Monday, 16 February 2015
Saturday, 7 February 2015
Be Preventive, than to be Reactive.
You need to dig your well, before you feel thirsty.
You need to do exercise and keep yourself fit, before you fell into ill.
This applies to your additional source of Income.
You need to generate additional source of income when you do not need it, NOT when you need it. Be Wiser, Preventive, than to be Loser and Reactive.
All the Best
Thursday, 5 February 2015
RICH Vs POOR - Perspectives
I have watched a Video, '60 Minutes to getting Rich by Robert Kiyosaki'. Some of the key points for your understanding.
Poor - House is an asset and its the largest investment
Rich - House is NOT an asset. If its largest investment, then you are leading to trouble.
Poor - I cannot afford.
Rich - How can I afford!!!
Poor - Study hard Work hard and earn good salary paying job
Rich - Not bad idea. Instead, You can buy the companies, which generate great money
Poor - I am not interested in Money
Rich - Money is powerful. So respect it
Big corporation, Big Country is having money problem.
Poor - If you get lottery you will be rich, If you win gamble, you will be rich
Rich - If you respect the money, the money will multiply.
Poor - Believe in 401k plan(retirement plan)
Rich - Want money in and out, by very fast and interested on money velocity
Employee - Values Fear and seek security
Self Employed - Smart people and lack of trust on others like to have hamburger stand
Business - Similar to self employed but BIG in thinking (like having hamburger stand all over world) and learn how to leverage support from others.
Investor - Emotionally neutral. Failing is part of successful process.
Employee - Earn salary pay taxes first then do your expenses.
Business - Earn income, do your expenses then pay taxes, if any.
The laws are written by rich for the rich
Poor - I make more money
Rich - I keep more money
Poor - Interested in Job Security
Rich - Interested in Financial security
Poor - They see the property and choose the property
Rich - Analyse 100 deals, 10 identified as prospects, 3 proposed and close for 1 property. Always invest in Education, in evaluating deals.
Poor - You have failed. So stop trying.
Rich - You have not failed enough. So keep trying.
Poor - FEAR - False Evidence Appearing Real
Rich - FEAR - Fail Early And Responsibly
Banker lookout for your Financial intelligence NOT your Academical Intelligence.
Money, Sex, Politics, Religion - Subconscious mind takes over the conscious mind.
Money is having 2 problems.
1. Having too less 2. Having too much
Poor - Having too less
Rich - Having too much
Which one you want to be?
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