finance with story

what is cash flow

2019-03-05T21:08:00.001+05:30

What is the cash flow?

What is the cash flow

Millions of people don’t know what is cash flow? And they never try to understand it thousands of companies always try to make their cash flow positive and they hire so many people to maintain their cash flow because if you don’t know about your cash flow then it will always bad for your financial profile doesn’t matter you have a business or you are a common family man.

when money comes to you and when it going out from you that process we can call cash flow, you can guess about income and all expenses of any person by looking at his cash flow and how many sources of income he has and how he is expending it, you can say this is the financial condition profile which every person need to know how he is doing.

When you write down 2 things on a paper first thing is all sources of your income and the second thing is all your expenses that call a budget and at the end when income is high then your cash flow is positive or if your expenses are high then your income in that condition your cash flow is negative that means your financial condition is not good, you need to do fewer expenses or make more income sources.

in any particular time periods like 6 months or 1 year, you have checked your cash flow, in any business or family your total incoming cash flow and your total outgoing cash flow expenses that means your incoming and outgoing movement is cash flow.

Types of cash flow

Positive cash flow – in positive cash flow your income higher them your expenses and that important for common people to multimillionaire businesses as well.

Negative cash flow – in negative cash flow your expenses higher than your income.

Break-even cash flow – in the break even cash flow your expenses and your income both are equal.

Importance of cash

Every person try to make his income higher than his expenses and those people who get success to make his income higher than his expenses they always feel good and they take less stress they feel positive as well.

you know that Positive cash flow means any business is generating more income than their expenses and that business make more profits for the others because they know they have positive cash flow and they can take risks that can help them in the future.

If you want to invest in and the company then you should know first that companies’ cash flow is positive or negative this method make you safe if you invest that kind of company which is not even making his company cash flow positive then how you can earn money from that company.

Cash flow statement

Cash flow statement is made with the financial statement in this statement bank and cash opening cash which is add in current incoming finance and all expenses in that year and less from that statement.

Definition

Opening balance of cash in hand and cash at bank +(add) cash generated from operational activates +(add) cash from other sources.

With this total, we need to less

-(less) all the operational expenses done during the financial year (less) all other expenses done during the financial year.

After all this process you will understand how your money is coming in and outgoing and where you are expending it always make write down your expense it helps you to know-how you are earning and how much you are losing.

best part time jobs in 2019

2019-03-04T18:46:00.003+05:30

best part-time jobs in 2019

best 20 part-time jobs

best part-time jobs 2019

Food corner

You can start any breakfast food corner and this is so amazing I have seen a lot of people who start it to generate extra income which they start it in earlier in the morning and them close it at 10 am after that they do their regular job.

I saw so many people how to start that with a very small budget but after some time they hire people who know how to cook and they start doing it full time and they opened many food corners on different places were so many corporate offices available and they earning in lacs monthly.

Food delivery

You can be the food delivery boy and you can do it after your office time because at dinner time so many people order food online and if you do daily at least 3 delivery then you can earn more than 120 rupees per day means 3600 rupees per month this is a big amount for who earn monthly 10 to 15 thousand rupees but You have to your own bike or scooter and driving licence.

Yoga instructor

You can offer classes or even a private lesson in your home or their place you can charge them as you want and if you trained 3 people then you can earn more than 5 thousand per month. You can do it online as well if you start your own website you can earn more than your permanent job.

Tour guide

If you are good in English or you know any other language as well then you can be a tourist guide and you can do it on your weekend and you can earn a good amount of money.

E-Books writer

If you are good at writing and you know any useful knowledge which is very useful for other people then you can write eBooks and publish it and earn when anyone buys it but you have to give value people then some buy your eBooks.

Affiliate marketer

Set up any website or blog or any social media page and promote your page get huge traffic and followers then you can do affiliate marketing their and earn good money this is quite a long process but if you do it regularly then after some months you can make money.

Designing work

If you are any types of designer like an interior designer, web designer, logo designer etc you do that work online as well and you can earn so much money online two plate forms are very famous for work online, upwork and Fiverr.

Copywriting

If you are a good copywriter then you can earn as much as you can if you can write good quotes and you are good at writing then you can earn so much money online.

Youtube channel

If can share you knowledge with people and that knowledge is useful for other people then you earn good money from your channel by ads or influencer promotions.

Sell photographs

You can take unique and attractive photos and you can upload it on stock photographer sites so that people can use or purchase them for their own purpose.

Gym trainer

If you have good knowledge about diet and exercise then you can be a trainer you can train people for and earn good enough money.

Portrait maker

If you are good at sketching or making portrait then you can work for others and you can do it in your free time on a daily basis you can earn so good money.

Video editor

If you are a good video editor then you can do so much work online and earn good money.

Graphic designer

If you are a graphic designer then you can get so much work online and earn so good money and every graphic the designer should do it and if don’t know graphics designing then you can hire a designer who knows it and you can earn money by becoming a mediator.

Social influencer

You can start any page on any social media and grow it when you have good followers then you can earn money by promoting companies.

And you sell something to your followers.

Rental income

If you have any extra rooms then you can give it on rent and earn money this is the easiest way of earning passive income.

Blogging

This is quite a tough way of earning money because blogging takes time to give you money if it will start giving money then it will after some your best source of earning money you just have to work on a niche.

Water filter service

If you know how to do water purifier service then you can earn do it in your weekends and earn 200 to 300 rupees per purifier and you can do 4 to 5 purifiers service easily a day.

Events

You can start doing work in event on you weekend they give cash payment and they provide you lunch or some of the pick, you and drop you at your home.

debit card

2019-03-03T12:25:00.002+05:30

debit card

debit card

In INDIA If you ever applied for debit card so the bank could give you three types of card RuPay Card, VISA, and Master Card and do you ever ask to the bank what is the difference between these three cards.

Why we need debit cards

When the bank starts people deposit their money in the bank and when they need to withdraw their money they need to visit the bank and cash their money but when bank customer base increased then people were facing a lot of problems to withdraw their money at that time the bank starts ATM card system but it wasn’t worked good because if you want to withdraw your money by ATM then you have to withdraw your money with same bank ATM you cannot get your money buy other bank ATM.

Then bank design debits cards but here also a problem if you want to go shopping then you need to visit ATM and withdraw your money then I can do shopping it becomes a long process for people and in another country also facing the same problems as well.

So two companies take the advantage of this problem and the first company name is VISA and the second company name is the master card they both think if anyone wants to do shopping or anyone want to transfer their money they facing the problem and it was a long process so then they become payment networks companies and become competitors to each other.

They created payment Network Company and they both tied-up with all bank in the world they get access in all bank and they sign the contract that they will provide the card no on every card and bank just mention payment network company logo on a card like VISA OR Master Card. now If you pay online in any country of the world visa and master the card is acceptable.

How it works

If you do any shopping and you use your debit card or credit card then automatically visa and master card company get the request for transfer, the money your account to shopkeeper account and they tie up with every bank and hence they know how many balance in your account because they had all access of every account if they feel your account has sufficient balance then they go to your account and debit the money and take it in their records and they transfer the money to where you using your card.

They both do the same process and they both are payment networks they are a mediator between your bank and who get the money with his bank now the problem is they both companies are from the US and they charge fees on every transaction.

if you pay by your card then they will deduct money from your account on the spot and lock it in their records but they take two days to transfer money because they take two days for all the process, they will make all day transfers bunch and send to the bank and they take over all the money from the bank after that they cut their process fees then they transfer money.

They both companies charge fees on every transaction and they both are from the US. Then NPCI national payment corporation of India they monitor all transactions of India made RuPay card and tie up with all banks.

Now we don’t need to use VISA or Master card and no need to pay fees to any transaction because now India has his own server and which fees we are paying to them now we pay it to NPCI and the important part we pay fewer fees as compare to visa and master card.

Indian promote his RUPAY CARD because now the Indian money process in India we don’t need to pay any other country company and when repaying card launched then VISA and Master card get the competition and they both visa and master card start ads for their companies visa campaigning for using their companies.

RuPay card visa or master card all these payment transferring way by so many mediums like swipes or online net banking or direct payment and you can withdraw your money from ATM in cash.

RuPay card lunch by Indian government and they forcing every bank to issue any debit card in RuPay card because it saves money and if you demand visa or master card then bank issue it for you.

How to make money in Real estate

2019-03-01T20:18:00.002+05:30

Real estate

One of the famous author Garry Keller says that you can do 4 things with your money.

1st category

First either you can kill you money, second you can keep it safe, third you can make your money healthy and fourth with the help of that money you can create more money.

Among these 4 categories maximum people do the first one meaning they kill their money before it grows up.

After getting their salary people start spending it they start buying many things some important and most not so important things and few even some money in the bank but saving money in the bank is similar to killing money for many people because,

Suppose if you get interested in your money around 4 to 5 percent then it will be around inflation rate only and as I shared in my intelligent investor video due to inflation money value gets decreases every year usually hence thinking money will be safe inside the bank or hiding money and keeping inside the house.

Or as per consumer mentality spending money on liabilities is not a good decision but it’s similar to kill money.

2nd category

They keep their money safe like they do fixed deposit and all where they get around 5 to 8 percent interests on yearly bases and if that return is less compare to the inflation rate then you will save your money in that year.

3rd category

In this category fewer people belong because they make their money healthy where their money increases 9 to 12 percent at the end of the year which is well above inflation and 4^th the category which is done very few people.

4th category

4^th category which is done very few people and do remember this few people are the ones who become millionaire they able to do it by keeping their money under wealth category meaning they invest their money in such a place where at the end of the year they get 13 to 20 percent interest in returns.

They are the actual investors and even your aim should be to come under the investor category by doing this 4^th the thing with your money.

If a question is arising in your mind like for investment money is required and I don’t have enough money from where I will get money etc.

Every self-made person start from somewhere at the start even they face the problem of having less money they earn less but the thing which makes them rich and successful is their mentality because people who have the capability to become rich has the investor mentality meaning whatever they earn they save it and later invest it.

Whereas people having consumer mentality spend everything just by thinking that they earn less & they will never able to save a lot of money which is needed for investment and this kind of thinking is the biggest problem for so many people.

Let’s think about the 4^th category and the best way to get into a 4^th category is doing estate investment see the land is something even big companies can never manufacture in their factories.

Earth and land is limited and it will go to remain same hopefully whereas on the other side human population and their dependability on land has exponentially increased so if you think as per simple supply and demand perspective then you will realize how important real estate is.

Trust me by doing an investment in real estate many people have become a millionaire and still many are becoming, so why can’t you? Anyone can become real estate millionaire but everyone will not do it so the very first question is, do you really want to get into the list of real estate millionaire.

If yes, then learn how to buy property, you need to know if you have your own house then you should invest in shops or any that kind of property where you can give your property on rent easily and you can generate a good amount of money without working anywhere.

Second thing you should know about that place where you want to buy property, is their price are high or low? then you have to know what is your budget and where you want to buy property, Always buy undeveloped property because there is a lot of chances you can buy it at a very low price.

If you heard about any property which is at a low price and in the good locality then you should buy it as soon as possible but after checked all the documents I have seen a lot of people who regret after sometime when some other people buy that property and you just thinking and thinking.

After listening about investing in real estate many people feel overwhelmed like what to buy? How to buy it? Whether the decision property will be right or not etc. Similarly, many such questions start arising in our minds which create doubt.

The first thing you need to be focused on the meaning you will create some criteria for yourself means which location property you want to buy or have an interest in which kind of property like weather residential, shop, or plot? What range of the property you want to buy?

Which you can give the highest return? Whether you want to buy alone or with a partner or with the help of any investor etc.

Prepare criteria for all such things that your focus doesn’t go to the things where there is no profits but stays where you can earn money and get profit preparing a criterion will be your opportunity filter which will allow you to understand the right opportunity and also helps you to take action.

You need to understand the financial part of the deal like at what terms you will close your deal is really very important if you get the right opportunity which fits under your criteria then you will come for terms, at what amount and price you want to buy that property and till where you can bargain and can buy if you buy property at a high rate then you may be facing the loss that can be the biggest risk for you that hence buy a deal on the right terms.

Don’t think that property rates will increase in the future and become market dependent instead buy a deal which remain benefits and profits since start means getting deal at less price compare to market rate.

