Sampadha

Daily Habits that make you rich and keep you wealthy

Check your inflows, outflows, asset balances, liabilities balances, payables, receivables, and risks on daily basis
Interact with your advisors on a weekly basis (banker, advocate, tax consultant, fitness coach, doctor, mentor, secretary)
Value your time (learn to say yes based on your ambitions, no if it is not adding value, or giving satisfaction, or giving high risk or low profit or unlimited loss)
Have 100% clarity and 100% belief (Plan A, Plan B, Risks and Rewards)
Review your goals daily (Change the route map, but not ambition or goal)
Automate savings
Avoid bad debt or rotational money
Use social feed to feed your mind (control what's coming in and going into mind)
Think what can be automated or delegated in your daily routine
Read 10 pages or watch 5 videos or 5 articles a day about your goals, money, business, relationships and psychology
Check your environment (what you hear, what you see, whom you interact, turning off bullshit news, cut out toxic things)
Quality of inputs give quality of outputs
Live below your means
Give back to the community
Update your achievement list weekly

Build network or product or service or skill which is needed by society
Earn Active Income
Control or Reduce Expenses
Convert Savings into Investments
Let Investments Multiply by Capital Appreciation, Not Just Addition
Protect or Cover Multiplying or Capital Appreciation Assets
Book Partial Profits from multiplied Capital Appreciating Assets and invest in Income Gen Assets
Get or Build multiple Passive Incomes
Leverage MERIT to Scale up aggressively (Derivatives, Leverage, OPmoney, Efforts or Energy OPExperience, OPEnergry, OPtime, Relationship OPKnowledge, Intelligence, OPSkill, OPExpertise, Time or Technology)
Insure or Protect or Cover Income Generating Assets
Build Lifestyle and Own your House
Increase Financial Knowledge to earn more with 0 Investment

The below are the list of assets, if properly managed

Rich is having only money

Wealth is having both time and money

Wealth is measured in time, not in terms of money

ఆనందం long term

సంతోషం short term

సుఖంగా బతకాలి

శాంతంగా బతకాలి

అందరికీ ఆనందం కలిగించేలా బతకాలి

ఉన్న స్థాయి కంటే, ఉన్నతమైన స్థాయికి వెళ్లేలా బతకాలి

అందరి ప్రేమ పొందేలా బతకాలి

Pension
Interest on Bank Deposits
Warrants or Income from Commercial Papers, Bonds, Debentures, Company Deposits, etc
Dividends
Interest on hand loans
Annuities
Real Estate Rents
Income from Advance Selling
Income from Advance Buying
Stock Lending and Borrowing
Royalty
Passive Business profits
Regular or Yearly yield crops Agricultural Produce income (mango, coconut, jack fruit, etc)

F – Freedom, Fearlessness, Financial Assets, Fame, Force, Family, Friends

I - Intelligence, Influence, Insurance, Information (Knowledge and Skill)

M - Mental Peace, Money, Materialistic Possessions (Leverage, Loans and Derivatives)

P - Professionals, Precious Metals (Pasidi), Physical Wealth, Power (Legislative, Executive, Judiciary)

A - Achievements, Affluence (Wealth), Accountability (Obligations), Appreciable

C - Courage, Credibility, Clients, Customers, Credit, Cattle (Padi), Crops (Pantalu)

T - Thoughts, Time, Team, Technology, Transportation

E - Esteem (High Value), Estate (Legacy / Heritage)

R - Responsibilities, Resources, Results, Relationships, Relatives, Recognition, Respect, Rights (Obligations)

S - Strength, Success, Self Esteem, Share Holders, Stake Holders, Security, Safety, Successors (Heirs)

Take a look at income tax provisions to understand types of income,

Take a look at Court cases to understand ways to lose incomes and assets

Anyone can earn, save and grow money, income and assets, but protection is key for long term sustenance (Inflation, Theft, Legal Risks etc)