Why you are Not Rich yet? Follow these steps to become rich & out of Debts. - Sanjay Gupta - ebook

Why you are Not Rich yet? Follow these steps to become rich & out of Debts. ebook

Sanjay Gupta

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Opis

What to expect from my book is:As much as possible, I have tried to share the information and knowledge I had used to become truly wealthy.By the time you complete reading all the chapters, you will be a powerhouse of information, and you will love stocks NOT fear stocks. You will discover how to make better financial decisions which will lead to  financial freedom that you always love to have.

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Sanjay Gupta

Financial Freedom Next Exit.

Why You Are Not Rich Yet? Follow These Steps To Become Rich & Out of Debts.

In each chapter of this book you will discover something of value and learn how to become wealthy from stocks. As much as possible, I have tried to share the information and knowledge I had used to become truly wealthy. By the time you complete reading all the chapters, you will be a powerhouse of information, and you will love stocks NOT fear stocks. You will discover how to make better financial decisions which will lead to financial freedom that you always love to have. BookRix GmbH & Co. KG80331 Munich

PREFACE

Financial Freedom Next Exit.

 

Why You Are Not Rich Yet? Follow These Steps To Become Rich & Out of Debts.

 

 

In Loving Memory of my brother & sister who passed away.

I look up to the sky and talk to you.

What I wouldn’t give to hear you talk back.

I miss your voice, I miss your laughter, I miss Everything About You.

  

 

“There is no friend as loyal as a book.”

-ERNEST HEMINGWAY

 

Why you are Not Rich yet? Follow these steps to become rich & out of Debts.

By Sanjay Gupta

 

Copyright ©2016 Sanjay Gupta

Cover illustration copyright © Sanjay Gupta

All rights reserved.

  

Thank you for downloading this eBook. This book remains the copyrighted property of the author, and may not be redistributed to others for commercial or non-commercial purposes. If you enjoyed this book, please encourage your friends to download their own copy from their favourite authorized retailer. Thank you for respecting my hard work.

 

Discover other titles by Sanjay Gupta:

Top 10 success principals for achieve anything in life you desire

Art of Investing

PATIENCE is a virtue, learn to develop patience  

Learn to become RICH from Stocks, patience goes a long way!  NO NONSENSE FORMULA

ALWAYS BE GRATEFUL

Act of Forgiveness, Freedom to DREAM

Do Random Acts of KINDNESS & Stay Blessed

 

 

 

 

 

"Life will pay whatever price you ask of it."

-TONY ROBBINS

  

PREFACE

 

This book will empower you to make better financial decisions; it will enable you to select the best mutual funds and shares which is the best medium to become rich! In each chapter of this book you will discover something of value and learn how to become wealthy from stocks. As much as possible, I have tried to share the information and knowledge I had used to become truly wealthy.

 

By the time you complete reading all the chapters, you will be a powerhouse of information, and you will love stocks NOT fear stocks. You will discover how to make better financial decisions which will lead to financial freedom that you always love to have. You will know and understand why, apart from helping you make better financial decisions, financial knowledge is necessary.

 

My life is highly inspired by the words of Tony Robbins and Les Brown, so you will find that lot of words in my book reflect that.

 

I would also love to thank my beautiful daughter Naysa from whom I have learned so much. She has an extremely sharp memory and doesn’t forget what she has learned. For example, a few days ago I was playing a game similar to snakes and ladders with her. According to the game, if you win you advance certain places but if you lose or are in the wrong place, you are punished with fines etc.

 

I was winning over and over again, so after three games I told her that I was tired and didn’t want to play further. To this, she replied, “Papa, a few years ago, you told me a story in which you explained that What WINNING means - It is not over until I win.” So we played several rounds of the game and finally, in the seventh game, she won! It was only after that, she said, “Papa, I am tired. I’m going to play outdoor games with my friends.” I ask you - why don’t we all develop this kind of attitude?

 

 

IT IS NOT OVER UNTIL I WIN

 

Folks, life is beautiful and you need to enjoy it. You don’t need to spend your life in fulfilling other people’s goals and dreams. And you don’t need to live your life in guilt and shame. You have everything you need within you. You just need to discover it.

 

 

The whole process of mental adjustment and atunement can be summed up in one word: Gratitude

-Wallace D. Wattles

 

 

Impossible is nothing. Even Impossible says - I M (am) POSSIBLE.