You can create the best criteria’s only when you can understand your market very well and gain

knowledge about real estate and start making a connection with broker and other knowledge people for all these, your network should be the best the more you know useful people and brokers the more you will get the opportunity hence grow your network.

You will see 4 types of people in real estate first observer, second speculators, third owner, and fourth investor.

Observers are the people who always observe market they know when the market goes up and comes down but still they never take actions and always wait and look at things.

Speculators are once who are risk-takers, they love to take risks, and without much knowledge and the wisdom they just invest take the risk just by speculating.

Owners are those who love to buy things and like to own them they love to buy properties just for their emotional needs and for their interest.

But you should have invested the approach instead of having these three approaches,

Investors are those who have good qualities of all three approaches and doesn’t have any bad qualities of them meaning just like an observer investor has knowledge about important things but also takes action and investor are risk-takers but with proper understanding and with proper wisdom and don’t risk just because they enjoy it which almost gives them profits and they love to buy things but not to fulfill their emotional need but to understand their investment value and even you should become such an investor.

How to save money | saving money tips

2019-02-28T15:33:00.002+05:30

How to save money | Saving money Tips

how to save money
| saving money tips

How to save money | Saving money tips

I learn from my mother about how to save money because when I was a kid and my father business was suffering from a lot of depts. After some time we sold out our factory our gold almost everything to pay all debt. And suddenly we sifted in rent house from our own house and my father starts working again and at that time my father salary was not enough for living the good life we just passing our time with just lunch and dinner.

When my father gets a salary and my father give it to my mother she was first saved few hundred rupees after that she thinks about other expenses and no one knows about that money she saves every month just a little amount of money and she started investing in a small amount of money with her friends and she did the same thing regularly at least 2 years.

She made thousands of money and my father doesn’t even know about that. My mother was too smart she knows if she will not pay first herself and if she will think about save after all expenses then she cannot save anything that’s why she save first then do all expenses.

My father got an accident an the doctor told him to rest at least more than 2 year and doctors told him don’t do any heavy work and suddenly we lost everything me and my sister live at my grandmother house because of my family income they can't afford their children expenses at that time my family income was so poor in that kind of condition my mother use her savings to generate some income for the family.

When my father was made our own house at that time my mother show here saving and made 2 extra rooms at the roof for giving them on rent and suddenly my family income boost more than 30% but she was not happy with just two rooms on rent.

She always saves one room rent and one room rent use for family expenses and that saving period she never stopped because of she know that passive income is very important for every person.

Next year she starts building 2 more room by her savings and borrowed some money for generating more rental the income she pays that money which she borrowed in a few months and after 2 years she made more 4 rooms on the third floor for rent at that time we made 8 rooms on rent.

At that time our rental income which we can call passive income running my whole family basic expenses and my mother was saving money as well at that time me and my sister come to our home and start living with our parents and then I learn from my mother that way of making money.

If you want to learn how to save money then watch your mother how to see do it in her whole life because of every mother has something which she saves and we don’t know about it.

How to save money and Multiply it

Whenever you earn something always keep a part of that money pay yourself first and try to make more money by that money if you want to be rich you have invested your money and even invest you returns as well don’t feel it will not work on you this rule made many people millionaire.

Save at least you 10% of your salary doesn’t mean if it is less money something is better than nothing if you always think when I will earn more money then I will start saving money so you will not become anything because of your mindset will not give you permission to start saving.

Always think about creating wealth and your first coin of saving is your seed when you save regularly that will like you are giving water to your seed and as much earlier you will start saving as much earlier you can rest in your tree shadow.

If you save just 10% of your the salary I’m very sure it will not hard for anyone you just need to manage you expenses and do it regularly and when you will see you have a good amount now then you can start investing.

If you are a student then you can save so much of money like stop buying an unnecessary thing which is not important for you, less it junk food which is not good for your health also, do fewer parties and etc.

If you are a student and then invest your time if you have 2 to 3 hour then do some online work where you can earn some money and save that money that is the best part of every student because if they work online they will improve new skills and they can start investing earlier.

Before investing seek some advice from those people who are already rich or financially free not from your family and friends.

Always in starting of investing you need to invest a little amount of money and reinvest your returns because if you use your returns in your expenses that mean you are cutting you plant before being a tree.

When your investment start making money at that time to need to relax and wait for the right time to achieve the position which you want makes your money work for you.

Saving money and investing money is important for every person who wants to live his life financially free.

Teach your children about financial freedom because any school or college will not teach them to gift them personal finance book take them in seminars where they can learn about how to live financially free life earlier this is your responsibility.

Credit card charges

2019-02-27T10:50:00.001+05:30

Credit card charges

credit card

I will show you how to avoid losing money in credit cards....!

how to get the approval of a credit card? You can learn that by click here...!

Credit card charges

Let’s suppose you have a credit card and you get the credit card statement I will teach you to understand that credit card statement, when you get your credit card statement there are 3 main things to look at total charges, minimum charges, due date which means you have to pay you minimum charges before DUE DATE to avoid late fees.

Paying minimum charges avoid late fees only you will have to interest charges on rest of the amount and these interest charges will be added until you pay the complete bill.

I want to tell you credit have the highest rate of interest and it is so high that if you don’t pay you complete bill for next 4 to 5 month or keep on paying the only minimum amount you payable amount will be double because the minimum interest rate of credit cards is 36% and some credit card charge up to 48% annually.

See even if you take personal loan bank also charges you 16% - 18% of interest and here you have to pay double or triple of that on your credit card’s bill so, this is not wise leaving a single penny overdue.

Suppose your credit card bill is RS. 3000/- in your statement charge will be 300 – 400 an due date is let’s suppose 29 of that month till your last date, you would not get any extra charge if you pay the full amount before the due date you would not have to pay any financial charges this is what I do every month.

I pay the full amount of all my credit cards before the due date, in fact, I pay little more so that it can be adjusted in next the statement never leave any overdue on your credit card minimum charges can help in avoiding late fees only but you can’t avoid interest/finance charges.

There is another way to avoid these charges if your savings account & credit card are of the same bank you can set up auto-debit feature if you have net banking you can search auto-debit an option where you can set up your credit card payment on auto-debit it will deduct your complete payment automatically from your saving account now you can relax as it will be on auto mode.

If you have internet banking then you can visit your bank and sign up for this option even you can avail this in other banks too if your bank account is in standard chartered and your credit card is in ICICI even then you can fill ECS FORM for auto-debits you authorize that bank to pay credit card bill from your savings account uses this the option then you would have no worries of late payment charges.

If for any reason you don’t want to set up auto-debit suppose in some month you need some more days to pay the credit card bill and you can pay interest charges for these days or any Another reason you don’t want auto-debit.

you can write down your credit card’s due dates in excel sheet or on some paper and then you can put a reminder of those payments so that you can pay before the due date but always remember credit card interest rate is the highest and its payment is quite important & should be on priority pay other loans after credit cards payment

Credit card approval

2019-02-26T16:45:00.002+05:30

Credit card approval

Credit card

How to get credit card approval

If you are getting a salary above 25 – 30 thousand rupees per month and if you are working in a reputed the company then credit card’s approval is quite easy.

Credit card approval is difficult if you are not doing a job somewhere which means you are a student or housewife or you are on cash where your salary is not credited in your bank account or you don’t have proof that you have a regular income than the credit card approval I quit tough and blogger like me or people who are independent business owners, it gets even tougher for them.

Bank requires you to have a regular salary so that you are able to pay credit card bills bank’s priority is to lesser, the risk for that bank verifies your credits profile your bank balance your income tax return etc.

In INDIA there is an organisation CIBIL it analyses the financial data of every individual and allocates a SCORE for that and bank on the basis of that SCORE decides your eligibility for a credit card.

If you pay your loans in time your score goes up with that if you miss your EMI or delay your payments your score start going down if you don’t know your CIBIL score you can check out CIBIL’S website it is free once per year.

If you have a good CIBIL score then your credit card approval is easy you just have to open bank’s website apply for credit card and upload all the documentation they demand so the main the factor is your CIBIL score your credit history and your financial data bank checks all such things.

This was about the people who have stable financial data and has good CIBIL score but what about the rest of the people? If your monthly salary is less than 20 to 25 thousand then how you will get credit card approval? If your job is not stable then how you will get approval?

Bank then gives you an option that you can get a credit card against a fixed deposit bank requires some security and this fixed deposit server that purpose you will get interested in it like regular fixed deposit you just can’t withdraw it.

If your FD tenure is 2 years you can use the credit card for 2 years only when your FD gets matured you will have to surrender this credits card benefits of using this credit card is that you get your first credit card now you can well maintain that credit card you can improve your CIBIL score and based on that score you can apply for another credit card this is a wonderful HACK.

In which you get your first credits card against FD and using/repaying that card for at least 6 months you can make good credentials of yours and banks will check that this person has the good re-payment record so another card can be given to this person.

Let’s suppose your 1^st credit card is from ICICI and for 2^nd you applied in HDFC bank now for HDFC credit card, you won’t have to go for FD because there’s an option that you can apply on the behalf of old credit card till now we Have discussed that if you have a job or your credit score is good then credits card approval is easier or if you have fixed deposits then you can get a credit card but there is an option in between where you have a salary but a threshold level.

Let’s say credit card companies require 6 lacs of annual income but your annual income is 5 lacs. That means it is just below the minimum criteria every card has different criteria but you can still apply for that credit card because companies accept some exceptions.

You can fill your exact income details and their guy comes to get that applied then you can give his a statement that this is my actual income but I have all the documents and I have another credit card based in different parameters they can approve your credits card income is not the only parameters.

If your income is a little less but your SCORE is good if your income is low but your relationship with the bank is old and good you have a saving account or some investments So companies approve on the basis of multiple factors don’t afraid of applying for a credit card.

Apply once after applying when the bank’s official will come to you discuss your income and other documents he can also guide you that by giving 1 to 2 extra document s you can get the approval.

So I hope that these tips will help you in getting credit card approval.

Time management

2019-02-25T14:54:00.001+05:30

Time management

Read this carefully and I promise it will blow your mind and you will never waste your time and you will live your life with time management

24985 imagine if you have given 24 thousand 9 hundred and 85 rupees the time you were born and while giving that money if you were said that only that much amount you will for your entire life and you have to spend your entire life with that amount of money no extra penny will be given.

you will have only 24 thousand 9 hundred 85 rupees for eating food having family etc you have to do every single thing with that money has to spend entire life by spending money from that amount so what you think is this amount less or more for your entire life.

Suppose if this happens in reality then you have you be so careful and precise with your expenses well in reality an average person get this number not in money but in the thing which is more important than money.

As per the Indian report, our average life at today time is 68.45 years which we convert in days then it would be 24 thousand 9 hundred and 85 days means we have only these many days to do everything.

We have only these many days to eat, drink, to travel to make family to fulfill our dreams etc we have to do everything in just these days having 24 thousand 9 hundred and 85 days isn’t a big problem but the actual problem is we waste hell lot of days from these given days.

A survey shows that we waste 9000 days in doing useless activities which are more than 40% time of our lives, therefore, today I will give a great book summary on the most valuable thing our lives and that valuable thing is how not to waste time.

I will teach you 4 basic steps and principle by following that you will learn to make the best use of your time and also make to achieve your goals.

If you ask maximum people whether they are good at making strategies or at executing it then you will find maximum people who are good at executing they must have seen many youtube videos related to their goals they will have lots of business knowledge but the thing in which they will lack that would be execution.

Means they lack at taking actions for completing their goals so if you want to be different from others want to achieve goals and want to be successful then please focus on execution and to focus on it the thing which will help is 4DX.

Means the 4 discipline of execution

After so many surveys on more than 2 lakh business leaders that why they fail to take action for their ideas why are not they fulfilling their goals then through it they came to know that the one thing which doesn’t allow them to complete their work is whirlwind.

A whirlwind of small daily work whirlwind of procrastination and time pass which eats their entire day but doesn’t allow them to finish any important work means a whirlwind of social media’s notifications whirlwind of friends meeting whirlwind of all small work etc.

You should make a system for executing your work so that you can fight with that whirlwind and the system which will help you to fight with it is known as 4DX.

