5 RULES of INVESTING to Get RICH - (Richest Man in Babylon 2)
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- Опубликовано: 8 июл 2022
- How to get Rich? 5 Laws of Money & Investing - Richest Man in Babylon
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In today's video we talk about the 5 RULES of INVESTING to Get RICH - (Richest Man in Babylon 2) or the 5 laws of gold or the 5 rules of money, 5 rules of success or whatever you call it. The ultimate lesson you'll learn from this video is that you can get rich, achieve financial freedom (true independence) by savings and investing in the Indian stock market. These 5 golden law is taken from the best personal finance book of all time - The Richest Man in Babylon, so its a small book summary or a review of this personal finance and investing book.
1. Pay yourself first, that is, Save 10% of your Total Income:
“Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.”
According to the First Law of the 5 Laws of God, You should save 10% of what you make. Every person needs a certain amount of money for necessities and survival but apart from that if you earn more, you can even save more. The beginning of all great wealth is a consistent savings plan.
2. Invest your Savings to build more Money
“Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of field.”
The second law of the 5 Laws of Gold advises investing money to build more money. It doesn’t mean that you spend it on lavish purchases rather spend money to earn more money. Thus, you must use your savings to invest and build different income sources that constantly fill your cash reserves and helps them to grow. This will help in growing your money with power of compounding.
3. Read, Study, and seek qualified advice as Gold Loves a Cautious Owner
“Gold clingeth to the protection of the cautious owner who invests under the advice of men wise in its handling.”
The third law of the 5 Laws of Gold says that you should always seek advice from a person who is qualified to give you that advice. Most celebrities and athletes hand over their finances to financial advisors. It turns out to be the right decision in many cases but you should have some participation in the management of your finances otherwise you might land up in some trouble.
4. Study Investments and educate yourself before investing:
“Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.”
According to the fourth law of the 5 Laws of Gold, you must study and educate yourself well before investing. This law encompasses the two wealth killers namely Ego and Laziness except the third one, that is, Greed. Sometimes people are lazy due to which they don’t read, attend seminars or otherwise educate themselves and sometimes they are egotistical due to which they think that they are too smart to need any further education.
5. Don’t fall for Get-Rich-Quick Schemes:
“Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.”
The fifth law of the 5 Laws of Gold advises us to not be greedy and invest wisely. Few people offer such unrealistic investment returns that are way too good to be true. It works for some time but then when it all blows up, most of the people who invested their money in that collapse. There are many cases of people who do not have any knowledge and purpose for their hard-earned money, and due to that, it disappears.
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Make a video on"" incentive cost biased"". love from West Bengal 🇮🇳🕉️
Which debit card is right to invest and which one?
I will become financially 🆓🌞
angel broking upstock aur groww mein se kon sa best hai
@Vipin YouTech pppppppp
"Mere paise chin skte hai, ghar chin skte hai but meri knowledge nhi!" The most powerful ... Lesson😌
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Correct
Chhinegi nhi pr kho to jayegi
Knowlage से कल 1 किलो बताता खरीद लाना कोई नही देगा पैसा से ही मिलेगा
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*Day Trading*
90% NEW TRADER
90% CAPITAL LOSE
*90 DAYS*
*Ye mere sath bhi hua hai 😒 par meh haar nhi manuga*
*NEVER GIVE UP ❤️*
गुरू ब्रह्मा गुरू विष्णु, गुरु देवो महेश्वरा गुरु साक्षात परब्रह्म, तस्मै श्री गुरुवे नमः🙏🙏🙏
Trading is a skill at first u have to learn it after that u can earn definitely 🔥🔥🔥if u believe in yourself u can achieve 100% sure 🔥🔥🔥
Yes, I will become Financially Free in Next 10 years! Thanks to you!
i am trying hard and working smartly to become rich and i invest 80 % of my earings ..
as of now i am 29 years old and i have purchased my own house fron my money
Kesay???
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market
It's important to have patience in order to build wealth. In fact, patience might be one of the most important factors in investing. Sometimes we're the only ones stopping ourselves from moving forward b/c of our emotions. With a strong-willed mindset, anything is possible.
I have been thinking about how to grow my reserve by 100% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my target>
@@lawerencemiller9720 I have my funds very well diversified, though I did it using copy trading system from a US chartered financial analyst ''Eileen Ruth Sparks'' a CNBC contributor You might have seen her doing some stock analysis in the news sometime and it's been a huge relief. Her stock picks are top notch. You should probably try algorithmic trading; copy the gurus, more so one with experience of the past bear markets.
