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Top 3 ways to invest in Stock Marketstock market

Top 3 ways to invest in Stock Market

Published by shubhamsxn on April 23, 2023

Here are the top 3 ways to invest in the stock market in detail for a beginner:

  1. Invest in ETFs: Exchange-Traded Funds (ETFs) are a great way to invest in the stock market for beginners. An ETF is a type of investment fund that tracks the performance of an index, such as the S&P 500 or the NASDAQ. When you invest in an ETF, you’re buying a small piece of the underlying stocks that make up the index it tracks.

ETFs are easy to buy and sell, and they offer diversification across a range of stocks. This means you’re not putting all your eggs in one basket, which can help to reduce your risk. ETFs are also relatively inexpensive, with fees that are typically lower than those of mutual funds.

To get started with investing in ETFs, you’ll need to open a brokerage account with a reputable online broker, such as Fidelity or Vanguard. Once you’ve opened your account, you can search for ETFs that match your investment goals and risk tolerance. Many online brokers offer tools and resources to help you find the right ETFs for your portfolio.

  1. Invest in Individual Stocks: Another way to invest in the stock market for beginners is to buy individual stocks. This involves researching and selecting specific companies that you believe will perform well in the future. When you buy a stock, you’re buying a share of ownership in the company.

Investing in individual stocks can be more risky than investing in ETFs, as you’re relying on the performance of a single company. However, it can also be more rewarding, as you have the potential to earn higher returns if the company performs well.

To get started with investing in individual stocks, you’ll need to open a brokerage account and research companies that match your investment goals and risk tolerance. It’s important to do your due diligence and analyze the company’s financials, management team, and competitive landscape before investing.

  1. Invest in Mutual Funds: Mutual funds are a type of investment fund that pool money from multiple investors to purchase a diversified portfolio of stocks. This means you’re investing in a basket of stocks rather than a single company. Mutual funds are a good option for beginners who want to invest in the stock market but don’t have the time or expertise to pick individual stocks.

When you invest in a mutual fund, you’re buying shares in the fund, which is managed by a professional fund manager. The fund manager selects the stocks that make up the portfolio and makes decisions about when to buy and sell them.

To get started with investing in mutual funds, you’ll need to open a brokerage account and research mutual funds that match your investment goals and risk tolerance. It’s important to consider the fees associated with mutual funds, as they can be higher than those of ETFs. Look for mutual funds with low expense ratios, which are the fees charged by the fund to cover its operating expenses.

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Bestseller book "Money Mindset and Math" by Shubham Saxena

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Top 10 Habits to Build Long Term WealthwalthHabits

Top 10 Habits to Build Long Term Wealth

Published by shubhamsxn on April 2, 2023

Building long-term wealth is not an easy task. It requires discipline, perseverance, and a set of good habits that you need to stick to consistently. In this article, we will discuss the top 10 habits that you can adopt to build long-term wealth and achieve financial freedom.

  1. Set Financial Goals: The first step towards building long-term wealth is to set financial goals. It could be anything from saving for retirement, buying a house, paying off debt, or starting a business. Make sure your goals are specific, measurable, and achievable within a certain timeframe.
  2. Budget and Track Expenses: Budgeting is the cornerstone of financial planning. Create a monthly budget that includes all your income and expenses. Track your expenses regularly and look for ways to cut costs and save more money.
  3. Pay Yourself First: Make it a habit to save a portion of your income before paying bills or expenses. This could be as little as 10% of your income or as much as you can afford. Over time, your savings will grow and compound, helping you build long-term wealth.
  4. Invest Wisely: Investing is a key component of building long-term wealth. It’s important to invest in a diversified portfolio of stocks, bonds, and other assets that align with your financial goals and risk tolerance. Consider consulting a financial advisor to help you create a personalized investment plan.
  5. Live Below Your Means: To build long-term wealth, it’s important to live below your means. Avoid unnecessary expenses and stick to your budget. This will help you save more money and invest more towards your financial goals.
  6. Automate Your Savings and Investments: Automating your savings and investments can make it easier to stick to your financial plan. Set up automatic transfers from your checking account to your savings and investment accounts each month.
  7. Educate Yourself: Financial literacy is key to building long-term wealth. Read books, attend seminars, and listen to podcasts that can help you learn more about personal finance, investing, and wealth building.
  8. Avoid Debt: Avoiding debt is crucial when building long-term wealth. Try to pay off high-interest debts like credit cards as soon as possible. If you do need to take on debt, make sure it’s for a good reason, like buying a house or starting a business.
  9. Stay Disciplined: Building long-term wealth requires discipline and consistency. Stick to your financial plan and avoid making impulsive decisions that could derail your progress.
  10. Surround Yourself with Like-Minded People: Surround yourself with people who share your values and goals. Joining a financial group or attending financial planning events can help you stay motivated and accountable.

