New Delhi: If you indeed want to get rich, just daydreaming about it will not make it happen. You must complement your dream with actions; more often than not, these actions are completely in your control. All you have to do is pursue your goal with rigour and discipline.
A tip on how to begin: imagine that you have already achieved your heart’s desire. Now work your way backwards in order to figure out what you need to do today, and the stages in the past that made this happen.
Let us say that your desire is to earn a fabulous rental income by owning a commercial property in Mumbai’s prestigious Nariman Point area. You wish to achieve this in 10 years time and for this you need about Rs 3 crore. Now what do you need to turn this dream into a reality? Let us look at your options.
You can either invest:
About Rs 1 crore immediately and earn @ 12% pa.
OR
About Rs 1.25 lakh pm for 10 years and earn @ 12% pa.
OR
About Rs 65,000 pm for 10 years @ 12% pa, achieve Rs 1.5 crore and get the balance on loan.
OR
About Rs 60,000 pm for 15 years @ 12% pa and achieve your goal.
OR
About Rs 35,000 pm for 10 years @ 15% pa, mortgage your property & rental income to pay EMIs.
OR
Partner with two friends and set up a partnership firm, with each investing Rs 35,000 pm @ 15% pa to buy the property.
OR
Look at promising alternatives.
The list of options can go on.
But dream you must, for that is the first step – only then do you have a goal to work towards. It’s like having a battle-plan in your mind. All you need to do after that is to implement your plan.
Creative ideas and options exist, but emerge only when you put your mind to it. The mind in turn must be healthy to churn out options. This is crucial, or else ideas do not have a fertile platform to germinate.
So, another step to creating everlasting wealth is by ensuring that the mind remains healthy and is kept clear of undesirable traits like stress, anxiety, tension etc. This is easier said than done, for some ups and downs are inevitable.
You must comply with corporate norms and lifestyles, cope with politics at work, do things you might not always want to, work against your ethics, principles and conscious, reach targets – even cheat/ misguide customers, latch on to new customers and ignore existing ones … activities like these drain our mind of positive and constructive energy.
No wonder then that we see young professionals burning out, people wishing to retire at 45-50 or even asap – this indicates a need to escape. Doing what is right and being guided by one’s principles may seem arduous at first, but will soon become a way of life. What matters is that in your life, things are the way you want them to be.
Why is all this relevant? Well, you have eliminated all negative energies and are now more in sync with your mind, and that is how good, positive ideas will flow. Only these ideas are capable of generating everlasting wealth. Simple and easy.
—Karthik Jhaveri
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