facebookI’m ready to grow my money. How should I start? What should I apply for and where can I gain knowledge? - Seedly

Anonymous

04 Aug 2020

General Investing

I’m ready to grow my money. How should I start? What should I apply for and where can I gain knowledge?

From someone with 0 financial experience. And have a sizeable savings and insurance after years of hard work.

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The Growth Hunter

06 Jun 2020

Home-based Trader at https://t.me/the_growth_hunter

Hi there!

Congrats on the mindset to take the first step to grow your money.

Firstly, one should start by understanding the concept of financial literacy and understanding wealth. We often think we know what we are doing, but actually there are learnable frameworks and steps from the rich and wealthy that we can learn from. Recommend to read Rich Dad Poor Dad by Robert Kiyosaki first, then Secrets of the Millionaire Mind by T Harv Eker.

Once u adopt those mindsets, you will start to look for more knowledge. And u will realise that they lie mostly in books, videos, seminars, courses and chat groups. They could be free and they could be paid. Of course, if u pay, the added benefits are structured content, real-life application with tips and tricks and possibly a coach or a mentor that will guide u towards a path of success. This will potentially shortcut ur learning curve that could otherwise take u a longer time especially if you get stuck in misleading information or if you do not understand something.

Hope the above helps. You may read https://bit.ly/thegrowthhunter and join the Telegram chat in bio for more detailed information.

Go to libbyapp.com and login via your NLB account, and go borrow as many personal finance / value investing books. Borrow books that are written from a practictioner perspective. Can start with beginer friendly:

The Five Rules for Successful Stock Investing by Pat Dorsey

The Ultimate Dividend Playbook: Income, Insight, and Independence for Today's Investor, Josh Peters

If books are not your cup of tea, there are a couple good US financial youtubers to follow

Graham Stephan: https://www.youtube.com/channel/UCV6KDgJskWaEck...

PPCIAN: https://www.youtube.com/channel/UCXtrYuGksGkkyl...

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