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MONEY IS NOT THE SOLUTION

 

MONEY IS NOT THE SOLUTION

THIS IS A STORY OF KBC 5 WINNER SUSHIL KUMAR WHO WON 5 CRORES.

HOWEVER, AFTER FAILING TO INVEST HIS PRIZE MONEY WISELY, KUMAR IS NOW STRUGGLING IN HIS LIFE.

HE STARTED INVESTING IN VARIOUS BUSINESSES HE DIDN’T UNDERSTAND.


MOST OF THESE VENTURES FLOPPED AND HE LOST A LOT OF MONEY.

HE WOULD DONATE CLOSE TO RS 50,000 EVERY MONTH.

HOWEVER, MANY MISUSED HIS PHILANTHROPY AND CHEATED HIM OFF A LOT OF MONEY.

HIS NEW SELFISH FRIENDS MADE HIM GET ADDICTED TO SMOKING AND ALCOHOL.


HE HAS LOST ALL HIS WINNING AMOUNT AND BOUGHT TWO COWS, SELLING THE COW’S MILK IS NOW HIS WAY OF LIVING AND EARNING.

IT’S NOT HOW MUCH MONEY YOU MAKE, BUT HOW MUCH MONEY YOU KEEP, HOW HARD OT WORKS FOR YOU!!

 

 WE REACHED 100TH  POST..😍😍 LET’S REACH 500TH POST SOON WITH ALL YOUR SUPPORT..💗

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WHEN YOU WILL HAVE FINANCIAL SECURITY ?

 

DO YOU KNOW ?

WHEN YOU WILL HAVE FINANCIAL SECURITY?

FIRST YOU HAVE TO UNDERSTAND THERE ARE TWO TYPES OF INCOME

1 ACTIVE INCOME

2 PASSIVE INCOME

ACTIVE INCOME

 

THE INCOME YOU RECEIVE AFTER PERFORMING A SERVICE FOR OTHER

HERE YOUR INCOMING MONEY DEPENDS ON NUMBER OF HOURS YOU WORK.

PASSIVE INCOME

 THE INCOME YOU RECEIVE FROM YOUR INVESTMENTS.

HERE YOUR INCOMING MONEY DEPENDS ON YOUR INVESTMENTS LIKE STOCKS, BONDS, RENTAL PROPERTY, BUSINESS ETC.

WHAT IS FINANCIAL SECURITY?

THE STAGE WHEN YOU ARE NOT DEPENDENT ON YOUR ACTIVE INCOME.

WHEN YOU ARE INDEPENDENT OF YOUR ACTIVE INCOME?

WHEN YOUR PASSIVE INCOME STARTS FILLING YOUR MONTHLY EXPANSES.

WHAT THIS MEAN?

THE RETURNS YOU EARNED FROM INVESTMENTS LIKE STOCKS, REAL ESTATES, GOLD ETC. ARE GREATER THEN YOUR MONTHLY EXPENSES.

EXAMPLE:

MONTHLY EXPENSES: RS 25,000

YEARLY EXPENSES: RS 3 LAKHS

YOUR INVESTMENT PORTFOLIO: RS 50 LAKHS

AVERAGE RETURN PER YEAR: 10%

INCOME FROM INVESTMENTS PER YEAR: RS 5 LAKHS

5 LAKHS > 3 LAKHS

IN SUCH CONDITION YOU HAVE FINANCIAL SECURITY.

 THE MORE YOU INVEST TODAY WITH PROPER KNOWLEDGE, THE MORE YOU WILL BE FREE TOMORROW.

 

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WHAT ARE MUTUAL FUNDS

WHAT ARE MUTUAL FUNDS
MUTUAL FUND CAN SEEM TRICKY
BUT THEY ARE VERY SIMPLE

SUPPOSE A GIRL GOT RS 10 FROM HIS FATHER.
BUT SHE WANTED TO BUY A RS 100CHOCOLATE BOX.
SO SHE CONVINCED HER OTHER FRIENDS TO COLLECTIVELY BUY THE CHOCOLATE BOX.
THE KIDS COLLECTIVELY CONTRIBUTED RS 100 (SOME MORE , SOME LESS TO BUY THE CHOCOLATE BOX.
THE KIDS THEN DISTRIBUTED CHOCOLATES PROPORTIONATELYAMONGST THEM ACCORDINGLY TO THE CONTRIBUTION.
 


MUTUAL = FROM MANY PEOPLE
FUND = POOL OF MONEY
THE MONEY POOLED IN BY A LARGE NUMBER OF PEOPLE (OR INVESTORS) IS WHAT MAKES UP A MUTUAL FUND.
THIS FUND IS MANAGED BY A PROFESSIONAL FUND MANAGER.
THEN, IT INVESTS THE MONEY IN STOCKS, BONDS, AND OTHER MARKET INSTRUMENTS.
THE INCOME/GAINS GENERATED FROM THIS COLLECTIVE INSTRUMENT IS DISTRIBUTED PROPORTIONATELY AMONGST THE INVESTORS.

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DON’T QUIT YOUR JOB UNTIL

DON’T QUIT YOUR JOB UNTIL
 

YOUR SIDE INCOME IS DOUBLEYOUR MONTHLY EXPENSES.

 YOU ARE SKILLED ENOUGH TO MAKE A SIDE   BUSINESS YOUR MAIN BUSINESS.
 YOUR EMERGENCY FUND COVERS 6 MONTHS OF EXPENSES.
 YOU ARE ACTUALLY DETERMINED AND FOCUSED ENOUGH TO SUCCEED.
 YOU ARE READY TO WORK 12+ HOURS PER DAY.


The world has slowed so you can  rediscover yourself

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THE 5 TYPES OF ASSET CLASSES

THE 5 TYPES OF ASSET CLASSES

EQUITY
STOCK, INDEX FUND, ETF’S, MUTUAL FUND

BONDS

LENDING TO THE GOVERNMENT OR A COMPANY
 CASH
BANK ACCOUNT OR PAPER MONEY
 REAL ESTATE
 HOMES, APARTMENT, REIT’S, LAND
COMMODITIES
GOLD,SILVER, CRUDE OIL,CORN,CATTLE

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THINGS TO KNOW ABOUT THE BUYING A NEW CAR

THINGS TO KNOW ABOUT THE BUYING A NEW CAR

    INVEST IN SOME ASSETS. 
     

    MOST PEOPLE THINK JUST BECAUSE YOU HAVE MONEY, YOU NEED TO HAVE A CAR.


    INVEST IN SOME ASSETS THAT WILL MAKE YOU RICH ENOUGH TO BUY THE CAR 10X OVER.

    THAT’S WHY THE FINANCIALLY LITERATE DO WHEN THEY HAVE THE ABILITY TO.

    YOUR CAR’S VALUE WILL DECREASE BY 20% TO 30% BY THE END OF THE FIRST YEAR.

    INSTEAD, BUY A CAR THAT’S COMING OFF A 2 TO 3 YEARS LEASE.

    THESE ARE STILL NEW AND SHINY WITH LOW MILLAGE BUT COST 30% LESS.

    BE WISE WITH YOUR MONEY.