Complete Financial Education जो आपका दिमाग हिला देगी | Rich Vs Poor Mindset

Summary

In this video, the speaker explains the key differences between the mindsets of rich and poor individuals, emphasizing the importance of financial education and strategic investing. The video covers the concepts of assets and liabilities, compound interest, and how the wealthy multiply their wealth by investing wisely rather than trading time for money. Practical examples illustrate how small, consistent investments can grow significantly over time, highlighting the power of compound interest and the need for a proactive approach to financial growth. The speaker aims to provide actionable insights to help viewers achieve financial freedom.

Takeaways

• 💡 Mindset is crucial for wealth creation, as it dictates one's approach to money and financial growth.
• 🔑 Rich people often focus on income sources that multiply their wealth over time, rather than trading time for money.
• 🕒 The concept of time multiplication is key, where leveraging a consistent investment over time leads to significant wealth through compound interest.
• 💼 Rich individuals typically invest in assets like real estate or businesses that generate income and appreciate in value.
• 💰 The importance of financial education is highlighted, as it equips individuals with the knowledge to make informed investment decisions.
• 📈 The power of compounding is emphasized, showing that even small investments can grow substantially over time with consistent returns.
• 🚀 Taking a 'leap' in income generation is necessary for moving from poverty to wealth, which involves increasing one's skills and income potential.
• 💼 Investing in oneself through continuous learning and gaining practical experience is vital for financial growth.
• 🔍 Finding the right mentors and learning from those who have achieved financial success can provide valuable insights and guidance.
• 🌐 The speaker's mission is to educate and empower individuals to become financially independent, highlighting the importance of implementation over mere knowledge acquisition.
• 🔑 The video script serves as an introduction to a series on financial education, indicating a deeper dive into wealth-building concepts in future content.

Q & A

What is the main factor that distinguishes rich people from poor people according to the video?

The main factor distinguishing rich people from poor people is their mindset, particularly how they think about and handle money, investments, and time.

Why does the video emphasize the importance of not trading time for money?

The video emphasizes not trading time for money because rich people understand the value of time multiplication and leverage, hiring others to work for them and thus earning more without directly trading their own time.

What is the concept of compounding as explained in the video?

Compounding, as explained in the video, is the idea of earning interest on your initial investment as well as on the accumulated interest over time, which leads to exponential growth of wealth.

How does the video illustrate the power of starting to invest early?

The video illustrates this by comparing three individuals, Rahul, Sachin, and Ankit, who start investing at different ages and showing how much wealth they accumulate over time, highlighting that the earlier one starts, the greater the wealth accumulation due to the power of compounding.

Outlines

00:00

💡 The Path to Wealth and Financial Freedom

The speaker introduces the video's theme, which is about understanding the reasons behind the wealth of rich individuals and the poverty of the less fortunate. They emphasize the importance of mindset over financial status and hint at the concept of time multiplication as a strategy for wealth creation. The speaker promises to reveal unknown factors contributing to the rapid increase in wealth and encourages viewers to learn and apply the knowledge for financial independence.

05:04

💼 The Mindset and Strategies of Wealth Creation

This paragraph delves into the mindset differences between the rich and the poor, suggesting that it's not the amount of money but one's approach to it that leads to wealth. The speaker uses the example of a person earning Rs 25,000 a month and how their thought process and subsequent actions, such as increasing liabilities instead of assets, affect their financial status. The importance of not trading time for money but rather buying time is highlighted, along with the idea that rich people have multiple income streams and do not rely on a single job for their income.

10:07

🌱 The Power of Compound Interest and Investment

The speaker discusses the concept of compound interest as a critical tool for wealth accumulation. They illustrate this with examples of three individuals, Rahul, Sachin, and Ankit, who start investing at different ages and with different amounts, emphasizing the impact of starting early and investing consistently. The summary underscores the idea that even small investments can grow significantly over time due to the power of compounding.

15:09

📈 Wealth Growth Through Smart Investment Strategies

In this section, the speaker provides a detailed example of how a rich person might invest in real estate to multiply their wealth. They explain the process of buying land, constructing a building, and selling it for a profit, while also discussing the concept of reinvesting profits to achieve even greater returns. The summary highlights the importance of focusing on a specific investment area and leveraging compound interest for exponential growth.

Keywords

💡Financial Freedom

Financial freedom refers to the state of having enough wealth and assets to cover all living expenses without the need for work or relying on others. In the video's theme, it is the ultimate goal for individuals to achieve through proper financial planning and investment strategies. The script emphasizes that learning and applying financial knowledge can lead to financial freedom, as illustrated by the speaker's assertion that following the shared knowledge will set one on the path to this state.

