Summary Points: I’ll explain how rich people focus on cash flow and net profit to grow their business, like my example of an ice-cream store. Check this mind-map You’ll see an example where how profits was split as 25% for business growth, 25% for family, and 50% for investing. I’ll share how they use direct…
Why do poor people, like so many of our own folks, stay stuck in that rut, while the rich just keep piling up more and more? It’s a heavy topic, but it’s one we’ve all seen play out in our lives. Whether it’s the chaiwala on the corner barely scraping by or the big-shot industrialist…
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Compounding is one of the most powerful forces in wealth creation, especially for long-term investors. It refers to the process of earning returns on both our initial investment and the accumulated returns over time. This creates a snowball effect, where our money begins to grow exponentially. While the early stages of compounding may seem slow,…
Converting 10 Lakhs to 100 Crore can be a dream for a prospective wealth builder. It can be like a dream come true, a milestone to die for. This journey, while seemingly daunting, is within reach if approached with the right strategies and mindset. Our stock market offers immense opportunities that can make this idea…
In a world marked by financial uncertainties and economic complexities, the pursuit of financial independence has emerged as a beacon of hope. It offers the promise of a life unburdened by monetary constraints. Financial independence is a concept gaining remarkable traction in recent times. It holds the potential to transform lives and empower individuals to…
Did you know that according to a recent study, nearly 80% of millionaires in the US are self-made? That’s right – they weren’t born into wealth or handed their success on a silver platter. Instead, they followed a proven process for building wealth and achieving financial freedom. If you’re ready to join their ranks and…
The power of compounding is as synonymous with human life as are the three laws of motion. The best part is, its effectiveness can be explained using mathematics. It is a theory which is a “must-follow” for everyone.
Mostly it is the business men who become richer than others. But how can a salaried person become rich? Smart business men tend to become rich more frequently than salaried people. Yes, the keyword to become rich is “smart”. One need to handle ones paycheck (income) smartly. Smart and rich business men tend to handle their…
What is the utility of a balance sheet for individual? Why a salaried employee must maintain a personal balance sheet? There can be no if’s and but’s in the answer. An individual must maintain a balance sheet for personal use. Why? Because it will assist in keeping ones personal finance in order. What is a…
Did you know that only a fraction of the world’s population truly understands the art of building assets? Picture this: more than 75% of people around us suffer due to the complexities of financial struggles. It’s all because they do not realize the importance of asset creation. In a world where financial independence remains an…
