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What I've learnt from billionaires about investing 📈💰🚀🍾

August 19, 2022 Richard Coward
2030 School
What I've learnt from billionaires about investing 📈💰🚀🍾
Show Notes

Hey guys here are some things I've learnt about investing.

Warren Buffet
https://www.amazon.co.uk/Snowball-Warren-Buffett-Business-Life/dp/0747596492

Richard Farleigh:
https://www.amazon.co.uk/Books-Richard-Farleigh/s?rh=n%3A266239%2Cp_27%3ARichard+Farleigh

Peter Lynch
https://www.amazon.co.uk/One-Up-Wall-Street-Fireside/dp/0743200403

What do you mean by Investment? A. Investment definition is an asset acquired or invested in to build wealth and save money from the hard earned income or appreciation. Investment meaning is primarily to obtain an additional source of income or gain profit from the investment over a specific period of time.

Here's what you should know to start investing.

  1. Get started investing as early as possible.
  2. Decide how much to invest.
  3. Open an investment account.
  4. Understand your investment options.
  5. Pick an investment strategy.

The terms ‘investing’ and ‘trading’ are often used interchangeably. However, there are key differences between the two financial strategies. The goal of investing is generally to build wealth over the medium to long term. By contrast, the goal of trading is to generate profits in the short-term.

Compound interest is when the interest you earn on a balance in a savings or investing account is reinvested, earning you more interest. As a wise man once said, “Money makes money. And the money that money makes, makes money.” Compound interest accelerates the growth of your savings and investments over time.

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