💡Mindset

Mindset, in the context of the video, pertains to the mental attitude and perspective that influences one's financial behavior and outcomes. The video suggests that a person's mindset is crucial for wealth accumulation, as it dictates whether they focus on earning more (and spending more) or on investing and growing their wealth. The script uses the mindset concept to differentiate between the thinking patterns of rich and poor individuals.

💡Liabilities

Liabilities are financial obligations or debts that an individual or entity owes. In the video, the term is used to describe how an increase in income can lead to an increase in expenses, which are considered liabilities. The speaker warns against the trap of increasing liabilities instead of investing and growing one's assets, which hinders the path to wealth creation.

💡Assets

Assets are items of value owned by an individual or entity that have the potential to generate income. The video emphasizes the importance of understanding and investing in assets to create wealth. The script contrasts assets with liabilities, illustrating that while liabilities increase with income, the focus should be on assets that can generate income over time.

💡Compound Interest

Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods. The video highlights compound interest as a powerful tool for wealth accumulation, explaining that it allows earnings to be reinvested and grow exponentially over time. The script provides examples of how even a small monthly investment can grow significantly through compounding.

💡Investment

Investment, in the video, is the act of allocating resources—such as time, money, or effort—into a particular venture with the expectation of generating income or profit. The speaker stresses that the rich differentiate themselves by investing money rather than simply saving or spending it, and the video provides examples of how different investment strategies can lead to varying degrees of wealth.

💡Time Value of Money

The time value of money is the concept that a sum of money is worth more now than the same sum in the future due to its potential earning capacity. The video script explains that rich individuals understand this concept and use it to their advantage by not trading their time for money but rather buying time and leveraging it to create wealth.

💡Wealth Creation

Wealth creation is the process of building and accumulating wealth through various means such as investments, business ventures, or financial strategies. The video script discusses wealth creation as a central theme, offering insights into how the mindset and actions of rich individuals contribute to their ability to create wealth and achieve financial freedom.

💡Risk Management

Risk management involves the identification, evaluation, and prioritization of risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. In the context of the video, risk management is implied in the discussion of investments, where the speaker suggests that understanding and managing risks is part of the strategy for wealth accumulation.

💡Income Source

An income source is any means through which an individual or entity earns money. The video emphasizes the importance of having a reliable income source as a foundation for wealth creation. The speaker suggests that increasing one's income source and continuously upgrading skills can lead to a significant leap in income, which can then be invested to create wealth.

💡Implementation Quotient

Implementation quotient, coined in the video, refers to one's ability and speed to put learned knowledge into practice. The speaker argues that a high implementation quotient is more critical for success than an intelligence quotient. The video suggests that those who implement the financial strategies discussed will be the ones to achieve wealth and financial freedom.

Highlights

The video aims to explain why some people become rich while others remain poor, attributing it to mindset and financial knowledge.

Emphasizing that learning and applying financial principles can lead to financial freedom, even for those unaware of these concepts.

Highlighting the importance of mindset over money, suggesting that a person's thoughts and actions determine their financial status.

Discussing how increasing income often leads to increased expenses rather than wealth accumulation for many individuals.

Introducing the concept that rich people often have multiple income streams and do not trade time for money.

Teaching the difference between assets and liabilities, and how understanding this can change one's financial trajectory.

Providing examples of how rich individuals multiply their wealth through smart investments and compound interest.

Explaining the power of compound interest and its role in wealth creation, as endorsed by historical figures like Einstein.

Describing the impact of starting to invest early and the significant difference it makes in long-term wealth accumulation.

Comparing the financial outcomes of individuals who start investing at different ages, illustrating the advantage of early investment.

Stressing the importance of financial education and its absence as a barrier to wealth creation for many.

Outlining the steps taken by rich individuals to multiply their wealth, including strategic investments and tax management.

Presenting a real estate investment example to demonstrate how rich people leverage their capital for high returns.

Discussing the role of focus and specialization in wealth creation, suggesting that rich people often excel in specific areas of investment.

Providing a step-by-step guide on how to move from being poor to becoming rich through mindset shifts and strategic financial moves.

Encouraging viewers to take action on the financial knowledge shared, emphasizing that implementation is key to becoming rich.

Offering resources for further financial education and support, aiming to guide viewers on their journey to financial freedom.

Transcripts

Today in this video, you are going to learn that if a

person becomes rich, then why does he become rich? And why

are rich people becoming rich? And why are poor people

becoming poor?

So if you want to know how you can also become rich, how

can you be financially free? So before starting this video,

let me tell you that if you learn the knowledge that you

are going to get today and if you follow it, then you will

be financially free.

And this is a very big statement because the knowledge that

I will share with you today, most people do not know these

things.

So why are rich people rich? Why are poor people poor?

There are many reasons for this and I can teach you not a

day but a year on how to become rich.

But today I will try my best to tell you the things that

you did not know and today you will see the exact

calculations that why a rich man is increasing so fast.

