How to Start Financial Freedom

 

 Live Finance Class Topic : How to Start financial freedom

 Language : Hindi

Description in English 

In this world biggest foolishness is to hard work all the time for earning money. In this you do full time and part time job. You do all your business work yourself. All rich persons and you have only 24 hrs in a day. You and rich person can only work hard for 24 hrs. This is the limit. 

Now, you have to choice where you have to do hard work

Option 1. Hard work for money 

Or 

Option 2. Hard work for Getting Knowledge and Actions for Getting Hard work From Money and People.

 

2nd option is best because you will get financial freedom for more time with your family, donate your cause more money, bring jobs, have money to care your health, ability to travel more

Now We are teaching you how to hard work for getting knowledge and actions for getting hard work from money and people

(  A.  ) Getting Hard work from Money 

You money will hard work for you. For this, you have to smart from today.  What is money in your pocket is your initial capital for your business. Either you can waste it or grow your capital. It is in your own hand. 

1. Control Your Wastage of Money By Budget

Yes, you can control your wastage of money by making your budget. First make the budget of your expenses of your business

1. Which expenses you can save?
2. Which expenses you can postpone?
3. Which expenses you can find cheap and quality alternatives?
4. What are your fixed and variable expenses?
5. How can leverage your fixed expenses for grow your sale and production?

 You budget must answer of your 5 above question

You have to make daily budget with following with simple 3 steps

1st Step.

 Buy a blank notebook from market

2nd Step. 

Set morning time for making daily budget notebook because budget is for future not past. So, whole day, your mind will out of control and you will unable to control your useless expenses

3rd Step. 

Start to write like me

(A) I will make my food myself in my HOME

1. I will make my food myself in morning and save ( Write the Market Value of Outside Same Food )

2. I will make my food myself in afternoon and save ( Write the Market Value of Outside Same Food )

3. I will make my food myself in Evening and save ( Write the Market Value of Outside Same Food )

4. I will make my food myself in Morning and save Doctor Fees ( Write the Market Value of Doctor consultant fees)

5. I will make my food myself in Afternoon and save Doctor Fees ( Write the Market Value of Doctor consultant fees)

6. I will make my food myself in Evening and save Doctor Fees ( Write the Market Value of Doctor consultant fees)

(B) I will ride today on Cycle or on Foot 

1. I will ride on cycle or on foot in afternoon for buying outside or meeting friend or going to office or going any other important work  and save petrol and cost of repair of vehicle  ( Write the Market Value of Outside petrol and repair spend )

2. I will ride on cycle or on foot in afternoon for buying outside or meeting friend or going to office or going any other important work  and save petrol and cost of repair of vehicle  ( Write the Market Value of Outside petrol and repair spend )

3. I will ride on cycle or on foot in evening for buying outside or meeting friend or going to office or going any other important work  and save petrol and cost of repair of vehicle  ( Write the Market Value of Outside petrol and repair spend )

4. I will ride on cycle or on foot in morning for buying outside or meeting friend or going to office or going any other important work  and save doctor fees  ( Write the Market Value of  doctor fees for treatment of diseases comes from not movement daily and with pollution )

5. I will ride on cycle or on foot in afternoon for buying outside or meeting friend or going to office or going any other important work  and save doctor fees  ( Write the Market Value of  doctor fees for treatment of diseases comes from not movement daily and with pollution )

6. I will ride on cycle or on foot in Evening for buying outside or meeting friend or going to office or going any other important work  and save doctor fees  ( Write the Market Value of  doctor fees for treatment of diseases comes from not movement daily and with pollution )

This is personal budget example, Like this, you can add all items of  of your budget in notebook and set your why to take action for limiting your today expenses as per your budget.

2. Saving of Money

You can saving money buy stopping useless expenses and save it in RD form govt. bank account. With this, you can increase your money. Before saving, you have to set the goal of your saving of money

Following are the simple steps of your goal of saving

1st Step : Clear Write the Title of  Your Major Goal Which will Complete with Big Money

Your goal may be large. I am giving the list and choose from them or write clear your own goal. It must be 1st first person form.


