Become millionaire with long term investing. #finance #money
Channel: JBaba Talks
Date: 22/07/2021

Description:



Today I wanna talk about how to became millionaire. cynic in you is thinking this is going to be click bait video. 
And in video i am going to talk about my plan to become milliner. specifically just one plan.
and the day i have 1 million in savings and investment i will let you know.
Now time to give me some love like...... if don;t like then dislike it. and lets add your portfolio number in comment and everyone of us will trak this here.
Okay Okay stop fooling around and just tell me what is it? how do we do it.
Earn More Money then Save more and Invest what you have saved.
Earn more money and 160k can be easily achieved in US.
Once you have this paychecks next step is save as much as you can.
For savings you have stop bleeding of finance in you day to day life.
How do you find out what's happening u ask.
Here is my answer take a pen paper,
List down all the things where you are spending money.
Here is an example for me.

Now what you have stopped bleeding but all that money is just setting in your bank account. Your money seating in bank just have cash flow. it will deprecate over the time. here is my video on depreciating asset card due to inflation.

Invest your money into markets and good companies. You have to understand this fact you are lazy and if you don't understand how to make more money then just give it too someone who knows. Here i am not saying give it person. I mean buy a stock. So buying a stock means you gave your money to everyone one who is working that company. That's direct investment into that company. Take an example of google how many smart people work there?
A Hell lot then me. One argument argument can me be mad 90% people who work there are smarted then me. They can give you a more return on your money over long period of time.

And once you invest money. Don't do anything at all. specially trading. don't do it. Just stay away from trading. Money doesn't grow it compounds over period of time get this into our thick head.

Now if you do all this things then when you will be millionaire?
Here is example,
you earn 160. 

you say i don;t earn that much. Well get the grip of your life how ever much you earn do all the above things i told you. and plan to increase your income to 160k level. Here is thing every one can earn this much money. stop being lazy and find out why you are not earning that much self reflect?

You are in india you are us, uk anywhere every country had retirement plans put money into that plan and you will get deductions. You will ask should i do that? millionaires caror patis do that and save $1 rupee 1 tax if they can by doing all this. so you are not mukesh ambani or jef bezos they why are not using all this plans? again stop being stupid and be smart and save at all this places.

How to get 15% to 25% return year over year. don't try to chase impossible dreams of doubling your money in 2 months. Trading high volatility penny stocks where you are just buying using looking at graph. It goes up you buy more thinking it will go up more. Goes down you will buy because you think it will back to same levels.

Open international account if you are india. buy good stocks of all the well known tech companies.




General Description:

I will go live everyday all of us always wants to read something / write something, or if you are a developer then you want to write you first app. But instead all of us working we spend time endlessly scrolling video feeds or photo feeds. 
In today's edge where everything is remote you might not find study partner.Worry not JBaba is here tune in to my live stream and just think of me as your silent study partner.
Let's study hard, work hard together.


Who am I? Developer by Day, Dad for my boy, Want to be an entrepreneur.
Why am I doing this? : So I can stop procrastinating
What am I? Indian, But wants be an sovereign individual.
Where am I? USA, Texas
What do I do? I have 9 to 5 job. And want to be an entrepreneur to escape the cubicle.


@jbabatalks

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