So your mind is going to be a little dizzy.

So we will move forward step by step.

I have to teach you a lot of things.

In fact, I will give you some comparisons that how can you

move ahead of the people around you, your circle, in terms

of wealth creation.

You can go ahead in earning money.

So we will learn a lot of things.

Let's start now.

A man is poor.

I tell you first that he is poor not because of money.

It is because of his mindset and the whole game is of

mindset.

Now you may have heard this statement before, but let me

tell you what I mean by this mindset.

What I mean by this mindset is that a man is poor, what

does he think.

Let's assume that he earns Rs 25,000 a month.

So he earns Rs 25,000.

What does he think? What is his thinking? His thinking is

that I will work hard.

I will work harder.

I will get a promotion.

I will reach Rs 30,000 a month.

I will reach Rs 30,000 to Rs 50,000 a month and I will

reach Rs 100,000 to Rs 50,000 a month.

He is thinking very well.

Now, during this time, when his income increases, what does

he increase along with that, he increases his liabilities.

Now you will also know about assets and liabilities, but

still I will tell you that liabilities means he increases

expenses.

When he is getting income of Rs 25,000, he buys a mobile

phone.

He gets a new AC installed in the house.

He renovates his house.

He does a lot of work and ideally most people do this.

Now there is nothing wrong in this, but there is nothing

like becoming rich in this.

Becoming rich and becoming financially free means that your

expenses today, in fact, the expenses that will be after 10

years from today, become the source of income for that.

How will the money come? Now most people think in this way,

especially those who talk about middle class families,

their cycle is like this, but what is the cycle of rich

people and how they are moving forward, they will calculate

it very well and here I will also tell you that if a person

is at Rs 25,000 or Rs 10,000 or Rs 15,000 a month, then how

will he come in this category.

How will the shift from here to here happen? So what is the

mindset of a rich man? What does he do? The first thing is

that most of the rich people have a good source of income

or they have money or they do not run after the expense of

money.

I mean to say is that they do not trade time with money.

In fact, they buy time.

There are many rules, so I will try that you get to learn

as much as possible in less time.

Time is equal to money. These people know, but what do they

do? They do not trade it.

If a man does a 9-hour job and he is taking Rs 25,000 in

return, then he is doing exactly the same thing that he is

trading time to earn money.

But what does a rich man do in that 9 hours? He hires 10

people with Rs 25,000 under him and let's assume that he

earns Rs 2.5 lakhs a month.

Sorry, he pays Rs 2.5 lakhs.

Now if a man gives someone a salary of Rs 25,000, then he

will earn at least Rs 25,000.

So if he does this, then he earns Rs 2.5 lakhs in this way.

If he is giving Rs 25,000 to someone, I am giving an

example and in fact if someone is giving Rs 25,000, then he

will not earn only Rs 25,000, he will earn more. So he can

earn anything from Rs 2.5 lakhs to Rs 5 lakhs to Rs 10

lakhs.

So now the rich people understand that time is not equal to

money.

Actually, we do not have to trade time.

To earn money, we have to understand the concept of time

multiplication that we all have 24 hours, but in these 24

hours, what a poor man will do, he will trade his time, but

a rich man does not do this.

Let's move forward, I have to teach you a lot of things.

Now let's understand a little more difference.

Alright, let's come back to this again, poor and rich.

So now what does a poor man do? Let's assume that a poor

man is earning

Rs 25,000 and he spends Rs 25,000, then he has zero savings.

Because he is poor for this reason, zero savings and if

there is a little saving, then he does not know how to

increase it.

Even if he saves Rs 5,000 from this, then he keeps Rs 5,000

with him, his money does not grow.

So if there is a no growth formula here, then I will tell

you what will be the difference.

And if he understands the concept that I am going to tell

you, then what will be the difference.

Now what does a rich man do? He understands one thing.

In fact, I am telling you this exact statement.

Rich people also teach their children this formula from

childhood.

What do they teach? That money does not have to be added.

The concept of adding money is not to do this.

We have to invest money.

No matter how much money we have, we have to invest it.

There is no point in keeping this Rs 5,000 with us.

Invest it.

I will tell you exactly why I talked about the children of

rich people.

When I got married, my wife came home. At that time,

everything was going very well.

I was earning good money.

In fact, I used to give her some money.

So if she is getting money from her house, she is getting

money from a good person.

In fact, I am giving some money.

She used to save money.

Suppose she had 2 lakhs or 5 lakhs saved, then she did not

keep it with her.

In fact, I have never seen my mother doing this because

when she used to save money, she used to keep it with her.

Now what did she do? She said that either you take this

money from me and give it to someone on interest or you

take it from me and invest it anywhere, but you give me the

interest rate of 12% per year.

That means you give me an interest rate of 1% per month.

This money should not be lying.

It should increase.

