Should I invest- Ifs and Buts

Most of the people reading this must be at the starting phase of their career. Just few months since taking a job. It’s a honeymoon period of life right now and there is no more dependency on parents or anyone for buying the things you want. Just that?

 I guess, no!

Some of you have already dreamed about foreign trips (May the villain corona soon!) or marrying the person of your dreams by a certain age. While many are still in the process to move to flats from PGs, buy a second hand bike, plan a Goa trip, etc.

All of this seems like a cakewalk unless the reality dawns upon us and our expectations have on them the weight of bills and burdens. When I came to Pune, all of my friends directly took a PG without a second thought. I roamed many PGs and gave up my months of planning. It was impossible to live in such a congested space, not at least after job! I could probably make expenditure plans right away because I had been in a content writing business after my graduation and before I landed a job. However, a job life adds balance to a life and I was capable to throw my little savings right away into paying the deposit at my new flat. 

Then to make it up again, I started thinking about freelancing with my writing on weekends but that didn’t happen. I myself withdrew from the idea knowing that if I would work 7 days a week then when will I enjoy even if I gather ample money?

Ever since then I researched a lot and tried out many things which could possibly eradicate this common man’s need of piling up savings. What next? I totally gave up the idea of getting a bike on EMI. Now the feeling was even stronger. Something has to be done. That was the point when Corona has created a situation of lockdown and I spent ample time trying to understand how stock market works, how people become rich with it. 

In the process, I came across many people most of who had no idea about it, many advising that my age is just the right when to begin this. Little by little, I started with small-small stocks which costed me around 20Rs and how many stocks did I buy? Just 1.

It was later only when my calculations reached a point where my profits from 10k investment was same as many people’s 50-60k investment. Strategies and approaches all come from the self. It’s like preparing for your board exam with your target and at your convenience. At the same time, I also met many people who are filthy rich like their money will never end and they were afraid of this process. The reason is obvious- if one is happy with what he has, has no financial outlook or goals, doesn’t have the bill burden on him/her creating crisis in middle of the month, then he/she will discard plans of getting into this field. 

What most people fear is that money is going to drown in these risky things though that is a very novice perspective Those people were never curious where from the 4% interest in coming to their savings account in bank or how the bank makes money from nothing. Ofcourse, this arena is totally a risk full of events unless executed without planning, just like life events. You don’t appear for an exam with huge registeration fees unless you intend to prepare for it, right? There were many myths which were total bullshit. Stock trading and investing are both arts which any person with know-abouts of what is going in the world can drastically excel and change their lives.

Let’s now build a proper planning as to live life in riches both in the way of life and money. In the upcoming blogs, I will cover the basics of stock trading and mutual fund investments. Also, what is the potential you can reach or lose with the strategies you make- all from my short experience of loss and profit that I will try my best not many books/videos would have covered. Till then figure out where are the places you can expand your savings in order to put them properly across your financial journey.