How To 10X your money Even If you're not actively working for money

Warren Buffet says,

"If you don't find a way to make money

while you sleep,

you will have to work until you die"

Looking for a way to grow your money while you're sleeping?? This article is a perfect fit for you. Please go ahead to understand the art of making money when you don't want to work actively. This helps you to lead a financially free life which builds the courage to follow your dreams and do whatever you want to do in your life.

Investing is the only option present to grow your money while you're sleeping. Are you guys ready to learn the art of investing??

If you follow the below 2 steps, then you're ahead of everyone who is chasing for money. Towards the end, I will show you the Real-Time Portfolio Design Template which you can use immediately to start your investment journey.

#Option 1: Start with a Systematic Investment Plan(SIP) based on Index funds investing. In this investment style, you need to invest a fixed amount of money (eg. Rs.10,000/ Rs.1,00,000) in Index funds in India like NIFTY 50 or US-based index funds like S&P 500.

If you invest in Nifty 50, then you're investing in the top 50 companies of the Indian economy. If you believe that India is a developing country and will grow in subsequent years, then you're on the right track to invest in Nifty 50. If Indian economy has to grow, then definitely top 50 companies like Reliance, Infosys, HDFC Bank, etc have to grow profitably.

Nifty 50 based investing is one of the safest of all equity-based investments and has proven to be the best investment option to beat inflation.

If you invest in S&P 500, then you're investing in the top 500 companies of the US economy. If you're a strong follower of US economy and believe that US is a stable economy and a world leader, then you can go ahead investing in S&P 500 index which comprises companies like Apple, Microsoft, Amazon, etc.

S&P 500 based investing is one of the viable options to invest in US economy which helps you to earn in dollars rather than in rupees.

Now you have got a strong understanding of what Index based investing is and what are the indices of the Indian and US economy in which you can invest.

Further, let's discuss the pros and cons of index investing in detail.

Pros of Index Investing:

1. You don't need to worry about the changes in market dynamics and actively tracking the stock market on a daily basis is not required if you invest in index funds for a long term(eg. 15-20 years).

2. It inculcates self-discipline in terms of saving and investing money on a monthly basis which beats inflation in a long term.

3. You'll be a smart person getting the most benefits without doing any active work as index investing is passive and doesn't require any analytical or critical thinking.

Cons of Index Investing:

1. You'll lack the thrill associated with the stock market as there is no active tracking involved if you invest in index funds.

2. You can't invest in companies of your choice because your money will be invested only in top 50 companies or top 500 companies. But this is a pro as well as it eradicates active tracking.

#Option 2: Create your own bucket of stocks which includes both Indian and US stocks. I will explain you the key points that you need to consider before creating the stock bucket list.

I will give you a checklist to follow to pick the stocks if you're a beginner in Stock Market. You can never go wrong if you follow the below strategies for your stock picking.

4-Step Stock Picking Strategy:

• Pick Stocks whose revenue and profits are increasing every year. Eg., Hindustan Unilever(HUL), HDFC Bank, ICICI Bank.

• Don’t invest in high-debt companies like Bharathi Airtel if you’re doing SIP based investing.

• Diversify across different sectors like Pharma, FMCG, Banking, Technology, etc.

• Invest in companies only if you understand their business model. Pro-tip is to invest in companies whose products you use on a daily basis. Eg., HUL, Apple, HDFC Bank.

Now you've got a fair enough understanding of how to invest your money systematically without actively working for money.

BONUS TIP:

Finally, let's discuss the real-time stock-portfolio design template which helps you to start investing immediately in Indian and US Stocks.

REAL-TIME STOCK PORTFOLIO DESIGN

This template will save a lot of your time in terms of designing a real-time stock portfolio.

Sector Wise Stocks and Allocation Percentage:

Thanks for reading!! Happy Investing😊