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What's up Guy What's up Guy Welcome to our life story If you want to read my love for a stock named youtube0 and how he created the biggest wealth of his life in his Titan, that journey is worth listening to, understanding and worth reading, so definitely read it and I have also made a video on this, Love Story of Titan and Rakesh Junjunwala, but right now we will try to talk recently that from all the podcasts, all the talks, all the interviews of Rakesh Junjunwala, what points can we extract from his life and personal life and his investing lessons, his investing journey and investing learning, so the first most important point that I have extracted, which I have learnt from his podcasts and from all these is that invest for long term, invest for long term, not for short term, always have a long vision, when your vision is long then you create mass wealth, you think long, you think big and I have seen that majority of the people 90% of the people when I meet people, they mostly think that till tomorrow What is the calculation of this?
They think that tomorrow I will do this much by tomorrow and today my work will be done till night, tomorrow my work will be done by this much money. Now you think that this is a theft or any small work, all this is a scarcity mindset and this is a short term mindset that I will get it today, it is very fine, but you think that if a person is working but is not thinking about the result, but is saying that a time will come, for example, you think of it like this, if instead of filling water, you start laying pipelines, then you will keep laying pipelines for many years, for example, if you are laying gas pipelines, then you will be a gas cylinder distributor for many years, the person who is laying the pipeline will earn more money, but the one who is laying the pipeline will not earn anything for many years, but once the pipeline is in place, then think about it, your cylinder owner will be saved and you will not have to work after that because now you have to manage, the pipeline is in place, you just have to open the tap and gas will not reach them.
So, people are saving the cost of travelling to get the cylinders and gas is reaching their homes. So, investing for the long term is just like taking a pipeline. So, think of it this way that in the beginning, you do n't get much progress or kick in investing. But if you keep a long term vision, then you will see that gradually, gradually, you will definitely get progress in it for a long time.
The second important point is what is optimism. I have seen that Rakh Jwala ji has always been very optimistic. Whenever you see him, whenever you see his interviews, he always talks about optimism. Brother, there is still a lot of growth story left in India. In fact, before his death, he said in many interviews that the golden period of India is about to begin.
It will soon start becoming the golden bird, meaning that he was very bullish on India regarding investing. And that is why, in fact, if you look at his life, he has always been optimistic about life as well. He said that till now I have not earned anything. Yes, and this is true, he did not earn anything while he was alive.
The way his massive wealth will compound now, it is not known where it will reach in the next 10 years. So you should think that he was right because he understood the power of compounding. He understood the long-term vision and the benefits of taking a long-term vision. So he always said that optimism is the key to staying optimistic.
He was a highly optimistic person. The third is bet big on highly convinced ideas. Now you see, bet big means that you invest a lot of money on those ideas which gave you a lot of conviction in the world, which means it will always remain in the pages of history. In fact, he has many other ideas too, like he earned a lot of money in CDSL.
Now he is getting very good returns in Lupin. There are many such stocks in which he invested a good amount of money and today they are still helping him in creating his massive wealth. So whenever your conviction is strong, you have to invest a lot of money. It is almost like when you are in the ocean.
If you go near it and suddenly find the ocean, then try not to drink the sea water with a spoon, then at least take a bucket with you. I have quoted this from Jim Rohn. I listen to Jim Rohn a lot. Jim Rohn once said that when you see a sea, don't take a tom, don't take a mug, go and at least take a bucket.
So, he said this. The fourth important point is take risk, but calculated once. So, you should not take such risk, which means you have to take risk, you have to convince highly, but never do it in such a way that you become a complete banker. So, you should always do a little calculated risk management because even after your high conviction, there are chances that your work may not get done.
So, you should never play such a highly risky game. Let's move ahead. Fifth, market cycles are temporary. He always said that whatever small things we do, they are temporary. Whenever there were falls, you used to follow him and whenever news reporters would approach him for his opinion about the market, he would always say that cycles are temporary, this happens, so there is always an opportunity, there is always ups and downs, there is still a lot left for India's growth story, this statement of his used to come in every video, so this shows how optimistic he was and he would never move even a little bit away from the small cycles of ups and downs of the market, be fearless, get discipline, it means that you do not have to be afraid, but you have to remain disciplined, this comes when people are doing SIP, now you think that you are doing SIP continuously, whenever the market falls, you get scared and you lose your discipline, so your consolidation phase, in which you can save more of your money at lower prices, most of the people are not able to do that because the market falls, so you do not have to be afraid there and you have to remain discipline, so at that time, SIP people who are continuously For those who do systematic investment every month, it is a very important point that you should not be afraid and you should have discipline.
Whatever you do every day, every month, you should do it through SIP. Right, let's move ahead. The seventh point is enjoy life while you work. I think this is a very important point and I have also felt this in my life that enjoy life while you work. It is very important to enjoy life in life. Do not just think that you should keep earning money because ultimately you are not going to take anything away from life.
Money can give you many things while you are alive, but make sure that you also enjoy it a little because once you are not alive, then money will be fuel, that money will not be of any use, so remember, try to use whatever little money you have, enjoy it a little, but that little bit so that you can definitely enjoy the compounding that you want to do in the future, so enjoy life a little and that money also.
Enjoy yourself, although it's not necessary that money alone gives you all the enjoyment. The relationship between enjoyment and money doesn't matter much; it does matter a little if you have to travel somewhere. But mostly, to enjoy life, you should meet friends and have fun and talk with them; you enjoy yourself a lot more than that.
It's not necessary that you will enjoy yourself with friends sitting in a five-star hotel; you can have just as much fun in a hut too. So, you can always enjoy life without spending much money. This is just in our minds. The influence of social media and the amount of content being created, especially around luxury life, makes us think that only those people are living life in luxury, but it's not like that.
You can enjoy in many ways too, so that one day you can compound and that day you can become richer and able to enjoy in luxury hotels too. Right, let's move ahead and the last important point that I learned from his life. Which is giving back, they helped a lot of people, donated to many places and in fact, whatever rich people you look at, whether it is Bill Gates or Varun Buffett or our Varun Buffett of India, Rakesh Jungwanwala ji, we all believe a lot in philanthropy, that is, we believe a lot in giving because there is a very good rule of giving back, the more you give, the more you get back many times that and this is a very fact, I have also believed a lot in my life that whatever you give, you get it back many times that in multiplication, so always keep giving in small chunks, keep doing charity, keep helping people and try to help where there is actually a greater need and the need is right, so if you try to find such a place, you will find many such places where you can genuinely help people and after that you can also create mass wealth for yourself because whatever you give, that thing will come back to you multiplied and so Thatchi like the video I hope you would have felt a little more motivated If you have become motivated after watching this video then do mention motivated in the comment section and I will come up with the next video If you comment a lot then I will be very happy and I will come with more motivation from one of more good investors This is it for this video I hope you like the video I yes, like, share and do n't forget to
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