To become a rich or wealthy person by enlarging the main objective of everyone who starts to invest or trades to become a rich or wealthy and to reach his financial freedom. Many people try to reach this goal as quickly as possible. In today’s article, I will discuss the problems that this situation can open and why growth is better, the power of exponental growth and the opportunities that you can give you.
First of all, I have said many times that one of the first things that everyone who is new to invest or trades should do is not only graphic work, but also should improve their financial literacy (I have made another reminder again by saying again). One of the basic propositions faced by everyone who strives to improve their financial literacy is the concept of expanding the balance. I have met with the concept of enlargement growth with Efloud’s article titled “$ 1,000 to $ 1,000,000 ve and I can say that it is a system that changes all investment mentality. In the early days when I started to take transactions in the financial markets, I realized that Spot purchases were spread over time and supported by the right moves. In addition to this awareness, Robert Kiyosaki, Peter Lynch, Morgan Housel, Alfred Mill, Charlie Munger, Warren Buffett, Mark Douglas come from investors and writers. If you read the books of the concerned people, I can say that your investor profile will change.
What is enlarged growth?
If we go back to the main subject of our article, enlarged growth means that your balance increases at a certain rate over time. Let’s move forward with a frequent $ 1,000 example. Let’s assume that you have $ 1,000 and that you have a 100 percent profit every year. In such a case, your safe will grow by 2x each year. Your investment life, which you started with $ 1,000, will be completed at the end of the first year with $ 2,000. So when you start the new year, we can say that your new main balance is $ 2,000. In the scenario where you make a 100 percent profit every year, at the end of the second year, 8.0000 at the end of the third year, 16,000 at the end of the fourth year, 32,000 at the end of the fifth year, 64,000 at the end of six years, 128,000 at the end of the seventh year, 256,000 at the end of the eighth year, 512,000 at the end of the eighth year At the end of the 10th year, you will reach $ 1,024,000. Is this really possible? I can not know whether you can fold your safe 2x every year, nor do you know. In my opinion, everything is possible in human life with effort, labor and work, but what I want to emphasize is not to reach 1 million dollars after 10 years, but to approach your vision at a wider and different angle.
Intelligent investors who can foresee the return of the time of time
The first condition of achieving financial freedom is to start investing, and the sooner you do it, the more the likelihood of growth and growth will be. Maybe the first year you will show a small growth by choosing very safe investment tools, but you will be able to reach enormous balances even with the same rate of earnings every year. At the same time, our basic proposition in the scenario we established was to enlarge your safe 100 percent every year, but you will become more experienced over time, improve your financial literacy and increase your earnings rate. Maybe after closing your first year with 20 percent, 30 percent or 50 percent earnings, your earnings rates will find 100 percent, maybe even more. The way to achieve this is to develop yourself as a real investor in terms of financial literacy and to take action. It is not possible to perform this scenario by waiting without doing anything on the basis of what you hear from right to left, your friends or phenomena suggests. Even if you realize it, it is not possible to maintain long -term, because many experiences you will gain in 10 years will actually shape your investor profile and will enable you to take more conscious steps in financial terms. On the other hand, when you act with the word of someone else, it is possible that you can even garbage 1,000,000 dollars in one day. You can find many stories about people who have lost all their money on social media. An intelligent investor is a long -term thinking, predicting the compound return of time, and the investor who can gradually enlarge both his balance and himself.
As I mentioned at the beginning of the article, many people aim to reach big money as quickly as possible. Like many people, I want to achieve my financial freedom, and I strive for it, but we have to understand that it is not as easy as it seems, that we should withdraw the cefası if we want to withdraw, and that it is more accurate to grow. I recently met someone at a stock market event and said that since 2017, he has been an investor, especially in the field of crypto. He said he has grown around 50x in total. He usually said that in his first bull, no one could earn money properly, but he could reach a good gain if he didn’t lose his faith until the other bull.
How right is it to resent the market?
This acquaintance actually led me to refresh my faith and to write this article. Many people have suffered a lot of damage in recent days, even people who made a lot of prisons came to their costs. Many people question when the bull will come, but for a long time we have already been in the bull. If you examine the graphics, there have been serious rise in many parity since 2023. This is what I think is over the message that I think is over, in my opinion, the rise will still continue (at least I make my investment plans accordingly). However, if you want to be really wealthy, you should not only make your plans according to this period. You should believe that both time and balance growth growth. Although the gain in my example is an enormous rate, it was actually formed within an eight -year period. Therefore, the investments you make yourself financially can make you quite rich by enabling you to see opportunities and gradually grow. If the person I met waited without doing anything, he resolved the markets, or he had moved with what he had heard from right to left, would he have caught such a growth?
I often say that I have learned a lot in the cycle of this time and that I have taken a lot of notes in this cycle, and that they are preparation for the next cycle. If you examine the financial markets, you can see many cycles (the interest-anflation cycle, such as X-year cycles in crypto currency markets). If you examine the market you invest and notice such cycles and you can be a real investor and follow the markets actively, you can start with a small balance and grow your safe gradually. I am 26 years old now, and after 10 years, I still try to achieve my goals by doing what I believe in and doing what I believe in instead of complaining about the same conditions. Similarly, the best advice I can give you will be to improve yourself and believe in the power of time. Instead of being rich in a quick and easy way, gradually growing and believing in the process will help you succeed.
