Top five financial advice for 2023

Top five financial advice for 2023

1. Start saving early and consistently for retirement. The earlier you start saving, the more time your money has to grow.

2. Create a budget and stick to it. Knowing where your money is going each month can help you identify areas where you can cut back and save more.

3. Pay off high-interest debt, such as credit card balances, as soon as possible. This can help you save money on interest charges and improve your credit score.

4. Diversify your investments. Don't put all your eggs in one basket. Spread your money across different types of investments, such as stocks, bonds, and real estate, to minimize risk.

5. Seek professional financial advice if needed. A financial advisor can help you create a plan that's tailored to your individual needs and goals.

Best Financial Books

There are lots of books on finances. But choosing the right one is a tricky part. Everyone is different in their opinion and interest. And so, the choices of books differs from person to person. But it is needless to say, there could be some books that undisputedly been considered as most important in terms of business and investing. There goes my list of 10 ten business books of all time: 

1. Rich Dad Poor Dad

2. The Intelligent Investor. 

3. How to Make Money from Stock Market. 

4. The Richest Man of Babylon. 

5. Think and Grow Rich.

6. The Hard Thing About Hard Things by Ben Horowitz

7. Deep Work by Cal Newport

8.How to Win Friends and Influence People by Dale Carnegie

9.Atomic Habits by James Clear

10. Good to Great by Jim Collins

Read the summary on The Rich Dad Poor Dad

Youtube Automation

YouTube Automation is what everyone is excited about. Everyone knows one can earn money from YouTube, but YouTube automation has become a new idea. So, what is YouTube automation? YouTube automation is the idea where you don't need to be super creative to be successful. So, what is actually needed to an YouTube Automator? The list is below: 

1. Hire a script writer.

2. Hire a videographer.

3. Hire a Thumbnail designer.

4. Hire a video editor.

Now publish the video on your YouTube channel. Do the process at least once a week. So, the overall process will need you to spend $100-$150 per video. And if you hire your stuffs for a permanent basis, you can spend less for more services. 

Now let's talk about income. An average of 1000 views will make you $1. In that case, with 1 Million views, you can earn $1000. It sounds better but now you are thinking how a video can be watched 1 million times within a day or week. Now let us break it down in the following way. If you have 100 videos, and each of the video has 10000 views, you have exactly 1 million view. And these videos will make you $1000. The best part is that it is passive income. That means, you will sleep and the money will be deposited in the bank throughout the year. How exiting!

Stock Market

I was going through the book, "Rich Dad Poor Dad" by Robert Kiyosaki, a best-selling book based on financial literacy. Before I had read the book, I had had zero knowledge about Stock Market and Real Estates. But the book opened up my eyes and I saw that literally money was hovering in the air. And now I am going to tell you guys how one can earn money from the stock market. 

Stock Market is available in all the countries of the world. And there are some billionaires who have made their fortunes just investing in the stock market. Warren Buffet is the living example. He made billions just investing in the stock market. So, in order to get started, one needs to open an account from any broker house of the Stock Market. You have to be very cautious about the charges of the broker house. In the USA, there are S&P 500, Dow Jones Industrial Average, and Nasdaq Composite. Investing in these stocks are the most popular among all the stock market investor around the world. And the best part is that foreigners are welcomed to invest in the US stock market.

In order to earn from the stock market, one must have sound knowledge about investing in the stocks. Most importantly, most of the people who invest their money in the stock market are trader. And there are different types of trader; day trader, swing trader and long term trader and many more based on the type. But the fact is that one must have knowledge about trading and one must know how to analyze charts, patterns to take the entry and exit in a stock. (I will discuss more about trading later).

 

Top 10 Online Business Ideas in 2023

Here are the top 10 online based business ideas that can be done with below $2000 dollar. 

The ago-old concept of running of business having Land, Labour, Capital and Organization has somewhat become an old concept. Now people just don't need these things ready to run a business. The fact is that Jess Bezos, Mark Zuckerberg, Elon Musk and most of the billionaires started their business in a small room without having land, labour, capital and a unified organization. Thanks to the Internet that now anyone having a computer or a mobile phone can start earning from home with zero to as much as $2000 dollar.  These are well established business ideas that can turn the wheel of your luck. 

1. Youtube Automation: 
2. Facebook Ads
3. NFT
4. Stock Market
5. Cryptocurrency 
6. Outsourcing
7. Photoshop 
8. Website
9. Alibaba 
10. Amazon Affiliating

These are just the top ten ideas.