BESIDES BUILDING YOUR BOSS'S DREAMS....BUILD YOUR DREAM TOO
A MUST READ FOR ALL SALARIED
You will not find a single SALARIED PERSON there!!!
In salary you are creating wealth for others not you.
WHY CAN'T A SALARIED BECOME RICH??
Sure...a Salaried person can definitely become Rich.
Look at Sundar Pichar....Indra Nooyi....Tim Cook
They are super rich
In fact, the more you use your talent for the company..the more the OWNER is making money.....much much more than you!!
As a salaried person, you are helping your EMPLOYER (Boss) build their Dreams.
But what about your dreams??
You will see as you read further....
You have about 72,000 working hours in your entire life.
(8 hours per day * 300 days per year * 30 years)
Okay...Lets take it as 1,00,000 hours
Now multiply that with what you can earn per hour....thats how much potentially rich you are.
CROREPATI Ban Gaye??
No not yet..
This is the just the salary...what about your expenses.....your insurance...your kids fees...your PPF...your taxes??
How much you have now!!!
Go ahead and enjoy the latest Blockbuster in PVR...but at the same time...make sure that your money is working for you by making money for you to watch this movie. If yes....go ahead enjoy the movie as your investment in EQUITIES is making sure that you are earning passively too.
Saving is good but EARNING is better!!
There is a LIMIT TO SAVING but THERE IS NO LIMIT TO EARNING.
How sure are you that you would get a similar salary paying job right away if your Boss fires you??
Think about it...
Investment is not...(yes the new LTCG says 10% above 1 lakh)
And for God's sake do not get lured by the innumerable GET RICH schemes and have even your modest savings wiped out. That would be a DISASTER.
The majority of people who lose money in these GET RICH frauds are the salaried people and housewives....Google will reveal the numbers too.
In fact, even in the Roman times, some intelligent Slaves would earn enough money to buy themselves freedom from slavery and even get slaves of their own!!
Here too..the point is...they made money (slaves) work for them.
No...you dont have to skip going to that UDIPI hotel for breakfast.
After clearing any debt you have and saving for an EMERGENCY....the No.1 priority of yours should be INVESTING (I used the word investing and not saving)
Kayne West, a celebrity with a Private Jet went bankrupt in a jiffy because of his reckless spending. He had a staggering $53 million in debt!!!!!!
Most people retire by 55-56 and Warren Buffet earned his 1st $1 Billion only at Age 56.
So...dont get disheartened.
His wealth is now worth a staggering $74 Billion up by 74 times in 28 years....thats a huge 16.62% CAGR
Hows that for consistency.
Indian Mutual Funds have been very very consistent and you need to find just 4-5 good funds and your path to FINANCIAL FREEDOM is set.
ALLOCATE MORE FOR SAVING/INVESTING
For them INCOME-INVESTING=EXPENSES
And, they become much more richer.
RICH KEEP GETTING RICHER is purely due to their FAR SIGHTED approach.
I CANNOT SAVE MORE
Suppose say you have an EMI of 10k
Now if EMI jumps from 10k to 12k
you will manage to pay right??Likewise....
Consider SIPs as future EMIs and start paying them!!!!
THAT MEANS MY LIFE BECOMES BORING!
Does that you should stop enjoying your life?
Not at all.
There are so many enjoyable things in life which thankfully are STILL FREE.
1. Go to a Government Library and read FREE all the Daily Newspapers, Magazines, Books
2. Go to Park and enjoy the Pollution Free Atmosphere
3. Go and visit friends/relatives. Increase Bondage. Makes life so worthwhile. Rediscover the joy of friendship and relationships.
4. Go to a Orphanage, Old Age Home and spend time doing voluntary work. It will sooth your heart. The blissful sleep that you get when you serve them is unparalleled.
5. Go to a Temple and enjoy the soulful peaceful ambience
6. Lots of plays/comedy shows are regularly held by Organisations wherein Entrance is FREE. Go and enjoy
Workers, Taxes, Laws, Rents, Competition, Bribes...what not (all this are mandatory expenses and have to be spent whether you are earning or not!)
5. Invest in Right Asset Class
Find a Good financial Advisor and follow his advise and save even that 2 hours.
But, to find that good advisor....you will have to spend some time. (But, thats a ONE time spend...and worth every second of it)
And that will happen only when you PLAN the same by way of INVESTING.
You are now a Partner with BIRLAs, TATAs, SUNDARAMs. Grow with them and become rich
Also visit http:/http://https://t.me/MutualFundWORLD/
Does not mean you should not go for a job
the point is...
When you are a Business/entrepenuer...the scope for INCOME is immense..
SKY IS THE LIMIT!!
Think like a businessman
Do a job
But... become a partner in some business
Best way....make people like BIRLA/TATA your business partners...
Invest in Mutual funds which buys shares of these companies and participate in their growth
and there you are !!!!
Growing with them as SLEEPING PARTNERS!!!
"I worked even when my kids were sick"
"I attended a meeting an hour after the funeral of my dad,"
"I did not take a single holiday in the last 3 years" or
"I only saw my children growing horizontally in their beds."
👆 It's not a matter of pride to say these kind of statements
Live a better life. Consultant a Financial Advisor