5 SECRETS OF GETTING RICH

 

Ø Pay yourself first.

Ø Live on 20% of your income.

Ø Don’t lose your money ever.

Ø Invest in assets that make your cash flow.

Ø Get passive income to exceed earned income.

BEST DECISIONS TO MAKE IN YOUR 20'S

 

Ø Understand you have time.

Ø Meet lots of people and make a network of good people.

Ø Try new things and make healthy hobbies.

Ø Be patient and don’t take the stress.

Ø Learn as much as you can start reading.

Ø Build relevant skills.

Ø Get out of your comfort zone.

Ø Do the things you are passionate about.

Ø Make continuous improvements.

Ø Learn about yourself.

6 MENTAL TRICKS USED BY RICH PEOPLE !

1.  They tell themselves there is no shortage of money, even when they don’t have enough money.

2.  They think of money as a by-product.

3.  They set their expectations unreasonably high.

4.  They eliminate fear from their life.

5.  They take money as a friend.

6.  They tell themselves that getting rich is easy they just trained their mind for achieving more money.

LESSONS FROM BOOK "THINK AND GROW RICH"

 Ø OUR MINDS RECEIVE IDEAS FROM THE UNIVERSE

 We have to be positive in life to achieve and to attract the better when our mind is positive we start receiving ideas and messages from the universe.

Ø WIN OR QUIT, PICK A SIDE

Failure is a journey towards success. If you fail, understand it is temporary and success will be permanent.

Ø BURNING DESIRE FOR SOMETHING TO ACHIEVE

Napoleon says that for you to achieve a dream you need a burning desire to accomplish it.

 

Ø FAILURES DOESN’T MEAN YOU HAVE FAILED

People fail so many times that they believe that they don’t have what it takes everything takes time in life

Ø HAVE FAITH

 There are many people who begin chasing something but when failures occur their faith collapse and they get experience doubts and disbelief from everyone because no one will support you before success.

 

Ø THE IMPORTANT TAKEAWAY

 Napoleon hill's book think and grow rich has influenced many people who become successful here. It is full of lessons that can help you turn a simple idea into billions. These lessons are practical and straight forward and easy to apply in life. They are guidelines to a better, richer future for you

8 LESSONS I LEARNED FROM THE WORLD’S FAMOUS BOOK “RICH DAD POOR DAD”

1.    PUT YOUR MONEY TO WORK

You cannot get rich by just money sitting in a saving account you have to purchase and invest in appreciating assets because asset makes you rich.

 

2.    MONEY RETAINED

The amount of money retained matters a lot because it is not the amount you make; the matter is how much money you can save after all the necessary expenses of a month.

 

3.    ACQUIRE ASSETS

Rich people buy assets what makes them more money and poor people lose money when they buy something.

4.    YOU ARE NOT BORN TO WORK FOR OTHERS

You are not born to work for others only all of your life this will be modern slavery.  Most people know that but they can get more in life

 

5.    GAIN FINANCIAL KNOWLEDGE

Learn about investing, markets, accounting, and sales and in shares. It will help you to make better financial decisions. Financial knowledge helps you make more money.

 

6.    WINNING

Winning means not being afraid of losing. Never be afraid to take calculated risks. Those who play it safe will never make it big.

 

7.    PAY YOURSELF FIRST

Always pay yourself first every month, first make an investment in income-generating assets, the rest of your expenses should be next to it.

 

8.    DREAM BIG

Always dream big but you cannot earn millions of dollars just by dreaming of a small job, play and dreams big ventures, and play with pure heart.

Things to do as a freelancer to earn more than $100k in a year.

 

Freelance is the future and the world is already paying close attention to the unpredicted revenue numbers taken by freelancers all over the world in the last few years.  Freelancers are self-employed they are not working for someone they are working for themselves.

Freelancing not only gives one freedom to choose their work hours, but it also aspires them to do more because the amount of money one can earn is dependent on the amount of work one can deliver. Over the years, I’ve realized. Your success as a freelancer is largely dependent on your attitude towards work. The sooner you realize, there is a huge responsibility falling square on your shoulders to make ends meet, the better you are destined to work hard and work towards achieving your financial goals.

 

FOCUS

First of all you need to focus on yourself and think what suits you to do as a freelancer as you are working for yourself you have to think crystal clear. Many freelancers in the world can’t focus on things and after that they claim it very hard to earn money online.

