What is the best way to become rich in India at the age of 21?
Trading in the olden days was all about buying and selling of goods which could be done by even a common man but trading has moved way beyond just goods and taken the space in the stock market.The trading in stock market started with Paper Trading and then slowly moved to the online version.Prerequisites for making a living by investing and trading in Stocks· Patience is the key· Practice can make you perfect trader· Have enough money in hand as making profits takes time.· Understand the market thoroughly before trading it or investing big.· Learn to operate the DMAT account and trading software application.· Develop a long term and wide mindset to achieve success in stock market.Challenges while making a living by investing and trading in Stocks· Over enthusiasm to book profits during market volatility· Taking biased or influenced decisions about trading in stocks· Lack of understanding about market correction or crash· Not being able to give enough time to revise the portfolio· Fear of losses while making investments· Greed not allowing to book the profit at right timeWays to play safe while making a living by investing and trading in Stocks· Keep a tab of the market movements through the day· Understanding of other markets and environment influencing the markets· First 3 to 6 months is all about experimenting and learning the market and stocks· Have a diverse portfolio of stocks from different sectors· Build your portfolio using expert advice from your trainer and mentor· Don’t give up if faced with small losses. Treat small losses as part of operational cost in this business.Managing your own investment portfolio can be a very exciting experience. But, sometimes it may be stressful activity specially when market is not in your favor. When you are learning trading and investing, taking advice from a trainer and mentor can help you while you develop your investing and trading skills.We offer a wide range of Financial Services in Capital Market including training, guidance and mentoring which you can take advantage of our expertise. To understand more on the services you can mail us or call us and we would be glad to help.For more information visit www.prajinvestments.com or write to us at guidance@prajinvestments.com.
What are the ways to become a rich at the age of 18?
Good question!You can do anything and everything in this world. Please note, any person gets money only from other people when he/she solves their problem. Apart from this, there is no other way to generate cash.If you solve a few problems, you will get little money.If you solve some problems, you will get some money.If you solve a lot of problems, you will get a lot of money!Hence, pick any job/business which suits your personality or which you love to do and just hustle! (nothing but try to solve more problems for hell lot of people)Money, fame, other business opportunities are just the side effects if you take this route!
How can I become rich at the age of 19?
O.K, What timeline are we dealing with? Are you 19 next week, next year?Have to know the answer to that one , and also another question, what is your definition of Rich?I will assume (dangerous ground here), that you will be 19 in one year from now.I will also assume (there I go again!) , that your RICH will be a continuous and passive income of say $10,000 per month or about $120,000 per year.The main problem here is with the question HOW, this is where most businesses fail in their first year of operation, they are asking how how how, this assumes (and also tells their subconscious) that they don’t know HOW, so your subconscious will gladly accommodate your thinking with more ‘I Dont Know How ‘ thinking.As they say in the classics ‘be careful what you wish for’ because you will get it.Let’s re-frame the question ( MAY I?)So the question you REALLY meant to ask was this one:WHY am I EARNING an Income of $10,000 per month?The reason to reframe the question is this, this is NOT an Affirmation, an affirmation (and most of us have used them) is something like …‘I am earning $10,000 per month’ rinse and repeat, rinse and repeat,all well and good, but we KNOW that we are NOT earning $10,000 per month and THAT is the REASON why AFFIRMATIONS DON’T WORK THAT WELL…Enter the psychology behind our new question, the credit for this goes to a man called Noah St John who coined the phrase AFFORMATIONS, search for him on google.When we ask the question, we are virtually asking our subconscious mind WHY are we earning $10,000 per month?, and of course our subconscious mind will go to work and find the ways that will make it happen.There are hundreds of different ways that we can make it happen , we just need to ask the right questions to ourselves.We must have a BIG WHY and the How will take care of itself.
What are the best ways of becoming rich at young age?