@simon fes Copy trading is 100% secured and very transparent to work with her. You don't give out fund here that's the ideal for this system. you have control over your funds. It stays right in your account. Your account will only mirrors her trades in real time. get in touch if you need help with this insane market.
The next couple of months ought to be great with crypto related investments and getting into a good passive income program is ideal
Crypto is the perfect hedge to solve worlds monetary problems learning how to earn passively and trading crypto changed everything for me
Sadly we all did incur some losses at some point but you will learn if you want to and grow your portfolio even better
How do I get to this
I got better through learning from a more experienced trader assistance my portfolio grew massively during those few months
Do you recommend I reach out and how can I reach out cus I really do want to grow my portfolio in this space and get actively involved with the system
Of course I must achieve financial freedom in future for this I am investing regularly from my 1st year of college.
Thank you so much sir for this knowledge 🙏❤️
Thank you for sharing such a valuable information 🙏
Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.
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Ek number bhai....maza hi aa gaya😊😊😊😊❤❤
Great videos brother ❤️❤️😇
Keep this content doing forever bro👍
Aap se bahut kuch seekha hai aap aise hi investing seekhte rhe thanks a lot ❤️
Thank you sir 🙏
You are my financial guru
ruclips.net/video/521zfKSJwuE/видео.html
Right bro there are so many channels on you tube who misguide but I am lucky because we find a genuine knowledgeable channel 🙏
Very nice inspirational work 👍🏻
Sir please make a video on how to analyse a company for investing with positive mindset and hold it forever. I also learn about investing and investing in stock in SIP
Thank you sir for your Best Investment Plan Strategy
Mind blowing presentation...❤️🔥🙏
Sir ditto happend to me 3 years back, now I am very happy, I lost almost all my savings 🙏💕. But the lesson was invaluable for life time
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Bhai mujha be help chaiye apky knowledge ke
Bhai mujhae bi btao....pls
Plz mujy b batao
Bhaiya Aap Kitna Simple se Samjate Ho Wash Sunke Maza Aajata Or Investing Me Interest Aajata Thanks Bhaiya Itna Acha samjane K liye ❤️💯
After so many videos and lectures finally this video gives me such inspiration and motivation that I used to feel in watching your starting initial lectures on investment ....❤❤❤❤❤❤✨✨❤❤
Aaj ka video kamaal tha . Lgta to h m kbi rich banunga pr aap k jitni knowledge nhi h
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Thanks sir ji for incredible knowledge
Sach mein yah video bahut Achcha tha thank u so Mach 💓✌️😄
Good motivational video... Thank you
With god grace i have learnt fast after leaving my job i had only 90k i started my small business woth this amount in 2018 now i am maintaining a auto garage and automobile shop worth 10 lakhs
Wow
Absolutely yes and with crypto and us stocks.
Love to see next video 😍
Really good video bro, thanks ☺️
Yes I will become Rich via Stock Market
My own Strategy is (Following Since 5 years)
1. Never sell Purchased Stock in Loss in any situation. Wait till Profits seens
2. Reduce cost price per share when dividends really recd
3. When in profit Never sell full quantity of stocks. Keep them for life time for next generation.
I know it is hard to explain but it's very much profitable for long term
Bhai kya aapko financial freedom mil gya hai mujhae kuch btaiyae????
@@samitkumar1880 Nahi bhai, but I am in the process...
thanks...God bless 🙌 🙏
Always learning something new
Thank you 😊
I am grateful that i found your channel before investing and starting my journey thankyou sir
Topic : "Divident tax on Gifted Stocks"
Hello Sir,I saw all of your Videos,
For investments your channel is one and Only Destination,
I don't watch any other channels rather than yours,,,Tnq so much for the Great Information...
It world be Great,If You make a video on this Topic : "Divident tax on Gifted Stocks".
Sir I am waiting for next video ❤️❤️Great Sir...
Getting money is an issue that everyone has needs in order to live a better and luxurious life. Life was difficult for me until i began trading,and I'm now earning a lot of money even with the current crash happening in the trading market. I still make gains using a better strategies....
How could you walk me through , im new to trading..How did u did it?
Every financial goal requires patience, dedication and consistent spirit knowing that trading is currently the most lucrative business in the world
@@marvlimann9275 Trading with an expert is the best strategies for newbies and busy investors who have little or no time to monitor trade.
I stumbled upon one of your clients TESTlMONIES SIR Gardner decided to try it out ...
