"REMEMBER ALL RICH AND SUCCCESSFUL PEOPLE IN THIS WORLD ARE BIG DREAMERS"
We grow great by dreams. All big men are dreamers. They see things in the soft haze of a spring day or in the red fire of a long winter's evening. Some of us let these great dreams die, but others nourish and protect them; nurse them through bad days till they bring them to the sunshine and light which comes always to those who sincerely hope that their dreams will come true.
"So have BIG DREAMS. Only big dreamers achieve big success in life."
AN EYE OPNER SPECIALLY FOR SALARIED PEOPLE:
"COST OF SIMPLE LIVING IN INDIA IS INCREASING BY OVER 30% PER YEAR BUT OUR INCOMES ARE INCREASING ONLY BY 3% TO 15% PER YEAR."
So dear friends we cannot depend upon our annual increments any more and we should start thinking to do something extra to supplement our income. If we do not do that, then this deficit in increments within coming 3-5 years will become such a big problem that will be too difficult for us to handle. And the fact is that for many of us it has already become a big problem.
"So time has come to realise this fact and start reacting by finding ways to SUPPLEMENT our incomes."
Saturday, January 8, 2011
Wednesday, September 1, 2010
Financial Freedom
Normally what income we earn depends on the time we put in our job / profession. This type of income is called active income. If we work double the normal time we can earn double income and if we work half of the normal time we earn half of the income.
Take simple example:
Suppose an employee works for 8 hrs a day and get a salary of Rs. 50,000/- per month. One day he realized that his responsibilities are going up and so are the expenses. So he decided to put in 4 hrs per day extra and somehow manage Rs. 25000/- per month extra. Now his total monthly income becomes Rs. 75000/- but he is working 12 hrs a day.
Now just think that there is a 10% decline in his efficiency. Will any employer tolerate that any of his highly paid employee working at only 90% efficiency level in this fast corporate world where employees are expected to work with 200% efficiency level?
The simple answer is no, he / she will be given a pink slip and his income will become Rs. 0/- per month from 75,000/- per month.
Financial freedom or financial security is all about generating PASSIVE income. Now the question that comes immediately in reader’s mind is what is this passive income?
Friends the income generated by our assets is called passive income. It is a type of income that is not affected due to our presence or absence.
e.g. all big businessmen like TATA, Mittals, Ambanis, BATAs, MAC Ds, Microsoft they all generate passive income as their owner’s presence or absence from the business is not at all going to effect the income generated by their business. Reason being they have taken their business to a stage where it has become an asset.
So friends all rich people enjoy financial freedom, financial security and time freedom.
Now the question is how can we achieve a financial freedom without leaving our current job or profession?
Let us discuss the best possible way to do so in detail.
The great economist Robert T. Kiyosaki has divided the people in the world into two sides and four types on the basis of legal ways they use to earn money:-
LEFT SIDE Right Side
NOW LET US COMPARE PEOPLE ON BOTH SIDES
LEFT SIDE RIGHT SIDE
Accounts to 90% of the total population Accounts to only 10% of the total population
Have only 10% of the total money in the circulation. Have 90% of the total money in the circulation.
Highly qualified Mostly average qualified
Work for right side people very hard to earn essentials and comforts for themselves. Make left side people work by purchasing their skills to secure income for themselves.
Don’t want to take any risks in life Believes that money cannot be earned in bulk without taking risks.
Have to work actively and continuously to earn money Their income is secured so their absence from work doesn’t affect their income
Take on example:
Who made NANO?
Who sells NANO?
Who earns profit from sale of NANO?
Here are the answers
TATA employed E class people to manufacture NANO and S class people to sell NANO but who is making real money?
YES none other than TATA (B class people).
If any car is sold from any corner of the country, the money will go in Tata’s pocket. Presence or absence of TATA will not affect business or profits of TATA. This is called secured income dear.
So incomes of B and I Class people are secured.
It’s very clear that highly qualified and hardworking people are on the left side but time freedom & money is no right side.
NOW ASK YOURSELF SOME QUESTIONS AGAIN
1. Whose children studies in big schools (left side or right side)?
2. Which side people go for frequent world tours?
3. Which side people live better life style?
4. Which side people travels in big cars?
5. Which side people’s generations are secured?
6. Which side people enjoy financial freedom?
7. Which side people enjoy the facilities of 5 & 7 star hotels?
The answer to all above questions is RIGHT SIDE PEOPLE i.e. B & I
BUT WHY IT IS SO?
This is due to the difference between thought process of Left and Right side people.
