Category: Money Mindset and Math

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:

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.

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.

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

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.

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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.

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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Bestseller book "Money Mindset and Math" by Shubham Saxena

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

8inMoneyManagement 1 - Engineering Wealth - shubhamsxn

“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.

Order eBook / Paperback Now

Join EngineeringWealth Community

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Money Mindset and Math

Engineering Wealth

Bestseller book "Money Mindset and Math" by Shubham Saxena

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