5 RULES of INVESTING to Get RICH - (Richest Man in Babylon 2)
How to get Rich? 5 Laws of Money & Investing - Richest Man in Babylon
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This is a beginners guide to invest in shares (stock market) in India.
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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.
Пікірлер: 814
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@Noname-oq9mk
Жыл бұрын
Make a video on"" incentive cost biased"". love from West Bengal 🇮🇳🕉️
@user-wow
Жыл бұрын
Which debit card is right to invest and which one?
@jacobmoncy6752
Жыл бұрын
I will become financially 🆓🌞
@babayoga8229
Жыл бұрын
angel broking upstock aur groww mein se kon sa best hai
@anamjebajebaanam1234
Жыл бұрын
@Vipin YouTech pppppppp
"Mere paise chin skte hai, ghar chin skte hai but meri knowledge nhi!" The most powerful ... Lesson😌
@growthoriented3554
Жыл бұрын
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@friendversion
Жыл бұрын
Correct
@pacifickassissnkazims6824
Жыл бұрын
Chhinegi nhi pr kho to jayegi
@pinakinjariwala3863
Жыл бұрын
Knowlage से कल 1 किलो बताता खरीद लाना कोई नही देगा पैसा से ही मिलेगा
@nature7119
Жыл бұрын
kzread.info/dash/bejne/mXiC0M9mj7aWqpc.html
*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
@sairaqasim8917
Ай бұрын
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.
@claraclouse9086
Жыл бұрын
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
@bobbymainz1160
Жыл бұрын
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.
@lawerencemiller9720
Жыл бұрын
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>
@joesphcu8975
Жыл бұрын
@@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.
@joesphcu8975
Жыл бұрын
@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.
Right bro there are so many channels on you tube who misguide but I am lucky because we find a genuine knowledgeable channel 🙏
Of course I must achieve financial freedom in future for this I am investing regularly from my 1st year of college.
Thank you for sharing such a valuable information 🙏
Thank you so much sir for this knowledge 🙏❤️
Amazing video bro.👍 I really like your videos on financial awareness And financial freedom..
Thank you sir 🙏 You are my financial guru
@growthoriented3554
Жыл бұрын
kzread.info/dash/bejne/Z2Zl3MiEg63dpag.html
The next couple of months ought to be great with crypto related investments and getting into a good passive income program is ideal
@cutesparkle3228
Жыл бұрын
Crypto is the perfect hedge to solve worlds monetary problems learning how to earn passively and trading crypto changed everything for me
@peterthomas..
Жыл бұрын
Sadly we all did incur some losses at some point but you will learn if you want to and grow your portfolio even better
@elvisjames8351
Жыл бұрын
How do I get to this
@jennyclara4159
Жыл бұрын
I got better through learning from a more experienced trader assistance my portfolio grew massively during those few months
@samtrevor3449
Жыл бұрын
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
Thank you 😊
Nice
Mind blowing presentation...❤️🔥🙏
Ek number bhai....maza hi aa gaya😊😊😊😊❤❤
Very nice inspirational work 👍🏻
Thank you sir for your Best Investment Plan Strategy
Good motivational video... Thank you
Always learning something new
Great videos brother ❤️❤️😇 Keep this content doing forever bro👍
thanks...God bless 🙌 🙏
Absolutely yes and with crypto and us stocks.
Thanks sir ji for incredible knowledge
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 ....❤❤❤❤❤❤✨✨❤❤
@dilshadansari-rh1uz
Жыл бұрын
Aaj ka video kamaal tha . Lgta to h m kbi rich banunga pr aap k jitni knowledge nhi h
@growthoriented3554
Жыл бұрын
kzread.info/dash/bejne/Z2Zl3MiEg63dpag.html
Really good video bro, thanks ☺️
Thankyou so much for this helpul video👍👍
Very nice and motivated ❤️
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
Sach mein yah video bahut Achcha tha thank u so Mach 💓✌️😄
this is excellent video for young investor !!
SO NICE TO ADVICE AND TIPS .........KEEP GROWING
Love you Bhai great knowledge
Best video 💓💓💓💓 thq thq great 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.
@alanfuller7176
Жыл бұрын
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.
@nature7119
Жыл бұрын
kzread.info/dash/bejne/mXiC0M9mj7aWqpc.html
Sir I am waiting for next video ❤️❤️Great Sir...
