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Today we're going to talk about the book "Learn to Earn." Let's explore what this book teaches us. It was written by Peter Lynch. Why is Peter Lynch so famous? He's considered the world's most successful fund manager. He managed a Fidelity mutual fund, delivering profits of approximately 29% for several years.
Therefore, he's considered one of the world's greatest investors. Friends, who is this book "Learn to Earn" for? This book is for all those who want to become rich. If you've come across this video, you also want to become rich. So, be sure to watch the entire video and like it. You can also leave your suggestions in the comments.
So, friends, let's understand that this book is for all those who want to become rich and achieve something big in their lives. This is one of the best books on personal finance ever written. Friends, there's a very important topic that is n't taught to us at all in our schools and colleges: investing.
We're taught math, and we're taught other things, but simple things. We are not taught how to evaluate companies using mathematics. We are also taught a lot about patriotism, but we are not taught how we can contribute to the progress of our country by helping to grow its economy. We are not taught about saving, that is, how saving money from an early age and putting it to work, that is, investing it in the right place, can make our future prosperous.
Today we will tell you about the Hindi summary of the book Learn to One written on personal finance. Come friends, know the power of money. We all do not really understand the power of money. We all think that if we are going to buy something worth ₹1, then we think that our ₹1 will be spent. But the big investors who really understand the power of money, how do they look at any expense?
Let us know. If Peter Lynch has to spend ₹1, then he will first think that if I do not spend this ₹1 and invest it, and instead of spending 29 rupees on it, If I bring in only 24% profit per year, then in 20 years, ₹1000 of today will be worth approximately ₹1 lakh. They think that if I spend ₹000 here today, I am not losing ₹1000, I am losing ₹1.25 lakh after 20 years.
Whenever you think about the money you are spending today, if you invest it wisely in the stock market or somewhere else and let it remain invested for several years, how much money will you save? Only then will you understand the true power of money. You will make any small savings and invest it properly.
It does not matter how much your income is. Save as much money as you can and keep investing it in the market. After some time, after 15-20 years, it is certain that you will have a very good amount of money. This is called the real power of money. Worry about the future value, not today. Many people will also think that inflation will also increase after 15-20 years.
It will go on, but if you look at the data, inflation grows at a rate of about 6%, so if you buy stocks wisely, you could become 30 times richer in the next 15-20 years. Friends, timing the market means always thinking that if I bought a stock for ₹1,000,000 and it comes to ₹2,000,000, then I will buy it again and sell it when it reaches ₹200.
It is possible that by doing this, he may be successful once or twice, but by doing this, the investor gets into the habit of buying a stock, earning 10-2% on it, then selling that stock, and buying it again when the stock goes down. They think of earning through this cycle, but here Peter Lynch has told that no matter how big an investor in the world, he has never been able to time the market.
If the big people in this field could not do something, then our chances of success in it are also very less. Why should we do something in which there is less chance of success, so avoid it. For example, if you have a good share which you got for ₹1, you kept that share till 150 but as soon as it became 150, you sold it thinking that it will now come down to 120 or 130, then I But if the same share increases from 150 to 1000 directly, then you lost the opportunity to earn 10 times just because of the greed that if it is for ₹1, then I will buy it again If you have bought shares in a good company, its fundamentals are good, you have faith in it, then you should avoid timing the market in the pursuit of earning -20 If it is a good share, then whether it falls or rises, keep it for a long time, only then you will be able to make good money Friends, learn from the failure, a common investor comes to this market with big dreams, he has a lot of expectations from this share market, he always thinks that he should always be successful, he should not buy the wrong share, the mutual fund in which he invests his money should always go up And in their quest to find the right stock, they seek advice from everywhere, but that's not always possible.
If you've entered the stock market, then assume you'll inevitably incur losses. There's no one in this market who hasn't suffered a loss. So, do n't be afraid to fail. You know, the failure rate of all the big investors in the stock market is very high. It's not that they fail only at 10 or 20 points; they fail a lot, too.
They also sometimes buy very bad stocks. But what they do is they hold the good stocks for a long time. If a stock goes up 10 times from ₹1, that is, it goes up 10 times, it will compensate for your five losing shares. Suppose you invested ₹100 in 10 places, or if you invested ₹1,000,000 in 10 places, and one of your shares increases 10 times and the remaining nine shares go down to zero, you're still in no profit, no loss.
What are you doing wrong? You have bought shares. You have bought the wrong shares. If you have incurred a loss, then learn from it. What mistake did you make and with what thought did you buy that share which went wrong? What was your assumption? You could not understand the management of that company or you could not understand that industry or you over-trusted that company's product.
What was the problem due to which that company flopped and next time correct that mistake and buy shares with caution. In this way, when you keep reducing your mistakes, a day will come when you will be able to buy good shares continuously. Not many, if you find just 10 stocks whose price has increased 100 times, then guess what, you will be successful in making a good amount of money.
Prices are not the top priority. The price of the share is your main priority. Suppose you are told that there is a mobile phone worth Rs. 10,000, will you buy it or not? You will immediately say how can I buy it. Tell me something about that mobile like what is the mobile number of the mobile, how much RAM is its screen, how is its battery?
How many megapixels is the camera? When we want to know everything about every item before buying it, then why doesn't this happen with shares? When it comes to shares, the first thing we ask is what is the current price? The price of that share has no meaning unless we know what is the quality of the company, how weak is the company or how strong is it, what is the balance sheet of its management, what are its future plans?
When we know all this, only then is the price of that share valuable. Only then can we guess whether the share is available cheaply or expensively. Without knowing all this, we all make this mistake that whenever the name of a share comes up, we ask what is its price. First of all, you should read about that company and only then decide something.
The price of any share does not say anything in itself. Friends, start early. It is very important to start as early as you can. Especially young people think that right now we do not have much money, right now I am able to save only Rs 500 or 000 a month. No matter how little you can save, it's important to start.
The less money you have to start, the better. Mistakes are more likely in the beginning, and you learn from them. If you have less money, the pain of making mistakes will be less. This is the best time to start investing in our country. Today, there are brokers with zero brokerage who charge no commission, such as Zero Da or UpStocks.
If you want to invest in mutual funds, applications like Groww or Kuvera are available that allow you to buy mutual funds without any commission. So, you should start investing as early as possible. The world's greatest investor, Mr. Warren Buffett, has been investing since a very young age. He was 101 years old when he earned money by selling newspapers and Coke bottles and investing his savings in the stock market.
He always looks for good companies and holds them for many years. Finally, I would like to tell you that you should invest in your small investments. Savings can be invested in buying shares in the stock market or in mutual funds, but just like to drive a car you first have to learn to drive and practice it, similarly it is important to learn it before investing your money anywhere, so first of all your goal should be to learn about investing, then invest your hard earned money somewhere in the right place and earn profit, friends, this was the Hindi summary of Learn to Earn book, which was very important for you, I have told you that in this video, friends, I hope that you must have learned a lot from this book and friends, like this video and do share this video with your friends so that every person gets to know about investing and gains knowledge and friends, if you are new to the channel then subscribe and press the bell icon, we will meet you in the next video, thanks for watching
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