Left side people thinks that they do not have capital so how to reach on Right side. This is true to some extent. But Right side people thinks that capital can be created that’s why out of total Right side people 80% people started from scratch and they moved to success from scratch.
Left side people think that they do not have time to do anything else, yes it’s true because they have already sold their time to Right side people. But Right side people think that time can be purchased and there are lots of people of Left side to sell their time.
Left side people want to get rich by doing Savings. But Right side people want to become rich by making Investments.
Left side people put money in Banks with hope to make it double. But Right side people take out the money deposited by Left side people from the Banks and invest the same.
The major difference is that the Education, knowledge, IQ & Intelligence has finished the risk taking abilities of Left side people and right side people has risk taking capability.
NOW ROBERT T. KIYOSAKI WHO IS AN INDEPENDENT MULTI-MILLIONARE PERSON HAS STUDIED THIS CONCEPT.
He says that for a person in the Left side who want to jump to the right side
1. Without making investment,
2. Without leaving his / her existing work,
3. Without working full time,
4. Without disturbing existing savings,
5. Without taking any loan from bank,
6. Without taking much risk and letting anything.
The best and easiest option is MLM business that I am now going to discuss with you.
NOW WHAT IS MLM I will try to explain you in few minutes.
HERE I WOULD LIKE TO TELL YOU THAT THIS IS A CONCEPT THAT IS GOING TO BE A FUTURE TREND FOR ATLEAST COMING 30 YRS.
THE PEOPLE WHO ENTERS IN IT NOW WILL BE IN VERY GOOD SITUATION OTHERWISE ALSO IN COMING 5 YEARS YOU WILL BE SELF MOTIVATED TO JOIN THIS REVOLUTION. IN COMING 5 YEARS JOINING THIS BUSINESS WILL BECOME A NECESSITY.
Thomas Bata the founder of BATA Shoe Company understood the power of TIME and decided to do something like this:
HERE F1-FN ARE FRANCHISEES
Thomas BATA understood that time is the only constraint in unlimited earnings, so he removed this constraint by giving Franchise to shopkeepers (S-class people on Left Side). He asked shopkeepers to sell bata shoe on their shops, company will supply the stock and from profits made by them 4% is to be given to company and 96% is to be kept by shopkeeper. Here shopkeepers are called franchisees.
Now if BATA has 1000 Franchisees all over the country and each shop opens 10hrs a day then BATA is working total 1000*10=10,000 hrs her day. And if average profit per shop is Rs. 10,000/- per day, then Rs. 4,00,000/- per day will be deposited in BATA’s A/c per day.
IS’NT IS GREAT?
Though it is great for BATA but what if one of the franchises say F4 do not open his shop for 2 days?
He will straight away loose his two days profit i.e. Rs 20,000/- . This is because this F4 is a person who comes on the Left side (S Category).
Jay Van Andel and Rich DeVos studied this system and with some improvement introduced the new model as shown below:-
In this new model even franchisees appointed by BATA are allowed to further have their own group of franchisees and this goes on for other franchisees in the down line.
The main advantage of this model is that now even the income of all franchisees is secured and even if any one of them does not open the shop, he will not lose his profit.
Another improvement done in the system is that all mediators that are present between Manufacturer and Consumer of the product is removed my supplying products directly to the customers and the amount of 60% of the MRP that is saved as a result of removing mediators is also passed to the consumers.
This concept was called Direct Selling in America and is well known in INDIA with the name of MLM or Multi Level Marketing
NOW Let us take an example:
There is a person X having good salary who is living in a rented house and paying a rent of Rs. 5,000/- per month to his landlord. His job is non-transferable.
One day one of his very good friend Y who is a banker comes to meet him and advices him to buy a house instead of giving rent and to take a home loan from the bank for which the monthly installment will be Rs. 7,000/-. Now X on advice of Y takes decision to take loan from the bank and buy a house.
Now tell me X has taken a wise decision or not?
Definitely your answer will be ‘YES’.
But why ‘YES’?
Because paying rent was the essential expenditure of X. And he would have continued to pay rent for life without getting any benefit in future. But after taking loan from bank he is spending just a bit extra amount to own a house and the value of that house is going to increase in future. The amount that X was paying as EXPENSE has now become INVESTMENT. Now X owns a property that is going to appreciate in value. That’s why he has taken a wise decision.
So, if you take decision to convert any essential Expense in to Investment then it is always advisable.
The same decision is MLM (Multi Level Marketing).