The first discipline of 4DX out of 4 is: no. 1 WIG (focus on)

Imagine if you work as an airport ATC means air traffic controller where continuously many flights take off and land at any time if you ask passengers then obviously the most important plane for them will be there’s at any time.

means then all planes will be important but for you the person who controls the entire traffic fir him the most important the wildly important plane will be the only one plane and that one plane will the plane who would be landing at the airport.

At any time your full focus will be on that one plane which would be landing which then helps you to control the entire traffic similarly if you want to full control of your life then even you should keep your full focus on one wildly important goal means to focus on the wig.

Means work which comes under to radar complete only that work which completes your goal

Statement from X to Y by Z

Example: I want to increase my salary from 30k to 60K that too before 2020 and to make this goal statement possible ask a question to yourself that what will be that one work if you do it now then it will move you closer to your XYZ goal statement just identify that work and complete that work before anything and work on it daily.

In a lecture, once Steve jobs were sharing some wisdom with college students in that lecture he shares one very important thing he said that today Apple has become billion dollars the company but if you keep our all products in one table still that table won’t run out of space on the apple he had money resources everything but still they focused mainly on a few products.

They invested all their energy on that product they work to make the best this is one of the reasons for their company’s success hence work on wildly important goals wildly important goal shouldn’t be more than 2 at any time,

Lead actions & lag results

Suppose your goal is to double your current income now to achieve this goal you start working hard you search clients apart from your jobs, so that you can get extra work and can increase your income.

At starting you try hard buy till the end of a month you don’t see much progress in your income by the result you get disappointed and then quite by saying that you don’t need an extra income now this same thing happens to many people they take actions but don’t see results.

Experts say that this happens because we don’t understand the thing known as lag results lead actions no matter what work you do and how much nicely you do it, you will get a lag the time between after action and before results means a straight line in a graph, where you won’t see any result.

Now for few this lag time is more and for it is less there for experts say that please don’t measures lag results but measure lead actions daily.

Example : instead of measuring how much income is increasing every month or daily means lag results.

You should measure lead actions that how many lead actions you have increased in order to increase income.

Example: how many clients did you talk to one two or many and next day increase the number of lead action talk to more clients compare to previous day always improve and increase your lead actions.

Suppose you have a youtube channel and you want to increase your subscribers then don’t measure how many subscribers you have gained instead, measure how many videos you are uploading weekly means measure that the thing which you can improve or influence because when you do this way without giving up then for sure your results will improve slowly gradually hence chapter 2 is of focusing on lag results be more focused on lead actions.

3. Put scoreboard

Suppose it’s a holiday and you decide with your friends that today you will play cricket then you all make a team and starts playing but after 1 or 2 hours you notice that with time their interest is fading why? Because you all didn’t count score you have no idea how many run the other team has made.

You all didn’t have an idea of how many runs or wicket you will need to win, you will be just playing with no scoreboard now imagine instead of playing that way if you will have maintained scoreboard and after playing for 1 to 2 hours you would have known that your team needs 10 runs in 1 over and only wickets are left so what do you think even with this both teams would be getting bored.

Obviously no, they would be full of energy and their interest would have gone to another level and they would have played more even if they we're running out of energy well keeping scoreboard has the same power.

People play differently when they know what their score is because with this their will to win increase and when people will win improves then automatically their execution also improves hence it is important for you to check your score frequently.

This you can do by maintaining a journal or by preparing the scoreboard at school or at home now usually you should write three things on scoreboard.

First - You wig

Second - Leg results

Third - Lead actions

Example: suppose you the wig is increasing your salary from 30 to 60 that too within a year and lag is how many projects you are getting to work on and lead is your number of clients to whom you are connecting.

Now after deciding your wig when you measure your lead actions daily and increase it daily then keeping score will make you feel that you are winning and when you see your lag results improving then this thing will increase your motivation and execution.

4 Cadence of accountability

People keep more commitment to work on their idea compare to the other work they are asked to do hence 4^th discipline teaches us to create a rhythm of giving accountability.

Means meet your team at least once in a week or daily or meet a person to whom you can give accountability of your work and a person gives accountability to his/her work to you, so small session or weekly.

Where you can give an answer to these three questions?

1. Did you finish the work which you committed last week?

2. Did your commitments bring progress in scoreboard?

3. What all commitments you will make this week?

Usually in these one or two work will come which will be the wildly important work which will help you the most to increase your scoreboard.

Trust me if you do this simple things making rhythm and habit then this one thing will help you to fulfill your goals

Always focus on THAT, can you save your time by Time Management and How you gonna use it

How to Make money online

2019-02-24T14:54:00.001+05:30

How to Make money online

How to Make money online

I will share some interesting facts related to earning money and jobs it’s important for you and you need to know that as per the 2018 September article around 31 million people are jobless in India but truth is the number of jobless people must be more than 31 million because after 2016 the government has stopped the labour bureau survey because it reveals the unemployment population.

In India 12.5% of people are below the poverty line fails to earn 130 rupees a day however maximum population means 67% family income is not more than 10 thousand a month Forbes magazine has shown in a report that almost 90% of people all around the world are not engaged in their jobs means they don’t love their jobs they don’t have passion for their jobs.

People do the job just to earn money and not for any things else in facts in Asian countries 94% of people feel stress instead of excitement to go to a job on Monday’s, in fact in India more than 54% of people every years think changing their job and they change as well because of such reasons every year in Asian countries rate of suicides, burnouts and stress and increasing.

Now after all these facts two important points which you should understand is

first. There are lacks of jobs availability especially in India

Second. Those who have jobs they are not happy in their lives because they do a lot in very less salary they don’t get as much they truly deserve therefore in today book summary video I will share a few very important and useful knowledge and information.

I will share how you can stay away from those two big problems by earning online.

Passion vs. Profits

If we make passion and profits the graph then almost everyone will come in one of these 4 quadrants

Let’s first talk about quadrant 2; job doers will come in this quadrant they usually don’t have love or passion for the work which they actually do but still they are forced to do a lot of work for very less (small amount) salary which they get every month means nor they work on their passion, nor they earn good money.

Third quadrant; here starving artists will come means people who are working on their passion but they usually, don’t earn money and most of the time stay bankrupt exact opposite of quadrant three is,

quadrant one; in quadrant one those people will come who earn a lot by doing a big job, where they will be a doctor, banker, lawyer or any big professions but still they never stay happy in their lives because they don’t get a chance to do what they truly loved and last,

4^th quadrant; here click millionaires will come means people who live their lives as per their terms and condition they do a job which they truly love and has passion for it and along with it, they earn a lot of money as well even your aim should be to come under this quadrant.

Now to come under quadrant 4, they very first thing on which you should work is “your time using mentality”

Example: suppose there are two boys who have completed their graduation but still they are jobless, the only thing which they have is the internet.

Now the first boy do time pass the whole day because he doesn’t have a job so he plays pubG watch tik-tok, sometimes go out for a job search, also gives interviews but still fails to get a job however what second boy does instead of doing time pass the whole day when utilities that time to learn few new skills every day which he came to know through the internet that few skills are in demand and it can be an added advantage for him to get a JOB and he used to learn that skill every day and along with it he used to read a book for a few minutes.

He used to play pubG as well he also used to have fun but after one month when he moved out to search for a job he finally gets a job why? Because he has improved his knowledge by reading a book and also improved his communication skill plus the skill which he had learned was also helped him to get a job.

Similarly, if you want to be click millionaire want to earn money online then the very first step is to have such mentality – time using mentality.

Online expert

You must have at least some knowledge or wisdom in any field which can be valuable for someone else but the biggest problem before the internet was earlier it was hard to get those right people the people who actually had the knowledge and information which they actually needed but today things are not the same.

Today when you have knowledge then you can easily share it with others and can also earn money through it but to earn money it is important for you to be known as an expert of that field.

Before the internet only those people were known as an expert who either has a degree in a particular field or who has great networking but things have changed after the internet and social media.

Example, today when you search anything related to bodybuilding then you will get many websites and videos which will share information related to bodybuilding because of which slowly and gradually maximum people start knowing them as an expert in a bodybuilding field whether they have a degree or not it won’t matter much after which that a person can easily earn money through that field that why you should become an expert in the field which you love.

You should have a lot of knowledge and information related to that field and with the help of internet shares it with people by creating your own brand.

Keep working

Don’t think that if you don’t have a job then you are useless when you cross-age 15 start learning skills it can be anything where you have an interest and in the future job will decrease day by the day then you have to start work online so better is start it earlier as soon as possible and no need to depend on the job.

How to earn online

If you want to earn money online then you have made you strong community search few people and solve their problems give solution instead of just focusing on the product focus on more people because if you get people who are instead in listing to you then by understanding their problems you can sell many product and service to them and can earn a lot of money like a lot of people making.

how to become successful

2019-02-23T18:41:00.000+05:30

how to become successful

If I ask you what is that one thing which is not allowing you to go ahead in life or stopping you from being a great personality or not allowing you to achieve your goals or become successful and because of which you are unable to live your dream life which you want to live.

Now many of us will answer this question somewhat like this I am unable to become great because of the lack opportunities or lack of time or maybe I don’t possess the required talent and me have a lot of miseries and obstacles in my life etc.

Means they will start considering all the negative aspects which are as per them the main reason for not allowing them to excel in your life, to be frank, this is mostly not true as per author, the truth is the wall between you and the life you are dreaming for are actually not the bad things they are in fact, the good things who has made you more comfortable in your situation because of which you have settled to that Position for example.

We do not get up early to do exercise because it feels good to sleep extra we do not eat healthy food because we are comfortable in having unhealthy or junk food and we feel it's ok if we eat junk food because everyone does the same.

We are so comfortable with our regular life and routine job life that we do not make an effort to make it greater to take any action being comfortable is the biggest problem and because of which our country and unable to become great.

Now a day we do not have any great schools we do not have great transport facilities because everyone is comfortable with good or not so good transport facilities if there are potholes everyone is OK with it if roads are not proper everyone is OK it doesn’t matter because we don’t have to travel on a regular basis so it's OK if transport facilities are not good and this how we become comfortable for every worst thing as well and this is really the biggest problem.

Which helps us to become great from just being good?

Five level leader

Many people believe that leadership quality is required only for business purpose but that’s not true you all are the leader of your life you can make your life successful to the degree you can lead your life hence if you want to make your life great then keep leadership quality in you and that do the leadership quality of level 5 before telling you to want level 5 is I will tell you about the people at level 1 to level 4.

Level 1. Has people who have special skills who are knowledgeable and productive too.

Level 2. People are those who work as a team and give their contribution to achieving a team goal.

Level 3. People are those manager type people who with the help of others and available resource achieve objectives.

Level 4. People are effective leaders it falls among the biggest leader who achieves the company’s visions and goals with their best performance

And the last is the level 5 leadership in these leaders have mostly all 1^st 4 levels of capabilities but they also, have 2 more important factors apart from these 4 levels which helps them to reach level 5 of leadership.

1^st is humility and the second one is most of thinking it’s the opposite of the 1^st one which is having a strong personal will.

Many movies or stories shows that the leaders are always those here type or having a rocking personality but it's not true many big companies who have become from good to great has leaders who are calm and composed and talk less but they all had one thing common.

They have a lot of humility which means they do not have pride in their work and about themselves they always respect and help others and they don’t allow their egos to dominate themselves.

They take full responsibility of the failure instead of blaming others they give success credit to the entire team and not him and they are always ready to learn new things they never used to think that they knew everything this kind of humility was there within them.

2^nd thing is that they have a strong personal will which means they are very determined to achieve their goals because of the humility characteristics they appear very weak to others but it's not true instead they are very gutsy they have a lot of strength because of which they are always to take tough decisions to achieve their goals.

The opposite but the most the important quality combination is required to be in you to become great.

2. First who they want?

Those who are great of you give them a bus and ask them to take people at some destination for this they will not decide where they need to go and later allow every individual to get inside the bus and take them to the destination no they will not do that great people first allow people to sit in the seat and removed bad people out of that bus and after making every good person sit in their proper sit in their proper sits.

They together decide with each other’s help where exactly they can go through this example I want to explain how important nice and good people are in our lives and in order to make any business successful because the fact is no matter how good your idea, the plan is if you get people in your business then the chances of making your business successful become very less that’s why be more attentive towards good people and try to move ahead with them and remove bad people from your life if you want your business to work and move ahead smoothly.

