I always wondered why middle-class people are always struggling & staying as middle class. How come rich people always growing rich.
I wanted to be rich & always trying to understand what is causing me to stay as middle class even though I used to spend a lot of time understanding/grow as rich.
Let me share two examples that I have invested & observed in the last two years.
- Most of my investments in the form of Gold & few in Stocks & mutual funds.
Believe me, D-mark IPO gave me around 500% of profitability vs Gold gave me around 21%.
In other words, In the same phase of growth, I need to wait around 23 years to reach 500% through Gold investment.
After having various discussions with colleagues & family members. I believe the following way of thinking is the drawback & need a quick swift.
- Think profitability in a percentage format.
- Years of investment is the most important factor for all the investments.
- Last but not least LEARN, LEARN & LEARN.
- Don’t Investment money in lifestyle change.
- Don’t forget to learn & read more, Generally, that is getting stopped after started a career.
I will revisit a year later & will post my findings.