Engineer's Finance

Please read the Part 1, before reading the Part 2.

Rule no. 3: Don’t be emotional

Don’t be emotional when you make money decisions. It never makes any sense to me and I am sure it is same for you also. In the initial days of investing in stock market I made stupid mistakes. These mistakes were due to the fact that I was using my heart and not my brains. I use to have loads of emotions while buying and selling stocks. At times I used to blindly believe that some stock will go up and some will go down. These were terrible mistakes. I have burnt my fingers in that. But the fact remains that it is the same with you as well. Don’t do that. Continue reading →

These are not the only set of rules to increase your wealth. These are just my thoughts as to how to increase your wealth. These rules I have set to myself and I want to share the same with you.

Rule no. 1: Set the goal

This is the most important step in the direction of increasing your wealth. It is very difficult to make a path without knowing the destination. I have had always this problem of not setting the goal and roaming aimlessly of doing something. Then I realized it is very important to set goals and if you don’t know how to set goals, read up about goal setting or attend courses about goal setting. It is very important. Goals are as important as wealth. If you know exactly where you want to go and when you want to reach you will make sure that everything falls in place for you and believe it or not it happens knowingly or unknowingly. Continue reading →