3. Confront brutal fact but have faith

Peter theil had explained definite optimism concept in his book zero to the one you must be aware optimistic a person are those who see things positively whereas pessimist people see things negatively for this, you must be aware of a very common example of a glass of water, if you see glass half-filled hen you are optimistic and if you see glass half empty then you are a pessimist.

Now peter theil had gone one step ahead here he had explained that there are two types for optimist and pessimist, they are a definite pessimist and indefinite pessimist and for optimism it definite and indefinite optimist.

Now id I explain this with an example

Suppose if you say that our country can never develop and we always going to lack behind then we are indefinite pessimist and if you say that because of our country communism and the corruption we can’t develop and we will always lack behind then you are definite pessimist means if you say without knowing facts and logic's then you are an indefinite pessimist but if you saying by knowing the facts and logic's then you are a definite pessimist.

These were the example for pessimist but if you say that yes my country will develop with 1 or 2 years then you are indefinite optimist you.

You are trying to be positive without knowing facts and logic's but if you say that our country will develop if we end ignorance and communism and try to finish corruption and which we will end then this will be definite optimist you are talking by considering facts and logic.

This how we all should be definite optimist and through this book author us to not forget about facts figures are realistic and try to understand about problem and keep a faith hope that yes problem exists but we will solve it and handle it positively.

Just by keeping facts and logic's in mind along with faith with two combinations we can become great.

how to make money

2019-02-22T13:36:00.001+05:30

how to make money

ways to make money

Many people always think about the best ways to make money but they can’t find those ways but today I will you the best ways to make money.

Suppose there are two men one is ram and the other one is Robert, ram works in a big multi-million company where he earned 12 lakh of rupees in a year, and on another side, Robert has started an online business he is earning 6 lakh in a year now if I ask you who is the richer between these two so almost every person will say ram is richer than Robert because ram salary is almost double in comparison to Robert's salary.

To some extent this answer is correct, till the time we compare their absolute income but in reality, the world is relative, not absolute so now we will compare their relative income.

Ram works 80 hours in a week whereas Robert works only 20 hours in a week according to this if we calculate ram gets 288 rupees per hour whereas Robert gets 576.5 rupees per hour so now think who is earning more our time is the most precious thing so if we relate time and money then Robert is richer because Robert works 60 hours lesser then ram.

He can do many other things in those 60 hours in a week like he can learn new things can improve his business skills and can expand his business and can increase his income.

He can give time to himself his family friends and can give attention to his health because of which his life can be happier and positive on the other side doing these things could be very difficult for ram because he does not have that much time not only this but also a concept is known as arbitrage

Make this comparison more interesting because ram works in a big company which is located in an expensive the city where he has to travel so it is necessary for him to stay near his company’s location on the other side Robert does an online business so he can almost work from anywhere in the world where it requires only a laptop and the internet.

Ram has to go five to six times a week in the office it cost a lot of travelling food and house rent or maintenance expenses to him because he lives in an expensive city so even after earning more he cannot save much but on another side, Robert has an online the business he can travel the world and can work at the same time, in fact, he can earn in dollars and spend in pesos (stay in the Philippines).

Which makes everything cheap for him now if I do a comparison ram can go to a big restaurant and can have his proper meal just once with that same amount Robert can go to restaurant 6 times and have a proper meal and because of all this his expenses are less and his saving is more geo arbitrage means leveraging the economic difference between market to generate higher returns which are possible only for Robert but not for ram.

Now the important question arises just like Robert is it possible for us to spend less time and earn more money so the answer for this is yes it’s absolutely possible even you can do this by making

Your income automated which you can learn by my blogs but could explain you this in short first active income for earning it we always need to be active means if we do not work we will not earn or will not get money.

For example; doing a job or having own shop managing single handily.

Second passive income where it is not necessary to work to get money even if you have to work then it will not be for more time.

For example; renting shop so that you can get its rent so you can get monthly income without doing anything or start an online work like blogging, youtube channel where you can earn money by uploading articles or videos.

There are many ways of earning automated income by the use of the internet but the most popular three ways are first by making own product or content, second by licensing the product or idea and the third one is reselling things.

Among these three the simplest the way is the reselling suppose you want to become a reseller than at first you have to purchase some product in order to sell it you can buy from any a wholesale website like Alibaba or from any website/any source as per your knowledge from where you can buy at a lesser price.

Then you can resell it same way as you have purchased or by doing some changes by making it more better like doing painting on it then you can sell the final product with profit the margin on your website which you have made.

If that’s not possible you can sell it to Amazon, Flipkart websites by becoming the seller obviously this idea will not be as easy as it sounds, however, you have to learn many things before its execution but if you learn everything at once easily and learn how to outsourced work by doing all this you can earn a lot of automated income.

Be effective, not efficient

Elimination

if you want to get best results out of your work at a lesser time then you must know what all selective work you must do and most important you should know what you are not supposed to do, to understand this more properly the 80-20 principle gets highlighted here 80-20 principle means the maximum results which you get it from less work infect you will get 80% of your results just by your 20% work.

So you must know what that 20% works are. So that you can entirely focus and concentrate on that 20% work and can eliminate the remaining 80% work.

Outsourcing

As a child looking at rich people I use to think that they hire other people for every small work like keeping driving for household work they hire servants so I use to think they do all this for show off or maybe they must be very lazy but later on, I have realised how wrong.

I was usually rich mentality people hire servants to save their time not to show off because they know the value and importance of time they know the more time they spend on driving and other small work the same time they can utilise by doing other important and useful work from which he can earn more money than all servants salary at once.

Even you have to do the work which can be done by only you in which you are the expert and rest work can be outsourced to others

bank

2019-02-21T17:09:00.000+05:30

banks

how a bank works

We all heard that it is said that money does not grow on trees but the truth is modern bank system is creating money faster than the tree. Most of the people have no idea how currency has been creating nowadays.

In this article, I will share how currencies have been created nowadays and also about the human history biggest fraud which is done to all of us.

Excluding some countries almost in every country currencies are created in the same way but the most dominating and the maximum currency is a dollar.

So I will explain this scam by taking America as an example, and do remember that this system is made complicated deliberately so that we couldn’t understand it properly so if you do not understand it at once then don’t worry because even for me it was complicated at first to understand.

I will explain this system by dividing it into 6 parts

So if you find it difficult in any part then go through it again.

Government creates I.O.U

Everything starts from the time of election when a politician makes false promises related to money that I will do this that make things free for you and etc. by listening to the people gets overwhelmed and happy and vote for that candidate and he won the election.

However, nothing is for free in this world even the government has the need for money to fulfil the promises which they had made during the election because they vote to spend more than the countries income which they know as deficit spending and for this extra expenses country treasury borrow money from the bank by issuing a bond.

Now what exactly a bond is?

Bond is nothing but a glorified IOU If I say in simple word IOU is nothing but a simple paper in which it has written you lend me a billion dollars and I will return this amount in 10 years with interest and these bonds are the country’s dept which is known as the national debt.

Now the important and interesting question arises who pays these debts?

Answer for this is we all pay this national debt?

Means WE, our parents and our future generation will pay all this debt will pay the national debt by paying the taxes when the government makes a bond we can say that to make our present little good they spoil our future.

Swapping IOU’S and creating money

The procedure of borrowing money for the government is like at start treasury makes a bond then treasury keeps the bond for an auction where the world’s biggest bank bids and one bank will buy that bond by giving money to the treasury, the bank knows that deal is profitable that why they buy a bond happily.

After this bank goes to Federal Reserve Bank, federal reserve makes a cheque in order to purchase that bond from the bank by which the bank gets the profits, here this cheque is nothing but an IOU.

Now the most important thing is actually federal reserve doesn’t have any money, in fact, they have zero amount in their account but when they make the cheque automatically amount has also been created and comes in the system means when federal reserve writes a cheque they just create money by writing just like a magic trick.

After which bank gets the cheque and money gets printed and banking receives the money now bank with this money again but bonds from government and this cycle get repeated again and again, here treasury and federal reserve make a deal with each other by keeping bank as a middle man who gets a commission at every step by which they become rich and on the other side the country and normal people become poor due to the national debt.

One more thing, this is the process from were all paper currencies came into existence and come in the market government calls it base money but actually it is just a currency, there is a lot of difference between money and the currency.

The government spends these numbers

After getting the money from the bank treasury gives that money to the government. Government spend that amount on deficit spending like in public work for programmers and for wars from where it goes to government employees, contractors and to soldiers again all will deposit their money in any bank and one important thing after listening maybe it will give a shock to you.

When you deposit money in the bank you don’t give money to the bank to save it or to protect it but in reality you lend your money to the bank by this they can do many things legally such as can do gambling on stocks market or can give money to another person from where they can earn profit etc.

Bank multiply the money

This is a very important part so do read to it very carefully now a day almost every bank work on the fractional reserve principle means if I explain this on the bases of 10% reserve ratio when you deposit your 100$ dollar in a bank legally then the bank can keep 10% of the amount from the money which you have deposited and remaining 90 dollar back can give to any person as a loan legally without your approval without informing you.

Here the bank keeps only 10 dollar with them so that if you require it at any point they can give it to you they call it to vault cash now when a bank uses your 90 dollars and has only 10 with them then how can 100 dollars can be seen on your account?

This happens because of the bank keeps that 90 dollars by making its IOU. IOU is nothing but a simple written number which is type and saved by banks in computer and this is not the actual paper currency but somehow it becomes the actual one because of which 190$ dollar come into existence in the world instead of 100.

100 which is yours and 90 dollars which they have given to someone else as a loan which was yours but now has become bank amount as well by doing this bank earn 90 dollar profit and also earns the interest not only this but many things happen further after taking loan.

what are the possible things a person can do usually, loans are taken for the house car or anything which a person wants to buy so according to this example if I say that 90 dollars will reach to another person’s hand and what will that person do again that person will deposit that amount in a bank.

From that 90 dollar again bank will keep only 10% with them and will lend 90% to another person because of which total 270 dollar gets to create in the bank and this cycle keeps on repeating again and again and the end result for this because of your deposited 100 dollars, a total of 1000 dollar bank credit come into existence in the world.

I am telling all this only on the bases of 10% ratio, however, the bank has its own ratios some works on 5% ratio and some even work on the 0% ratio and create a lot of currency.

The bank is placed from where the country’s maximum currency has been creating and comes into existence in fact 92 to 96 per cent of currencies are created because of this system which is made by the bank just by typing it.

Now if you must have thinking why does it matter?

My amount is in them which is safe and I can withdraw whenever I want or whenever I need so let me tell you because of all this currency supply increases in the market because of which the value of money which you have earned with your hard work and with all your efforts decreases and thing become more expensive the reason behind the inflation is the increase in currency in the market.

One more thing we all think that our money is saved in the bank and we can withdraw whenever we need and use it but it's not true if we all or only 30 per cent people go and ask for their money withdrawal bank wouldn’t be able to give the entire amount to us because the bank doesn’t have our entire amount with them because of fractional reserve system.

This is our entire monetary a system which is nothing but a big scam where the money is just created by writing on the cheque as an IOU medium or maximum just by typing on the computer.

Systems which are nothing but a supply of numbers some are created by just printing and maximum are formed by typing.

Our number is taxed

Now if you are thinking this the worst thing which is happening with us then get ready to become more stupid why? Because we work for those few numbers with all our hard work and with full efforts and then save it by striving (with struggle and with efforts) so that the government can take the large part of it and can clear all their debts with the interest which they have taken from the bank.

Most of the taxes are not taken for schools or for development purpose instead taxes are used to clear all the debts which the government has taken.

Now you think about how many taxes we pay during our lifetime so many different taxes. In which maximum amount goes to the owner of this system and it’s a secret who actually is the owner of this system which I will explain further.

USA founding fathers already had an intuition regarding the danger of central banking and fiat currency.

They fought for it and to protect others from this danger in future they had written in the constitution that only gold and silver can be the actual money only the reason was that people cannot create it as much as they want as time passed people gave less importance to it and we all got trapped in his system.

Today’s system is not only unconstitutional but also a big fraud and theft which is stealing our liberty and prosperity and reducing our purchasing power due to inflation which is nothing but the result of our system.

Owner of the federal system

This system is beneficial for those who are creating the currency and those who receive first because of they can use that currency much before the effect falls on the economy.