What will I do with the money? What will increase with me?

So you give me an interest rate of 1% per month.

Well, what she said in this, I know how to increase money,

I know how to earn more than 12%, so it is not a big deal,

but what she did, it is different.

People save money with them. She said, invest it, increase

the money, earn money with money.

Now this little thing here, you must be thinking, how much

difference will it make? It is 12% only, but now what I am

going to teach you, if you pay attention to this, so you

will be ultra rich.

Let me tell you, you will be ultra rich.

You will become very rich and if you have not learned this,

then you are going to be very poor.

So now I will take an example of three people.

Alright, I don't know whether it is straight or not. So I

am taking an example of three people.

I hope it is straight.

Okay, so among the three people, my favorite is always

Rahul, the second we take Sachin and the third we take the

name Ankit.

So these are three people of whom we will take a comparison

and see what will be the difference in the lives of these

three.

So now Rahul, Sachin and Ankit, all three of them watch

this video today, but what is the difference in this, let's

understand it.

Rahul is 20 years old today.

He is 20 years old and he took my training and Rahul is

earning ₹ 25000 per month.

Rahul got to learn exactly what you are going to learn now.

So Rahul is earning ₹ 5000 salary every month and he does

this all year.

Today he is 20 years old and Rahul thinks that he will work

for 60 years.

So he is going to add money for 40 years.

The figure came in front of you ₹ 24 lakhs.

Rahul added ₹ 24 lakhs in 40 years.

What do you think is a big deal, sir, ₹ 24 lakhs, no one

added it, which will make him rich.

Now you will understand this.

Sachin saw this video when he was 30 years old.

When he was 30 years old, Sachin saw the video and Sachin

thought that my salary is also ₹ 25000, but I am a little

late.

So I do one thing, I also start investing and I will add

half the amount from my salary ₹ 12500.

I will add, I will add half and how long will I add, I am

going to add for 60 years, for 30 years.

So this is our time duration.

Now let's add here ₹ 12500 into 12, calculate it quickly,

into 30, 12500 into 12 into 30, so we have the amount of ₹

45 lakhs.

Let's get back, so the amount that we have added is ₹ 45

lakhs.

Good enough that he left ₹ 45 lakhs, he had left only ₹ 24

lakhs.

Now Ankit saw this video when he was 40 years old.

Now in 40 years, he will understand, which I will explain

to you now.

So he saw that my salary of ₹ 25000 bank, but it is like

this that I get rental income from somewhere, I get a

little more income, so my house will run with that.

I will add my entire salary.

It's amazing, he said that I will add Rs.

25,000 and not spend a rupee.

10 to 12, so how many years are left with him, only 20

years.

Let's do the exact calculation of this too.

Let's open the calculator calculator.

So he is adding Rs.

25,000 x 12 x 20 years.

So he added Rs.

60 lakhs.

Now you must be thinking that this is amazing, he has added

Rs.

60 lakhs, but actually this is not a big amount, because

what I am going to show you now, it will blow your mind.

So you can also do this.

You can write compound interest calculator on Google.

So in this way, you will get different calculators.

I have opened the HDFC calculator.

Now let's start with Ankit and we will move forward slowly.

Let's talk about Ankit.

Ankit has not invested anything till date.

So here the amount you have invested today.

How much amount have you invested till now? Zero.

How much amount do you want to invest? You want to invest

Rs.

25,000. Monthly we will invest Rs.

25,000. For how many years? Exactly for 20 years.

For how many years do we want to be invested? We want to be

invested for 20 years.

Okay, and let's say I take a little more than 18.

This is the higher side.

Let's do 15%.

We get an annual rate of interest of 15%.

How will it come? We will talk about it.

15% is not a big deal.

You can easily take an interest of 15% by investing in

mutual funds within 20 years.

Ankit has 3.79 crores.

Ankit has 3.79 crores. 3.79 crores.

It's amazing.

Rs. 60 lakhs has become Rs.

3.80 crores.

Good. You must be feeling good.

I don't feel good.

I will tell you why.

Wait, sorry, sorry, sorry.

I have done a little work for you.

Wait a second.

3.79 crores.

Alright. Now let's calculate

Sachin. Open it quickly.

You will have to search again.

Search Compound Interest Calculator like this and then you

will get this HDFC.

Open it.

This is fine.

So when your calculator will open, now let's put Sachin.

Sachin has done zero investment so far.

Sachin has done zero investment so far.

The amount that Sachin is investing is Rs.

12,500 and he will invest monthly.

For how many years? He will do it for 30 years.

So he is investing for 30 years and he will also be

invested for 30 years.

Alright. He is invested for 30 years and he gets the same

rate of interest.

Let's take 15% on the nominal side.

He also gets 15% rate of interest.

So now Sachin will have money of Rs.

