Learning is the key to wisdom and Financial Education is key to become rich and wealthy, so today we will dicuss the next chapter which will take you through the wit and wisdom of money and help you to learn how to create money without money or you can even recall it as invention of money.
Money Is Not Real
Most of the people think that there is only one solution in our lives i.e. Work hard, Save Money and Borrow Money that's it, So, why would you want to have more Financial Intelligence?
For those who don't know that, Financial Intelligence can solve all your problems and provides you an opportunity to get out of your financial problems instead of getting digged into it more deeper.
As I said above that most of the people think that there is only one solution and they think money is real so they work harder and harder for money to solve all their problems, what they think is that more money will solve their problems, The truth is it will not.
So, to get rich and wealthy what you need to know is that, "Money Is Not Real" the sooner you will accept this fact, you will stop working for money and will make money work for you which will help you to grow richer faster.
Most Powerful Asset
Mind - Your mind is the most powerful asset you have, you can do enormous magical things with your mind that can help you live your life far better than your dream life.
I would like to share an excerpt from the Robert T. Kiyosaki's book Rich Dad Poor Dad that explains the Most Powerful Asset like this...
The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth seemingly instantaneously. An untrained mind can also create extreme poverty that can crush a family for generations.
So, just learn learn and learn new things daily about Financial Education and make your mind well trained when it comes to Financial Problems as a very well Financially Educated mind can instantly solve the Financial Problems by just seeing the numbers and oppurtunies that may come your way.
As I keep on saying and will say it again...Learning is a key to wisdom and Financial Education is the key to become rich and wealthy.
How To Create Money?
In the Information age money is increasing exponentially, Trillions of Dollars changes its hands daily and few of individualls are getting ridiculously rich from nothing all they get involved in just ideas and agreements no real money takes place in such agreements they just make money from nothing.
You can see the live examples in stock market, as most of the trader just get into agreements and buys the stocks and after that sells it without even exchanging the real money they still make money from it.
So, the real question comes up How To Create Money?
In this case I would like to share one of the example of creating money without money by Robert T. Kiyosaki in his book Rich Dad Poor Dad, that goes like this...
I will give you a simple example of creating money. In the early 1990s, the economy of Phoenix, Arizona, was horrible. I was watching a TV show when a financial planner came on and began forecasting doom and gloom.
His advice was to save money. “Put $100 away every month,” he said. “In 40 years you will be a multimillionaire.”
Well, putting money away every month is a sound idea. It is one option—the option most people subscribe to. The problem is this: It blinds the person to what is really going on. It causes them to miss major opportunities for much more significant growth of their money. The world is passing them by.
As I said, the economy was terrible at that time. For investors, this is the perfect market condition. A chunk of my money was in the stock market and in apartment houses. I was short of cash. Because people were giving properties away, I was buying. I was not saving money. I was investing. Kim and I had more than a million dollars in cash working in a market that was rising fast. It was the best opportunity to invest. The economy was terrible. I just could not pass up these small deals. Houses that were once $100,000 were now $75,000.
But instead of shopping with local real estate agents, I began shopping at the bankruptcy attorney’s office, or the courthouse steps. In these shopping places, a $75,000 house could sometimes be bought for $20,000 or less. For $2,000, which was loaned to me from a friend for 90 days for $200, I gave an attorney a cashier’s check as a down payment. While the acquisition was being processed, I ran an ad advertising a $75,000 house for only $60,000 and no money down.
The phone rang hard and heavy. Prospective buyers were screened and once the property was legally mine, all the prospective buyers were allowed to look at the house. It was a feeding frenzy. The house sold in a few minutes. I asked for a $2,500 processing fee, which they gladly handed over, and the escrow and title company took over from there.
I returned the $2,000 to my friend with an additional $200. He was happy, the home buyer was happy, the attorney was happy, and I was happy. I had sold a house for $60,000 that cost me $20,000. The $40,000 was created from money in my asset column in the form of a promissory note from the buyer. Total working time: five hours.So, this way Robert made $40,000 without investing a single penny of his own, all he did is borrowed money found the right deal and sold it smartingly to create another $40,000 for him that too for FREE!
This is the path to your Financial Literacy and to create money for yourself and put that money in your asset side to help you create more money.
The above example of Robert T. Kiyosaki has been shown in a cash flow diagram below, I hope it will make you more clear that how financially educated person creates money and grow themselves richer and wealthier.
Bottom Line
So after dicussing with you that How to Create Money, I hope you can now impliment the ideas dicussed above and work on you financial education as it will help you to create more and more money without money.
In the end I would like to ask you one thing...
Which one sounds harder to you?
Work harder. Pay 50% in taxes. Save what is left. Your savings then earn 5%, which is also taxed.
Or
Take the time to develop your financial intelligence. Harness the power of your brain and the asset column.
Answer the question in the below comment section or write me at contact@gurpreetsaluja.com, and yes don't forget to subscribe to my free daily newsletter service to recieve my posts directly in your inbox!
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