How can we get rich

 BILL GATTES has said if you born poor it is not your mistake but if you die poor it is only your mistake.We must understand that if we change our poor mindset and take some small steps we can become rich in near future.To be rich is our  fundamental right we will have to work with such mindset.Our goal to be rich must be very clear.If we become clear in our inner world we also start taking those steps which make clear our ways in outer world. 

  To be rich in every part of our lives there need to take some easy steps which are follows:-

1.We should always focus on learning.The more we learn the more we get its retturn in compounding form.If we don't try to learn we loose also in compounding form.

2.Always try to learn high paying skills.We can easily understand that a rickshaw puller can not expect to get so much money as a pilot is paid.Means to say that if we learn those skills for which huge amount is paid we can easily increase our networth.

3.We must stop buying liabilities. We should start buying assets. For we should understand the difference between liabilities and assets. Those things which value decreases after our buying are liabilities eg- cars,TV, garments, mobiles etc are liabilities. Those things which value increases after our buying are assets eg:-a pice of land,our investment, gold,fd,real-estate etc are assets.

4.We should develope the habits of savings and invest saved money from where we can get good retturn on it.

       These are some small but important steps if we take in out lives and follow some discipline we will become rich very soon.

Comments

Popular posts from this blog

FINANCIAL LITERACY IN INDIA:-

Day to day financial habbits of a common man