversified. But everything that is good also has some faults in it.

Mutual Funds also has some faults which can be removed by selecting the right fund.

Risk Free investment - Mutual Fund

I am sure everyone among you have heard about this word, Mutual Fund. But do you know What it is?

Mutual Fund is An investment programme funded by shareholders that trades in diversified holdings and is professionally managed.

Choose your Friends Wisely

"Choose your friends wisely," this is the advice my teacher gave me in the fifth grade. I did not understood that until I became a teenager.

In the childhood we've heard something like friends are jewel. They might be. But what good are the friends who bring you down.

Find a Role Model and Copy them

A role model is a person whose behavior, example, or success is or can be emulated by others.

 

 

 

There a saying if you want to be like someone just follow them. So, if you want to be rich just follow rich man.

Mistakes People make in Stock Market

One of the ways for not making any mistake is know the mistakes of the people. This post is about the mistake people make in stock market.

The mistake people make in stock market can result in great loss of money.

No one can predict Market correctly

Yes, you can never predict whether the market will go up or not. You can only speculate the movement of the market.

Quality needed for getting Rich - Patience

Patience is a very important quality that you need to achieve your goals and targets, not just in investing, also in the other fields of life.

"Have Patience. All things are difficult before they become Easy."

A Simple Tip if you want to Get Rich ~ SAVE TAXES

"Save Taxes" these are the most important important words you will hear come out of an investor. Yes if you want to get rich, you must save Taxes.

 

A tax is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures

The Secret Formula to never Lose Money - DIVERSIFICATION

Yes, there is secret formula by which you can decrease the chances of losing money in your investment.

This Secret Formula is "DIVERSIFICATION."

Cost of Your Dreams

We all have a few very big dream that we want to fulfill like going around the world, buying an island, owning a Lamborghini or Jaguar and many more such kind of dreams. But we are not fulfill it because we do not have such money to fulfill it. This post will tell you the real cost of your money.

 

So, this post is about the big dreams and the amount of money you need to fulfill it.

The Money Required for being Financially Free

All of us desire to be Financially free, but very few among us now how much money they need to achieve that. I'm sure you haven't given it a proper thought. But it is the most important question you need to answer - 

HOW MUCH MONEY DO YOU NEED TO BE FINANCIALLY FREE?

 

Seriously, give it a guess that how much money do you need. 

How to Save more Money to Invest?

Many people have this problem. They do not where to get the money from if they want to invest. Many people have heard that invest more money but they do not know where to get the money from. If you are one of them, hang on tight. This post will give you tips to save more.

Acquire Assets, not Liablities.

Assets are any useful or valuable thing that helps in the getting some additional money for you. Assets are source of income and asset acquiring is one of the initial process if you want to be financially free or independent.

Liabilities in simple terms is a thing that you spend more on and earns you nothing.

 

Investing: Create a Plan

Create a simple plan for yourself which will guide you what to do in different situations and stick to the plan no matter what.

You need not to go in full detail you just have to create a plan for every possible situation. So that you do not loose. And remember stick to the plan you have no matter what. 

Tips For Not losing Money from your Investment

I know investment is hard work and less rewarding for some of you guys. But don't worry here are few tips that will help you to get more earnings from your investments and minimizing your losses.

Investment Assets OR The Things where You can Invest your Money

Investment assets are tangible or intangible items obtained for producing additional income or held for speculation in anticipation of a future increase in value. 

Investment assets include - mutual funds, stocks, bonds, real estate, insurance and retirement savings accounts.

What is Investing?

Investing is the act of committing money or capital to an endeavor (a business, project, real estate, etc.) with the expectation of obtaining an additional income or profit.

Investing is a way in which you can earn more money by simply putting your previously earned money in the company stocks, bonds, fixed deposits etc. I know, I know many of you have heard these terms but do not properly know what they stand for. So, I will be explaining these terms in the latter posts. Don't worry.

Financial Independence

Financial independence is generally used to describe the state of having sufficient personal wealth to live, without having to work actively for basic necessities. For financially independent people, their assets (a useful or valuable thing or person)  generate income that is greater than their expenses.

 

In other financial independence is state in which the person need not to anything because he has acquired enough money, property, assets that earn money for him.

Ultimate Advice For Getting Rich

READ, READ, READ, READ and then READ MORE...!!!

You must be thinking I've gone mad or something. But it is true. The ultimate advice for getting rich is to read whatever you can get. Read Everything you can find on the topic you are searching for. Read books, article, magazines, news papers, blogs (like this one), Financial Statements etc.

The Right Time for Getting Rich

People say that "It is not right time for us to get rich." Frankly speaking there is no right time for getting rich.

People think that they are too old or too young to start thinking about money. The young people think that they are too young and they will start when they are older, but as soon as they become older they think that they are too old for this kind of thing. In the end, they just end being poor and living a miserable life.

