Napoleon Hill, a Great Depression-era author and former advisor to President Franklin D. Roosevelt in his famous book “Think and Grow Rich” stated that thinking about being rich is as important as the act of making the money for being rich. You must have come across thousands of personal finance books on the shelves these days you will find hundreds of titles on how to spend less,how to save more, how to invest better, how to retire early, how to get out of debt faster so on and so forth. But the most important thing all these books fails to mention is taking the first step – get the “desire” to be rich first.
Step 1:
Spend some time alone and fix the exact amount of money you desire. Create a benchmark for yourself. It is not enough for you to say something intangible like “I want a lot of money” or “I want plenty of money”. You have to have a tangible amount in mind and be definite to the imagined amount.
Step 2:
Now comes the very important next step. Determine exactly how much you intend to give in return of getting the imagined amount of money in future. You have to realize that there is no such fact as “something for nothing”. You must be ready to sacrifice and toil for reaching your monetary goal. How much will you sacrifice and toil is entirely upto you, but remember, your effort is directly proportional to the results.
Step 3:
This story is from the April 2017 edition of Mad About Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 2017 edition of Mad About Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Pharma In Focus
The pharmaceutical industry is one of the biggest paperintensive industries in the world and of course, is responsible for the health and general well-being of the population.
The Adhaar Story
Quite frankly, the Adhaar policy took the country by storm. The 12 digit number has promised to replace every proof of identity for all Indians to make any registration process much easier to navigate.
Why Millennials Wish They Had Grown Up In Baby Boomers' Times
Growing technology and evolving mindsets have caused disparity and to some extent a wide gap between the two generations. Yes, we are talking about Millennials and Baby Boomers.
The Public Provident Scheme
The PPF scheme was introduced by the Ministry Of Finance (MOF), govt. Of India in the year 1968 to encourage tax free savings by the people. People could deposit money in ppf accounts and the interest earned on those deposits were tax exempted.
Starting With A Silver Spoon Is Not Essential To Be Wealthy
Yes, probably we all envy the Mittals, the Kapoors, the Mallyas! Not because they are billionaires, but because the coming generation would also inherit the wealth and affluence that has been there since years. Perhaps, the great grandson of Vijay Mallya would be able to spend his entire life slurging and indulging into luxury without even stepping out of his house! Probably Taimur Khan, son of Saif and Kareena, would get casted in some big budgeted flick by some renowned filmmaker, to get launched without even struggling to show his acting skills.
The Indian Solar Energy Sector - Will It Make A Comeback In 2018?
The Indian Solar Energy Sector - Will It Make A Comeback In 2018?
Smart Investments In Smart Commercial Real Estate
Investing in Commercial Real Estate is no different from any other investments, specifically the traditional residential real estate investment, in the sense that it requires doing your proper research and homework before getting into it. However, to become a smart investor one needs to understand the subtle differences that commercial real estate investment has over the residential version of it.
Extravagant Lifestyles Of The Wealthy
If you happen to be an average person who thinks apple phones are all about the makers and impressive specifications you could be mistaken.
India Post Payment Bank Rollout Plan
May 2018 is an important month for various reasons, one of them being the India post payment banks PAN-India roll out from may! Refuting all the speculations of delays, etc.
Desi Startups For Microsoft Ventures
India recently has been booming with various startups, catering to the regular needs of people, with sound supply chain and operational planning. Considering the innovative ideas of the startups and their rapidly growing popularity, global tech giant Microsoft is looking at investing in Indian tech startups through its venture funding arm. This news came from a senior official from Microsoft. Definitely this is going to be a revolutionary step in Indian economy.