We all are market consumers and buy essential daily used items from retailers. Retailers buy them from wholesalers. Wholesalers buy them from C&F agent. C&F agents buy them from marketing companies. Marketing companies buy them from factory, lots and lots of money is spent on advertising and the product that costs manufacturing company Rs. 30/- (with profit) reaches us at the cost of Rs. 100/-. We are paying 70- Rs. Extra per item of Rs. 100/- and we are forced to pay the extra amount because we are consumers and purchasing products is our essential expenses.
So, if we spend Rs. 5000/- per month on essential products, we are paying Rs. 3500/- per month Extra. That comes to be 42,000/- per year, Extra.
Have you ever thought about it?
Next we people do lot of savings for our future need e.g. for marriage of our daughter and when we marry our daughter all our savings again goes in the market and we again spend Rs. 70/- per hundred extra.
Also we buy products not by seeing advertising because in Ads celebrities tell us lie as they are getting good money for it. We buy products because of word of mouth publicity from our friends and relatives who tell us truth without any interest.
So we trust on friends and relatives and not on advertisements.
REMEMBER GIVING OPINION IS OUR HABIT AND OUR OPINION HAS MADE MANY BRAND PRODUCTS ROCK IN THE MARKET.
AT THE SAME TIME OUR OPINION HAS REMOVED MANY BRANDS FROM THE MARKETS COMPLETELY.
EXAMPLE:
1. Where has WESTON TV GONE?
2. Where has BINACA toothpaste gone?
3. LG TV is rocking in the market
4. General AC is rocking in the market
ALL BECAUSE WE SHARE OUR OPINIONS WITH OUR FRIENDS AND RELATIVES AND NOT DUE TO ADVERTISEMENTS.
GIVING OPINIONS IS IN THE NATURE OF HUMAN BEINGS AND WE CANNOT KEEP IT AWAY FROM OUR LIVES
NOW COMING TO MLM.
MLM says that the company gives quality products directly to consumers and also will pass on the savings due to non existence of mediators back to the consumers. In turn if you like the products, you give your friends and relatives opinion to use same products.
THIS WAY THE EXTRA AMOUNT THAT GOES IN TO MARKET FROM YOUR POCKETS WILL NOW COME BACK TO YOUR POCKETS AS RETURNS ON PURCHASING ESSENTIAL PRODUCTS FROM CORPORATION INSTEAD OF YOUR LOCAL RETAILER.
AND THISWAY OUR PURCHASING OF PRODUCTS IS NO LONGER AN EXPENSE BUT IT IS NOW CONVERTED IN TO A HEALTHY INVESTEMENT.
I HAVE ALREADY ENTERED INTO THIS BUSINESS AND ITS HAS CHANGED MY LIFE TO GREAT EXTENT. NOW I CAN VISUALIZE THAT ALL MY DREAMS WILL COME TRUE AND I WILL ALSO HAVE A SECURED INCOME.
I HAVE ALREADY TAKEN A WISE DECISION AND NOW IT’S A TIME FOR YOU TO TAKE A DECISION AND MAKE THE FUTURE AND INCOME OF YOUR FAMILY SECURED.
For more details call:
MANJEET SINGH
09529952219
Take simple example:
Suppose an employee works for 8 hrs a day and get a salary of Rs. 50,000/- per month. One day he realized that his responsibilities are going up and so are the expenses. So he decided to put in 4 hrs per day extra and somehow manage Rs. 25000/- per month extra. Now his total monthly income becomes Rs. 75000/- but he is working 12 hrs a day.
Now just think that there is a 10% decline in his efficiency. Will any employer tolerate that any of his highly paid employee working at only 90% efficiency level in this fast corporate world where employees are expected to work with 200% efficiency level?
The simple answer is no, he / she will be given a pink slip and his income will become Rs. 0/- per month from 75,000/- per month.
Financial freedom or financial security is all about generating PASSIVE income. Now the question that comes immediately in reader’s mind is what is this passive income?
Friends the income generated by our assets is called passive income. It is a type of income that is not affected due to our presence or absence.
e.g. all big businessmen like TATA, Mittals, Ambanis, BATAs, MAC Ds, Microsoft they all generate passive income as their owner’s presence or absence from the business is not at all going to effect the income generated by their business. Reason being they have taken their business to a stage where it has become an asset.
So friends all rich people enjoy financial freedom, financial security and time freedom.
Now the question is how can we achieve a financial freedom without leaving our current job or profession?
Let us discuss the best possible way to do so in detail.
The great economist Robert T. Kiyosaki has divided the people in the world into two sides and four types on the basis of legal ways they use to earn money:-
LEFT SIDE Right Side
NOW LET US COMPARE PEOPLE ON BOTH SIDES
LEFT SIDE RIGHT SIDE
Accounts to 90% of the total population Accounts to only 10% of the total population
Have only 10% of the total money in the circulation. Have 90% of the total money in the circulation.