Now im getting my third cashout in two days
Third winning all thanks to you.
Nice one buddy...!!!
सर। आपले व्हिडीओ खरचं खूप प्रेरणादायी असतात
Mst video bhai 😘
Thanku sooo much for valuable videos 👍
Very nice and motivated ❤️
SO NICE TO ADVICE AND TIPS .........KEEP GROWING
Love you Bhai great knowledge
As requested by other guy,I think you should make a series on fundamental analysis
Desperately waiting for it
Awesome ❤️
Definitely I will become multi billionaire I am working for restaurant and timely I will invest money in fundamentally strong companies and some part I will put for clearing my debt.simultaneaously I have to look after my family expenses as well
John c. Bogle philosophy ,which I love the most
Thankyou so much for this helpul video👍👍
Sir mai aapka bada fan hu aur follower bhi. Mai aapki ek bhi vedio miss nahi karta.
Thankyou so much sir ❤️
Good 👌🏻Information
this is excellent video for young investor !!
Entry late hogi par sabse great hogi❤💪
Best video 💓💓💓💓 thq thq great information
Thanks sir useful information
Very knowledgeable videos in this channel ♥️♥️
Send a dm📩👆
Totally agree, with you that investing in good stocks for long term is one of the best decision one could ever make.
But your views on swing trading nd positional trading looks a bit negative.
Yes, people looses money but we need to understand the reason nd logic behind their losses.
If any1 has a proper system, nd she/he follow the system in atleast 100-150 charts with proper 1 or 2 month back testing and 1:2 risk reward ratio, it is practically impossible to loose money in stock market.
And yes, in investing also people looses money.
Titan, reliance, maruti are brilliant example but there are many Co. Like yes bank, reliance capital in which people losses money.
Aapse hi Sikhake Maine regular funds se direct fund me maine transfer kiya
Aur index fund start kiya
Amazing 👏
Sir please make whole book summaries videos chapter by chapter like this part 1,2,3 etc
Apke videos bahut best hote hai keep it up
Wow 🙌thank u 🙏🏻
Sir very nice video
I purchased The Intelligent Investor book and I am so excited to read this book and start investing in stocks and others with my understanding and knowledge from this book.
Yes please next part jaldi se banao Bhai 👍👍
crorepati to jarur banenge mujhe koi bhi business ka knowledge nahin fir bhi main sensex 20 mein parman 20000 karke invest kar karke 15 sal ke andar mein ek karod pahunch jaenge thank u aapka video mujhe bahut jyada Moti mat karta hai
Power of compounding
Great yar ❤️🌹
Hey bro…awesome one🙂 have been your follower for long now..and have developed a habit to learn everyday about stock investing. This really couldn’t be possible without watching your videos… can you pls make a video on how to ged rid of debt early without stopping your investments.
Keep sharing videos♥️ god bless you🙂
ruclips.net/video/521zfKSJwuE/видео.html
Yes, I will be rich,
I am doing good business in Europe now its not good but I know.. I will buy AudiA4 by the end of this year.
Super Video and Naya Sikh ne mila
Big Thank you bhai...........👍👍
बहुत अच्छा लगा
Sir apke bahut saare videos hain ek best playlist nahi hain jo ki fundamental analysis ko complete sikha sake..
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
That’s crazy, I’m just doing everything wrong with my portfolio.
Really awesome👍 Gid bless you for sharing such content to everyone
Very nice message 👌
Very good lesson dear sir ✅
Kya video ha bahi legend ho app jisne ye video banyi ha 🙏🙏 god bless you bother
Bhut successful insan banhoge
Rocky bhai iha bhi pouch gya !!
Bhai ki bate sunkr acha lagta h lekin actually jitni bhi videos m jo bhi bate hai un pr amal krna mushkil h
Thank you 🙏
Awesome sir 🥰🕉️
Zabar dast video tha maind को saf कर gaya god belas you boss love your work
Excellent story
Video #80 thanks sir इतनी मेहनत करके फ्री में ज्ञान बांटने के लिए ❤13/05/2024
Did you make this animation yourself?...your videos are awesome man..
Very nice story 🙏
I will definitely ❤️
Sir mostly good company have high intrinsic value. Should we invest in companies with high intrinsic value?
It is the best script for stock market movie.... 👍👍👍
Very nice And Valuable information
Thank You
Good very useful information thank you dost
Happy Gurupournima Sir🙏
Your explain is good 😊 you doing 👍 great
Very nice