In conclusion, building long-term wealth requires a combination of good habits, discipline, and consistency. By adopting these top 10 habits, you can set yourself on the path to financial freedom and achieve your financial goals over the long term. Remember, it’s never too early or too late to start building wealth. Start today and reap the rewards in the future!

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Top 7 ways to generate Passive Incomemoney mindset and math passive income engineeringwealth

Top 7 ways to generate Passive Income

Published by shubhamsxn on February 23, 2023

Passive Income

Passive income is earned through investments that continue to generate money even when the individual is not actively participating. This can include rental properties, stocks, and other investments that generate a consistent return over time. Passive income can provide a source of income that is not tied to the individual’s time and effort, and can potentially generate income even when the individual is not working. Passive income is earned by investing money or time upfront, with the expectation of earning money from the investment in the future. The individual does not need to actively participate in the business or job in order to earn passive income. There are many different ways to generate passive income, including rental income, portfolio income, online courses, drop shipping, eBooks, social media, and royalties.

1. Rental Income

Rental income is generated by renting out property or assets to others. This can include anything from a spare room in your house to a storage unit or even a piece of equipment. The key to generating rental income is to find a property or asset that is in high demand and that can be rented out at a competitive rate. This can include anything from a single-family home, apartment, or commercial property, to boats, RVs, or storage units. Once you have found a property or asset that is in demand, you can either manage the property yourself or hire a property management company to handle the day-to-day operations.

2. Portfolio Income

Portfolio Income is generated by investing in stocks, bonds, mutual funds, and other types of securities. The key to generating portfolio income is to invest in a diverse range of securities that have the potential to generate a return over time. This can include anything from blue-chip stocks to emerging market bonds. The key to generating portfolio income is to diversify your investments and to invest for the long-term.

3. Online Courses

Creating and selling online courses is another way to generate passive income. Online courses can be created on any topic, from cooking to coding, and can be sold through platforms like Udemy, Coursera, and Skillshare. The key to generating income through online courses is to create a high-quality course that is in demand and that can be sold at a competitive price.

4. Drop shipping

Drop shipping is a business model in which you sell products to customers without ever holding inventory. Instead, you partner with a supplier who holds the inventory and ships the products directly to your customers. The key to generating income through drop shipping is to find a profitable niche, source products from a reliable supplier, and market your products effectively.

Read more: Top 7 ways to generate Passive Income

6. eBooks 

Writing and selling eBooks is another way to generate passive income. eBooks can be created on any topic and can be sold through platforms like Amazon Kindle Direct Publishing, Google Play Books, and Apple Books. The key to generating income through eBooks is to write a high-quality book that is in demand and that can be sold at a competitive price.

7. Social Media

Social media platforms like Instagram, TikTok, and YouTube can be used to generate passive income through sponsorships, affiliate marketing, and advertising. The key to generating income through social media is to build a large following and to create high-quality content that is engaging and in demand.

Learn about 20 more ways to generate passive income from our flagship and bestseller book “Money Mindset and Math: Unlocking Financial Freedom through Mindset and Action”

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Magic of CompoundingScreenshot 2023 02 19 at 1.10.50 AM - Engineering Wealth - shubhamsxn

Magic of Compounding

Published by shubhamsxn on February 19, 2023

The “Rice grain on chess board story” is a popular analogy used to explain the power of compounding. The story goes like this: Once upon a time, a servant demands his king to offer him one grain of rice for the first square of a chessboard, two grains for the second square, four grains for the third, and so on, doubling the number of grains for each square until all 64 squares have been filled as a token of his lifelong service to his King.

