We all want to be rich.But the fact is that the Rich people gets Richer and the poor people always stays poor.So it kept me thinking what is that special thing that rich people do to become more rich day by day. And as usual, my curiosity ended on Googling.So here I am going to tell you the secrets behind money making.
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| Rich Dad Poor Dad |
Many people say that " Money Making Is An Art ". And after reading some of the articles and after watching some of the Youtube videos I also started to feel the same.And on many of the articles and videos, I saw in kept on hearing about a book called ' Rich Dad Poor Dad '.So may of the methods I am going to say here can also be seen in this book.And I also recommend reading this book.
So coming to the point, the main reason why the rich becomes richer and the poor stays poor is because of the way they spend money.Rich people spend their money on assets and poor people spend their money on liabilities.If you are not clear about what is Assets and what are Liabilities then I will explain.Assets and the thing that brings money or generates money. For Example, you are a person who owns a small shop.And you spend 1000Rs to buy a Coin phone.So here what happens is that he will get back the money that he spends on buying the phone will be returned to him when 1000 people use the Coin phone.And every next time when a person uses that coin phone, he is making the profit.So here Coin phone becomes an Asset.And just imagine the same person, If he had bought a pair of Shoes which was not that necessary, it will not give him back his money. so shoe becomes a liability. Make of the people save their money to buy a house.But this will not be an asset until they rent it.
Time is precious. Everyone knows, but the rich people really knows the value of time well. Consider a person working in and office for 30,000 Rs per month.And a person who is running an online business and earns 20,000 a month.So here my question is who is the Rich person here.
I know most of the people will say that it will be the person working in the office.BUT
Consider this fact, The person at the office works for 10 Hours a day.While the Person who is running an online business works for just 4 Hours a day.So if we calculate how much they earn per hour, then the person who works at the Office makes 100 Rs / Hour and the person who runs an online business makes 167 Rs / Hour. So here we can say that the person who runs the online business is rich.Here the person who runs the online business works only for 4 Hours a day and he has 6 more hours to spend on his hobbies or other works.
Just consider that the person who is running the online business is running a Blog or a Youtube channel. He doses'nt need to work for all day long to earn the income. Even when he sleeps his blog or Youtube channel will be making money for him Because the Internet never sleeps.
Rich people only spend time only if it is worth spending time on. Else they will appoint someone else to do the work for them. So a normal person works for money but for the rich money works for them.
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