I am 30 years old and have been investing in the stock market for about 5 years. This is part 1 of a crash course that will teach you everything you need to know about investing at the age of 30.
The stock market crash course for beginners is a blog post that explains the basics of investing in the stock market. It also includes information about how to start investing, what types of investments are available, and how to invest in the right place.
I’m terrible at investing. My investment portfolio is actually simply the 500 books I released on Amazon at the ripe old age of 30, after establishing a 6-Figure online company.
Each of them is treated as if it were a mini-property.
I spent thousands of dollars and many hours developing them in order for them to continue to provide me with passive revenue for years to come.
Because I had to repay all of my parents’ debts as well as a government loan, I didn’t truly get concerned with personal money until after I graduated from university.
I’ve been scared to invest nearly my whole adult life. But I was hell-bent on figuring out how to make more money.
But I’m also aware that I won’t be able to earn my freedom.
Being raised in a normal educated Asian household has its advantages and disadvantages.
We’re usually extremely frugal and have a keen sense of value.
So, to be honest, I’m not qualified to provide you investment advise.
I’m not sure which stock will rise next week.
I’m not sure whether the real estate market will pick up next year.
I don’t engage in any gold or silver transactions.
However, I’ve lately started experimenting with Bitcoin and other cryptocurrencies.
To be honest, this is the first time I’ve felt a little rash with my money.
As a self-publisher, I’ve had a good run thus far. Thanks to the time and work I put into handling it like a legitimate business.
If you’re new to the site, here’s some background information: I was born and raised in Malaysia, yet my publishing business is based in Singapore. I went from being a recent graduate to going it alone in internet marketing in 2011. I slammed my head against the wall, armed only with an engineering degree and a student debt, attempting to persuade everyone that it was possible. More information may be found here…
Being in a startup-friendly atmosphere and an entrepreneurial hotspot is very beneficial to your company’s growth. (Because of its low corporation tax rate and easy regulatory procedures, Singapore is an excellent location to establish a business.)
“If you want to make fast progress in establishing a genuine, long-term internet company, you must first eliminate the inefficient bureaucratic procedures that stifle innovation and speed.”
At first, there just wasn’t enough money.
My investment crash course took place approximately a month ago. I could only learn how to make some money and save the rest after spending as a student who relied on family financial help and government study loans to pay for school.
Even so, in my early years as a single entrepreneur, I was restricted to figuring out how I was going to pay off all of my debt, much alone purchase a vehicle or a house.
A budget for a baby
I was still reeling from the trauma of my horrific accident in 2012, when I was sprayed with acid, robbed, and left blind and terrified for the rest of my life. The entire story may be found here.
I realized I had ran out of cash. I’d been an online entrepreneur for a year and a half when this happened. Nothing seemed to be working.
So I tried my hand at budgeting.
My initial budgeting strategy was cautious, straightforward, and succinct. You may scoff at it, but it was essential in laying the groundwork for my current publishing company.
I knew I had X dollars left in my bank account, so I devised a strategy to make the most of it. I estimated the minimal amount required to outsource and publish a book each week with just around 6 months before I ran out of money and had to start working for someone else.
With a modest aim of making $1000 per month to begin with, I estimated that I would need to produce around 15 books each month. That’s assuming 1–5 copies of each of my publications are sold each month. It’s a little number.
I was very fortunate to reach the $1000 milestone in my seventh month of publishing, even before I had published 100 titles.
I slipped into the realm of investing and financial planning as I earned royalties via Amazon, mainly out of need.
I had student debts and would have to pay back a large sum of money for a highly costly university education. There just wasn’t enough money for recent grads to try their hand at business. At least not without first taking up a part-time job.
As a result, what I did was really very stupid. To embark on a full-fledged solo business venture. I couldn’t overlook my financial situation any longer. That is why you hear about students going bankrupt due of their degrees all the time in the news.
Anyway, when I could afford more and more things to add to that list, my budget started to sort itself out. It was a basic method, but as the months passed, I had more and more space to spend.
Then there was my first five-figure cheque.
At the conclusion of my first full year in publishing, I received my first five-figure payment from Amazon. I could still recall the pleasure and anticipation that my newfound riches might bring. The options are endless!
Part 2 of My Crash Course in Investing at 30 Years Old
I began my journey to get out of the rat race ten years ago. From being an engineer to establishing my own part-time internet company was a huge jump for me. Since then, I’ve begun many more. The most of them were doomed from the start. Engineers have an uncanny ability to miss the forest for the trees. They get caught up in the minutiae and lose sight of the larger picture. I learned to polish my ideas through time and realized that the world is a gold mine. I delved deep into people’s minds to find their treasures. Your pickaxes are questions. They unveil the diamond that has been concealed inside. This blog will give you a leg up on the competition. What’s in my mind now belongs to you…
The stock market investment courses are a great way to start investing. They offer the opportunity to learn from experienced investors, and help you get started with your own investments.
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