Thursday, March 26, 2009

Feeling Rich

Few days back I had gone to a bank alone for the first time in my life. My mom used to work in bank so it never happened that there was a need for me to go to the bank. I always used to think that commerce is the most boring stream. When I went inside the bank there was total chaos. It was very similar to a sabji market(i never go there also but we get to see tht at every railway station) only difference was that it was air conditioned and instead of sabji walis screaming there were employees in formals smiling at you. I just wanted to submit the cheque by filling a paying slip and even after hearing instructions from my mom many times i asked a confirmatory question to a lady besides me. That time i felt i must make myself aware of what is happening in this field. So while searching for books on this topic i came across this book called Rich Dad Poor Dad which really motivated me to become financially literate. I will love to share some things i read during this last month.

















99% of the wealth in this world is owned by just 1% people. So there has to be something that this people must be knowing that poor or middle class people are not aware of. Above diagram shows why rich people gets richer. They invest their money such that the money multiplies itself. They invest their money in creating their asset column. They don't work for money instead money works for them.


Financial literacy is very much important if you want to do business. Many people say they want to do business and for that they take a job in their area of expertise in which they wish to start their business. For eg someone who wants to write a book takes a job in some newspaper a reporter. But most of the times he/she ignore other skills which are necessary to publish his book. Those are selling skills. If your book becomes famous it will be called as the best selling book and not the best writing book. If you are willing to become a successful entrepreneur you must know atleast a little of accounts, share market, tax,sales so that no one can betray you.

One thing we should always keep in mind is that money is an illusion. If we run behind money misery will follow us but if we run behinf knowledge money will follow us. If you found some new theory dont directly critize first analyse it study it. So the most important thing is to be student and learn how things are happening around you and after learing things you should implement them in real life. Many people are master with the theory but they are too much afraid to take risks. There is a difference between being a broke and being a poor. Broke is temporary wheras poor is permanent.



And last but not the least is to believe that you can be rich. Behave like you are a rich. Apply the secret. Ask universe that i want to become rich. Believe that you are rich and feel good about being rich. Your dream will manifest itself in reality soon.



I am already feeling rich

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