00:00Let's talk about the common mistakes that people do when they are trying to build passive income streams.
00:04If you want to buy a blue chip, Reliance, HDFC.
00:07If I was 14 years old, I would give 10-15% dividend.
00:12If you want to buy passive income, people start very late.
00:15They don't start so fast.
00:18They think that if you get out of passive income, it will not grow.
00:21In some ways, yes.
00:23But if you want to buy growth stock, I am just taking an example, not as a recommendation.
00:27If you want to buy the stock from HDFC and MC, there is 3-3% dividend yield.
00:31I think that I have to worry about it.
00:33If I add 3% today, if I add 5 years later, it will be 6%?
00:36It will be more than 10 years later.
00:39Compounding theory in life happens.
00:42It is not planned.
00:43I will tell you that we will compound.
00:46Warren Buffett and Charlie Mungar, they don't add stock dividend.
00:51I don't want a dividend.
00:52I don't want zero dividend.
Comments