Nothing in this world is easy or difficult but you have to learn that skill and polish it by practicing day in and day out and you will be successful in your field.

 

TIME

Time management is the key to get success in every part of life because without managing time or showing careless attitudes you cannot get desired results. So manage daily working hours to work and be consistent no day gap.

MANAGEMENT OF WORK

Manage your work like a pro lack of management leads you to failure. This field is for self-employed peoples who are working for themselves so nobody is there to teach you to manage your work you have to do by yourself.

MOTIVATION

Motivation is the biggest problem of freelancers because they start without learning any skill and failed and gets demotivated and start saying to themselves this is very difficult I worked so hard but gets nothing. Let me clear you one thing some rare people or people who are extremely lucky gets success in start but could not survive because they are lacking in skills.

You have to take your failure as a lesson to improve where you are lacking improve that and you will be a tough competitor to handle.

NEVER GIVE UP

Never ever give up on anything success takes time you just have to believe in yourself, believe in GOD, believe in your hard work and patience is key to get remarkable results.

 

Now, in simple words if you want to be a freelancer you need to earn money online in huge amount you just have to just sit and relax takes some time and think about your niche (field) in which u want to start.

Than identify your skills in which thing you are good at.

For example: blogging, content writing, digital products, affiliated marketing programs, social media marketing and so on.

If you have not above mentioned skills they just pick up your phone start making your own videos and put it on YouTube and let me clear you this will takes time to grow to give you money but you have to be consistent and miracles will start happening and you will start getting sponsorship and brand endorsement. So $100k is not the only target you can much more than that. Just dreams big and get big. 

What is the least amount of money someone has used to start a company and built it up to a million dollars or more?

 We started our last company with no outside money and very little founder money. We grew it to about $12 million in annual revenue and sold it to a Fortune 500 in just under 5 years. How did we do that, you ask?

Well, there were 3 founders and each contributed something very important.

Founder #1: was a serial tech entrepreneur that had a successful prior exit (single, maybe a double at best) and a couple of other small endeavors going. However, what he had that was really valuable was a development team that we could "buy by the drink" from until we could afford our own "bottle". His developers were not strategist but they were very good at implementing what we came up with (btw - the Reid Hoffman quote, "if you aren't sufficiently embarrassed by the first release of your product then you waited too long to release it, is VERY true!)

Founder #2: was a seasoned IT executive with entrepreneurial aspirations who had a very strong business network. What he had was an audience with some very senior tech execs (CIO of F500 level guys) that was willing to listen to what we were pitching. One of those turned out to be our first customer. That first customer proved more valuable than a million dollars worth of outside money!

Founder #3: was me. I had an "entrepreneurial-ish" background (as much a wanna be who fashioned himself an entrepreneur as anything). I had been an IT exec and just completed a 3 years expat gig just outside of London where I got off the plane and founded a business division from scratch (albeit for a public fintech company - but it gave me the confidence that I knew how to start and scale a business). I also had the key idea for the "engine" to run our solution based on my last job.

We started the company on Jan. 3. 2003. It was really just me, a shoebox of office supplies and a laptop. I "squatted" in founder #1's offices from his other endeavor. I would say the other two founders were pretty silent as partners for the first few months (save the occasional strategy meetings, developer intros or customer calls).

In March of 2003, we started pitching our product idea (PowerPoint only, no code), to whomever would listen. We did about 50 distinct customer meetings and finally got a F500 CIO to "sponsor us" to a business unit. By May 2003, we convinced that unit to buy (all futures based) and because we had a great relationship, got them to pay about 50% up front. This was a $500k deal so about $250k. WARNING: This is REALLY rare! I don't advise this strategy as your only course of action to getting capital.

By November of 2003, we delivered the first version of our product and it went live in the business just before Christmas. In February of 2004, they called to say that in their just completed off-site managers meeting, our solution had been voted as one of their best operational initiatives of 2003. They wanted more!

Over the next 4 years we signed many F500 customers (several with up front partial payment terms), only took two small rounds of venture debt (loans we repaid with interest and only a percent or two of equity tied to them) and sold the company on December 7, 2007 (yes, that is Pearl Harbor Day but we also shook hands and agreed to start the company on Friday, the 13th of December 2002, so I guess those are good bookends!)

So, it can be done but you need something that substitutues for outside capital. That can be founder's capital (this is why subsequent start ups after a first success get a bit easier to handle), an earth shattering idea, or, in our case, access to the first potential customer. I would say the first customer for us was way more valuable (we were selling enterprise B2B premise-based software - that's really tough as a small company).