Now comes another secret Federal Reserve is not federal actually meaning it is not government controlled it is a private corporation which has stockholders who own it who gets the 6 per cent dividend and who all are the actual owner of it? Has been kept as a secret but these owners are the people from the big bank who receives and gets profits at every step.

inflation

2019-02-20T15:37:00.000+05:30

inflation

inflation

We all know that in our country most people are facing the problem of money but we should know that first every country in this world facing the problem of money. We all know that inflation is growing very fast every year and we don’t know what to do?

In future inflation going to touch the sky and normal people can’t even afford the good food we all know that rich are becoming more rich and poor are becoming poorer but you don’t know that why is happening and we never think about to understand why inflation growing day by day.

Today I will tell you about money, world economy any many secrets which will help you to beat inflation and these secrets are very important to know everyone.

The reality of money and currency

True wealth of humans is his time and his freedom, this wealth is robbing very easily and legally and if you are thinking about how it is possible then you have to know the first history of money.

Most of the people know in starting of transactions humans use a barter system where if we exchange thing with another thing like if you want milk then you will give another thing which is equal in value with the milk.

Sometimes humans face many complications because we can exchange cock with rich but how we can exchange Buffalo with rich that why this plan was not run so long but people know that gold is a valuable thing for us that’s why people made gold and silver coin as money and start their transactions but it was difficult some time to carry many silver and gold coins due to holding more gold while travelling was the matter of concern because of its weight and they were afraid of theft as well.

Some goldsmith and other people thought of business opportunity in it, so they came up with a solution they told, to give their gold to them they will keep it safe and in return they just need some amount of fees.

Most of the people like it so most of the people gave their gold and silver to them (Goldsmith) in return goldsmiths give them the IOU which was just a piece of paper in which it was written, that I have your gold, how much gram it is. Basically in simple words it was a receipt of gold which you gave it to them (goldsmith).

When you want your gold you will show that you can take your gold back this system was working properly but after someone goldsmith realize something weird after making the system, most of the people are not coming to take their gold back and all were doing their business by using that IOU receipt because all were sure if there is the receipt, mean gold is also safe

After realizing this thing, the goldsmith become greedy and they start working in the wrong ways because that receipt has become the money that why they started making more receipt even when they don’t have that much gold with them and started giving that receipt to the poor people on loan and started earning interest on that loan receipt.

This way, they printed making receipt as per their will and they were earned a lot of money by taking others time freedom and hard work this way the world’s largest theft began.

The shop which was protecting gold was the world’s first bank and the receipt was the world’s first currency.

Globally, today we all are living in such a big financial crisis because of the reason for this is we do not know the difference between money and the currency, most of the people think, that both money and the currencies are one and the same but that’s not true.

Currency is a medium of the exchange which you can carry anywhere easily which will not get spoiled easily which is portable, divisible, durable and fungible too which means if you have 100 rupees note with you is similar to my 100 rupees note and it can be used to purchase the same thing this is the currency.

Even money has all these properties like even money is portable, durable and fungible but the thing which makes money different from currency that is money stores some value inside it which stays for many years and because of which its purchasing power remains.

Example

In former times where fiat currency used to work it has no value today but the value of gold and silver which is the form of money still works which had value before 1000 and 1000 years as well,

Whereas fiat currency is just a piece of paper which can be printed as many as government and bank wants because of which its value can be changed after some time as we can see from the ancient time but gold and silver value has remained the same from 5 thousand years and they are the actual money and no one can print them as much as they want by any machine.

Government and bank can print money as much they want that’s why most of the time due to greed or any other reasons the government prints a lot of currency and brings it in the market and the quantity of the currency increase in the market.

Now you must have thinking that what’s the issue more currency means more money in the market which is good then you are thinking wrong because of the reason and definition of increase dearness is the more supply of currency.

The more currency increases the more the price of the gold (commodity) increase.

Example

Suppose there is a pool instead it is the pool of currency and inside it there is a sponge which is the price of the gold (commodity), so what is happen as currency increase the price of goods soak it and also increase along with it.

The game of fiat currency is working because of the bank confidence and because of our lack of knowledge. However, the bank doesn’t hide anything instead they say it on our face about the fiat currency which means it has no gold behind it but still we do not understand and take the receipt and protect it more than our life.

Whereas its value is reducing and will reduce more due to inflation so to conclude what we should do,

At first, learn this topic more and understand it more properly and share this knowledge as much as possible and educate them it has been said that the secrets which I have shared with you all and will share more in the coming blogs were understand by 1 person out of 1 lac.

That why we are still the slave of this system and couldn’t do anything to change it but today’s world is dominated by social media and internet we can spread this knowledge.

Instead of job think about business try to become rich not for you but for others for the sake of the country betterment because after doing business you can find the loopholes and can fight for it not by doing a job.

Do some invest in silver and gold they are the actual money and will keep the purchasing power for long and the government cannot print it as per their will and cannot stop it overnight

job vs business

2019-02-19T13:00:00.001+05:30

job vs business

If you think you have done MBA or any other degree or you have done any other course and you think your job will make you financially free and make you rich so my friend you are living in the wrong world.

Now a day’s only government job person can say that this job his last and forever job.

Most of the people are generating their income from a job and most of the people only think about their salary increment they never think about they are not doing government job his the company fired him or her any time with any reason.

Many companies fired them thousands of employs due to losses and if you have a job which is the only source of your income and you are in these thousands of people then what will you do.

There is a fear of artificial intelligence taking away your job from you. Your company may be getting bankrupt like kingfisher airline, or you could be stuck in a job without getting a promotion for a long time.

If you are working in any private company and you are earning 50k per month after promotion you might get a rise of 10% or a maximum of 20% I am very sure you must have worked really hard and you make yourself like a salve for the company.

After all these you just increase on an average 12% and this year inflation increase 4% that you just grow in one year 8% and as your salary increase your expenses are automatically increase.

That means your annual growth is very low you just cross the inflation but if you lose your job how do you manage your expenses.

Make multiple assets

If you want to live better and stress-free life then you have to work hard save and invest money and the most important you have to generate few assets which will give regular income without working anything.

That means if you don’t have a job then you don’t need to worry about money but for that, you have to start invest smartly and make few side business where you just need to invest your time on a daily basis.

You can start working any an online business which may give you a good amount of money and you just need to invest a few hours in free time. You can start investing in real estate and earn rental income and your property price will also increase annually on an average 15% but that doesn’t mean also need to invest real estate always invest your money where you have an interest.

Always think how can I retire earlier? When you will work for making the first assets you have to give you 100% and you will face many problems but when you will think about making second assets you just need you 50% effort and as you want to increase your assets as you need to put your less effort.

Make multiple assets for regular passive income if you don’t know how to make assets the learn from books or internet you will see a lot of ways but never depend on a single income source.

When you made one asset then automatically your focus will change on

You focus on creating wealth

You invest more for creating more assets

You will start a business

You reinvest your money for generating more wealth

Hire an expert

Hire an expert for manage your finance every most of the people spend a lot of money on their education for getting a job but they never learn how to manage money people afford to spend money on hire any expert.

World most common free financial adviser is a banker who gives advice to every person about where they need to invest. People don’t understand that they lose thousand of money every year through investing in the wrong place.

Bank makes us fool because they want our money for increasing there a business that why they always say to invest in banks for as long as possible and they make tons of money by our money.

People always think about safe investment

Safe assets for a common man

· Fixed Deposits

· Government Bonds & Schemes

· LIC Products

· Provident Funds

Risky assets defined by a common man

· Stock Market

· Online business

· Cryptocurrencies

· Anything innovative & new thin

· Real estate

First rule of investing you have to make a plan and set your goal then invest where you have interest but learn constantly about where you need to invest.

If you want my advice for investing then I will tell you first identify your expenses and try to control then and make some extra income source suppose.

If you save 3 thousand per month then do fewer expenses and generated extra income source in your free time then you will need to save because now you saving almost double now invest it and reinvest it.

if you have less income and high expenses then you need to learn how to grow more income source

and if you want to learn how you can increase your income then click here

We all agree that financial freedom is very enjoyable But most people never achieve financial freedom because of they do not have the right mindset and they don’t have patience.

difference between Lease and rent

2019-02-18T12:20:00.002+05:30

Difference between lease and rent

difference between Lease and rent

A lot of people are always confused about lease and rent they couldn’t understand the difference between lease and rent.

People are confused between lease and rents terms and conditions.

Different between lease and rent

The lease is always used for long the term if you hire any assets more than 12 months on rent in that condition you will sign the contract lease agreement

For example,

If you are taking any office space on rent for long term like 5 a year or 10 years then you will sign the lease agreement, in the airline industry companies hire aeroplanes on lease for many years, Many construction companies hire machines for long terms.

These are few examples for lease and now I will tell you about rent.

If you are hiring any assets for less than 12 months than you will sign the rental agreement?

Suppose if you hire any cab for a few hours then It will call renting or you hire any machine for a few days then you will pay as rental money.

If you sign the 11-month agreement that is also rent agreement.

So basically for the long term the agreement you will sign the lease and if you are signing for short term like for few hours or day then you will sign the rental agreement.

Sometime this term could be change you heard sometimes about 6-month lease and 2 years rent agreement but on the but if you see on the brought level then maximum time lease used for long term and rent agreement used for the short term.

Term and condition

Usually, if you hire any office space on lease then lessee responsible for maintenance but if you hire any cab for few hours then all responsibility of maintenance on the owner of the cab.

Negative and positive points

If you give your property on lease for 5 years then you will earn the same amount of money till complete five years you locked the rent for a long time.

The lease gives security to the lessee of rent that owner cannot increase rent lessee will pay the same rent for 5 years.

If you hire any cab on rent then they fluctuate their rent on a daily basis and if you have given any room on rent then you can grow your rent every year.

Rent agreement can terminate with small notice of 1 month usually on house rent agreement, you can give 1 month legal notice for the renter.

The lease cannot be easily terminate suppose if your lease of 20 years but landlord want to break the lease between the lease period then owner could be facing high penalties and significant it could be 6 month or 1-year rent penalty.

ownership can be transferred to lessee after lease periods if they will pay the current amount of property but It will not possible in rent agreement case owner is always ownership.

If you want any property for few months then hire it on rent because if you don’t need to use that property after a few months then why you will waste your money.

If you want any space for long time on rent then take it on the lease because here you have few benefits like you have security about you will pay the same rent for a long time as long as your lease.

TOP 10 ways to make money online in minimum Efforts

2019-02-17T13:56:00.004+05:30

10 ways to make money online

Make money online

This the most important question for everyone on how to make money online. I was also searching for this kind of thing when I was jobless and I passed my three months in just thinking that I will start after someday but that day was not coming.

When I face a bad time of my life then I realize impotence of money and we can't become anything with active income like a job. Next day I did a lot of research about how to make money through then i learn the internet is the best and easiest way to make money online but not quickest.

it takes your time your energy but when it become successful then you don’t need to work and here you will make money more than your whole family.

this time choose 10 best way to make money online you don’t need to do all of them you just choose anyone work which is best and easy for you and you can understand it easily.

Top 10 way to make money online

1. Freelancing

if you have any writing skills or you don’t have skills in writing but you have interest in writing then you can develop your writing skills there are a lot of opportunity on the internet you have to do work as a freelancer you can write for any blogs or websites or start-ups and they will pay you.

Few company pay “per word” and few company pay “per article”

You can see a lot of freelancing portals where you can sign up and you can get your paid writing work or assignment but here big question is do you really writing so well that somebody can pay you?

If you don’t know then you have to learn that first like I learned writing.

I started my blog but before I never even write an article but the fact is there are skills we can learn and we can earn money on the internet through those skills. Writing is just one of those money-making skills that you can learn.

2. Designer

If you are not a good writer but if you are excellent in designing then you can also work as a freelancer,

You can earn money as a freelancing designer. In design, you can be a Graphic Designer, Interior Designer and you will earn good money.

If you are experienced designer, then you earn easily through the internet because experience designer demands are so high in freelancing.

You can do freelancing for video editing, many other things you can do as a freelancer.

3. Online marketing

If you know digital marketing skills then you can work as a freelancer. if you are a digital marketer and you know how to run ads on Facebook, how to run ads on Google, how to do SEO.

there are so many skills that you can learn and when you start working on your weaknesses and when you become excellent in you work then you earn as a freelancer.