 

 

 

GOD BLESS YOU

-Sanjay Gupta

INTRODUCTION

Ask yourself that "Do you really want to become rich?" to which you will say "YES", are you just saying to please others? (biggest regrets!) Some friends and family members, have certain things which you don't have, so you have also decided to be rich, "Is it correct?" if answer is "YES" then it means you don't have desire to get rich? but to tease others you want to be rich...

 

Hence, some of your lusts are:

You want that luxury car that your neighbours have.

You want bigger house then your boss have!

You want to change your current job, with new job to tease your friends.

You want beautiful wife to prove your relative wrong.

 

So, you want changes in your life because you want to prove something to someone; but you don't have desire to excel!. Now you call your lust for something as your passion, but truly it is not your passion, if you look, your lust is driven by ego not love, here love is missing. I say anything that is not driven by love is ego & lust not desire & passion.

 

I ask you, what is passion? And further I ask you, what is compassion? Means do you know the difference between passion & compassion?

 

Dictionary definition of passion & compassion is:

 

Passion: A powerful emotion, such as love, joy, hatred, or anger...

Compassion: Deep awareness of the suffering of another coupled with the wish to relieve it...

People need to have both: passion & compassion, passion without compassion is ego, but without passion there is no meaning of living, people should have passion, if you have passion missing from your life means you have no purpose of your life, you are almost dead, you are living life with no-goal and you are firing with no aim at-all, means you may be firing at wrong direction, or you are living life for your family, and friends. And doing things which they love 'you should do'. You can say living for others is compassion, but I will say it is not, I will tell you why?

 

Here, you are fulfilling goals and dreams of your parents, family, friends without knowing its purpose or you may know purpose of their goal & dreams.

 

Okay, I had few questions for you:

 

What is the purpose of their goals and dreams?Why you want to work on their goals and dreams?How long you want to work for their goals and dreams?Is there any money involved?if above answer is yes, then do you have necessary money?What other efforts involved?

 

You need to come up with above answer, you need to be crystal clear about their goals and dreams, and why you want to work for them, if people don't want to share their goals and dreams to minute details, then please don't waste your time on working for their goals and dreams, if they can't trust you, then why waste time in trusting them. I have wasted some precious years of my life, on others goals and dreams, so I am saying it to you:(which landed me with more pain & suffering), rest is your choice. Look, compassion is good to have which tells you how humble you are? where you have a vision of bringing difference to others life; with your compassionate and kind attitude! but working on others goals and dreams is not compassion. In-fact you are a slave, bounded labour without any reward/remuneration/salary etc, not even a word of thanks, you are being screwed believe me, they don't love you basically, if you say "NO" to them their truth will come-out. They are not prepared to listen no from you, so they don't deserve the respect which you are holding in your mind for them.

 

If someone treats you like an option, leave them like a choice.

-Sanjay

 

A man mix of passion & compassion is Warren Buffett known as the "Oracle of Omaha," Warren Buffett is an investment guru and one of the richest and most respected businessmen in the world.

 

Warren Buffett Names His 5 Factors For Investing Success.

 

"Enjoy the game"

 

Practice makes perfect, and the simple truth is that you're more likely to practice what you love. As Buffett said, he has always been interested in investing -- in fact, he bought his first stock at age 11. The enthusiasm Buffett brings to the company's annual meeting, and his obvious joy in educating others, makes it clear that 73 years later, he still has great passion for investing.

 

"A great teacher"

 

Buffett had the first ingredient down pat, but he didn't have a clear strategy. That began to take form after he read, The Intelligent Investor; for the first time in 1949. Buffett eventually attended Columbia Business School, where he trained under the legendary value investor, and author of the The Intelligent Investor, Ben Graham. Buffett's investment philosophy has developed over time, but one major brushstroke hasn't, and it is a Graham adage he shared in his 2013 letter to shareholders: "Price is what you pay, value is what you get."

We can't all go to Columbia, but we do have access to books written about or by legendary investors, and the opportunity to seek out intelligent people to learn from.

 

"It requires a certain emotional stability."

