Investment Tips: If you want to become rich, just follow these five formulas..
In today's time, you can buy anything with money. Money is a very important thing to keep pace with this world. Anyway, an important formula for a happy and prosperous life is to become rich. But, do you think that there is a formula to become rich (investment formulas)? The answer is yes. You just have to follow some simple measures and show a little discipline and you will easily become rich (how to become rich).
Who is the enemy of wealth?
If you want to become rich, then first you should know what are those things that prevent you from becoming rich before becoming rich. The biggest obstacle in the path of wealth is inflation. Every expense from vegetables and children's fees to treatment is constantly becoming expensive and if your income does not increase accordingly, then you will remain poor (how one can become a rich person).
-Invest in this way
If you are an investor, then you should avoid getting emotional while investing (emotional investment). For example, by 2022, the craze of cryptocurrency was at its peak in India. Especially, the youth were crazy about it. They invested lakhs of rupees in it, but by the end of the year, they were in huge losses.
This teaches you that you should invest only in those things which have been approved by the government. If you do not know the details of any sector, then you should avoid investing in them (investment tips in Hindi). Invest according to your financial goals and risk-taking ability.
-Keep faith in investment
You are well aware of the fact that the stock market (Indian share market) had fallen drastically during the Corona period. Nifty had gone below 8 thousand. But, the market bounced strongly from there. At present, both Sensex and Nifty are almost at their all-time high. This series of ups and downs in the equity market is old.
This teaches you that you should not panic if the stock market falls. If the stock market falls for any reason, it rises again. You should maintain your investment, only then you can earn huge returns and become rich.
-First of all, it is important to know the importance of inflation
We have seen many people who, in the pursuit of safe investment, invest in such schemes, whose returns are not able to beat the inflation rate. In such a situation, it is very important to know the importance of inflation before investing.
Now, like you are making FD i.e. fixed deposit. The return on this is 6 percent annually, while inflation is increasing at the rate of 7 percent every year, then the value of your investment decreases. This means that your principal is being lost.
-Understand and know the importance of emergency funds well
The interference of Artificial Intelligence or AI and other technologies is increasing all over the world. This has increased layoffs and the murmur of recession has intensified. You should be prepared to deal with such situations. It was also seen during the coronavirus epidemic, most people were not ready to face it.
You should keep an emergency fund for such difficult situations. This will not require you to compromise with long-term investments. At least one year's worth of money should be kept in the emergency fund.
-Investment is not the only mantra for wealth If you are dreaming of becoming rich by just investing or saving money, you may be disappointed. An estimate shows that more than five crore people in India become poor every year and the reason for this is the sudden increase in expenditure on treatment.
If a family member suddenly becomes seriously ill, then all your earnings and savings can be spent on his treatment. In such a situation, you should get life insurance and health insurance for every member of the family.
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