The author tells about an event in his life, when he was 8 years old, once he was returning from the shop to his house, he had a copper coin in his hand with which he was going to play but he The coin suddenly falls in the gutter, even after trying a lot, that coin does not come out from the author and he gets very upset.
As soon as he reaches home, he tells all the things to his father, his father tells him that son you should not play with money, but after a while his grandfather calls him and says that son the problem is not that you have lost a coin, the problem is this. That you had only one coin that was lost and this little thing changed the whole way of looking at the author’s money.
The author says that he went to a charity event and everyone there was donating as much money as possible but even after collecting all the money there were less than 1 million dollars to reach his goal then a man from the crowd got up and Signed a check for 1 million dollars and everyone was very happy, only then the author realized that every person in the world would like to be like that man.
Being rich doesn’t mean that you buy a Lamborghini or living on an island to be rich means you can help yourself and others, the author says that the most difficult task in the world is to get your money out of others’ pockets That is, to understand that “who’s got my money” is a very important part of understanding this to become rich, otherwise you will keep playing in front of the buffalo. You must have heard many people saying that, I do a lot of hard work but money is not coming!
Here is the fault, you have ever seen a sport car ad like Ferrari, Lamborghini on TV, never see it because they don’t even run TV ads because they know that people who watch TV don’t have enough money to buy their car. Well, rich people are very specific, they find their customers first, they do not go out to sell their goods to anyone because they know that not everyone will buy their goods.
In general, we measure wealth by money, if a person earns more money, then we consider him richer and the person earning less money is considered less rich, but apart from money, there are two factors that are true of any person. We decide wealth, which is time and mobility. In today’s digital age, not only money is wealth, but money, time and the freedom to go anywhere, anytime, makes you rich.
Let’s say two men one name is Lian and the other is Ethan, Lian works in a big company where he gets 90 thousand rupees every month, where Ethan is earning 60 thousand a month by starting an online business, now If I ask you who is the richer of these two, almost everyone will say that because his income is more than Ethan, now this answer is correct only till we compare their absolute income because everything is relative and not absolute.
That’s why if you compare the relative income of these two, then Lian works 50 hours a week but on the other hand Ethan works only 15 hours according to which we calculate, then Lian gets ₹ 450 per hour, while Ethan gets Rs. Rs 1000 per hour. Now think who is earning more.
Our time is the most valuable thing in our life, to relate to it, Ethan is richer here because he works full 35 hours more than Lian, now you think what he can do in those 35 hours every week like Wak can build a new skill Sikh’s own business in that time, which will also increase his income, so that he can give time to his family, friends, and also his health.
In whose return his level of happiness will increase and it will be difficult for Lian to do all these things as he will have very little time. There is a concept called Geo Arbitrage, which makes this comparison more interesting.
geo arbitrage means to generate returns by taking advantage of the economic difference between two markets, means to earn from the most expensive city and live in the cheapest place, because Lian works in a corporate company located from the expensive area, where he has to work every day. He will have to travel, for which it is very important to be near his home office.
While Ethan, on the other hand, does business online, he can do his work from anywhere in the world, for which he needs nothing but a laptop and internet. On the other hand, because Lian has to go to the office daily, so his travel expenses, food and drink expenses and the cost of living near the office are very expensive for him because both he and his company are located in an expensive area.
Because of which Lian is not able to save even after earning more, while on the other hand Ethan who can do his work by living anywhere in the whole world, that is why he earns in American dollars and lives in Bali Indonesia. Where his expenses are very less, Ethan can go to the restaurant four times and eat for the same amount of money that Lian can eat by going to a good restaurant and that too of the same standard, thereby saving Ethan even more And it is only possible for Ethan to build his wealth by taking advantage of the market economy because he does business on the Internet.
There are many ways to get automated income from the Internet in Actual, but the three most popular ways are to create and sell your own product or content on the Internet, secondly license your product or ideas to generate revenue from it and thirdly to do things. To resell, also called drop shipping, if you want to become a reseller, then first you have to buy a product, which you can buy direct from any wholesaler website like Alibaba or from any manufacturer, after which you can buy that product as it is Or you can sell it by making it a little better. For example, if you have a t-shirt, then you can sell it by printing it on your own website or by becoming a seller on sites like amazon, flipkart and can make a lot of profit.
Now it will not be an easy task as easily as I said, first you will have to learn some things, but once you have learned those things, you understand this system, then you can earn automated income by outsourcing all your work. . I didn’t even understand the idea of outsourcing earlier, whenever I saw rich people, they would hire someone else for every small job, like a driver to drive a car, a servant to do household chores. , and I think they do it just to show off and they themselves must be very lazy who can not do even small tasks by themselves.