So read the next lines carefully:

The right time is right now.

I'll repeat my lines:

The right time is right now.

 The right time is when you think its right. So, Its better to think that its right now. This way you don't end procrastinating things and finally end up not doing things that you should.

Some people think that age matters but according to me age doesn't matter in the quest of getting rich. Age is just a number. 

Though it is right if you start early (say 20s) there is a lot of chance that you will become rich by your retirement. But it is not so that if you are in your 40s and 50s, you cannot get rich by your retirement. You can get rich. And I'm here to help you achieve that and that is the only thing I can do, "Help." The rest is up to you. You are the controller and manipulator of your life. All others can do is guide but you have to "do."

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Active and Passive Income Explained

Income is the money we receive or the money we get. There are two types of income- Active and Passive Income.

Active income is income for which services have been performed. This includes wages, tips, salaries, commissions and income from businesses in which there is material participation. Any money you get from the job comes under this category.

What is 'Passive Income'?

Earnings an individual derives from a ren​tal property, limited partnership or other enterprise in which he or she is not materially involved. In other words it is the income in which less participation of the the person is required. You could just set it once and forget it. It will keep earning money for you even when you sleep, rest or travel. E-books, Affiliate market, Blog, Investing etc. come under this category.

Passive income is a very good option as you do not need to work everyday. You just have to set it and forget. It will earn money for you. I am not saying that you do not need to work at all. You have to work very hard in the starting for you to set a system to earn money. But once you have set the system its very easy to earn money and live your life the way you want to.

Once you have set a system for passive income life is very comfortable, you need to go to the work only if you want to. You could just quit your 9 to 5 job (which you probably hate) without even worrying about the money.

Passive income is seriously worth having. I recommend you to have more than one way of passive income so even if one fails you need not to worry at all. But folks let me tell you this it requires a lot of hard work to set this up.

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Opportunity and How to find them?

The definition of Opportunity is a time or set of circumstances that makes it possible to do something. Opportunities are everywhere and in everything. You just have to look for the opportunity you will surely find one or more.

You can find opportunity to earn money in almost anything even in the garbage. The garbage can be collected and sold for recycling. You can earn substantial amount by selling garbage. I am not telling you guys to start collecting garbage. I am just giving example that money can be earned by anything. You just have to find a way by which you can earn money using that thing.

We people miss many opportunities. These opportunities are just invisible to us. Opportunities come and go, and we do not see them.

I will tell you a way in which you can find opportunities. You can find opportunity by thinking "How can earn money from this thing?" By asking this question you put your mind in thinking mode and you will be able to think clearly and find opportunities.

I will give you some more advice. You have to change your friendship. You should be friends with people who are good at finding opportunity.

And one more advice you should read. Read anything Books, Magazines, Articles, Newspapers etc. Just Read. Reading makes you aware of new opportunities and make you more receptive to change. Reading will make you more aware in finding opportunity.

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Mindset for Getting Rich

One of the most important thing a person needs to get rich is a Proper Mindset.

You need to believe that you can get rich. If you believe, there is no power in this world that can stop you from achieving anything you desire.

So a proper mindset is very important. There should be no doubt in your mind that you cannot do this. Many people think that "I cannot do this." Because of this type of thinking many people are not able to achieve what they want. These are negative thoughts and are very harmful. Get these negative thoughts out of your mind completely. This could lead to quitting without even starting.

Getting rich is easy, believing that you can get rich is difficult.

So you must asking "How to change your mindset?"

That is a difficult question because different think work for different people. Still I would like to give you some ideas.

Don't let negative thoughts come in your brain. If the negative thoughts come just think of a positive thought or any thing else. Writing down the negative thoughts on one side of paper and positive thoughts on the other side can help.

Affirmation is also a very good idea. Affirmation can really change your mindset. If you repeat something to your mind over and over again your mind starts to believe. So, just repeat "I am rich" and your mind will start to believe that.

Think about the things you want to achieve. Thinking about the Result can also help to remain on track and not to quit without achieving the things you desire.

Setting goals might also help. But these goals must be realistic.
Setting a role model might also help.

I don't know what will work for you. Just try and see what works for you.

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Why I Made this Blog..??

In India, many people are no interested in Money management. They think that money management is not important. But let me tell you it is the most important thing if you want to lead a happy fulfilling life.

Acquiring money is considered a sin. But let me tell you that it is not a sin.

Money is power. Money is one of the way through which we can turn our dreams into reality.

I am not telling you that make you rich instantaneously (though you can get rich instantaneously). I am telling you that I will tell you ways in which you can acquire money and manage that money.

You can ask any question relating to Personal Finance and I will try to answer it.

You can mail me at Godfather3112@gmail.com or you can just comment on any post.