Learn the rules of money
Money: Since ancient time we individual are governed by rule of giving and taking. When we work in an organization, we give our time to do work for the organization and in return we get some money. Thus the process of giving and taking work in a synchronous way . Nowadays, money plays a major role in each and every aspect of life. Earning money became the major priority of an individuals life. We are well aware that 96% of total money resides with the 4% of the people and 4% of the total money is distributed among 96% of the people. This imbalance arises only due to lack of knowledge of money by 96% of people and good knowledge of money by 4% of the people. This 4% people knows the rule of money, their way of working, their way of talking, their each activity is governed by rules of money. they continuously learn the process of making money. When an individual knows the process and rules of money ,the money itself take it way in their hand, he /she do not have any fear of losing the source of income(i.e. job in most case). The process of making money rest in every individuals hand and individual itself is responsible for amount of money in his bank balance. The only difference between rich and poor is the thinking by their mindset. Poor is poor because they think every opportunity is a scam on the other hand the person who create good wealth take up opportunity and make it work in very functional way. Money rest in only those hand who knows the rule of money.
Rules of money : A well known quotes("Money makes money") holds good in this rule. Rules of money are directly dependent on the systematic process in which people need to put money on work instead of working very hard on their own. There are some key principle on which an individual can put money on work for them.
1) Save part of your income: When you work in an organization or do any business or having any source of income, try to save a good part of your income, this can be achieved by reducing expense on the things that are not important. Try avoiding party all time. Eg : do not buy 1500₹ wallet for keeping 150₹ in it, instead buy 150₹ wallet for keeping 1500₹.
2)Invest in stocks: Investing in stock market, equity share or commodities or derivatives always gives you a good dividend. Most of people think it is a scam, The people who take this as opportunity are the good scorer. Investing in stock method of making a good amount of money. It is the easiest method of making money. Approximately 50% of people in US earn money through share markets and on the other hand only 2% people in India do invest in stock market. Need to invest in stock Click here.
3) Invest in rental properties: Investing in rental property serves as the best source of income. The rental properties give you money through out. You are liable to get good amount through renting your properties to a needy. In metropolitian cities ,most of the corporate world pays good amount for rental properties which is the passive source of income.
4) Learning Valuable skills: Your skills always pays you a good return. All the millionaire in the world have a key principle in them that they have learned valuable skills from various source and they are continuously becoming rich only because they are continuously learning new skills. When you have the skill you can use that skill to solve problem of the people and you can earn a good amount. Good skill that pays you a good amount is Learn to sale and Learn to network.
5) Blogging/ Social media/ Youtube: This are the extremely fabulous way of making a passive income. Social media have the power through which you can reach till every individual in the world through which you can network. Rich people always network. Blogging make you to earn mostly by placing ads. Youtube video on proper niche is the best way of making a huge money. Affiliate marketing done via social media is the best way of making earnings. Approximately $6.4 billion amount is earned throughout the global via affiliate marketing.
6) Start a business: business has the very good rule of multiplying your money fast. Start a business with whatever you have, start hustling in it everyday, be consistent, you will be able to see the results. Most of the businessman are always wealthy. They know hoe to network, how to sale.( Your 9am-5pm job will only pays your bill but 6pm-12am develops a skill).Job is not a appropriate way of becoming rich. Your 6-12 skills are the actual way of becoming rich. Constantly develop a skill and start a business.
Conclusion: If you are a having only on source of income, i.e your job you are only one step away from poverty. Develop multiple streams of income and it is achieved via above mentioned principle. Continuously develop new skills and read books daily.
Nice thoughts...
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