admin@pahalforfinfree.com 1 Comment

Don’t Work for Money Let Your Money Work for You.

Source: Vietnam Manpower

The rich don’t work for money. The poor and the middle class work for money. The rich have money to work for them. – Robert Kiyosaki

When you work for money, you pay a 30% tax; when money works for you, you pay only a 10% tax. You have a boss to please when you work for money; when money works for you, you are the boss to please. When you work for a living, your pay is a mystery. But when money works for you, it’s a beautiful story.

When you work for money, you must apply for holiday leave; when your money works for you, your life is a vacation. When you work for money, your time is not your time; when your money works for you, you are the lord of your time.

Source: Slideshare

When you work for money, you must wear various masks to survive. You can be yourself when your money works for you. When you work for money, you become a puppet in the political whirlpool; when money works for you, you remain above politics.

You are in the rat race when you work for money. You can casually walk at your own pace when money works for you. When you work for money, your EMI is like a sword that hangs over you; when money works for you, your SIP is like a shield that protects you from every adversary.

You are full of jealousy when you work for money. Nobody can envy you when money works for you. When you work for money, Monday morning blues set in; when money works for you, you do not know what day it is.

When you work for money, everything around you is insecure; when money works for you, everything around you is very secure. You crave a little family life when you work for money; when money works for you, your family becomes your entire life.

When you work for money, your vision is leadership, and your mission is market share; when money works for you, your vision is problem-solving, and your mission is team building. When you work for money, your hunger grows; when money works for you, you consider world hunger.

You want a jet-like speed when you work for money; when money works for you, you can slow down and see, smell, and savor the surrounding beauty. You hope for compounding when you work for money; when money works for you, you experience compounding.

When you work for money, you see wealth in happiness; when money works for you, you see happiness in wealth. If you want money to work for you, create a financial freedom road map.

Happy Reading!!!

Viralkumar Shah (Certified Financial Planner CM – USA)

Financial Happiness and Wellness Coach

admin@pahalforfinfree.com No Comments

A Secret of Wealthy Person

Only 1% of people are wealthy (>$1 Million) in the world as per Credit Suisse 2020 Global Wealth Report.

This is due to how they are managing money and their mindset towards money. I got the inspiration to write this blog from Ken Honda’s Japanese Book (Solutions to Money Issues).

Wealthy people spend money on things that generate money. If you want to become wealthy then you have to increase your money IQ that is “spend your money wisely”.

Often, the reason people can’t save money is that they make poor choices when they spend their money. In fact, I would even say that learning how to spend your money is often a more difficult task than learning how to earn your money.

Let me introduce a secret wealth people follows:

Wealthy people spend money on “Things that make them Wealthy.”

Poor people spend money on “Things that make them feel Wealthy.”

Contrary to popular belief, truly wealthy people don’t own a ton of brand-name products and expensive vehicles (although they do own some).

The reason is simple: Branded products and expensive vehicles don’t generate money for them. In other words, it would be a typical “consumption” to spend money on branded products and expensive vehicles, because the money spent on them will just disappear.

Some people say, “Wearing branded clothes makes me feel good, and it has a positive impact on my work.” But if you really think about it, such a purchase is sure to make you poorer by taking the money out of your wallet.

In other words, you spent the money to get the “feeling of wealth.”

Truly wealthy people spend money in an entirely different manner. When they purchase a product, they will find a craftsman that they truly like, and ask the craftsman to make something that sparks joy in them.

Such a craftsman may not be famous. But if the craftsman is highly skilled, he can produce a high-quality product (at the level equal to brand-name products) for half the price or less.

To elaborate further, instead of consuming luxury, wealthy people purchase good stocks and good pieces of real estate. They spend money on things that generate money.

In other words, wealthy people spend money on “investments” rather than consumption.

Of course, Wealthy people invest money in themselves, too. If acquiring knowledge helps them generate more money, they don’t hesitate to invest money in themselves.

People often say that wealthy people make detailed calculations to make sure that they don’t waste even a rupee. Such a stereotype creates an image of wealthy people as just stingy people.

But that’s not who they really are. Wealthy people think about whether the money that they spend (even if it’s just a dollar) will come back to them with “friends.”

Wealthy people spend money in a way that brings life to money.

Happy Reading!!! 

CFP CM ViralKumar Shah (Financial Happiness & Wellness Coach)

admin@pahalforfinfree.com No Comments

Shining Ratio To Financial Freedom

“Work is money, money is happiness,” a catchy sentence that many have heard since childhood. It teaches us that we have to work to make money. And happiness comes from having money to spend We have to be people who earn from working to very hard as we are. But nowadays, our income may not necessarily come from work alone.

Image Source: freepick.com

Image Source: freepick.com

Read more