You follow these stepsI said these points before and I shall be telling it again.Step 1: Invest early and often to become richThe single most crucial thing you can do to ensure your financial future is investing — and the sooner you start, the easier it is to get rich.Say you’re 25 years old and you decide to invest $500/month in a low-cost, diversified index fund. If you do that until you’re 60, how much money do you think you’d have?Take a look:$1,116,612.89That’s right. You’d be a millionaire after only investing a few thousand dollars per year.Notice, I’m not talking about the Hollywood type of investing where hot-shot stockbrokers make huge multi-million dollar trades while yelling “SELL” into a phone for some reason.Pictured: Some dude trading stocks and losing money. Not pictured: You investing in low-cost index funds and getting on with your life.Step 2: Practice conscious spending like a rich personSetting up the system might seem hard — but in the end, it’s all about:Automating your finances.Knowing where your money goes so you’re in complete control of the situation.Automating your finances allows your system to work for you and passively do the right thing instead of you constantly wondering if you have enough money to spend. Or, getting your credit card bill each month, shrugging, and saying to yourself, “Yeah, I guess I spent that much.”And it’s simple: at the beginning of the month, when you receive your paycheck, the money is immediately sent to where it needs to go through automatic systems that you have set up already.Step 3: Start your own businessThis is my all-time favorite answer to the question “how to become rich”Side HustleThis is one of the fastest ways to get started in business. By utilizing the skills and talents at your disposal, you can start freelancing and generating a steady source of income on the side.And the best part: you don’t even have to quit the job you already have.Online BusinessWith an online business, you can reach millions of people on the internet every day while scaling your product to help you earn millions online.Don’t believe me? Check out just a few different ways you can make $1 million online.250,000 people spending $4100,000 spending $1050,000 people spending $2010,000 people spending $1001,000 people spending $1,000My name is Bryan Lawrence, I write about Business, Stocks and all things money so if you follow me and my blog The Commerce LifeStyle then your time wont be wasted :)
How can a teen become rich?
Wealth takes time. Alway pay yourself first. When you work especially now that you have less responsibilities if any . Save as much as you can. Open a money market account as soon as your able and keep 10% or 15% for yourself and save the rest. The interest in this type of account will earn more interest that a typical savings. This may seem like a little. But if you don't have money you can afford to loose don't take chances . Only seek out high risk ventures with money you can afford to loose. Make a account just for that. The money market is not to be touched for about five years an then put it in a higher yielding account. You will be a millionaire if you stick to that plan.Not now,Later. Much later.But I promise you will become a millionaire. As your responsibilities increase apartment , car,food education.You may only be able to give that account 10% of your income. But never touch it . You are planning for your future. Open savings and checking for living purposes . But never touch your life account. You will be able to live off of the interest later on in life and never work again! Trust me when I tell you that many many people over 40 wish someone told them that. I don't care if you work for mc donalds save your money. You will be better off than most later on. Do what ever you want in life :but always do this . Pay your self first forever and you will secure your future you will be a millionaire but not overnight. Just calulate your saving for twenty years., fifty years. I know it seems long but it will come. Just look at people you know in those different age brackets and see how there doing financially. People make $100,000 and don't save and end up broke .A man gave millions to colleges in his will and was a maintence man all his life. What is money to you? Now if you want to make some good decision I want you to now and for the rest of your life view money as a tool! You take control starting now. I don't care if its a dollar a day. You are the boss! Tell your future children.
How can I become rich and successful at the age of 30?
How can I become rich and successful at the age of 30?First of all, success has got nothing to do with age. Meaning, you can become rich and successful at any time in your life if only you know the secrets.I’m still in my early 20s and I hope you will be willing to follow the principles which I’m going to outline here. By saying ‘secrets’ I meant ‘principles’ or you can call them rules. Now let’s begin the journey.To become successful you need to have a vision inside your mind. Define and analyse what you need in life until it becomes clear to you. Forget about your age and focus more on your dreams.Plan is essential. During planning you have to question your decision and all the alternatives. It take guts to make a final decision and you have to be ready at this stage.You have to start winning through your actions and not through the arguments. Meaning, you have to put more effort in doing what you need and let your outcomes talk for you. Learn how not to be easy on yourself.Get out of that comfort-zone and start thinking outside of the box. Challenge yourself by doing things which you thought were impossible. Having a vision is what will keep you motivated day and night. Remember: You are not too old or too young to do anything. The choice is yours NOW!Good Luck!!
How can a teen become rich? 30 points!?
30 points? LOL You can't lie, that's for sure. or maybe you can. Heck. A teen can become rich by providing a service for people who have a need OR by making something people want. Figure out what these are and you will be the next millionnaire. I'm working on it, too.