You just need to decide what your assets are that you can put in play!

P.S. If you ever do go to a company and get them to pay for futures based software. ALWAYS wear a poker face that you have already got most of it done or you run the risk of getting a customer but loosing control of your intellectual property. Then you just become a paid consultant.

How can I use Quora to make money?

 What is Quora?

Quora is an online platform, where in you can ask your questions and get them answered by others, or you yourself can provide an answer to someone else’s queries.

Thus this platform is basically designed to help others with their problems and provide them with honest and truthful solutions.

Making Money Through Quora

Well if you have good content, you can surely monetise it. But before that you need to build a relationship and generate trust amongst your readers or subscribers.

And honestly any platform onilne is a great platform to earn handsome income through it.

Quora is not different. The fact that Digital marketing has long been proved successful and has let many more avenues open for people to make money online.

Quora is certainly beneficial but you need to take care of the rules and regulations on it, apply your answers truthfully and honestly without trying to fool around people, who are here on this platform to seek help.

You must have seen a few links in the Quora answers sometimes. These are not just normal links you visit. These are advertising links, which is the real reason you make money through Quora.

Affiliate Marketing

You can make money online through Quora, of course by implementing the Affiliate marketing strategy and techniques of digital marketing.

What is Affiliate marketing?

When you talk about a product or service in your answer, at the end you put a link for people to buy the same product of some online shopping portal, famous being Amazon. There are many others as well though.

When any user clicks on the link provided by you, you will get paid a commission through Amazon (for example) of about 4-15% depending upon the product type and value.

Now just imagine if many people follow you on Quora, and they click on this link, you would certainly be able to make loads of money through this Affiliate marketing programs.

It is like you are getting paid a referral bonus for referring the products of the third party website, Amazon in this case, to your potential customers or readers and followers.

Now coming back to Quora, For garnering this huge amount of followers, you need to work hard on your relationship building. And this is possible only if you provide them with honest and great quality content.

For this you need to know how to sell your content. So these are certainly some basic skills you need to learn first before heading into making money through Quora.

Learning Content Marketing and Affiliate marketing first

Learning the two is not that difficult, but you need to put in a lot of efforts to learn it. A lot of research and study is required. There are many online free sources available on the Internet these days. Refer to them and increase your knowledge. Try to implement them practically and learn some more.

And then join a good reputed Content Marketing and Affiliate marketing course from a premium digital marketing institute such as the Digital Vidya. They will surely help you with all your concerns as regards content marketing and affiliate marketing and how to make money on Quora using these two techniques.

What are some books that teach you how to make a passive income?

 Here are the top 10 - Rich Dad Poor Dad, 4 hour work week, 5 day weekend, the passive income myth, the book on rental property investing, the $100 startup, The six figure second income, the Millionaire Fastlane, the boggle head guide to investing and the barefoot investor.

There are reviews of each book on the website, overall the best lesson I learnt from Rich Dad Poor Dad is Rich people buy assets, poor people buy liabilities.

What does this mean? To give you an example take 2 people who are both earning a monthly paycheck of $4,000. The rich person would take that paycheck and immediately invest $3,500 of it and get that money working for him to make more and more money. This could be in the form of shares, or investing it into his vending machine business, or putting into a term deposit. The remaining $500 he will keep and will use it to pay for his expenses. The poor person would take that paycheck and spend it on that new suit he wanted, the new pair of shoes to match the suit, a brand new watch, and pay his credit card off. There will be a small portion left for his monthly expenses. Do you see the difference here? It seems like the poor person will always be poor, as they don’t understand this concept. Let me repeat that lesson again for you so you understand it. Rich people buy assets, poor people buy liabilities. I know at times it can be difficult as you genuinely do need to buy a new suit for work as your previous one is getting thread bare and you have been wearing it for a few year, however the point of this is to recognize that this money could be better spent elsewhere and to be conscious that this is not going to make me richer. I guess secondary to this is that anything you buy that does not directly generate income for you is a liability i.e. you motor vehicle. This may take you from work but it is a liability. It will never make money for you; it will only cost you (unless you are in the business of flipping cars for profit). The new suit you wanted to buy is a liability it is not an asset. Only ever buy assets.

What would you do with 1 billion dollars?

