A reader says, ” I am 30, married, and have a 3-year-old daughter. I come from a middle-class background, and although I have completed my bachelor’s degree, I’ve worked in HR more out of necessity than passion”.
“Over time, I became interested in financial literacy, especially through watching YouTube videos on equity investing. As I started learning, I realized the immense potential of equity markets and began investing. I focused primarily on short-term trading and saw decent profits”.
“However, due to my night shift job, I could not dedicate sufficient time to monitor the markets during the day, which eventually impacted my returns. Despite this, I continued learning and investing. Still, I started feeling that my current company would not offer any significant growth or financial support and that I would eventually be replaced. This led me to consider quitting my job”.
“For the past few years, I have been deeply focused on learning about equity investing, constantly improving my skills, and staying up to date with market trends. I came across your videos, and I must say, your journey and insights have truly inspired me. Your perspective on money, minimalism, saving strategies, and the importance of continuous learning resonates deeply with me. I feel like I am in the learning phase of my life, and I want to grow from your experiences”.
“I am at a crossroads and would greatly appreciate your guidance. I am considering quitting my job to focus entirely on equity investing. Fortunately, I don’t have many debts, and I believe I can support my family with a monthly income of around 35,000 INR. However, I want to ensure that I’m making the right moves in equity, focusing on the right strategies, and avoiding mistakes that could hinder my growth”.
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“I am committed to working hard over the next 10 years and aspire to build a future where I can spend my life happily and peacefully with my wife and daughter. I don’t want to live a lavish life, but I want to make money work for me rather than just working for money. My goal is to create a stable and successful financial freedom lifestyle”.
“I would be truly grateful if you could offer some advice on how I should approach equity investing, what I should avoid, and how to follow a path to success. Please consider me as your student and guide me with all your perspectives in a positive way, actionable steps that can help me grow and become financially independent”.
You need money to make money. For this, you need a reliable and scaled source of income. Trading is NOT that source. Trading is an unreasonable risk where more people fail than succeed. See Reasonable and unreasonable risks in investing and money management.
So remain employed in a ‘proper’ job and focus on increasing your skills and income. Stop watching content related to equity investing. That is not a reliable skill.
Aim to invest as much as possible in your long-term goals, like financial independence and your daughter’s education. You will need an asset allocation of 50-60% equity and the rest in fixed income.
A single Nifty 50 or Sensex index fund is enough for the equity part. For fixed-income and EPF, you can use PPF if you have room for asset allocation. You can add a debt mutual fund later when you need it.
Invest each month in these and increase your investments as much as possible each year. That is it. You don’t need anything else except conviction, patience and discipline.