1. I will keep My Own Cow. It is my Goal.
2. I will get my Passive Income from my Fixed Deposit Savings
3. I will buy Swift Car. It is my Goal.
4. I will Buy my Own Shop. It is my Goal.
5. I will buy my Office AC. It is my Goal.
6. I will buy 1 Lakh books for My liabrary.
7. I will do Internal Decoration of My All offices. It is my Goal.
8. I will make My Website Hosting Fund and without Worry, I will pay its bill on the time. It is my Goal.
9. I will make My Website Promotion Fund. It is my Goal
10. I will Use only Solar Energy and For this, I will make its Big Fund. It is my Goal.

2nd Step : Estimate Accurate Cost of Your Goal

For example, if you want to keep a single cow, you need Rs. 4,00,000 for its home, its food, its water management and its care all time


3rd Step : Fix the Target Saving Money for Achieving this Goal

Target means, your action for Saving regular for Acheiving above big goal.

It is of two types.

One is You Fix the Target of End Date of Achieving Your Goal 

For this, you have to write start date and end date

If it is one year. In above example, for keeping cow, you need Rs. 4,00,000 but you do not have enough money.  So, you have made your target 1 year to achieve this goal. For this, you need to save every month. Rs. 33,000

Second is You Fix the Amount of saving per month

For example, your per month income is less and you can save only Rs. 20,000 for achieving this Goal. Now find how many years to achieve this goal

4,00,000 / 20,000 =20 months or 1 year 8 months.

3rd Step : Fix the Reminder of Saving of Money

Every month, you have to fix the date when you will save. You can save in Govt. bank RD account, in buying per month Gold, Buying Share per month, or Keep in mutual fund per month or simple saving account. Keep its reminder in your notebook and after seeing reminder, you will activate to save same money for achieving your goal.


4th Step : Keep Accounting Record of How Much You Saved and How Much You Need

As per accounting record, you have find that you have saved 70% and need only 30%. With this, you keep more 30% patience and achieve your goal.

From 2nd step to 4th Step is just production of 1st Step. If you have the Goal and set it. It is very easy to make plan to achieve it.

eBook Reference : Saving Money MADE Easy

3. Investment of Money 

Before withdrawing money for investment, Ask following question

1. Is your saving of money enough to cover all the goal investment

2. Will return of investment is more than saving of money

3. Will risk of investment less than saving of money

Risk of losing money due to inflation 

Risk of decreasing interest rate in govt. account

Risk of not achieving your dreams

For investment, you have to learn for becoming better investor

You can become better investor with following step

1. Learn Investing

You need to learn the investing first. If you did not learn and invested money in the share market or in any business, it is just like the gambling. For example, you do not know 5 type of business. You invested in education business Rs. 1 Lakh, you invested in Health care business Rs. 1 and other three business, you have invested Rs. 3 Lakh and its losses has crossed all the limit and you got only Rs. 5 in your hand in the end of year. Is not your story. So, learning the investing is the first step.

Ask following question to yourself.

Q :- 1 Before investing in the company, did you read same business's 10 Books?
Q : - 2 Before investing in any business, did you get training of such business understanding?
Q :- 3 Do you have 10+ years experience of same business before  investing the money?

Why Am I saying this, Because money is good slave but bad master. If you will find only profitable project for your money, it will do more hard work and give you profit and it can only possible if you know whole business model. Otherwise, you are throwing the arrow in the dark by investing your money and when you will lose same money, you will face financial stress and be the victim.

Come and Start Learning of Investing From Here.

2. Learn More About Investing

Yes, no just learning is enough before investment, you have to learn more about investing.

For example, If I am studying the balance of A company and analysis its DEBT EQUITY RATIO, I need to compare it with other company, it is learning more. By learning more, you will go to the deep where you have to go to buy the share. Which company is better. If A company has 70% debt and equity is 30% and B company has Debt 40% and equity is 60%.