4. Consultancy

You can earn as an online consultant. If you are working in any company and you are working in the particular department you have many years of experience it can be marketing experience sales experience HR department experience.

A lot of company can’t hire a full-time marketing expert or business analyst because it will become so costly for them.

If you have experience in any department so that you can provide consultancy to any other company you can earn as a freelance consultant, you can do it as a part-time job but I will call it freelancing because you are working it in your free time.

5. YouTube

If you start your youtube channel and you will start posting your videos. The money will not come immediately but eventually when you have lots of subscribers and people will start viewing your videos then you will start generating income from youtube.

Youtube is a very powerful plate form a lot of common people are very famous as a equal to Bollywood stars.

6. Instagram

If you create an Instagram page and you start uploading knowledgeable and valuable content which is based on a particular niche.

When you will get follower in thousand then you can become social influencer and many companies approach you to promote their product.

Companies pay you to promote their product and many other Instagram creator pay you to promote their page.

This easiest way to make money online but I will take time to increase followers in thousands.

7. Facebook

if you are thinking of making money on Facebook then you have to do here the same as you do Instagram. You need to create Facebook page and start uploading valuable content and when you got good the follower then you can start making money.

Make sure your page is on any niche it can be anything depends on your interest i can be about fashion, money, education anything.

But remember one thing doesn’t the matter you are on Facebook or Instagram you just need to grow the community of people and if you have a follower that means you will earn money.

Instagram and Facebook both could be your assets if you work on it daily basis.

8. A Niche Blog

In the industry, you are working or have the knowledge that call niche example if you are working in any cloth company the it can be called a niche because you have good knowledge of cloths.

You will create your blog on that particular niche that blog will be obviously in relevancy with another asset like you Instagram page Facebook page or youtube channel.

So can create a relevant blog with your asset pages you can start a blog in free on bloggers.

9. Affiliate marketing

Affiliate marketing is very a powerful tool to make money online you can do affiliate marketing by your blog or you tube channel as well

If you want to learn about affiliate marketing in detail then click here

10. Amazon seller

You can start selling your product on Amazon as a seller you can sell on Amazon 1 dollar to 1 million dollar things. You have to research what you can sell on amazon then you can decide you will manufacture or outsource.

You will sell a t-shirt, bags etc.

Lots of opportunities are there and it very hardworking work it doesn’t mean you can’t do that because Amazon business is due to seller AMAZON doesn’t have their own product.

This is the right time to work on the internet because the internet is growing very faster.

be aware of scams and the biggest indication is they ask you for the membership fee in advance and the big dream is shown.

Financial freedom

2019-02-16T15:50:00.000+05:30

Financial freedom

financial freedom

Financial freedom

When you think about financial freedom you feel so good but if you want to be financial freeman then you have make plans and execute them as soon as possible.

I will give the 3 amazing tips to become financially free

Convert your time into money

We feel good when we listen this kind of concepts I will show you how it works.

If you are a salaried person and your income is not enough for you and your family if you are earning 20,000 rupees per month and your expenses are crossing 15000 thousand per month and you save every month minimum 3000 to 4000 rupees.

In that case, I don’t think so will get financial freedom in your whole life.

Here my suggestion to you if you have any skill then you can earn extra income if you do work for 2 to 3 hours every day and if you don’t have a skill they learn money making skills.

every day you came to home 9 pm then you need to do something online at least 1 to 3 hours daily start with one hour, start your work online which make money for you whatever it can be online work you can do marketing, blogging, eCommerce store it could be anything.

If you will earn a minimum of 2 to 3 thousand per month by working in your free hours then it will give you an opportunity to save money because now you are savings double and you will invest double then last time.

Here you are working as a freelancer, you are converting your time into money

Convert your money into time

If you have money then you need to buy the time I will show you how it works.

If you are working job and you have a side business as well I mean part-time business in that condition you don’t have time for any other thing.

Example

If you are giving your 3 to 4 hours for your side business and you earn from them 2 thousand rupees daily here you can give your work to someone else who wants to do side business to earn more you can pay him 80% of your total work evaluation you save 20% without working anything and the biggest thing which you buy is that your time.

Now you can do those things in these 3 hours which gives you more money as compared to your last work.

Active income and passive income

You need active income in starting because passive income takes time to come in your pocket. I will tell in short what is active income and passive income.

In Active income when you sell your time then you will earn money for example; your job is active if you will present in your office then you will earn your salary.

In simple words when you involved in any work physically and you earn money that income called active income.

In Passive the income you will earn money while you are not working or you are sleeping that income called passive income.

Active income

If you want to live financially free life then you have to make passive income and for passive income you need first capital which you can make by your job or any freelancing job or any business like shops where you need to involved physically.

Many the businessman who made a lot of many every month they think they are financially free but that's not true because they need to work every day like they have to visit their shop and open their office if they don’t go someday the office that day they face the loss of money.

For example ; doctors, lawyers they have to visit their office regularly

Then how they could call them self financially free.

Passive income

If you want to generate passive income then you have started with active income because first you need capital and it might come from your job or any freelancing work.

Passive income is not easy to earn because we have to do hard work in starting.

You can generate your Passive income from real estate suppose you buy ant land of property you build it and give it on rent you will earn money every month without working anything but nowadays it is not a good option because now properties rates are so high.

You can generate passive income from your investment suppose you invested in the stock market and now you are getting returns and dividends money without working.

Third passive income source you can make by online side business like any blog and websites which you started earlier and you are getting traffic and revenue from your blog or websites and your product are selling automatically which you listed.

Financial planning

Financial planning is very important for every person doesn't matter if you are upper class or middle class or lower class if you don’t do financial planning then I don’t think so you can become financial free.

Suppose if you have 30,000,0.00 rupees and if you don’t plan about your money for you just use it for your expenses like you will buy big car expensive clothes and many other things.

You will be definitely lose your money and become poor more than last year

Your financial planning depends on your monthly active income source and how many you have the passive income I mean how much is your net monthly income.

How much are your monthly expenses and the difference between your net income and monthly expenses that difference called your savings.

Now check your savings are positive or negative if it is negative then try to make it positive or if it is positive then check how much positive it?

If you are saving 3 to 4 thousand or maybe 5 thousand rupees per month then it is not enough now because if you invest 5 thousand per month for 20 years then you will get something if market looking good.

You have to start working for passive income, something is tough that’s why passive income takes time to come in your pocket.

Start work on your skills and learn those skills also which you don’t know because without money-making skills you can't earn money online.

learn 5 best money making skills click here

make money online by copywriting

2019-02-15T12:19:00.001+05:30

Make money online by copywriting

copywriting

Making money online by copywriting

Now a day everybody thinks about making money online. People think that it easy money but they don’t know where from they need to start working online what is the one thing which they need to do first.

In 2019 a lot of plate forms are available for making money online but people are confused because they don’t know which plate form is good for them and how they start making money.

Here is the answer of your question,

If you want start making money online and you are confuse about what is the first thing you need to learn for online money?

If you are new person and you are thinking to make money online then you have to start from copy writing then think about any other skills copy writing is very important for online business.

Copywriting is very important but why? Because it doesn’t matter what you are doing online if you want to success in every online work which you are doing right now or thinking to do it.

The no 1 skill to making money online is copy writing what is that mean? That means it learning how to use words to communicate, it mean turning words into cash.

It doesn’t matter what you want to do you want to sell on the e-commerce you want to have a shopify store and your description box is copywriting because your description word is very important for sells.

You are selling a product or program or a coaching here landing page is your copy writing.

Your you tube video sprite is your copy writing your you tube video title is copy writing even your description below is copy writing , your email that is copy writing, your facebook ads is copywriting.

Everything you do is all about copy writing it’s about communication unless you have not learnt copy writing you will struggle.

If you and me are selling a same product and we both are running facebook ads if you are making on 1$ product on 1$ profit then i will do few word changing on title and in the description below then i will make 5 time more profits just because of few word changing.

All you need to do is just communicate with your audience with your words that the power of copywriting.

If you are serious about making money online and you want to learn about copywriting Then you can join institutes or learn online because copy writing is all about you word which you will think and write.

If you want to learn copywriting you need a lot of practice and peaceful mind when you will write one line then think how you can write this line in many different ways which is much polite and effective and easy to remember.

Difference between copywriting and content writing

Content writing and copywriting both are in high demand now a days and every digital marketing concept based on both of them.

These two skills are going to become huge market place and it is increasing day by day.

I have seen a lot of people who little confuse and they don’t know the difference between content writing and copywriting

Copywriting is being to write in an attractive form so that it grabs the attention of the audience immediately.

Copywriting has a greater task to perform – which is selling the real worth of a brand, its products, and services.

Content writing is being for attachment with online audiences so they stay longer on websites and engage with the brand.

Content Writing

Content writing means writing valuable content to be publish with a specific purpose, like business, digital marketing, etc. Content writing is used to attract potential customers and educate them about products and services of your brand. You can do this by using blogs, articles, press releases, etc.

Copywriting

Copywriting means creating and high valued content that purely dedicate your brand. The ultimate objective of copy writing is to sell an idea,

Content writing where you do not dedicate to sell it is only to help the audience understand your brand and generate interest.

Copywriting is changing web content to engage the audience and sell effectively. copy writing involves the use of target specific search terms.

It helps in optimization and a better performance on search engines.

Earning

If you have a good experience of copy writing and you write attractive words then you can earn more than 3000 thousand rupees per article and the article write in at least 1000 words.

You can do freelancing as well but first you have you prepared your self very well for copywriting

Easiest way of investing for middle class

2019-02-14T14:18:00.002+05:30

Easiest way of investing for middle class

investment for middle class

Investment is the biggest park of our life we always have to invest anywhere doesn’t mean we are doing small investment or big because everyone is become big after starting with small investment.

Investment doesn’t need hard work because if you want to do a good investment then you need to do smart work and annals about where i need to invest which gives me good amount of returns.

You need to invest as soon as possible if you have a low income then make you many source of income where you do less work and it will give good income then which money you are earning from other source invest that money to make more.

Invest in that thing which is easy for you and you can understand it easily and always think how I can make my more income source because when have a enough income for your family then you can invest easily in any thing

Investment options

Before invest any where you have know the concept of risk vs return

Risk means chances of losing money which money you are invest may be you can lose it

Returns means money earned from investments

Types of Investment

High risk / high return

Low risk / low return

Medium risk / medium return

People have fear of these concepts and they never invest in any where any they just think about savings but if you want take your life on next level then you have to learn about investing.

I will tell you the 3 easiest way of investing

FD, fixed deposit

It is the safest way of investing and it is so common way of investing a lot of people invest in fixed deposit but the problem with FD it is low risk low return.

How FD works

If you want to invest in FD then you need to visit your bank and every bank has different rules of investment.

When you invest your money in FD then bank use your money for invest in other place because when a lot of people invest small amount money at the end it become huge amount of money and then bank invest it in the difference ways.

That’s why bank takes you money for fixed time of tenure as long as you want and the bank will give your return after the fixed period.

Every bank has tenure some bank take your money for 1 to 2 years or some takes your money for more years because if you give them your money for many year then bank can earn more money.

Many banks gives you opportunity you can refund your money whenever you want between the fixed time periods and bank you your money with interest.

Benefits of FD

Returns from fixed deposits are higher from bank account because bank account never cross inflation and you will go with negative cash flow with bank account that’s why FD is better than saving bank account.

As longer the tenure as higher the return will be become higher of FD policy.

Real estate

It is the high risk and high return

If you want are living in the rent house then you have to take some serious decisions and action to buy own house it doesn’t mean a big house at least your own house where you and your family live in that house nicely and you don’t need to pay rent.

If you will buy your own home through home loan or you takes a loan from your relatives then you can pay your loan by which money you are spending as a rent and few year you have do less expenses and make more money to pay your loans.

You have to do more hard work and generate more income source and spend less money so you can pay your home loan earlier from the tenure of your loan and as soon as you will finish your home loan you will live less stress free life and invest more money to generate more income source.

If you have your own house and you are thing about investing then invest in the shops because it will give you good returns according to apartment or a plot.