At first, the king may think that the servant’s demand is not so great, as the number of grains increases slowly. But as the King moves through the chessboard, the number of grains increases exponentially. By the time they reach the 64th square, the number of grains had grown to over 18 quintillion weighing over 461 billion metric tons ! The cost of buying this much amount of rice would cost over $300 Trillion US dollars. The wealth of the entire planet would fall short if you want to buy this much amount of rice !

This story illustrates the power of compounding, which is the ability of an asset to generate returns not only on the initial investment, but also on the reinvested returns. The chessboard represents the timeline of an investment, and each square represents a year. The rice grains represent the returns on the investment, which start small but grow larger as the years go by

The key takeaway from this story is that compounding is a powerful force that can turn small investments into large sums over time. The earlier one starts to invest, the more time compounding has to work its magic. It’s important to note that, just like the story, the power of compounding takes time to work, and it’s not necessarily a get-rich-quick scheme.

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Writer’s Journey

Published by shubhamsxn on February 19, 2023

From the Author…

As I sit here, looking at the published copy of my book “Money mindset and math: unlocking financial freedom through mindset and action,” I can’t help but reflect on the journey that led me here.
Writing this book was not just a task or an assignment, but rather a personal journey for me. I had always been fascinated with the concept of financial freedom and wanted to share my knowledge and experience with others. However, the path to achieving financial freedom is not an easy one, and I knew that before I could share my insights, I needed to do the work myself.
So, I began my journey by studying finance and reading countless books on the subject. But I soon realized that acquiring financial freedom is not just about the numbers. The right mindset and approach are just as important. It was then that I started to explore the world of mindset and personal development, which was a game-changer for me.
While writing this book, I realised that sharing my knowledge and experience was just one aspect of my goal. I wanted to help others realise that they too can achieve financial freedom with the right mindset and approach. I wanted to inspire and empower people to take action and believe in themselves.
But writing a book is never easy. There were days when I struggled to find the right words or to put my thoughts into coherent sentences. There were times when I questioned my own expertise and whether I was qualified to write about this subject. But I kept pushing forward, driven by the desire to make a difference.
One of the biggest challenges I faced was striking a balance between the technical aspects of finance and the human side of achieving financial freedom. I didn’t want to overwhelm readers with complex calculations and financial jargon, but I also didn’t want to oversimplify the process. It was a delicate balance, but I think I managed to achieve it in the end.
Looking back, I am proud of what I have accomplished. I am proud of the insights and knowledge that I have shared, and I am proud of the impact that my book is making in people’s lives. I hope that “Money mindset and math” inspires and empowers others to take control of their finances, develop the right mindset, and take the necessary actions to achieve financial freedom.
If there’s one thing that I have learned from this journey, it’s that anything is possible if you believe in yourself and are willing to put in the work. I hope that my story inspires others to pursue their passions, overcome their fears, and make a positive difference in the world.

Shubham saxena

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Bestseller on Amazon

Published by shubhamsxn on February 11, 2023

“Money Mindset and Math: Unlocking Financial Freedom Using Mindset and Action” is a book that has been making waves in the publishing world. Not only is it a bestseller in the business, strategy, and planning categories, but it has also been ranked high in the investment, money management, and personal development and self-help categories. With an overall ranking of 36, this book is proving to be a must-read for anyone looking to achieve financial freedom.

2BusinessStrategyAndManagement 2 - Engineering Wealth - shubhamsxn

“Money Mindset and Math: Unlocking Financial Freedom Using Mindset and Action” has been making an impact in the business world and it’s no surprise that it ranked number 2 bestseller in the business, strategy and management category soon after its launch. The book offers a unique approach to financial success by combining the power of mindset with practical action.

