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How can I invest in IPO | IPO Week | IPO | Finance Talks with Sky

This week has been very anticipating for all investors as awaiting companies have issued the offers for Initial Public Offerings (IPO) which includes one of the giants in the Indian Market and it has launched its IPO after 20 years! Do read the blog and tell us in the comments if have you subscribed to any of these IPOs? If you missed this time or you don't know anything about IPO, don't worry we have got your back.  Contents What is an IPO? Initial Public Offering is abbreviated as IPO. IPO is the process of raising funds by organizations to expand their business operations such as acquiring other firms, purchase of assets, etc. The funds are raised by the public as well as institutions by listing the company's shares on the stock exchange such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).  IPO is allotted by the registrars of the stock exchange to the investors, it is random and we can say it is like a lucky draw. The company
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How to be Wealthy?

 


In today's world, everyone wants to be wealthy and do whatever they want to without hesitation about finances. But can everyone be wealthy? Can you become rich overnight? What do you have to do?

Let's find all the answers to be rich in this blog.



1. Save Money - The very first step to being rich in your life that is learning to save money. Once you know how to save money you can have more chances of being rich. As I have discussed in previous blogs, if you are getting a salary or pocket money, then keep at least 20% aside.


2. Have multiple sources of Income - One can never become wealthy by having a single source of income. If you have a single income stream then you can only survive and save. But multiple sources can help you earn more and generate more cash flow. Some other income sources are freelancing, investing, etc.


3. Invest as early as you can -  The earlier you start the wealthier you will become. Many people have a misconception that one should start investing only after having a good job or earning with x package. But this is a very wrong approach.


4. Diversify your Portfolio - You cannot be rich by investing your all money in a single place. If the market falls then all your investments will be swapped. Invest in different sectors, bonds, markets, etc. That will help you to manage the losses.


5. Have Right Mindset - Keep your mind clear that the goal is to become rich not to look rich. So think twice before spending your hard-earned money. If you are buying anything then buy authentic and long-lasting, that will be your investment in yourself.


6. Avoid Debt - One of the most significant points is to avoid debt. No matter how tempting the product is. If you cannot buy it twice without affecting your finance then don't buy it. If you are stuck in debt then you won't be able to save or invest.


No one can be rich or wealthy overnight. One has to keep patience, have to be consistent and be determined to the goal. So here are six points to be rich. I hope it was helpful to you. Thank you for reading.




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