8.41 crores because he invested less than this.

But he invested more than this for time and started a

little earlier.

But the amount used to come.

So you have seen the amount that the amount used to come.

So now we have Sachin's amount of 8.41 crores.

Good enough.

45 lakhs have been made.

Almost 8.5 crores.

Good. This happened to us in 30 years.

But what happened to Rahul? Rahul had invested only Rs.

5000. Only 5000.

So will it make any difference from his 5000?

Let's calculate this too. Your mind is going to open a

little today. So let's open it.

Again, let's search on the web.

Compound interest calculator same.

Let's come quickly.

So Rahul,

because he listened to me a little earlier and he started

to invest.

Now I am showing you how rich people are, so it is

important to show you exactly what will happen.

Rahul has invested only Rs.

5000. It is not a big deal.

If someone is earning Rs.

25000, then he can invest Rs.

5000 every month.

For how many years? He is going to work for 40 years.

He is planning his retirement.

One second.

First we have to do 40 here.

So number of years you want to be invested for 40 years and

here also will change.

40. Rate of interest we will again get 15%.

If you put it in Nifty instead of Mutual Fund, then also in

the next 40 years, it will get an average rate of interest

of 15%.

So let's check everything.

Rs. 5000 every month for 40 years.

We will also be invested for 40 years.

We will get an annual rate of interest of 15% and our

amount will be Rs.

15,70,00,000. So here, because the calculation is the same.

Rs. 15,70,00,000 will be made by investing only Rs.

24,00,000. He only added

Rs. 24,00,000.

He added Rs.

45,00,000. He added Rs.

60,00,000. But the sooner you get financial education, the

sooner you become a king, the sooner you become a king, the

sooner you can be financially free and this thing is when

he has not increased Rs.

5000 by investing Rs.

25,00,000. He said that I will add Rs.

5000 and I will add only Rs.

I will earn more tomorrow.

If my salary is Rs.

25,000, even if it is Rs.

50,000, then

I am adding only Rs.

5000. I am not adding Rs.

10,000 because if he increased it, then the figures will

change here and I did this when we took the annual rate of

interest of 15%.

If it comes to 18 or more than that, then what magic can

happen.

Let's see this

because it is important for you to understand this because

the next thing I will teach you is how rich people are

getting rich.

This will change your mind a little more.

So why am I teaching this again and again? What is this

compounding? I will tell you this too.

Now what did we say that the annual rate of interest of 15%

was coming.

If Rahul, Sachin and Ankit become a little smarter and they

learn that how to bring 18%, only 3% annual rate of

interest more, then see what difference will come.

40, 40 and the rate of interest increased to 18.

So the amount of 15 crores that was made will become Rs.

41 crores.

The straight jump of 15 crores came to Rs.

41 crores.

Now you must not be understanding what is happening.

Rs. 15 crores became Rs.

41 crores.

You see this, I am saying 41CR.

A man who is earning Rs. 25,000, how can he become a man of

40 crores? It is not possible.

Most people think that because they do not have financial

education.

Now what I am going to tell you next, because now you will

understand a big difference.

Till now we were on a small difference.

Now why are rich people rich? The biggest reason is that

the financial knowledge that I am giving you today, they

get it from their family.

People around them give it to them.

They get this right guidance at home.

Now people do not get it.

It is very important for you to know the difference between

rich and poor.

Because today a man who is poor, he is poor by his thinking.

I told you that he was earning Rs.

25,000 again and he understood the compounding.

He also started adding Rs.

5000. Now what is this compounding? Compounding means that

you are getting 12% interest on Rs.

5000 annually.

You just calculate.

You will feel that there is nothing, but there is a lot.

I will explain.

He added Rs.

5000 into 12.

He added only Rs.

60,000 per year.

Now what will be the difference from 12% plus 12% where is

percentage.

We have increased Rs.

7200. Only Rs.

7200. You will feel that

Rs. 7200 is nothing.

If he spent Rs.

7200, then the compounding will not work.

When does the compounding work? That we did not take out

this money.

We added the interest that came to us and what happened

next year? Then when we got 12% interest, then our money

became Rs.

75,000 plus.

Then we did not take it out next year and it got added

again and then it became 84,000 according to 12%.

Similarly, we did not take it out, plus 12% interest

because we are getting interest on interest.

This is called compounding interest.

According to Einstein, it is the 8th wonder of the world

and rich people know this exactly.

Rich people understand this.

So what do they do? I will explain to you. what you do.

What I am going to tell you here, this is the most crucial

information.

No one will give you, no one will tell you.

Now what I am telling you, listen carefully and understand.

Let's assume that a rich person has 10 crores and I am

taking a big figure of 10 crores and now we will take a

small figure.

We will also talk about 50 lakhs.

A man has 10 crores and what does he do? I say that the

rich people are very focused.

