On demand of few People from Rotary Midtown Club Rajkot
It is written keeping in Mind the Indian Scenario
1) Banking System itself is Scam
Banking System is the best way to grab general public money and Provide them as loan to Super rich who ultimately bankrupt by unfair mean.Although we consider it as the most authentic and reliable place to keep Money.
2) Rule of 72
If you want to know when your Money in savings will double just divide 72 by Rate of Interest.
3) You are Loosing Money in bank Every Year
The inflation rate is always above the interest rate bank provide for Fix Deposit or savings.
You are Loosing Money not in numerical term but by money loosing it’s value due to inflation.
Things that cost 100 rupees will cost 108 next year,interest rate of bank is 4% ,so you loose 4 rupees .
4) Money Makes Money
There is a saying that Idea is more Important than Money.
Rich are Getting Richer and Poor are getting Poorer.This is purely compound interest effect that show up as the year passes.For Rich it’s J-Curve for Poor it’s Reverse.
6) A Person fighting in Youth To Learn gets Rich
It is because the energy,the zest and the learning and grasping ability is at its peak in the age before 30 years.Chances for those who started after 30 has very remote Chance of success.
7) Your Education has Nothing to do with Your Financial Intelligence
How many Chartered Accountant becomes Millionaire? Hardly Any.Why?
They know Accounting but don’t know how money comes,the Cash flow Quadrant and the Legal Escapes -Money Loopholes.
8) Asset sometimes is A Liability
Believe it or not.If you but asset that cost you dear every month in form installment sometimes.A car can cost you installment,insirance,maintainance,fuel cost and Repairs.
9) Share Market is For Experienced
Probability of winning a lottery in Equity market is matter of understanding the economics,the Internal Information and the study of the performance goal and Financial statement of the company for longer duration.People Gamble,Brokers earn & consoles and the Boss Wins the long game.
10) Cash Win
When it comes to Credit and Debit those who have liquidity or cash in hand win the game against the competitors.
11) Appearing Rich & Being Rich is Different
Simplicity is sometimes the sign of your richness not outer look.Mukesh Ambani, Warren Buffet are Prime Examples of the above statement.
12) Money Doesn’t stay to those who don’t know How to do it
It is as correct as 2 plus 2 equals 4.Those who know and learn to acquire money are the ones who are real Masters in learning new Everyday.
13) Speculation is Gambling
Accurate knowledge and Facts are important than Speculation.Being speculative mean you are Watching the Movie (Market) where you pretend to be Leading actor of that,which is illusion.
14) Diverse Portfolio is Playing Safe Not the Appreciating Investment
You say you put money in various Industries,You screw up your money in Many fields and people have a Pride which made a marginal Profit.
In Equity Market the players loose and audience Win who stayed for Longer.
15) Invest In Your self
The greatest asset anyone on this planet have is Their own Brain.If you invest to develop your brain and improve your skills then that would be the best investment that anyone can ever make.
Thank You…Hope you find it Useful..😃