Welcome back,
I belong to a middle class family and earning money was always my goal. I have seen, felt, experienced the times when we need money and we don't have it. I love doing trading, investing, and searching new projects all day and night. My life revolves around these things and that is why I can say that what I love the most is Investing in long term products which are safe and stress free. You all might think, how can investing money be stress free. I understand it very well but the type of investment I am talking about is really stress free and even a ten year old can start doing it and trust me, it will be stress free.
link - https://pixabay.com/photos/golden-coins-loose-change-euro-cent-3346988/
In present generation, parents give pocket money to their kids. Depending upon the place the amount these kids receive vary but let us assume they get 1000 rupees a month. Above I just shared the thing I love the most which is investing in long term assets that too stress free and yes I am going to suggest that thing to be done by each and everyone, even a 10 year old. So we suppose that a kid gets 1000 rupees a month and they always save a little money from that pocket money.
link - https://pixabay.com/photos/cashbox-money-currency-cash-box-1642989/
Some parents promote this saved money to be put inside a Gullak ( piggy bank ) so that over the period of time their kids will learn saving money as well as they will learn the benefit of it. I have a different approach here. I ask you all to buy a very little amount of gold everyday, if you are saving 300 rupees a month, buy 10 rupees gold everyday. It will not effect your pocket at all as the amount is so minimal that you won't even think you are investing anything. Remember It is a long term game and so when you start saving in gold for few years you will have one of the safest assets with you over the course of next few years.
link - https://pixabay.com/photos/gold-is-money-gold-bars-gold-golden-3055758/
A ten year old boy if invest 300 a month ( 10 a day ) will have 3600 a year and in 10 years he would have invested a total of 36000 rupees in gold. By the way you can use Jar app which is trusted and attested by RBI so it is one of the safe options for me. Now why I suggest this to everyone? I suggest this because it will teach you about DCA and also about the benefits that comes with it by the time you reach the age of 20. There are people in their 20s and 30s who don't know the meaning and benefit of DCA so you get knowledge and wealth together.
link - https://pixabay.com/photos/alarm-clock-coffee-pot-time-wake-up-2132264/
If you started doing this in 2010 and you did it till 2020 do you how much that 36000 would turn out to be? Obviously I can not give the exact numbers but that 36000 will at least turn in to 80-90k INR while in you kept it in a bank that 36000 will at max reach 45-50k. At the end of 2020 you will have 10+ grams which is 1 tola gold and that comes stress free. For the adults this number can even be bigger and better based on where and how much they invested. By the way this is my entry to India United contest and if you want to join the contest you can read about it below.
Thank You and Happy Trading Everyone.