John c. Bogle philosophy ,which I love the most
Love to see next video 😍
Thanks sir useful information
Aap se bahut kuch seekha hai aap aise hi investing seekhte rhe thanks a lot ❤️
Happy Gurupournima Sir🙏
Very good lesson dear sir ✅
I am grateful that i found your channel before investing and starting my journey thankyou sir
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
@growthoriented3554
Жыл бұрын
kzread.info/dash/bejne/Z2Zl3MiEg63dpag.html
@luckylife16
Жыл бұрын
Bhai mujha be help chaiye apky knowledge ke
@samitkumar1880
11 ай бұрын
Bhai mujhae bi btao....pls
@sairaqasim8917
Ай бұрын
Plz mujy b batao
Power of compounding
Very nice message 👌
Rocky bhai iha bhi pouch gya !!
Yes please next part jaldi se banao Bhai 👍👍
Very knowledgeable videos in this channel ♥️♥️
@user-xs3dj6xy5p
Жыл бұрын
Send a dm📩👆
Wow 🙌thank u 🙏🏻
ITS JUST MINDBLOWING
Super Video and Naya Sikh ne mila
Bhaiya Aap Kitna Simple se Samjate Ho Wash Sunke Maza Aajata Or Investing Me Interest Aajata Thanks Bhaiya Itna Acha samjane K liye ❤️💯
Nice one buddy...!!!
Aaj ka vedio bahut valuvable tha..
Happy Guru purnima sir 🎉
Thankyou so much sir ❤️
Apke videos bahut best hote hai keep it up
Sir please make whole book summaries videos chapter by chapter like this part 1,2,3 etc
बहुत अच्छा लगा
सर। आपले व्हिडीओ खरचं खूप प्रेरणादायी असतात
Good very useful information thank you dost
Excellent story
Veri nice sar aap bahut achcha sikhate Ho 👍
Amazing 👏
Sir mai aapka bada fan hu aur follower bhi. Mai aapki ek bhi vedio miss nahi karta.
Your explain is good 😊 you doing 👍 great
As requested by other guy,I think you should make a series on fundamental analysis Desperately waiting for it
Good 👌🏻Information
Really awesome👍 Gid bless you for sharing such content to everyone
Gread work
Zabar dast video tha maind को saf कर gaya god belas you boss love your work
Bhai ki bate sunkr acha lagta h lekin actually jitni bhi videos m jo bhi bate hai un pr amal krna mushkil h
Excellent 👌
Thank you 🙏
Good informative video bro
Thanku sooo much for valuable videos 👍
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
Awesome ❤️
To invest the compounding method
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.
It is the best script for stock market movie.... 👍👍👍
Nice working knowledge video 😢
Nice information 👍👍👍👍
Asian Paint - Paint sector Astral - Pipe sector Bajaj Finance - NBFC Sector Dmart - Retail Sector Havells - Fmeg Sector Hdfc Bank - Banking Sector Infosys - IT Cloud Service Persistent System - IT for AI service Polycab - Wires and Cables Sector Pidilite - Adhesive Chemical Relaxo - Footwear Sector Tata Consumer - Fmcg Sector Titan - Jwellery luxury Sector Sir! I m holding these stocks in my portfolio for long term... If there is anything mistake plz suggest me.
@theonlyone_09
Жыл бұрын
Actually bro , if it's long term i would rate it 6.5/10 . U may think much better an unique cause all these r common
@yourbigfan8744
Жыл бұрын
Thankyou bro
@bharatsocool
Жыл бұрын
@@theonlyone_09 bhai 100% money ka risk nahi lena chahiye ha 70% paisa safe jagh daal do baki 30% paise se chahe to kuch alg karo risk lo
@bharatsocool
Жыл бұрын
Bhai ekdum mast hai sab stocks same mere paas bhi yehi he
@shivabatham9714
Жыл бұрын
U should invest in midcap and smallcap stocks also according to your risk. Even if its very low risk you should have 70% large cap, 20% midcap, 10% small cap companies.
Kaya day trading and future trading RBI ko bondh kar dena chahiye
Very nice story 🙏
Did you make this animation yourself?...your videos are awesome man..
Sir kya Acche Etfs main invest karna sahi hai our kitne time tak pl reply kyonki mujhe bhi bahot loss huva hai main new tha tab 2015 se ab tak
Kya video ha bahi legend ho app jisne ye video banyi ha 🙏🙏 god bless you bother Bhut successful insan banhoge
Mst video bhai 😘
Richest man in Babylon book is time less lesson on wealth building and my favourite book i highly recommended this book to you guys.
Love from Mp❤
Please make a video on small investment like 1000 -2000 rupees per month it will be helpful
@mkzone7571
Ай бұрын
Sip
Thank You
Yes I can do it 👍 with investment 🌹🙏
Smart guidance