 I would do the following:

1. Take time out to learn programming and complete some online courses on machine learning etc.
2. Deepen my knowledge of Physics and Statistics. Possibly, go through quantum mechanics again.
3. Do more outdoor stuff and treks every week.
4. Go running or workout every morning.
5. Try to solve some interesting real life problems in education and healthcare. e.g., low cost diagnostics or teaching science to kids in rural areas.

Oh wait!

What does all this (except maybe point no. 5) have to do with having $1 billion?

Very little. And that is precisely the point. In our daily lives, we want to do things that we find meaningful and enjoyable. Why will that change when we have $1 billion? Yes, we can buy more things. But how much will you buy? What will you do after you have bought them? And we need enough money for core needs and a safety net, but you hit that level much much much before $1 billion.

Don’t get me wrong: it is not that money does not matter. It matters a hell lot when you are struggling to meet your basic needs. But soon after that other things start mattering more.

And the funny part is that when it comes to things that really matter, you can’t buy them even with $1 billion. Many years ago in Mumbai, one day I was doing an early morning run. I saw a familiar figure with sunglasses running on the road, along with a guy who looked like his bodyguard. It was Anil Ambani, who was preparing for the upcoming marathon. He was sweating and exerting himself just like all of us.

For health and fitness, a billionaire has to run just like anyone else. You can’t buy health. You can’t buy happiness. You can’t buy peace of mind.

Why should we remind ourselves of this? Because we go about our lives totally focused on becoming super-rich, even though many of the luxuries available to billionaires are right in front of us all the time.

So why don’t we live like a billionaire today?

What is the best way to get $1 million?

 I’ll share with you a technique that is far more powerful and practical than any single answer that people will give you.

I loosely call it backward chain reasoning, and the idea is to start from the end (having a million dollars in your bank account, let’s say) and reason backward.

What has to happen before that?

Perhaps:

“I need to have a business that has yearly sales of $1 million.”

Then:

For that to happen, I need to have a product, a sales force, a target market. And so on.

Or let’s put it more simply this way:

$1 million in bank account
… Small business producing $1M in sales per year
… … Product to sell
… … … Innovation system
… … Staff
… … … Budget to pay them
… … … … Startup capital
… … … Training system
… … Target market
… … … Market research
… … … Business plan
… … Marketing system
… … … Digital marketing system

You get the point.

Another complementary technique is to use high-level math to “play around” so as to activate your imagination and see possibilities.

For example, I’m going to become a billionaire so what do I need to make this happen?

100 licensed business operators selling $1,000 product to 10,000 customers.

100 X $1,000 X 10,000 = $1,000,000,000 in sales

Sure, I have to share the profits with my 100 operators, but hey, that’s not a problem, there’s enough money for everyone!

The above means that EACH operator must attract 10,000 customers per year, so about 28 customers per day.

A product priced at $1,000 might sound expensive, but if it’s a membership site charging $84 per month, it then looks more feasible as that seems to be more value for customers.

(So customers pay $1,000 a year for membership).

Since I would have access, every day, to the sales and marketing systems and dashboards of my operators, I can jump in and help them if needed.

“Whoa! Whoa! Whoa! John! Your sales are down 20% from last week! What’s going on?! Skype me, let’s fix this problem!”

This kind of “big numbers” exercise might seem crazy to ultra-rational people, but in fact, it’s a great way to become mentally flexible and use one’s imagination.

Something that most people don’t do!!

Let’s remember that “the man who thinks that 10 million dollars is a lot of money, is not the kind of man who can make that kind of money.”

What kind of man are you? :)

Money Secret

 میرا تعلق مڈل کلاس گھرانے سے ہے۔ رشتے دار، دوست یار، جاننے والے، غرض کے سب ہی مڈل کلاس فیملیوں سے تعلق رکھتے ہیں

ایک چیز جو میں نے مڈل کلاس گھرانوں کے حوالے سے سیکھی ہے وہ یہ ہے کہ ان گھرانوں کی سوچ میں فنانشل معاملات خاص کر کام کے حوالے سے بہت خوف موجود ہوتا ہے۔ یہ اپنی اگلی نسل میں اس خوف کو "حفاظت" کے نام پر منتقل کردیتے ہیں

ان فیملیوں میں اپنے بچوں کو رسک لینے سے خوب ڈرایا جاتا ہے۔ ناکامی سے ہر صورت بچنے تلقین کی جاتی ہے۔ کوئی نیا اور بھیڑ چال سے ہٹ کر قدم اٹھانے کو انتہائی غلط باور کرایا جاتا ہے

