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Do you feel defeated? Do you think you are a zero? Do you want to do something?
Do you want to become rich? But you don't know how to start it
then you are at the right place. Because in today's article I am going to tell you such a strategy that if you follow it step by step then your life will be set because the things that I am going to tell in this article are not just any ordinary things but this is the knowledge that I have gained after reading dozens of books on personal finance.
Friends to
be honest becoming rich is not everyone's cup of tea. Just like not everyone is
able to cross all the levels of a gym similarly, not everyone can become rich.
If you try
you can come up from where you are right now. But for this you have to
understand the game of money
You should understand this concept of money
You should
understand this concept of money that’s why I have divided the games of
becoming rich into levels. So, you should understand that to become rich you
will have to cross three levels Intermediate and Advanced. Most of you might
not even be at the level right now.
Why am I
saying this you will understand it after reading this article, but in the level,
you have to change your perspective of looking at money.
When you cross the level, you will reach the Intermediate level. Here you will be taught to manage your money and control expenses and when you cross this level you will have to create different income sources for yourself
so, you have to cross these levels one by one. Every single thing mentioned in this article is important for you that’s why read the article till the end without skipping.
If you read
the article completely then no one will be able to stop you from becoming rich
So, let's start number one because Napoleon
Hill the author of think and Grow rich
says that
most people are not able to become rich because they want to become rich but
they do not have any burning desire.
Create a burning desire inside you
Therefore,
to become rich you will have to create a burning desire inside you which you
can start by thinking big. Because people want to become rich but do not want
to think big but until you think big you will not be able to become rich because
you’re thinking decides your future.
If you earn ₹ 20000 a month and you want to become rich then this is not possible. To become rich you have to think about earning lakhs a month.
Most people think that once they get a job they will gradually become rich by saving and investing money and with this thinking they live their whole life.
They earn their livelihood by working for others but they never work for themselves or their future due to which they remain poor throughout their lives.
Working for others you are not making yourself rich
Robert Keyosaki says in his book Rich dad and poor dad by working for others, you are not making yourself rich but others rich because the job only keeps you trapped in it. Most of us are job people who get up at 9:00 in the morning and get ready for their job and go to work.
Then when they get off work at 5:00 they do that
and after entertaining themselves they go to sleep and they repeat the same
thing every day because they do not see their freedom in front of their job
security.
People just want to see the message of being credited on their phone every month but they do not know that their job is binding their financial life. These people do not take out even a little time for themselves.
Neither do they try to do
something new nor do they learn any new skill which is most important to become
rich. Normally people keep themselves in the trap of 9 to 5 because they do not
have financial knowledge and how would they have it? From childhood itself
Education system prepares you for the rat race only
It is taught in our schools and colleges that study well get good marks and get a good job by earning money so to say our education system prepares you for the rat race only.
But to become rich you have to come out of the rat race and educate yourself, now you will learn a lot about it and you will also know how to become rich? So, to conclude this point you have to change something in your mind.
You have to come out of this by working on yourself and you have to financially educate yourself as much as possible. Number two
If you have reached this level after crossing
the intermediate level beginner level then congratulations. You have crossed a
big milestone which most people only think about crossing. So now let's talk
about that behaviour of people which keeps them honest.
If you see
nowadays people are doing jobs of Rs. 15 to 20000 but are roaming around with
iPhones in their hands. These people spend more than they earn. If they earn
Rs. 100 they spend Rs. 150.
Let me tell you about my neighbour. He barely earns Rs. 18000 but he has taken an EMI of Rs. 15000 due to which he has to take a loan again to run his house.
But
have you ever thought of taking a loan and buying a car on EMI? You are looking
rich by buying bikes and phones and spending on your hobbies but you will never
be able to become rich because to become rich you have to control your
expenses.
We spend money on many such things which we do not even need
If you see in our day-to-day life, we spend money on many such things which we do not even need.
Therefore, you should control these expenses and learn to manage
your income properly because people keep getting their salary Expenses are done
first. People often complain that they do not see their salary
whereas
they do not have any record of their expenses. They spend as much money as they
want. They do not have any budget
so, start tracking your income and expenses from this month itself. If you want something that you can do to fulfil your little hobbies and your money is also saved then as soon as your salary comes in your hands you can use 50 ₹ 30 & 20.
