Never Stop Chasing Your Dreams!

Hey everyone,

A few years back I read this amazing book that changed my perception of wealth creation.

It's called

"Everyday Millionaires" by Chris Hogan.

And it's all about how regular people like you and me can become super wealthy.

One of the main takeaways from Hogan's(The author) research is that most millionaires aren't born into rich families or have special superpowers.

Yes you read it right!

They're just regular people who figured out some smart money moves.

I realized his research was true because if you look at any big names like Jeff Bezos, Mark Zuckerberg, Dhirubhai Ambani, Gautam Adani, and many others, you'll notice one common thing in their life stories:

They all came from humble beginnings and not-so-rich backgrounds.

Their success today is because of these main things

Discipline,
Consistency,
Attitude of chasing dreams.

But among all these big names, one person we can learn a lot from is
Ritesh Agarwal, the Founder of OYO Rooms.

If you listen to or read his life story, you'll discover that he comes from a small village in Odisha. Despite humble beginnings, he's now worth around 16,000 crores (Source: Wikipedia).

Despite facing many challenges, including financial constraints, Ritesh showed a strong entrepreneurial spirit from a young age. He focused on his vision and worked tirelessly to build his business empire.

Check out this clip to learn from Ritesh Agarwal's mindset and advice for 21-year-olds. It's worth a watch.

Source: WTF Podcast

This is why we should understand the importance of creating a long-term plan and breaking it down into short-term goals. Your short-term plans should include identifying the skills you need to progress and then actively working on acquiring them.

Developing habits that align with your dreams is crucial.

For instance,

if you aspire to become a top equity research analyst, a fundamental habit you should cultivate is reading extensively. Staying updated with market news and developments is essential for forming independent opinions and staying competitive in the field.

But Sir Kaha Se Padhna Shuru Kare?

Yeh video dekhlo!

So, let's forget the old-school advice and get real.

Wanna be a millionaire?
Start thinking like one!

Look for opportunities, hustle hard, and make your money work for you. Who knows? Maybe one day, you'll be the next Ritesh Agarwal, building your empire from scratch.

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Market ka haal - Kabhi bull toh Kabhi bear.

If we look at the data,
The Nifty 50, had a mix of ups and downs recently. It went up by 1.25% in the last week but dipped slightly by -0.39% in the last month.

Looking back, it showed growth, with gains of 2.11% over three months, 12.15% over six months, and a big 30.18% over the past year.

The Bank Nifty, also had its ups and downs. It went up by 0.93% in the last week and 0.33% in the last month.

But over three months, it went down by -3.19%. Despite this, it managed to grow by 4.83% over six months and by a solid 18.54% over the past year.
(Source: LiveMint)

Meme of the week

What Is This New T+0 Settlement Cycle?

Started from March 28, 2024. NSE and BSE implemented a T+0 settlement cycle for selected stocks, meaning trades involving these stocks settled on the same day they were made.

List of 25 stocks eligible for this settlement cycle:

In simpler terms, T+0 settlement means when you buy or sell stocks, the money and stocks change hands on the same day. Normally, it takes a day (T+1) for this to happen. This change aims to make trading easier and safer.

The stock market moved to T+1 settlement in 2023. Now, they're testing T+0 settlement in a trial phase. This means for some selected stocks and brokers, trades will settle on the same day.

I think this change will make trading smoother and release funds faster in the market. It's a big step forward from the old way of settling trades in two days (T+2). This move aligns India's stock market with global standards and makes it more reliable and quicker for traders and investors.

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Recommendation List

📚 Book of the Week:

"The Hard Thing About Hard Things" by Ben Horowitz - This book explores the challenges of starting and running a business.

Ben Horowitz, an experienced entrepreneur, shares his honest advice on dealing with tough situations in the business world. It's a valuable read for anyone looking to become an entrepreneur or lead a business.

🎧 Podcast Pick:

I suggest you to check out this podcast with Robert Greene, a top expert on how people think and act. He talks about finding your

Life's purpose,
Dealing with relationships,
And finding good mentors.

Whether you want to grow personally or in your career, Greene's advice can really help. Don't miss this chance to learn from one of the best.

That's all for this week! I hope you're enjoying the format of this newsletter—I'm really enjoying writing and sharing my learnings with you each week. Your love and support keep me motivated.

Remember to invest in yourself.
Read and learn as much as possible to become industry-level competent.

As this reminds me of one of my favorite lyrics from a song called "Qasam Kha Li" by Papon, which goes:

MAI TOH CHALA
CHAAHE MERA
SAAYA BHI SANG NA CHALE

Don't look back; start dedicating as many hours as possible to achieve your dreams. Remember, no one else will do the hard work for you.

“Rukna nahi hai”

You are solely responsible for making your dreams a reality.

This is Parth Verma,
Signing Off.