“Money Mindset and Math: Unlocking Financial Freedom Using Mindset and Action” has been making an impact in the investing world and it’s no surprise that it ranked number 7 bestseller in the investing category soon after its launch. The book offers a unique approach to financial success by combining the power of mindset with practical action.

7 investing 1 - Engineering Wealth - shubhamsxn
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“Money Mindset and Math: Unlocking Financial Freedom Using Mindset and Action” has been making an impact in the money mangement world and it’s no surprise that it ranked number 8 bestseller in the money management category soon after its launch. The book offers a unique approach to financial success by combining the power of mindset with practical action.

“Money Mindset and Math: Unlocking Financial Freedom Using Mindset and Action” has been making an impact in the personal development world and it’s no surprise that it ranked number 8 bestseller in the personal development and self help category soon after its launch. The book offers a unique approach to financial success by combining the power of mindset with practical action.

8PersonalDevAndSelfHelp 1 - Engineering Wealth - shubhamsxn
36Overall 1 - Engineering Wealth - shubhamsxn

“Money Mindset and Math: Unlocking Financial Freedom Using Mindset and Action” has been making an impact in the publishing world and it’s no surprise that it ranked number 8 bestseller overall on Amazon soon after its launch. The book offers a unique approach to financial success by combining the power of mindset with practical action.

In my free time, I strive to give back to the community by mentoring and conducting mock interviews for aspiring tech professionals on platforms such as Scaler.What sets “Money Mindset and Math” apart from other finance books is its unique approach. The book combines the power of mindset with practical action to provide readers with a comprehensive understanding of the key concepts and strategies they need to achieve financial freedom. With a focus on both the emotional and mathematical aspects of financial success, this book provides a well-rounded approach to achieving financial literacy and financial freedom.

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Money Mindset and Math

Engineering Wealth

Bestseller book "Money Mindset and Math" by Shubham Saxena

@copyright 2023

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Money Mindset and MathMoney Mindset and Math

Money Mindset and Math

Published by shubhamsxn on February 11, 2023

Unlocking Financial Freedom through Mindset and Action

About the Book

“If you took all the money and divide it equally among everybody, it would soon be back in the same pockets as it was before”.

This quote highlights the idea that true wealth and financial success is not simply a matter of having more money, but rather a combination of mindset, education and action. This book addresses this by providing readers with the tools and strategies they need to develop a wealth-creating mindset, understand key financial concepts, and take action to achieve financial freedom.

Book Preview

Available as eBook and Paperback
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The book is divided into two parts: Part 1 focuses on achieving financial freedom through mindset and Part 2 focuses on achieving financial freedom through action.

Part 1: Achieving Financial Freedom through Mindset
In Part 1, the book begins by introducing the concepts of financial literacy and financial freedom, and the difference between financial security and financial freedom. It then delves into the role of emotions in financial decision-making and the influence of upbringing and society on money attitudes. The book also covers the importance of financial planning and budgeting, as well as the shift from a saving mindset to an investing mindset. The book provides readers a solid understanding of key financial concepts such as assets and liabilities, active income vs passive income and personal income statement and covers the power of compounding and Warren Buffet’s journey to the top.

Part 2: Achieving Financial Freedom through Action
In Part 2, the book focuses on the practical aspect of achieving financial freedom by covering the importance of learning to do the math, using Excel for financial calculations and retirement planning. The book also covers the Wealth Creation Hut, where it covers the various types of investment vehicles available to investors and the importance of diversifying one’s portfolio with alternative investments. The book also covers the topic of investment in the stock market, where it covers the difference between long-term investing and short-term speculation and the different investment philosophies available. The book concludes with a section on what not to do as a long-term investor.

Overall, “Money Mindset and Math: Unlocking Financial Freedom Using Mindset and Action” is a valuable guide for anyone looking to achieve financial freedom and become financially literate. With its combination of mindset and action, it provides readers with a comprehensive understanding of the key concepts and practical strategies they need to achieve financial freedom.

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Money Mindset and Math

Engineering Wealth

Bestseller book "Money Mindset and Math" by Shubham Saxena

@copyright 2023

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