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The Biggest Secret of Wealth Creation
The Biggest Secret of Wealth Creation
Or
How we foolishly remain blindsided to the massive wealth that pours upon us
Or
Why we fail to notice the biggest wealth creating phenomenon of our lives
To know about this read on …..
1) Life gives us two opportunities, one easier one and the other a little difficult
2) Taking up a job that provides you an immediate income like from nothing to Rs 1 lac per month
3) Becoming an Investor which demands initial sacrifice but can do wonders at a later stage
4) Let’s say a person earning two lac per month also has been gifted Rs 75 lac as an investment corpus
5) Let’s assume that both salary & investment grow at 10% per annum
6) In just 5 years this person’s other income becomes nearly equal to his Salary Income
7) In 10 years the other income is almost double the Salary Income and in 11 years it becomes more than twice the Salary Income
8) Just imagine your money is providing you double salary, growing at a faster pace and providing you 24 hours a day
9) While your job is paying you half your salary, growing at a slower uncertain pace and taking up at least 12 hours of your day
10) The Inflection Point is the moment your other income becomes equal to your Salary Income
11) After this point one should stop focusing on the Salary and start looking at life through a different lens
12) The Blue Line represents the Salary and the Red Line represents the Other Income
13) However, even after the infection point we continue to base our expenses on the Salary (blue line)
14) Instead if one were to design his or her life based on total income, the infection point offers many opportunities
15) First and foremost we can recalibrate our lifestyle based upon total cost which we completely miss out because old habits die hard
16) Secondly we must be mindful of Time Freedom by this time and choose to change tracks
17) Inflection Point opens up the doors to living a more meaningful and purposeful life
18) This is the point to start focusing upon buying (investing) assets, start ups, owning enterprises and also a foundation to help the society
19) This is the point when your realize the Power of Valuation Wealth and realize it’s magnitude with respect to Salary Income.
20) All good work and sacrifices of the past become the source of abundance. Even a Social Foundation to help people will enhance the valuation of your other assets.
21) But unfortunately people miss out on the Inflection point. The Inflection point is the time when anything good and satisfying you do brings money into your system
22) However most people are not mindful of this awesome occurrence and continue to toil in their jobs
23) They continue to base their expenses on their Salary Income and remain blindsided to their Assets that continue compound frenetically pouring Massive Wealth upon them
22) Unfortunately they are not sensitive to this marvel and eventually end up living poor and dying rich
I rest my case
