Every individual salaried or business class is striving to boost his/her financial resources to a level where his all the expenses are less than his earning. Everyone wants to make a lot of money and enjoy all the lavish products right from perfumes to cars, home products to dressing.
The point to ponder here is that maximum of the expenses made by individuals are on housing, food and clothing (Roti, Kapda aur Makan in Indian context). Rich or poor everyone incurs above expenses implicitly. For rich spending on lavish housing, clothing and food can be for sake of change, but for middle class people it is mandatory spending.
So how can a person become rich?
Well there are thousands of books and article written on this, anyone who wants to grow rich is bound to purchase this books. I don’t know the fate of those people but one thing is sure that the publisher must have minted money like anything.
My views on becoming rich are rather different. I will consider a hypothetical case of Mr. X (age 32) who is earning 40,000 INR; he is a sole bread earner in his family (He himself, spouse and two kids) and no financial backing. My agenda would be to make him millionaire, help him in sourcing one flat, a car and with enough money in his kitty post retirement along with good education for his kids and there marriages.
There are three principals which Mr. X needs to follow
1) Sacrifice: To become rich at time you need to sacrifice because penny saved is penny earned. Mr. X can’t spend on lavish things and still Dream of having a golden retirement. An air cooler instead of A.C will server the propose of beating summer
2) Discipline/ commitment: To achieve long term goal Mr. X need to be very disciplined and committed towards goal.
3) Patience: Since Mr. X doesn’t have a financial backing or support he cannot immediately fulfill all his dream, he has to patience wait to strike the cord at the right time
The point to ponder here is that maximum of the expenses made by individuals are on housing, food and clothing (Roti, Kapda aur Makan in Indian context). Rich or poor everyone incurs above expenses implicitly. For rich spending on lavish housing, clothing and food can be for sake of change, but for middle class people it is mandatory spending.
So how can a person become rich?
Well there are thousands of books and article written on this, anyone who wants to grow rich is bound to purchase this books. I don’t know the fate of those people but one thing is sure that the publisher must have minted money like anything.
My views on becoming rich are rather different. I will consider a hypothetical case of Mr. X (age 32) who is earning 40,000 INR; he is a sole bread earner in his family (He himself, spouse and two kids) and no financial backing. My agenda would be to make him millionaire, help him in sourcing one flat, a car and with enough money in his kitty post retirement along with good education for his kids and there marriages.
There are three principals which Mr. X needs to follow
1) Sacrifice: To become rich at time you need to sacrifice because penny saved is penny earned. Mr. X can’t spend on lavish things and still Dream of having a golden retirement. An air cooler instead of A.C will server the propose of beating summer
2) Discipline/ commitment: To achieve long term goal Mr. X need to be very disciplined and committed towards goal.
3) Patience: Since Mr. X doesn’t have a financial backing or support he cannot immediately fulfill all his dream, he has to patience wait to strike the cord at the right time
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