How do I make wealth without burning out?
I'm 25, and a proud survivor of the corporate grind. I work 11 to 7, Monday through Saturday, and bring home a whopping ₹1L a month, which disappears faster than my enthusiasm on Monday mornings.
I've tried it all stocks, startups, even swing trading but apparently, I have a unique talent for losing money.
Now, I’m living on a budget that makes Ramen noodles look like a luxury item. I've switched from cigarettes to rolling tobacco (which feels like a hobby at this point), started doing my own laundry, and walk 3 km to catch the metro.
But even with all these money-saving hacks, I’m still left with nothing at the end of the month, except maybe some lint in my pockets. Everything I save goes straight to paying off the credit I took for adventures in swing trading.
How can a broke corporate drone like me make some extra cash without investing in stocks or other traditional methods? I'm open to suggestions.
Any creative ideas? Maybe something that doesn’t involve risking what little dignity I have left?
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Where you are right now, I'd simply advice SIP Monthly savings instills financial discipline where it's lacking
Invest in 3-4 SIPs, spread across Large, Mid, Small cap Then just forget about it, don't make investment decisions, just make sure not to spend all your 1L every month
Sadly there is no way to make quick money without going illegal and that money is not worth the stress.
I learnt it the same way you did in intraday and positional trading. Go with the traditional investment methods first and build a discipline of saving. That's what I'm doing:)
How much money would you need to make to make the stress worth it?
4cr? 40cr?
Switch job, clear out everything and start sip and meditation:)
Stop trying to earn extra money and you will save enough money.
What are you spending money on? Lol I had 6k in bank when I got married, even after 3 years of work at 1 lac+ salary. Built a gaming pc at Covid rates, added a car and home loan, bought guitars, VR set, expensive watch and phone yada yada. Just saying, at some point you have bought everything you need or want and don't really have to spend money apart from the basic necessities.