If you buy apartment then you have to pay for his repairing and maintains and if you buy plot then you have to wait at least three to five year or may be more for good returns.

If you buy shop then you will give it for rent and you can earn every month good amount of money and you don’t need to think about maintains.

If you want to start your own business after sometime then you no need to take a shop on rent and you can start you business with in less money because in every business shop rent is biggest disaster of the profit.

Mutual fund

Any mutual fund company takes your money and the company invests it in many other ways like stocks, real estate, bonds etc.

Mutual funds are more risky if we compare it with fixed deposit, real estate investment

Mutual funds are high risk here because it all depends on sensexand nifty some time it can go 30% up or may be 30% down some time it goes 50% up and 50% down it all depends on market condition.

If we talk about on an average returns then you can earn 13% to 15% from mutual funds.

If we talk about how we can return our money from funds then you can sell it any time.

Why we invest in mutual funds

If you want to take low risk and high returns then you can invest in mutual fund. If you don’t have knowledge of stocks and you don’t want to participate directly in stocks then you can invest in mutual funds.

Mutual funds gives you low risk and high return due to mutual funds invest in multiple stocks and these stock are selected by specialist here you will see the expertise of specialist which you don’t have right now or you don’t have a time to research.

So mutual fund is good option if you want to earn good returns. If you are looking for 5 to 10 year returns then you will defiantly beat the inflation easily.

How to learn

2019-02-13T21:05:00.000+05:30

How to learn anything

How to learn

Do you want to learn a new skill, do you want to learn a new language some people want to learn marketing and sales or some people want to learn about business.

A lot of people Learn many things every day but truly you don't know how many skill you need to learn and how you can implement that in your life for high-level success.

People never think about which the skill they need to improve more and they never understand how they use their skill correctly.

Today I am going to share with you how to learn new skills properly in the 4 main ways.

1. Learning from yourself

Learning from your own mistakes, learn from your past and try you will not do it again, a lot of people try this way but the fact is it’s so costly and it takes a lot of time to learn anything because many time we realize our mistakes after a long time.

A lot of people think that we learn by our self-learning when they start learning and they make mistakes a lot of time and repair it but it will become so costly for them self and they lose a lot of time which is important for them and they can’t realize that they waste their a lot of time in this long process.

Here are some pros and cons

Pros

You learn from yourself

No barrier of entry

Learn anytime you want

And it free of cost

Cons

Costs a lot of money

Costs a lot of time

Learning from your peers

If you learn from your peers you never grow because when you start learning from your peers. you never know that your peers know correct information about the topic which you are trying to learn? And they are teaching you in a right way.

My point is if you and your peers are on the same level then how can you teach each other you just like to listen to them and when they teach you something and you don’t understand that then you will say hmm yeah right.

When you implement all those tips then you will say that not exactly which I want to learn.

Examples; if you and your friend want to learn Chinese language and you both are on the same level you both don’t know anything about how to speak Chinese but if i locked you for a month in the Chinese books library.

After one month I see you their now how many chances you both will speak Chinese I think 0% because you both are on the same level than how you can learn from anyone who is equal to you in knowledge.

It’s not a perfect example but you all are doing the same thing in your life you ask your friends, family and many other people about financial planning, career, marketing and many other things and they give you advice about do this business that way, do your sales in this way but the problem are you both are on the same level.

They also don’t know about finance, marketing, and sales then how can you be sure about they give the right advice.

Two people don’t know something they getting together now they learn from each other.

it is the mess it is a disaster for both of them.

Learn from a mentor

If you Learning from the mentor that means you will become better then better day by day you will do less mistake you will not waste your time on silly mistakes.

Qualified mentor how is doing his job or business or anything else for long time and if you are learning from him then chances are high you will get you success earlier.

Example;

If you want to be a basketball player and you are learning from your friends that ok you can learn from your friends but if you want to be a professional player in that condition you need a mentor/coach.

To show what exactly you need to practice on a daily basis to get better. The coach is watching you correcting you he is moulding to get you on next level.

That is the power of a mentor.

yes I made thousands of mistake and wasted a lot of time and I have learned from other people and peers as well but today I am where I am today because of my mentors.

I learn a lot from my mentors and today I am on that kind of position where I can teach anyone how to live a nice life and me still hungry for learning from my mentors,

invest in learning

I always saw this problem when anybody wants to learn anything they don't want to invest in their learning everyone is trying to do self-learning even when they don't understand by self-learning.

self-learning is good but you cannot learn everything without practice and it is very important

multiple source of income

2019-02-12T14:33:00.000+05:30

Multiple streams of income

multiple streams of income

If you are starting you career and you are thinking about making multiple streams of income then don’t do that because you will never get success in anything this is not the right way of making multiple sources of income.

Multiple streams of income is a bad idea

It takes a tremendous effort to build up just one stream of income. It takes a lot of time and effort to just build and maintain one stream of income. If you are the thing to increasing multiple streams of income without mastering one thing

Sometimes you do work on online and sometimes you work on real estate, stocks and many other things but do you really make good money you did so many things you never learn one thing properly.

Jack of all trades master of none

Skill development

Skill is the most important the thing to become successful in everything but most people never work on 1 the skill they want to develop much skill and at the end, they never learn any skill deeply.

Example-

Suppose if you are getting training of cricket morning and in the afternoon you are getting training of swimming and in the evening you playing basketball and you are thinking it will do many things then I can defiantly get success in one at least.

Example,

If you are thinking about making money online and you do a few hours’ eCommerce businesses than a few hours blogging, you tubing and you do 5 things in a day online.

Then how many chances you will be successful or become rich in this way

What you think how good you would be after 5 years, not very good because when you do all the things you cannot give you 100% in anything. You never learn anything deeply.

As same in business when you have to give it your full-time energy and everything and when you fully dedicate you’re a few years for it and you think I will give it my energy, time, focus and everything in just for one thing.

Now what you think about how many chances are here that you can become something.

Always think to do master in one thing first and when getting successes in that particular thing then think about any other things,

Create multiple streams of income after you get rich

Rich people are rich because they believe in multiple streams of income. Rich people are always increasing their streams of income and you always heard that rich people make money by multiple streams of income they have multiple companies, multiple investments, stocks many businesses and many other things where they make tons of money.

Rich people make them multiple streams of income after becoming rich (don’t understand) let me explain.

Rich people always make money by multiple streams of income but when they started their journey at the beginning they start with one source of income they do master in one thing.

They make money by one thing and when they become rich and wealthy then start investing in other things where they want to invest.

If you are beginning you business never think about making multiple streams of income because you have be master in one thing which you are doing then think about making any other source of income.

How make multiple streams of income

If you want to be rich then first you need to do make one stream of high passive income. You need to have one skill which you understand deeply and learn it unless you will be not able to master in that skill.

Work on it every day never left learning about that particular thing which you already mastered.

After sometime when you start making money from your skill doesn’t think about any other extra income source unless you start making passive income.

When you start making passive income at least 50,000 per month then think about any other stream of income for you and your family then you can take any risk.

If you want to make multiple streams of income then you should need to make sure you already generating money without any work because if you failed in your other streams of income then you don’t need to worry about how I will take care of my family.

Money problem vs. Income problem

2019-02-11T12:26:00.000+05:30

Money problem vs. Income problem

money problem vs income problem

Income problem is a life changing product if you cannot control your money the problem then control your income problem.

Every middle class or a lower the class person they both are always talking about savings and most people always ready to say we are not saving money because we have a lot of money the problem we can’t save money.

We have so many expenses every month and at the month end we survive very badly and then you feel I need some good advises and you ask from your friends about financial planning who already feel as same as you.

When you feel I have taken a lot of advice but not satisfied then you take advice from TV and when you get bored from the TV then you search on YouTube about how to solve the money problem.

After many bits of advice then you will start taking advises from bank employer any they tell you to save money every month and invest it in fix deposit its good for your future.

Invest in mutual funds at as long as you can then you will be ok not comfortable I’m not saying mutual funds are not good but it will not solve your money problem you just survive with this.

Mostly Indian people think bank employer gives you worlds best advises and a lot of people always go with bank employers advise but the fact is if they know how to make money than why they do the job till age 60.

Few financial advisers told to you on TV. You always need to save money, make your budget and you have look at your every single expanse and write down on notebook your all expenses and cut all unnecessary things like go out for dinner, don’t go with friends to hang out, cut all the vocations and many other things.

If you follow this rule you can save a few hundred rupees defiantly but personally I don’t think so this is going to solve your problems of money.

Yes you can save few hundred rupees but could you buy that house which you want, could you buy that car you want, could you live your life like you want to live, could you give you family a batter life.

If you think that you few hundred rupees solve your problem then my dear friend you are going in the wrong direction.

If you think you can save a few hundred rupees and you will invest it in mutual funds for 20 years and after 20 years you live your life king size but it’s your myth who knows you live next 20 years or what happens when need a big amount of money between this 20 year periods.

You always think that you cannot save money or you can’t believe a financially free life because you have money problems because you have to do many regular expenses which come every month and your expenses will increase as inflation increase.

My friends, you don’t have a money problem you have an income problem you have only one way of your income, you never think about to generate more ways of income.

Now a lot of people think that we are the salaried person we do the serious job but it doesn’t matter what you do the only think is matter and that is your effort of generating more income sources.

You need to develop your high-income skills for making more income, you need a side hustle which you could do to generate more income.

if you want to learn about high-income skill then click here

When you have more source of income then you could do more investment for generating more income source.

When you have any sources of income at that time you will not think about saving you just think about how i can generate more income because nobody become rich by saving.

Even those people how just think about saving they cannot live their life they just survive

Every single year just try to increase your income and make it your habit then you automatically find more way to increase your income more every year increase your income of at least 20%.

Start any small business and don’t involve in that directly hire employs, start an online business after some months which gives good revenue.

Learn about how to increase income learn from a book, you tube, blog, biography and from those people who are more successful than you and your relatives.

Every rich person always focus on learning, they always try to learn new things every day.

Improve your high-income skills which help you to achieve your goals always think about which way I can earn more income.

When you generated at least 2 more of income then invest then to generate more income. You could do you all expenses by your salary but which all money you earn from your side hustle invests them for making more income.

Rich people are rich because they make more and more source of income they always try to increase their income.

Rich people believe in passive income they make assets first then do expanses poor people do expenses first.

Always focus on increasing income

types of mutual funds

2019-02-10T17:07:00.001+05:30

types of Mutual funds

mutual funds

Whenever you do investment behalf on your interest you will always face 4 points which you have to understand first.

1. Risk – you have know every investment has a risk even your saving bank account is also under the risk if the bank goes bankrupt in that case you lose your money

2. Returns – this is the most important thing about investment how much return we all get from a mutual fund in the long term between 5 to 10 years,

T the second thing we need to know which is important if the return is not crossing the inflation then we are not getting any profits even we are in losses as well.

3. Volatility – that means sometimes market goes very down and side it goes very high, but if you need the money and that time market is very down in that condition what will you do.

4. Liquidity – it’s about how earlier you can withdraw your money from your investments.

How the mutual fund works

Anyone mutual funds company takes your money and the company invests it in many other ways like stocks, real estate, bonds etc.

you can say it works like stocks you can see here up and downs and the risk or investment in mutual funds is moderate to high because if we compare it with stocks then mutual funds are safe than stocks or you could say stocks quit high risky than mutual funds.

Mutual funds are riskier if we compare it with fix income security, real estate and gold investment

Volatility is high here because of it all depends on Sensex and nifty some it can go 30% up or maybe 30% down some the time it goes 50% up and 50% down it all depends on market condition.

If we talk about on an average returns then you can earn 13% to 15% from mutual funds.

If we talk about liquidity then you can sell it any time.

Why we invest in mutual funds

If you want to take a low risk and high returns then you can invest in the mutual fund. If you don’t have knowledge of stocks and you don’t want to participate directly in stocks then you can invest in mutual funds.

Mutual funds give you low risk and high return due to mutual funds invest in multiple stocks and these stock are selected by a specialist here you will see the expertise of specialist which you don’t have right now or you don’t have time to research.

So the mutual funds are a good option if you want to earn good returns. If you are looking for 5 to 10-year returns then you will defiantly beat the inflation easily

Features and types of mutual funds

Mutual funds are house A lot of people invest in mutual fund and fund managers are investing in different type securities and they give the profits as a return for this long process they take a commission from our profit.