If you talk about Warren

Buffet, they do not invest much in technology companies.

Their own mindset is clear.

There are some people who invest in technology only.

So there are different types of people.

Rich people are focused.

Let's assume that a rich person is focused and he

understands real estate.

He understands real estate.

I am giving you an example of real estate because most of

the people who are becoming rich around you, you will see

that they definitely invest in real estate.

So what do they do? They think that what is going on in

their mind, a person has 10 crores.

He invested and he saved 2 crores in 10 crores and kept it

with him.

Assume that he is getting interest on it or he has liquid

money.

He picked up 5 crores and bought his land.

Where I live, you will get 500 gaj land for 5 crores.

There are different localities, but in an average of 1 lakh

rupees, you get 500 gaj land.

500 square yards.

Here you have land.

Now you make floors.

Assume that you collaborate or you make it yourself.

There is no rocket science in it.

You spend 3 crores more.

5 and 3, 8 crores total investment.

I said again, in the locality where 500 gaj land is coming

for 5 crores, there is an average floor sale of 3 crores.

In today's date, there is a sale of 3 crores.

4 floors are made.

So 12 crores, I am explaining real estate here.

There are different things.

Some people will tell you to become rich from the stock

market.

Some people will tell you from real estate.

Everyone has their own focused scenario.

So here 12 crores is our total amount, which includes gains

and profit.

So let's take profit.

We had invested 8 crores.

If you do minus 8 crores, then the net profit you have,

before taxes, now you have to pay tax, but you have 4

crores.

Now we will calculate taxes later because we can manage

taxes.

So rich people manage taxes.

I have to explain this in the next slide.

Profit of 4 crores came.

How many years did the profit of 4 crores come? Let's see.

It will take 18 months to complete a project.

If any builder is watching this video, he will understand.

It takes 18 months to make 4 floors.

I take the time of 2 years, 24 months.

So if you take the time of 2 years here, then yearly

profit, 2 crores per year, you have come.

Almost you will see 17-18 lakh rupees, you have monthly

profit.

But it does not make any difference.

They do not play the game of monthly profit.

They do not even calculate this.

What do they calculate? 4 crores came, 2 crores came

annually, above 8 crores.

This was our investment, which did not happen at once.

It took only 5 crores at once.

3 crores will take slowly.

Floor will be made slowly.

Now we are going to crores, I will give an example of 50

lakhs.

So what is here, if the net profit is 4 crores and 2 crores

in 1 year, then 25% annual profit has come.

Annual interest has come.

25% annual interest.

We were calculating 15%, 18%.

Now look at the game of 25%.

Make 12 crores from 8 crores.

If we invest 12 crores, we will make 18 crores.

If we invest 18 crores, we will make 25 crores.

If we invest 25 crores, If you keep adding 25%, then I may

be making some mistakes here.

So I will open the exact calculator, because you will

understand only then.

Let's say this is our 8 crores.

This is in crores.

In this, we have earned 25% of the first year plus 25%.

So we have 10 crores in 1 year.

Next year we earned 25% plus 25%.

It became 12.5 crores.

In 2 years, we have come from 8 crores to 12.5 crores.

Plus 25% plus 25%.

We will calculate later.

Now it is 1, 2, 3, 4.

We have reached 4 years.

Let's come to the 5th year.

Plus 25% in 5 years.

Plus 25% in 6 years.

Plus 25% in 7 years.

8, 9, 10, 11, 12.

In 12 years, that 8 crore man, which was 8 crores, came in

front of you more than 116 crores.

So 8 crore man came in front of you more than 116 crores.

You are seeing rich people, how they are multiplying their

wealth.

You must be thinking that there are two things in this.

One is that 25% which you are saying is too much.

Not everyone gets a gain of 25%.

I agree.

I agree.

I will take a minimum of 12%.

You get it anywhere.

If you feel that you don't get 25%, you go to the market.

Ask the businessmen who are at a good level, how much

percentage are you working at? What do you think, how much

profit are you getting? They will say that we are getting 2

to 3%.

This 2 to 3% means that according to 2% it is 24% of the

year and according to 3% it is 36% of the year.

So they are increasing their net worth by 36% every year.

So you will not believe me because most of us who are

listening to this are from middle class families.

Maybe you are going from the top of some people's minds.

What are you talking about? Pushkar, I don't understand

anything.

So until you understand this, you will not become rich.

I am telling you first because it took me a lot of years to

understand this.

It took me 8 to 9 years to understand all these things and

do it and practically I am doing exactly this.

That's why I am telling you.

Now I am going to show you that calculation which is going

to blow your mind.

Look, let's talk about a general thing today.

Let's talk about a very general thing.

A man wants to become a millionaire.

He says that I have to earn ₹ 1 crore at any cost.

I say personally, it is not a big deal.

