How to become rich in India? : Becoming rich requires a lot of hard work, dedication and patience. it is true that impossible means nothing but dedication to succeed.
Here’s the how to become rich in India : people think that doing investment or putting money inn the bank is the only way towards rich life. however, there are some other smart ways are available which will help you to become rich fast in India.
Develop a strong philosophy and invest in yourself:
This is the first steps to become rich in India fast: Investing in yourself may be the most profitable investment you ever make. it yields not only future returns, but often a current pay-off as well. in order to become rich you must develop a strong philosophy and acquiring a new skills.
there are many resources available to gain skills and acquire knowledge, invest in the valuable courses that will enhance your knowledge and skills.
Do not buy expensive clothes, smartphones watches, etc,. instead of this buy books on investing.
Spend Profit Not Income
This is the second steps to become rich in India fast: Profit is the amount left after deducting of all kinds of costs, expenses, etc. from the income or revenue. in short, we can say profit is the revenue which is left after deducting the expenses.
Income is basically the total amount earned by any individuals. thus this is the basis difference of profit and income, so make sure you only spend profit not your income.
Set BIG Goals
This is the third steps to become rich in India: Goal setting is everywhere in our world. we set goals for our careers, our health and our lives in general. so why not set BIG goal to achieve financial freedom?
It seems modern society is always encouraging us to think about the next milestone. However, what we do not think about enough is the right strategy of how to accomplish your goals.
Focus on Earning And Hangout with the People you Admire
This is the fourth steps to become rich in India: Before focusing on earning you need to focus on the value you are providing to people. Earning will fall down.
So the question is how you can add value to the people life?
- Give solution to their worries
- Make their problems appear smaller
- Make them feel important
- Educate them
- Make a difficult task easier for them
And you want at least one of your friends to be your motivator. the person you look up to and admire. you’re genuinely impressed by them.
They are a hard worker, creative person and constantly show you what could be possible for you too.
ALSO READ : Business tips to learn from your local chaiwala
Invest your Money In Right Way
This is the fifth steps to become rich in India fast: There is no doubt that times are tough for some people now.
You may be working flat out at a full-time job but still looking for ways to bump up your monthly pay, or you may be needing to find new ways to make money if your work situation is looking shaky.
These are the top investment options:
- public provident fund (PPF)
- National pension system (NPS)
- Equity linked savings scheme (ELSS)
- Mutual funds
- Fixed Deposit
- Real Estate
Do not buy Unnecessary Luxury Stuff
This is the sixth steps to become rich in India fast: Stop spending your money to impress others.
Do not buy the things which is not more important to you or if you can borrow from other.
This is the poor mentality of people who buy unnecessary luxury items just to show their fake lifestyle in society.
This is the seventh steps to become rich in India fast: Smoking is bad for you. And yes, i know you know. but have you stopped to consider how much cigarettes might be costing you every days and years?
if you want to stop smoking, you can start by making these small lifestyle changes to get you nicotine-free :
- make a list of reason why you are stopping
- Bin your lighter
- Tell everyone you are stopping
- use nicotine alternate products
Focus on Passive Source of Income
This is the eighth steps to become rich in India fast: If you are only depend on your salary you are going to be broke soon.
first let me tell you what is active and passive source of income? active source of income is the money you get when you are working.
if you stop working your income will also stop this it is known as active source of income.
And the passive source of income is you work one time and you are getting paid every time without working again on the same work is known as passive income.
So again the question is what is the passive source of income?
- Rental properties
- Invest in a Business
- Sell an E-Book Online
- Create course on Udemy
- Sell Photos Online
- Create an APP
- Affiliate Marketing
- Network Marketing
- Rent out Your Car
- Make YouTube Videos
Start A Blog
This is the ninth steps to become rich in India fast: Blogging is what i am doing? writing articles for you and writing on awesome interesting topic to provide information and knowledge to you.
Blogging the one of my best ways to make money online and create passive source of income as well as increasing value in myself.
Blogging is not a get rich quick ordeal, but if you do it right, you could make enough to support your family and more.
So how you also can make money with blogging?
- Google AdSence
- Affiliate Marketing
- Sell online courses
- sell your product
I am here to help you out to start your blogging career just message me i will guide you step by step.
Do not Buy Liabilities
This is the Tenth steps to become rich in India fast:
‘You must know the difference between an asset and a liability, and buy assets… Rich people acquire assets. poor and middle class people acquire liabilities, but they think they are assets. – ROBERT KIYOSAKI
The basic difference between assets and liabilities is assets gives you future benefits, and on the other hand, liabilities will give you a future obligation.
Let me know what are the other ways do you think can be used to become rich in India. comment below !
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