This kind of fund houses manage by asset management the company, for example, sbi mutual fund, axis mutual fund, icici prudential, Aditya Birla and etc.

You can see lots of companies in India who run multiple funds any company can run 400 to 500 funds but mainly three types of fund are exist

1. Equity MF – its work on stocks.

2. Debt MF – its work on fixed income security for example bond, certificate of deposit and etc.

3. Hybrid MF - its work in both stocks and fixed deposit income.

You can categorize mutual funds in one other way

1. Large-cap – it works with big companies of senses or nifty here you will see low-risk low returns

2. Mid-cap - it works with lower than top companies here you will see moderate risk moderate returns

3. Small cap – it works with small companies but here you will see a high-risk high return

Sector funds

1. Technology funds

2. Banking funds

3. Automobile funds

4. Agriculture funds

5. FMCG funds

Tax saving funds

1. 3 year lock-in period (here you cannot withdraw you many between these periods)

2. Tax deduction under sec 80c (in few special funds)

Index funds

1. Linked to Sensex and nifty directly

How to invest in mutual funds

SIP – systematic investment plan

Returns are – average out

You invest in sip on monthly basic But here you are the best benefit is you will see the change in yourself you always save and invest you money because it will become your habit.

lumpsum - never invest in a lump sum when market looking high at that time high chances to lose your money.

Invest in a lump sum when the market gets down as much as down is good for you because after a few years you will see the big profits.

What to check before investing in the mutual funds

1. Last 5 to 10-year returns

2. Expense ratio 1% to 2% maximum

3. Entry load and exit load

Entry load – when you are going to invest in mutual funds how much they are charging for up front.

Exit load – when you selling you funds how much they charge you

Goal-based or monthly target

Suppose after ten years you want 20 laces than then you can calculate how much money you need to invest per month for how many years

You can calculate is on any mutual funds website where you will see the calculator of mutual fund

For example

SBI MUTUAL FUNDS

I am calculating my goal 15 years from now from 2019 if you also want to calculate then click here

As you can see if I invest 2 thousand for 15 years totally I invest 3,60,000 laces in 15 years.
after 15 years I will withdraw my money with on average 12% of return then I will get more than ten laces.

I don't think so any middle-class person salaried person saves ten laces in 15 years. so this is the easiest way for you.

isn't it great for a middle class person, 2000 thousand rupees is not big for middle-class people?
if you feel about any scam then here is no the chance for the scam because this bank runs under the government of India.

why Health insurance is important

2019-02-09T19:43:00.000+05:30

Why Health insurance is important

health insurance is important

health insurance is very important

Now in daily lifestyle we all know a lot of new decease coming front of us, any middle class person harshly visit in private hospital due to financial problem they know private hospitals charges are so high if we visit in any private hospitals it will make them more weaker financially specially in India every middle class person have to take health insurance for his family security.

We all know that the bad time will come to you without any warning and we cannot stop it but we comes out from that bad time but it affect us so badly it make us weak financially for long time.

We never know when the bad time comes to us but we can prepared our self for that bad time earlier, we all know that many time a lot of people badly injured through any accident and the family get very irritated and unsecured by hospital bills. Many people sell their houses and many things for treatment in that case we all should need to take health insurance for our family.

Health insurance

If you want a health insurance then in that case, need to sign an agreement between customer (you) and the health insurance company. In the agreement company assure you that if you pay amount (decided by you which plan you want to activate for you and you will pay behalf on that) monthly, half yearly or yearly then company gives you guaranty that if you ill by any decease or injured by any type of accident then insurance company will pay the hospital bill.

In every country has government insurance department and many private insurance company are also available who provide health insurance. You can choose any plan which would be easy and comfortable for you.

Why health insurance is important

Healthinsurance is important because you can start your treatment without taking any stress of hospital bill and you can take better treatment for better healthy life. Now a day we all are live under so much of pollution and we are not having healthy food most of the time we eat out side food which not healthy for you that’s why we are becoming weak internally and decease easily become part of our life. If we go to government hospital we always see the so much of rush they take a lot time for check up. Private sector hospitals are too expensive for middle class person and if people want start their treatment in private hospital then most of time they face big financial problem.

In that case people should need to take health insurance because if any person faces any medical emergency then they can start their medical treatment without any financial stress.

Take the health insurance as soon as possible because no one knows when we need it, that doesn’t mean if go to the hospital then you will get the benefits of health insurance, many health insurance organisation gives you chance to get full body check up in between few month gap.

health insurance is very important to you and your family it give security and health insurance save your money which you are going to pay doctors

if you are newly married then you have to take a family health insurance because when your wife will get pregnant in future then you feel secured to hospital bill and in case of pregnancy you have take your wife to check up and they are very costly but you can give her best treatment which is good for her health but due to family health insurance you will never get any tension about money

How to choose best health insurance

Choose that health insurance which gives you all these benefits

*medical tests

*doctors fees

*ambulance rent

*admits gees of hospital

*expanses after discharge from hospital include

-Check up by doctor

-Tests and medicines

Who can get the health Insurance

Every person can get thehealth insurance but a lot people are always think about in which age we need to take a health insurance. Here are no boundary of age but if you will take your health insurance earlier then you will pay less amount of you premium plan, as your age will increase as your premium plan amount also increase because with your age health risk are also increase.

In India after age of 45 if you want the health insurance then body check up is not compulsory but if you have any disease like diabetes and hypertension then they should need to mention that in the form and it will affect your premium plan amount. That’s why I will advise you to get your health insurance in earlier to your age.

Important tips before taking health insurance

*think about which policy shots you according to your health

*don’t wait until getting old or ill

*read all the documents carefully because few policy plan doesn’t cover accidental emergency and some of policies doesn’t cover many deceases.

* collect all information about settlement ratio (claim)

* take an advice from your legal adviser or your family doctor

Impotent documents

These entire documents you need to get health insurance

*age proof – birth certificate, driving licence, passport, voter id card, 10^th pass report card

*id proof – any document which can assure you identity

*address proof – electricity bill, telephone bill, ration card, driving licence, aadhar card, passport etc.

*medical report – few health insurance plan need your medical check up report, especially who cross the 45 year of age.

*Photo – passport size photo

Process of claim

When you choice the right plan for yourself then you should need to assure about claim process

Normally health insurance companies claim your money through two way of processing

Cash less claim process – in this process you will never get any problem because in this process insurance company directly involved with the hospital.

Reimbursement claim – in this process the man who take the health insurance he need to collect all the documents from admit to discharge and he will pay all the money from himself and then he will visit to the insurance company office and he need to show all the document and bill then he claim the money by insurance company.

best health insurance company's in india

1. policy bazaar.com

POLICYBAZAAR.COM

2. HDFC LIFE INSURANCE

HDFC LIFE INSURANCE

3. APOLLO MUNICH HEALTH INSURANCE

APOLLO MUNICH

4. COVERFOX HEALTH INSURANCE

COVERFOX

i'm not promoting all these company i'm helping for you can easily health insurance from right place. these company's are very trusted for health insurance.

why you will never get rich

2019-02-08T15:07:00.000+05:30

Why you will never get rich

why you will never get rich

Why every person is not rich why a lot of people always struggling for money ask yourself why millions of people struggling for food why only 3% of world population are rich. Only 3% people get success financially why you are in 97% of people, do you ever think about it?. Are these 3% of people has 48 hours or 72 hours in one day, are they super humans they have any power of making money or they have 2 brains I guess no so if they could do this then you could also they are humans as you they have nothing special then why you are not rich.

these 3% of people never think about money they always focus on innovation they always think about how they can give something new to the world they always focus on to introduce new thing to the world they always focus on productivity they give their time their energy they give there everything what they have then they become something and 97% people call them rich.

Now I will tell you why only 3% of people get rich

These reasons are not going to make you rich

Education

In this time everybody wants to get rich specially India every single person wants a lot of money and every year thousands of student become graduate, engineer but they never get rich even they can get the job thousands of engineer, graduated, post graduated even who had a PHD degree they are jobless or they are doing some other job for their basic family needs and the number of jobless people is increasing day by day.

It is not about job it is about are we really educated? is our education system good? if we are educated then why we are living poor lifestyle? Why Indian student are jobless on an average Indian student 23 year of his life wasting in going school and college because if they cannot become rich after studying 23 year of life then why we should go to school and college in opinion we just wasted our family income on our study.

Reason why education is affecting us

Indian education system is not growing from since 50 to 60 years because Indian education system is as same as we seen in 1960 our education is lock between 6 hours of school. Indian student are reach school they read about maths, science, politics, and many other subjects but the truth is Indian government never gives any attention on teaching about personal finance in school. You, me and every student who are studying in Indian school they never even heard about personal finance or financial freedom. Remember your school classroom when teacher taught their subject but any teacher never taught us about money, investing and wealth. Our teachers are also never getting rich because they also learn like us. That’s why our teacher, professors, even principal are never getting rich they live like an average person live his life.

12^th class student never know about what is financial freedom. Students are just running for marks to get the admission in best college. In INDIA politicians are fight for sex education and for building temple they just do everything for votes we all seen a lot of interviews on news channels where they talk about sex education and the Hinduism is most important but who will fight for this subject which make every student life and give them chance to make his and his family life better and he can be in those 3% of people. If a student’s never understand clearly about how to manage money then how he will teach his next generation?

School never taught you about money and wealth

You think money is not important

I heard a lot of time from many people that money is not important and the fact behind how all said these kind of thing actually they are nil they have no money they live poor lifestyle. They just making their self fool by talking about like this kind of things and the bad thing about it they promoting and affecting young generation mind they also teaching the same things because they failed to become financially free that why the making excuse front of the world.

I know money is not everything but money is very very important money makes the world move, money takes care of your family without money how you will do take care of your wife mother father children, money gives you security to live stress free life, money gives you comfort for live better life, money is just a tool to make your life easy and nothing more.

Suppose if you will say to you girlfriend or boyfriend you know you are not important to me then what you thing how many chances are they live with you for long time, as same as if you don’t care of your money if don’t see where is it going then how you can complaint that money not stay with you.

In this world everything wants care and everything wants impotent you cannot say i do care about this but i don’t care about.

If you will give importance to money then it will give comfort, security and it will take care of your life

You never take full responsibility for your financial future

These 97% people always like to complaint they always pointing fingers to others and they never think If you point 1 finger to someone else then 3 fingers point you first they never complaint them self for spending a lot of time on social media and TV or Netflix. Do you ever thinks about to learn personal finance one hour every day. How many hours do you study finance, money, invest I want to compare your time to wasting vs. Investing. Think about it most of the people work their entire life for money and they die poor.

Your parents never taught you about money and how it works

Your parents are live their life with poor lifestyle they work all life for money because they don’t know about how to get rich or how to live financially free they always know just one thing save money and when we need it then use it. It doesn’t matter you are born with silver spoon in your mouth your parents also think to educate you in best school and college and you will learn as every student learn about text book as usual school never teach you about money, invest or wealth,

The most common thing happen with you that is you don’t care about money and you don’t understand how money work unless you don’t learn about money.

You never learn how money works

You never learn in you school or by your parents how money work then how can you be so rich world most richest people starts their learning about money in very little age warren Buffett start his learning about how money works when was just 11 and even he start investing. Elon musk he also starts his learning when he was just 10 year and when he was just 12 he made a computer game by self learning he always read the books and he sell it in 500$ so if he start learning and invest in this much of little age then why not us, if you are reading this then i hope you want to make changes in your life and you also wants to live those 3% people.

Start learning about money by book, internet, mentors for your better future

You have a negative cash flow

Are you one of those people who always do unnecessary shopping who live on credit cards all the time you just pay EMIs? If you have many EMIs then you cash flow is very negative because you pay first you loans then your family expanses you don’t have money to invest you just living your life with struggling for money. Always think 7 day before buy any expensive thing then if you feel you need it then buy because you are salaried person you don’t need to make a lot of liabilities if you do then you will live poor and die poor.

Wasting time

You have been brain wash by the social media and TV they make you fool and they wash your brain you think your world in tv and social media they earning money through you because they know how to make you fool. You spend a lot of time on social media you waste you a lot of time if we calculate the time then it will become years if you wasting your time with TV and social media it will not give chance to live better life.