I say it is not a big deal.

Some people think that ₹ 1 crore is not possible.

How will it happen? I will tell you.

I say you understand very carefully.

If you want to earn ₹ 1 crore, then you work a little hard,

not too much, work a little hard.

Can you reach ₹ 80,000 per month? Leave ₹ 1 crore.

You will say that how can we reach ₹ 1 crore from ₹ 80,000

per month?

Let me come back to that.

We are talking about ₹ 80,000.

Let's assume I am talking about my training program Fast

Track Millionaire.

I have taught a lot of things to people to earn money

online and in fact without investment.

A man is at the very base level.

He could not understand much.

He understood that I will work a little hard and after

working hard,

I like one thing very much that I have a lot of interest in

technology.

I will make videos on technology.

I will give reviews to people.

I will do affiliate marketing and I will make a channel on

my YouTube.

I am talking about a very simple thing that you understand.

Now I may not understand real estate, so I am talking about

different things.

I will make a page on Facebook.

I will put videos and within a year, I may start getting ₹

80,000 from YouTube and Facebook for a month, in which I

will not have any major investment.

I am working myself.

I can earn ₹ 80,000 per month.

I have taught this very well in

Fast Track Level 1.

For that, let's assume it will take a year for a person to

reach ₹ 80,000 per month, but he will say that how will I

reach ₹ 1 crore.

Now I am giving you a calculation, understand very

carefully.

You can earn ₹ 80,000 from anywhere.

It doesn't matter to me that you are earning from this.

Let's assume that a person is in network marketing.

Is it a big deal to reach the check of ₹ 80,000? You will

say that there is nothing, it is very easy.

A person is doing affiliate marketing.

I have taught affiliate marketing in Fast Track Level 2.

So by doing affiliate marketing, he is earning ₹ 80,000 per

month very easily.

Why did I say ₹ 80,000? I took it on purpose because if a

person is earning ₹ 80,000, then he can save ₹ 40,000.

You take out 50% of your income from your house and do

everything.

Live well and save ₹ 40,000.

It is important to save.

Pay yourself first.

If you have read the richest man in the Babylon city book,

then it says pay yourself first.

You have saved ₹ 40,000.

From this ₹ 40,000, you will become a millionaire in the

next 10 years.

If you don't believe, then let's do a calculation.

You will think that from ₹ 40,000, I am a millionaire.

Let's see.

When I started earning money and when I took financial

knowledge, because I did not get it from home.

I had to roll papads for the knowledge that I am giving you.

But today I am explaining to you.

Why am I explaining compounding again and again? Because

today my own wealth is multiplied by compounding.

In fact, I will give you my own example that when I will

leave this world, how much money will I leave for my

family, I will show you that too.

And which is completely practical, I will talk to you

practically.

Now let's assume that you have made zero investment.

You are at zero.

You have saved ₹ 40,000 every month. every month. 40,000

per month. You will be able to do this only when you have

an income.

If you don't have an income, first make the source of

income. You added 40,000 every month.

How many years did you add? How many years did you add? I

talked to you for only 10 years.

I didn't talk about anything big or long.

And you invest only for 10 years.

Compounding only works when you don't stop it.

Means you don't use interest money.

So invest 40,000 and forget it.

Do good and put it in the river.

And after that, you get the annual rate of interest.

Let's take the average of 15%.

What will be the magic in 10 years? This magic that you

will reach above ₹ 1 crore.

This was only in 10 years.

If you stop a little, my brother, you stop a little.

This is ₹ 1.11 crore.

It is nothing.

Because if you keep it continuous, 10 years is not a big

time.

It will come out in front of your eyes.

You did it for only 20 years. So what will be your ₹ 1.11

crore? I will just show you.

First you have to do 20.

Let's do it 20.

Let's do it 20.

Just look at this.

With an annual rate of return of 15%, you will have ₹ 6

crore.

₹ 1 crore will become ₹ 6 crore in the next 10 years.

In the next 10 years, according to 15%, see how compounding

works.

In the next 30 years, this habit of yours will send you to

₹ 26 crore according to 15%.

I am telling you such a simple calculation.

₹ 1.11cr to ₹ 6cr and then ₹ 26cr.

You look carefully.

This is ₹ 1 crore 6 and ₹ 6 crore 26.

This game, Multiplication of Wealth, most people do not

know, nor do they understand, nor is anyone going to tell.

I talk to people that I can help you. You can become rich.

I am talking about this knowledge.

First of all, you make your income source and keep

increasing your income source.

Keep increasing your skills.

Your skills will increase.

Your income will increase.

A lot of things can be learned for that.

We are also teaching.

We focus on the whole platform.

The man has only two things to teach.

One is skills, so that he gets skills from which he earns

money.

Second is opportunity.

Our GoSelfmade mission is that first of all, we give skills

to people and then give them an opportunity.