Highly qualified Mostly average qualified
Work for right side people very hard to earn essentials and comforts for themselves. Make left side people work by purchasing their skills to secure income for themselves.
Don’t want to take any risks in life Believes that money cannot be earned in bulk without taking risks.
Have to work actively and continuously to earn money Their income is secured so their absence from work doesn’t affect their income
Take on example:
Who made NANO?
Who sells NANO?
Who earns profit from sale of NANO?
Here are the answers
TATA employed E class people to manufacture NANO and S class people to sell NANO but who is making real money?
YES none other than TATA (B class people).
If any car is sold from any corner of the country, the money will go in Tata’s pocket. Presence or absence of TATA will not affect business or profits of TATA. This is called secured income dear.
So incomes of B and I Class people are secured.
It’s very clear that highly qualified and hardworking people are on the left side but time freedom & money is no right side.
NOW ASK YOURSELF SOME QUESTIONS AGAIN
1. Whose children studies in big schools (left side or right side)?
2. Which side people go for frequent world tours?
3. Which side people live better life style?
4. Which side people travels in big cars?
5. Which side people’s generations are secured?
6. Which side people enjoy financial freedom?
7. Which side people enjoy the facilities of 5 & 7 star hotels?
The answer to all above questions is RIGHT SIDE PEOPLE i.e. B & I
BUT WHY IT IS SO?
This is due to the difference between thought process of Left and Right side people.
Left side people thinks that they do not have capital so how to reach on Right side. This is true to some extent. But Right side people thinks that capital can be created that’s why out of total Right side people 80% people started from scratch and they moved to success from scratch.
Left side people think that they do not have time to do anything else, yes it’s true because they have already sold their time to Right side people. But Right side people think that time can be purchased and there are lots of people of Left side to sell their time.
Left side people want to get rich by doing Savings. But Right side people want to become rich by making Investments.
Left side people put money in Banks with hope to make it double. But Right side people take out the money deposited by Left side people from the Banks and invest the same.
The major difference is that the Education, knowledge, IQ & Intelligence has finished the risk taking abilities of Left side people and right side people has risk taking capability.
NOW ROBERT T. KIYOSAKI WHO IS AN INDEPENDENT MULTI-MILLIONARE PERSON HAS STUDIED THIS CONCEPT.
He says that for a person in the Left side who want to jump to the right side
1. Without making investment,
2. Without leaving his / her existing work,
3. Without working full time,
4. Without disturbing existing savings,
5. Without taking any loan from bank,
6. Without taking much risk and letting anything.
The best and easiest option is MLM business that I am now going to discuss with you.
NOW WHAT IS MLM I will try to explain you in few minutes.
HERE I WOULD LIKE TO TELL YOU THAT THIS IS A CONCEPT THAT IS GOING TO BE A FUTURE TREND FOR ATLEAST COMING 30 YRS.
THE PEOPLE WHO ENTERS IN IT NOW WILL BE IN VERY GOOD SITUATION OTHERWISE ALSO IN COMING 5 YEARS YOU WILL BE SELF MOTIVATED TO JOIN THIS REVOLUTION. IN COMING 5 YEARS JOINING THIS BUSINESS WILL BECOME A NECESSITY.
Thomas Bata the founder of BATA Shoe Company understood the power of TIME and decided to do something like this:
HERE F1-FN ARE FRANCHISEES
Thomas BATA understood that time is the only constraint in unlimited earnings, so he removed this constraint by giving Franchise to shopkeepers (S-class people on Left Side). He asked shopkeepers to sell bata shoe on their shops, company will supply the stock and from profits made by them 4% is to be given to company and 96% is to be kept by shopkeeper. Here shopkeepers are called franchisees.
Now if BATA has 1000 Franchisees all over the country and each shop opens 10hrs a day then BATA is working total 1000*10=10,000 hrs her day. And if average profit per shop is Rs. 10,000/- per day, then Rs. 4,00,000/- per day will be deposited in BATA’s A/c per day.
IS’NT IS GREAT?
Though it is great for BATA but what if one of the franchises say F4 do not open his shop for 2 days?
He will straight away loose his two days profit i.e. Rs 20,000/- . This is because this F4 is a person who comes on the Left side (S Category).
Jay Van Andel and Rich DeVos studied this system and with some improvement introduced the new model as shown below:-
In this new model even franchisees appointed by BATA are allowed to further have their own group of franchisees and this goes on for other franchisees in the down line.