Which says that you should use 50% of your income on your needs like paying rent and paying bills. 30% Like if you feel like having lunch outside or want to buy something
then you can buy it with that money and you can save the remaining 20%. If you want to save more money then you can save 30%. You can spend 20% on bonus.
It totally depends on you. In this way you will learn to use your salary properly.
When you learn this then you can prepare an in-completion or should I say portfolio of your entire life.
You must have heard the name of one of the men of the world and he is a very big financial expert. He manages the portfolios of many people for which he charges a very high fee.
He has prepared such a plan from his experience by following which you can prepare your profitable portfolio. He has prepared such a plan by following which you can prepare your profitable portfolio.
According to the fund you should invest 30% in stocks 40% in long term bonds 15% in short term bonds 1.5% in gold and 7.5% in commodities. This is the way Ray has diversified the portfolio.
This is a perfect diversification because it covers
all assets except real estate and all these assets are such that they will give
you constant returns in the future. You will always profit from portfolio to
become rich
Understand the concept of inflation along with investment
You have to understand the concept of inflation along with investment. In the name of saving money we save our money in the bank from where we get 4-5 percent interest but the same rate has gone down to 5 percent.
Meaning if you put your
money in the pants now then your money will decrease instead of growing
because your money will grow at -3% in the bank. So, if you put money in the bank in such a situation then to grow your money do not invest your money anywhere without thinking but only after understanding inflation You should invest your portfolio so that it will give you good returns even after inflation. So, what are the fears you can have?
If you have reached this level after crossing three advanced levels level one and level two then you are very close to becoming rich because most people get stuck at level two. They are not able to get out of it.
But now you have reached this level. That is why first of all we will see how you can increase your income.
friends any person earns money only through these four ways which the author Robert Kiasoky calls it as you can see that this cash log was in the court. It includes those people who do jobs. It means self-employed.
In this service providers like doctors’
lawyers and small shop owners are included. Businessmen come under this group
and income means people who invest money in other people's companies. And when
the company benefits investors also benefit.
On the other hand, investors earn by investing their money in other people's businesses. Friends rich are not those who work hard but rich are those who know how to get work done from others. So, see which side you are on in this right now.
If you are an employee then you should think about doing business. If you are a businessman then you can raise your level by investing. Whatever it is
you will have to do it from left to right because only then you will be able to become rich. This work will not be so easy. You will have to understand the problems of others and solve them.
You
will have to find a unique idea which people need. Many people live only in the
name of doing business because they think that if they start a business and the
business does not run then their business will go into loss. That is why they
do not take any risk
To become rich it is necessary to take risk
Only those become rich who take risks. Those who cannot take risks can never become rich. In such a situation if you want to become rich then you will have to leave your fear behind because only by doing this you will be able to move forward on the path of earning money and one day you will be able to get financial freedom.
So,
if you have decided that you want to become rich then take this and first of
all start writing your skills be careful, We do not give you unrealistic
things. Write how much money you want to earn at this age and how you will earn
there see the complete plan of it.
After this on number two you have to save money from your salary every month and invest it. On number three you have to work on learning a new skill after your job. When you learn the skills then start your own business.
On number four you have
to read financial books every day. If you cannot read the book then listen to
the book you want
You will have to work on your emotional intelligence
You can also watch a video related to finance. Then you will have to work on your emotional intelligence because after becoming rich people become rich but they are not able to save their money.
When you reach a level there are many people
around you who are ready to grab your money. Bankers, brokers, lawyers are one
of them and many times people lose whatever they have earned in the greed of
earning more money after becoming rich.
That's why be patient and work on your emotional intelligence because becoming rich is a different thing and being rich different that's why you don't just have to become rich but also remain so forever and Warren Buffett is not the richest man in the world today without any reason.
He has seen recession four times in
his investing journey. But he never gave up. That's why he is the greatest
investor in the world today. So, if you also want to achieve financial freedom
then you have to follow all these things.
Number six
there is no need to take risk with closed eyes rather you should calculate the
target and start your startup. When you cross these three levels you will
become rich. Friends the path to becoming rich is not so easy