 

Buffett and Munger are extraordinarily rational. They understand prices will rise and fall, and view falling stock prices as an opportunity to buy great businesses for less. Theoretically, this isn't difficult to grasp. If the same thing can be purchased at a lower cost, it's a better deal. Yet when the stock market tumbles, it can be difficult not to panic and sell out. Munger suggested we should all "avoid being a perfect idiot" in such situations. Which is about the best advice anyone can receive.

 

"Exceptional focus"

 

In a 2013 article by the Omaha World-Herald, Berkshire investment manager Todd Combs remembered Buffett coming into one of his classes at Columbia. Buffett was asked how the students could prepare for a career in investing. He grabbed a stack of pages of reports and other documents, and replied:

 

"Read 500 pages like this every day. ... That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it." If the reading alone doesn't prove Buffett's focus, he suggested in his 1993 letter to shareholders, "Indeed, we'll now settle for one good idea a year." One big idea and 182,500 pages of reading per year. That's focus.

 

"Keep yourself open to good accidents."

 

 

Buffett was asked if he went back in time, could he recreate Berkshire Hathaway? He replied that the "odds are against it." Mainly, he suggested, because he had experienced much good luck. For instance, despite both growing up in Omaha, Buffett and Munger were introduced through a mutual contact when Buffett was in his late 20s and Munger in his mid-30s. Flash-forward more than 50 years, and in his 2014 letter to shareholders, Buffett credited Munger as the architect of Berkshire Hathaway: "The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices."

 

The two men's introduction might have been fortuitous, but turning a meeting into a lifelong partnership is the ultimate example of being "open to good accidents." The most significant charitable donation Warren Buffett ever made is the $37 billion pledge to the Bill and Melinda Gates Foundation he made in 2006. This donation will take effect upon his death, as he has directed in his will. Individual contributions from Buffett totalling around $2 billion, on average, represent some of the largest single charity contributions in history. His estate consists of Berkshire Hathaway stock that he plans on contributing directly to the foundation and cash that he is leaving for his heirs; to keep invested in index funds. Buffett's contribution has given him profound influence in the Bill, and Melinda Gates Foundation, and he maintains active involvement in the organization. Buffett has a strong interest in philanthropy, and in solving global health and educational problems. This interest led him to actively promote the foundation and encourage others to contribute, especially those with high-value estates.

 

Warren Buffett's heirs will receive significantly smaller amounts of cash from the estate, and some Berkshire Hathaway stock. Buffett encourages his children to follow his own values, including work ethic and being active in philanthropy. Buffett believes the Bill and Melinda Gates Foundation effectively addresses problems of global inequity in access to health care and education, including significant contributions to help these resources reach the world's poorest women and children. Much of what the foundation does is directed toward these issues. The foundation provides grants to other organizations and does direct research work to develop solutions in addition to its financial contributions. To Buffett, this organization is a wise investment of his estate.

 

“The two most important emotions are Passion and Compassion.

Without Passion, nothing happens.

Without Compassion, the wrong things happen.”

-Anonymous

 

People should be ashamed to die, if they have not done anything for the society- humankind. Be humble and compassionate, don't comment on politics it won't help believe me, focus on your family, friends, finances; Happiness comes out from doing the things that make you happy.

 

Both passion and compassion are important to succeed, you should have mix of both also, I believed for long that someone else is responsible for my failures, if that person has behaved, or done something else as per my wish, I would have achieved my goal, but this is not true. You can't progress, if you keep on playing blame game.

 

Say following lines 10 times in morning after getting up from bed, and 10 times in night before retiring in bed:

 

"I am 100 % responsible for any decision I make or act on".

-Sanjay

 

You have to give up complaining and blaming the circumstances; (in complaining mode you tell your subconscious mind that something, I want, but I don't have, so how come you become rich with such attitude?), this is important, do the above steps with believe and conviction, and do this exercise sincerely with discipline at-least for next 25 to 30 days, what happen in long run it will tune your subconscious mind, and prepare your subconscious mind to belief that you are in control of your finances, and you are responsible for all decision you make!

 

This thought which makes me laugh, certain people are not able to manage their family, office, finances but expert in giving free advice on everything, from economy to country, to happy blissful life & opulent living to job etc.

 

Taking responsibility is first major thing, that keep people away, from what they want to achieve. Actually blaming is a very easy way and people loves easy way, we start to learn this skill from the day, we are born from parents, family, friends, media, office, politicians etc.