The main advantage of this model is that now even the income of all franchisees is secured and even if any one of them does not open the shop, he will not lose his profit.
Another improvement done in the system is that all mediators that are present between Manufacturer and Consumer of the product is removed my supplying products directly to the customers and the amount of 60% of the MRP that is saved as a result of removing mediators is also passed to the consumers.
This concept was called Direct Selling in America and is well known in INDIA with the name of MLM or Multi Level Marketing
NOW Let us take an example:
There is a person X having good salary who is living in a rented house and paying a rent of Rs. 5,000/- per month to his landlord. His job is non-transferable.
One day one of his very good friend Y who is a banker comes to meet him and advices him to buy a house instead of giving rent and to take a home loan from the bank for which the monthly installment will be Rs. 7,000/-. Now X on advice of Y takes decision to take loan from the bank and buy a house.
Now tell me X has taken a wise decision or not?
Definitely your answer will be ‘YES’.
But why ‘YES’?
Because paying rent was the essential expenditure of X. And he would have continued to pay rent for life without getting any benefit in future. But after taking loan from bank he is spending just a bit extra amount to own a house and the value of that house is going to increase in future. The amount that X was paying as EXPENSE has now become INVESTMENT. Now X owns a property that is going to appreciate in value. That’s why he has taken a wise decision.
So, if you take decision to convert any essential Expense in to Investment then it is always advisable.
The same decision is MLM (Multi Level Marketing).
We all are market consumers and buy essential daily used items from retailers. Retailers buy them from wholesalers. Wholesalers buy them from C&F agent. C&F agents buy them from marketing companies. Marketing companies buy them from factory, lots and lots of money is spent on advertising and the product that costs manufacturing company Rs. 30/- (with profit) reaches us at the cost of Rs. 100/-. We are paying 70- Rs. Extra per item of Rs. 100/- and we are forced to pay the extra amount because we are consumers and purchasing products is our essential expenses.
So, if we spend Rs. 5000/- per month on essential products, we are paying Rs. 3500/- per month Extra. That comes to be 42,000/- per year, Extra.
Have you ever thought about it?
Next we people do lot of savings for our future need e.g. for marriage of our daughter and when we marry our daughter all our savings again goes in the market and we again spend Rs. 70/- per hundred extra.
Also we buy products not by seeing advertising because in Ads celebrities tell us lie as they are getting good money for it. We buy products because of word of mouth publicity from our friends and relatives who tell us truth without any interest.
So we trust on friends and relatives and not on advertisements.
REMEMBER GIVING OPINION IS OUR HABIT AND OUR OPINION HAS MADE MANY BRAND PRODUCTS ROCK IN THE MARKET.
AT THE SAME TIME OUR OPINION HAS REMOVED MANY BRANDS FROM THE MARKETS COMPLETELY.
EXAMPLE:
1. Where has WESTON TV GONE?
2. Where has BINACA toothpaste gone?
3. LG TV is rocking in the market
4. General AC is rocking in the market
ALL BECAUSE WE SHARE OUR OPINIONS WITH OUR FRIENDS AND RELATIVES AND NOT DUE TO ADVERTISEMENTS.
GIVING OPINIONS IS IN THE NATURE OF HUMAN BEINGS AND WE CANNOT KEEP IT AWAY FROM OUR LIVES
NOW COMING TO MLM.
MLM says that the company gives quality products directly to consumers and also will pass on the savings due to non existence of mediators back to the consumers. In turn if you like the products, you give your friends and relatives opinion to use same products.
THIS WAY THE EXTRA AMOUNT THAT GOES IN TO MARKET FROM YOUR POCKETS WILL NOW COME BACK TO YOUR POCKETS AS RETURNS ON PURCHASING ESSENTIAL PRODUCTS FROM CORPORATION INSTEAD OF YOUR LOCAL RETAILER.
AND THISWAY OUR PURCHASING OF PRODUCTS IS NO LONGER AN EXPENSE BUT IT IS NOW CONVERTED IN TO A HEALTHY INVESTEMENT.
I HAVE ALREADY ENTERED INTO THIS BUSINESS AND ITS HAS CHANGED MY LIFE TO GREAT EXTENT. NOW I CAN VISUALIZE THAT ALL MY DREAMS WILL COME TRUE AND I WILL ALSO HAVE A SECURED INCOME.
I HAVE ALREADY TAKEN A WISE DECISION AND NOW IT’S A TIME FOR YOU TO TAKE A DECISION AND MAKE THE FUTURE AND INCOME OF YOUR FAMILY SECURED.
For more details call:
MANJEET SINGH
09529952219
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