Daily Habits that make you rich and keep you wealthy

  1. Check your inflows, outflows, asset balances, liabilities balances, payables, receivables, and risks on daily basis
  2. Interact with your advisors on a weekly basis (banker, advocate, tax consultant, fitness coach, doctor, mentor, secretary)
  3. 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)
  4. Have 100% clarity and 100% belief (Plan A, Plan B, Risks and Rewards)
  5. Review your goals daily (Change the route map, but not ambition or goal)
  6. Automate savings
  7. Avoid bad debt or rotational money
  8. Use social feed to feed your mind (control what's coming in and going into mind)
  9. Think what can be automated or delegated in your daily routine
  10. Read 10 pages or watch 5 videos or 5 articles a day about your goals, money, business, relationships and psychology
  11. Check your environment (what you hear, what you see, whom you interact, turning off bullshit news, cut out toxic things)
  12. Quality of inputs give quality of outputs
  13. Live below your means
  14. Give back to the community
  15. Update your achievement list weekly

Rao Sir's 12-Step Process for your Financial Freedom

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

34 Assets for your Financial Freedom

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

  1. మనసు ప్రశాంతము
  2. సంతోషము
  3. సుఖము
  4. ఆరోగ్యము
  5. ఆయువు
  6. కాలము / సమయము
  7. విజయము / విశ్వాసము
  8. విద్య / జ్ఞానము
  9. నైపుణ్యము
  10. అనుభవము
  11. సాహసము / ధైర్యము / వీరత్వము / ఆత్మ రక్షణ చాతుర్యము
  12. శక్తి / పరాక్రమము / బలము / సమర్ధ్యము
  13. నమ్మకము / విశ్వాసము
  14. గౌరవము / పరపతి
  15. వినయము / విధేయము
  16. ధాన్యము
  17. ప్రోత్సహించే తల్లితండ్రులు
  1. ప్రేరేపించే గురువు
  2. మద్దతిచ్చే జీవిత భాగస్వామి
  3. ఉత్తేజ పరిచే తోబుట్టువులు
  4. ఇల్లాలు
  5. పిల్లలు / సంతానము
  6. బంధు పరివారము
  7. హితులు స్నేహితులు
  8. సామంతులు / మందీ మార్బలము
  9. ధనము / చర ఆస్తులు
  10. స్థిర ఆస్తులు / అంతస్తులు / భవనాలు / భూములు / సముదాయాలు
  11. మాణిక్యాలు / ఆభరణాలు
  12. మణులు
  13. వాహనాలు
  14. ఆయుధాలు / వ్యూహాలు / పద్ధతులు
  15. వ్యాపార సామ్రాజ్యము
  16. సాంకేతికత / technology
  17. సంస్థానము / రాజ్యము

సుఖంగా బతకాలి

శాంతంగా బతకాలి

అందరికీ ఆనందం కలిగించేలా బతకాలి

ఉన్న స్థాయి కంటే, ఉన్నతమైన స్థాయికి వెళ్లేలా బతకాలి

అందరి ప్రేమ పొందేలా బతకాలి

34 Incomes for your Financial Freedom

Passive Income

  1. Pension
  2. Interest on Bank Deposits
  3. Warrants or Income from Commercial Papers, Bonds, Debentures, Company Deposits, etc
  4. Dividends
  5. Interest on hand loans
  6. Annuities
  7. Real Estate Rents
  8. Income from Advance Selling
  9. Income from Advance Buying
  10. Stock Lending and Borrowing
  11. Royalty
  12. Passive Business profits
  13. Regular or Yearly yield crops Agricultural Produce income (mango, coconut, jack fruit, etc)

Active Income

  1. Stipend
  2. Salary
  3. Bonus
  4. Incentive
  5. Commission (social media platforms pay as commission)
  6. Consultation
  7. Honorarium
  8. Affiliate income or Collaborations
  9. Active Business profits

Lucky Income

  1. Capital Gains from Real Estate
  2. Capital Gains from Stocks
  3. Profits from Asset Price Decline (Short Selling)
  4. Betting and Gambling
  5. Income from Skill Games / Races
  6. Lotteries
  7. Prizes
  8. Lucky Draws
  9. Gifts
  10. Inheritance / Windfall gains / Previous Asset findings
  11. Income from Short term agricultural crops
  12. Income from Scams / Frauds

Five Pillars for Wealth Creation and Financial Success

MERIT

M – Mental Peace, Money, Materialistic Possessions, Loans, Derivatives, Leverage

E – Emotion, Expertise, Experience, Energy, Efforts

R – Responsibilities, Resources, Results, Relationships (Credibility, Clients, Customers, Share Holders, Stake Holders, Family, Professional, Friends, Relatives)

I – Intelligence, Insurance (Information, Knowledge, Skill, Experience, Expertise)

T – Time, Technology, Team, Thoughts

Earn, spend, save, invest, and grow income and assets with low or no risk

  • 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)

    • Person who want to become successful in capital markets business should have below qualities

    1. Able to think of alternative scenarios from worst case to best case
    2. Able to think of probabilities of scenarios
    3. Quick decision making
    4. Super Fast execution capacity
    5. Ability to change view based on new data points
    6. Ability to move fast to next scenarios
    7. Speed processing ability to process multiple data points
    8. Slow to Enter and Fast to Exit if situation is not going in favour
    9. Slow to Enter and Slow to Exit if situation is going in favour
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