Which asset will makes you a millionaire

                                                             Disclaimer

I’m not the financial advisor here I just share my piece of knowledge so before takes any decisions improve your knowledge and take decisions by using your intelligence.

 Which asset will make you a millionaire 


Which asset will make you a millionaire why did I choose this content because this is one of the major doubt of most of them, so I thought I have to share some piece of knowledge about it. An asset is like a money-making machine because when you Keep a asset in your portfolio, you can make a passive income source from it, so asset making is a major important thing in your financial  life. If you want to make more asset classes in your investment portfolio? Then you must have proper knowledge about assets and liability then only you can identify which is an asset or liability. From an investor perspective, you have to know the nature of different asset classes, then only you can decide on investing in different asset classes. Proper financial knowledge is the key to success in financial life, so try to improve your financial knowledge from the books, and also through the different sources. Peoples are busy with their work, so most of them are forget to educate their self, this is one of the major causes of lack of financial knowledge. Make money is easy but managing is the toughest thing because emotion plays a major role in there, so you have to be more conscious in your spending, so if you are an employee or you are a businessman? Then you must require proper money management skills, then only you can make more asset classes in your life. All young persons have a dream-like “I want to enjoy my life, I want to travel to different beautiful places, etc. Most of them are enjoying their life and also they are posting that moment on their social media. What do you think, if you want to enjoy your life, or not? 90% of the people can say yes because we are human beings, we all  emotions are same, but here you have to keep in your mind one thing that is, financial freedom when you achieve this financial freedom in your life? then only you can satisfy your goal or dream, but most of them do not try to achieve their dream. When do you set a goal and work for that? then only you can achieve that dream otherwise you can’t become rich or achieve financial freedom in your life. 

 

 

Which asset will makes you a millionaire 


Which asset will make you a billionaire or millionaire ? I can say many asset classes to become rich but that asset classes have to apt for you here I’m going to share with you some asset classes for you but this is not enough after that you have to decide which is a better asset class, which is apt for you.

Equities - Investing in stocks is also one of the assets, but before going to invest your money into stocks you must consider your age and also a family background and also other factors because it is not gambling, so here you have to improve your knowledge well, then only you can make some good returns from it. 

 

Gold – Gold Is also one of the best asset class, because you can easily change into cash, and also gold you can consider as a safer investment.

Real estate – real estate is a good investment for the long term like equities, so you can invest in real estate also. 

 

Mutual fund – mutual fund Is also one of the investing tools, for discipline investing, but before that, you have to improve your financial knowledge well, then only you can choose the best investment plan in mutual funds. 

 

How the people can rich from the stock 


How people can rich from stocks? This is also one of the major doubts of most of them if you want to become rich? The stock market is not the only way, because stock market investing is also one of the asset classes when you diversify your investment portfolio? Then only you can make more returns, once again I have to tell you, "only one asset class will not make you a millionaire", so try to improve your knowledge about the market then do the fundamental analysis pick the stock and invest when you do this properly? Then you can make more returns from it. 

 

Can a poor person can become wealthy by investing in stock market 




Can a poor person become wealthy by investing? yes anyone can invest in any asset class and also can become wealthy, but the person has to improve his market knowledge and also money management skills, first of all, he has to invest his time to upgrade his knowledge, then only he can make any decisions in the market. investing is not a simple thing before that you must consider family background also because if the person makes any losses? He has to manage that risk, so before going to invest in any asset class that can be rich, middle class, or lower middle class, you must require proper financial knowledge? When do you improve your financial knowledge? Then only you can decide anything about investing. 

 

What are the ways to become financial freedom? 


Make a passive income source – You have to make a passive income source then only you can maximize your wealth, so don’t be satisfied with your current salary or current income source, when you are unsatisfied with your income? then only you can make more income sources. 

Financial planning – Financial planning is the most important thing to become financial freedom in your life, so try to plan your financial life. 

Invest time and gather knowledge – Invest your time and gather knowledge, because time is one of the valuable assets so try to use your time to consume knowledge. 

Invest and reinvest – Invest and reinvest when you make a return from your existing investment source? Then try to reinvest a certain percentage from there. 

Don’t be lazy- Don’t be lazy always when you be lazy you can’t learn and earn, so try to be active and curious then only you can learn more lessons from your investment or business. 

Try to change mindset – Try to change your consumer mindset to an investor or business mindset, then only you can understand the tricks of finance and business to make a profit. 

Make a plan and implement – First make a plan for investing or make passive income then take further actions, try to upgrade your knowledge, implement your plan and makes a profit. 


this knowledge i gather from 

The One-Page Financial Plan book by Carl Richards


FREE! FREE! FREE!



Get a course on FINANCIAL MODELING MADE EASY worth Rs. 999 absolutely FREE!


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TOPICS COVERED

1) Understanding Financial Modeling

2) Detailed understanding and application of Financial statement analysis

3) How to build a Financial model?

4) Basic Case Study-Building Financial Model

5) How to carry out financial statement analysis?

6) Various methods of Valuation


Language: English

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