Tag: 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 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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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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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.

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Money Mindset and Math

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Bestseller book "Money Mindset and Math" by Shubham Saxena

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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.

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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

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Bestseller book "Money Mindset and Math" by Shubham Saxena

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