نتیجہ یہ نکلتا ہے کہ مڈل کلاس گھرانوں کے بچے شروع سے ہی روٹین لائف میں خود کو قید کرلیتے ہیں۔ وہ اس سائیکل سے باہر نکلنے کی کبھی ہمت ہی نہیں کرتے اور مطمئن ہوکر لگی بندھی زندگی گزارنے کو ترجیح دیتے ہیں

مڈل کلاس گھرانوں میں پیسے کو بینک میں جمع کرنے اور صرف پراپرٹی جیسی محفوظ سرمایاکاری میں لگانے کا درس دیا جاتا ہے

اسکے برعکس، اپر کلاس میں اپنے بچوں کی تربیت مختلف انداز سے کی جاتی ہے۔ انھیں بچپن سے رسک لینا سکھایا جاتا ہے۔ کچھ نیا کرنے پر اکسایا جاتا ہے۔ نقصان کو پارٹ آف دا لائف بتایا جاتا ہے۔

یہاں پیسے کو جمع کرنے کی بجائے اسے ٹول کے طور پر استعمال کرنے کا درس دیا جاتا ہے۔ نت نئی انویسٹمنٹ کرنے کی حوصلہ افزائی کی جاتی ہے۔ یہ محفوظ نوکری کی بجائے، رسک والے پر تیزی سے ترقی کرنے والے کام کو ترجیح دیتے ہیں

آپ میں سے کچھ لوگ سوچیں گے کہ اپر کلاس کے پاس پیسہ موجود ہوتا ہے اسی وجہ سے وہ فنانشل معاملات میں aggressive ہوتے ہیں

یہ حقیقت ہے پر ہر کیس میں ایسا نہیں ہوتا۔ بہت سے لوگ مڈل تو کیا، لوئر مڈل کلاس سے تعلق رکھنے کے باوجود صرف اس لیے ترقی کرجاتے ہیں کہ ان کی فنانشل اپروچ بہت جارحانہ ہوتی ہے

مڈل کلاس گھرانوں کے لیے پیسہ، مصیبت کے وقت کام آنے والی چیز ہے۔ لہذا وہ ان دیکھی مصیبت کے انتظار میں پیسے کو بینکوں میں جمع کرتے رہتے زندگی گزار دیتے ہیں

امیر گھرانوں کے لیے پیسہ آگے بڑھنے اور نئے مواقع آزمانے کا ٹول ہے۔ لہذا وہ اس ٹول کا مسلسل استعمال کرتے رہتے اور آگے سے آگے بڑھتے چلے جاتے ہیں

یہی اپروچ کا بنیادی فرق ہے

اگر آپ بھی ترقی کرنا چاہتے ہیں تو آپ کو اپنی سوچ لازمی بدلنی ہوگی۔ بینکوں میں پیسے جمع کرکے آپ نقصان سے تو محفوظ رہ سکتے ہیں پر زندگی میں کبھی ایک خاص حد سے آگے نہیں بڑھ سکتے

ترقی کرنے کا ایک ہی رول ہے وہ ہے پیسے کو بطور ٹول استعمال کرنا اور چھوٹی چھوٹی رقموں سے نت نئے تجربات کرنا

اس حوالے سے کسی mentor کو ساتھ ملا لیجیے تو نقصان کا اندیشہ بہت کم ہوجائے گا

زندگی ایک بار ملتی ہے۔ اسے لگی بندھی ڈگر پر نہ گزاریے

بینکوں میں پیسہ جوڑنے سے بہتر ہے کہ اس سرمائے سے چھوٹے چھوٹے چانس لیتے رہئیے۔۔۔۔۔!!!!

نوٹ: یہ بہت تفصیل طلب موضوع ہے۔ ایک الگ سوچ ہے جس سے بہت سے دوست احباب یقیناً اختلاف کرنا چاہیں گے۔ آپ کے ایسے تمام اعتراضات اور سوالات کا پوسٹوں کی شکل میں وقتاً فوقتاً جواب دیتا رہوں گا

ایک بات کا ذکر کرتا چلوں۔ میری وال پر میں ایسا مشورہ میں کبھی نہیں دیتا جس پر کئی سالوں سے خود عمل پیرا نہ ہوں۔ یہاں اپنے تجربات کا نچوڑ ہی پیش کرتا ہوں

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