Now, go more to learn profitability

If A company has 20% Loss of its capital and net return of investment of B company is 30%. By learning more, you can take the better decision, B company is better for buying its Shares

Because

(A) Its debt equity ratio is less than A company, it means, it can repay its debt fastly without any barrier and without any risk of decrease in the value of shareholder in future.

(B) A company is facing loss, it means, it did not get benefit of leverage. In future, it must give the interest which is fixed expenses by selling the assets of shareholder. So, your share value in market will decrease if you will take wrong decision to buy its shares. B has net return and less burden of per month interest, so, it is better to buy B company's share.

This better decision can be possible if you will learn Management Accounting Deeply for becoming better investor.

3. Learn Even More Investing

If you will learn even more investing, you will start to learn ability of sale by company between two quarter. Every quarter is of 3 months, every company publish quarter report of its sale for giving the knowledge to investors. If you are better investor, you can easily company whether company's sale revenue has increased or decreased.

For example, if you have bought A company shares and its market value has decreased 5%, Now, you are thinking to sell it because it is loss making business.

But if you learn even more investing,

You waited one month and see its quarter report. Wow, company has gained 80% more revenue from sale. It means, your learn even more investing helps you. You hold and you see that market has boom of same share and its value has boosted by 40%. If you had sold in past before new sale report, you are in loss and now in profit. Everything happens on the learn even more of investing.


4. Learn Even More than that Investing

Do you have habit of learning investment books and ebook daily for one hr. Everyone wants to rich through investment their salary money, earned money but no one has the time to learn even more than that investing. This habit will give you biggest reward in the life. All the great investor of the world has the habit of reading books daily more than 4 hrs but you can start 1 hr.

5. Learn Investing When You Don't Want to learn About Investing


Yes, you have financial stress, you are anger, you are feeling jealousy. You are nervous and you have mood disorder and you do not want to learn about investing.

Think Again Positive Way

Will same financial stress remove if you will not learn about investing.

Will anger make you rich?

Will your jealousy make you rich

Will your nervous and mood disorder make you rich?

If not then, why are you give up your hard work of learning about investment.

Be bold and be strong. Remember, Hard work is the key of Success.

Hard work is the real pray of God.

Hard work is is the secret of happiness.

You want to become better investor, so, you have to learn investing even when you do not want to learn about investment.

6. Learn Investing When You are Doing Other Work

You are making your food. Good but at this time, you can also listen investment learning lesson on youtube.

You are cleaning your home. Good but at this time, you can also listen a book which you have recorded in your mobile.

You are cleaning your clothes. Great but at that time, you listen the motivational lecture of investment.

If you have the habit of learning investing when you are doing other work, you can go top than all the investors in this world.


7. Learn When You have Something to Invest

Every time, when you are investing, try to again learn same company, its all updates because you will get lots of points which helps you to find the better opportunity and possibility.


8. Learn Investing When Did not Something to Invest

If you are not investing from sometime, no problem but try to shoot your gun for keep active your machine. Weapon will not use if you will not use daily. So, learn daily about investment.

9. Learn Investing Everyday

LAZINESS is poison. Never be lazy, everyday learn something new about investment.

10. Keep Learning Investing

Learn your investing challenge based. Every day take new challenge of learning and keep learning of investing. It is best formula of become better investor. 

Learn to become pro-investor with this ebook

 ( B. ) Getting Hard work from People

1. Appreciate Your Employees

Everyday, make the list to appreciate your employees.

2. Give Only One Task to Them One Time

Make the one goal which will give to your employee never give multi-tasks to your employee

3. Fulfill People's Desire

Contribute your own in the retirement fund of your employee. It may be the 20% of total deduction of employee.

4. Provide Resources

Increase the standard of resources which you will give to your employee.

It includes heater in winter

and cooler in summer

better laptops and chairs and furniture. 

5. Help them to Develop their New Skills

You can help free your employees to develop new skills free of cost.

It may be English speaking skills

It may be computer software  skills

It may be online marketing  skills

6. Believe in Them 

Believe your employee will do best

Believe your employee is your biggest assets

Believe your employee will preform on the time. 

Believe your employee will contribute your organisation with great ideas.