To those who disappointed about starting early...remember the saying, "The best time to plant a tree was 10 years ago, the second best time is right now." Congratulations on your financial success journey, I am proud of you. πππ
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270K portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Whatever he says , don't compare your journey. Slowly we will reach a certain level, just don't rush. Save, spend, live life.
In my opinion, 1. Focus on increasing your income by improving your skillsets 2. Start investing early if not started 3. Diversify your portfolio (MF/equity, Gold, Real estate, FD/Bonds(emergency funds)) 4. Stop impulsive and unnecessary purchases like Iphone, SUVs 5. Finally, enjoy your life by travelling, have good food, explore etc.
secret to higher SIP and wealth is to Increase your Income.
The ideal way to go for creating material wealth is extremely simple. 1. Differentiate between your wants and needs. 2. Never borrow to fulfill your wants. 3. If required, only borrow for needs (that too only emergencies) 4. Save to buy what you want (iPhone, vacation, expensive bike etc.), no matter how long it takes to save. 5. Keep your investment fundamentals simple and keep increasing them in a slow but steady fashion. No amount of money will ever be enough for your desires. Think of it only as security. Give time to your family and yourself.
Gajendra kothari is the new star in MF's in coming times how stock market speak of Jhunjhunwala, Vijay kedia, Radhakishan Damani in the MF industry everyone will speak of Gajendra kothari in the next 6 yrs once he hit 100 crores such a humble and intelligent man he is and one good thing he is investing in his children right from the day they are born that is one right investment every one can follow for their children and also he is educating his kids to invest from such a tender age they will atleast become financially literate person by 25 yrs of age.
While all these numbers and figures are astounding and the concept of Compounding is 100% correct when you give time to your investments, the underlying fact is that you need a "good" source of income at 'present' to ensure that you can have big SIPs and then let time do the magic. "Sources of Income" needs to be main game that needs to be played.
One of the most real, honest interview in recent times . This man so genuine and authentic. Amazing ..
One of the most important and knowledgeable podcast every 18 year has to watch . β€
Bull run ka kamal hai. I remember many Financial youtubers who used to criticize FD like anything when the market went down for several months. Their tone changed, and they started saying FD v karni chahiye aur profit book v kerna chahiye investments m. Rest a very encouraging video.
I'm saying this, this man is getting popularity and his thoughts of not buying home too, soon housing prices are either going down or sluggish in 3-4 years
Bruvv!!! This man! Clear as the polar ice! One of the best financial Podcast I ever heard. Thanks for the GYAN!
patience is the hardwork, Compounding is the reward
@32:11 it's golden advice... "don't take big financial decisions until you get financial maturity"
Vety true.. don't trap into EMI stress, investment into compounding.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying itβs ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
What sets Mr Michael Hugh Terpin apart, however, is not merely his expertise, but his unwavering commitment to integrity and transparency. In an industry rife with volatility and uncertainty, Mr. Terpin's steadfast adherence to ethical principles serves as a beacon of trust and reliability. His track record of fostering trust-based relationships with clients and stakeholders is a testament to his unwavering dedication to ethical business practices.
Balance is the key . Invest in SIP ,but also invest in courses for skills ,travel , special experience with loved ones ,good food ,good car and other things that you love. Because having bmw at 30 years is much better than having rolls Royce at 60 years age .
@RebeccaStallion