Now, what you are understanding here is that if you have a

habit of saving ₹ 40,000 per month, you can be a

millionaire in 10 years.

Only 10 years and I am saying this when I am talking about

a 15% rate of interest.

It is magic.

Let's show you magic.

So let's open the compound interest calculator again

quickly.

I am opening it.

Anyone can open it.

So our compound interest calculator is open.

I told you that if you believe in a little magic instead of

15%, then the magic is that you learn how to earn 2% of the

month.

It is not a big deal to earn 2%.

In today's date, in small villages, someone asks for money

on interest.

So you don't get it at 2%.

They give it at 4%, 5%, 10%.

So think how fast they are becoming rich.

So now you may not have understood, so let's explain again.

Look at 40,000 here.

40,000 and how many years did we talk about here? 10 years.

What magic can happen in 10 years? We will be invested for

10 years.

After 10 years, let's say you need money and your annual

compounding will come to 25%.

Now this 25% will come when you know how to do business.

Because in business, I can multiply it.

Only in the investor market, you can invest and do it.

More than 25% returns come, but it depends on how much you

have the knowledge of the stock market, how much equity

knowledge you have.

So again, it is a part of financial education, it is a part

of knowledge.

1.11 crores came when the rate of interest was 15%.

2.13 crores came when the rate of interest was 25%.

Again, if this investment was for 20 years and it was for

the same time period, same in the sense, sorry, it was on

the same interest rate, then the figure that came around 6

crores, it would have given you 27 crores in the next 10

years.

27 crores of 2 crores and in 30 years, you feel that it is

a matter of crores.

Actually, rich people become rich like this.

Poor people do not know all this because they just look at

it.

That he has become rich.

No one talks about how he became rich.

No one tells.

Does a rich man tell his secrets? Never tells.

But being a business coach is my job because I will teach

you. Because no one will teach you.

How will you learn that 27 crores were here, it became

327 crores.

I did not make a mistake.

You think I made a mistake.

I will talk about you.

Maybe you think I made a mistake.

You have added the same 40,000 rupees.

You have added for 30 years and according to 25%, it is 327

crores.

Now there are some people who will say that this is not

possible.

Actually, just look around you.

Just look around you.

What business do the people who are becoming rich do? What

are they doing? Just think about what they are doing.

You must have seen the rich people.

You must have seen around you.

I talk very logical and practical things that you have seen

around you.

You must have seen that the rich people give money on

interest.

You must have seen.

You must have seen around you.

Where did the poor man see? He has no brother.

They give money on interest and from 12% to 24% to 36%

because if you are charging more than 3% then it becomes

risky.

You will get an interest of 3%.

You do not get it on a large amount.

3% means growth of 36%.

We added 25%.

You will say that there is also a risk on it.

Okay, you have not given money on interest to anyone.

Giving money on interest and this interest work is actually

done by banks or financial institutions.

You must have heard about non-banking financial services.

You must have seen. It is called NBFC. It is called

Non-Banking Financial Corporations.

These people do exactly this work. They are becoming rich

very fast and it is 100% legal.

Non-Banking Financial Corporations.

One way.

The second way I discussed, you must have seen that the

rich people invest in real estate because you must have

seen.

You must have seen in front of your eyes.

That's why I am saying the things that you have seen and

you do not even know what I am talking about.

The third thing you must have seen is that they invest in

stocks, especially in equities.

Yes, they invest in debts, they invest in debt funds.

What is all this? Actually, financial education is not a

one-day job.

I said that it took me 8-10 years to learn.

How can I teach you in a year? Think in a year.

Think in a year.

I am talking about a video.

You are watching a video.

This video is not going to end.

Because there is a lot to teach, but I will end it quickly.

I will give you a small example.

How are rich people becoming rich faster? I will give a

very small example.

There is a rich man and he can invest 5 lakh rupees every

month.

He can invest 5 lakh rupees every month.

He is a rich man.

He can do it.

If he thinks all his life.

If he thinks all his life that I am earning money and I

will keep investing.

I will leave it for my future generation.

Suppose I take my example.

I say that I will keep investing for my future generation.

I will leave money for my grandchild.

I am going to invest for the next 99 years.

Do you want to see the magic? Let me show you the magic.

Now you will not be able to understand what I said.

Rich people become rich because they know all these things.

Finally, let's see the magic.

We will talk very safe.

Let's assume that a rich man has invested 2 crore rupees so

far.

Let's make it zero because if I take 2 crores, it is a big

deal for you.

Let's leave it.

Let's come here.

He invests 5 lakh rupees every month.

1, 2, 3, 4, 5.

He is investing monthly.

For how many years? I have taken the maximum time period.

Till when will he live? Let's assume that he is earning in

20 or 25 years.

He will live for another 99 years. He will live for 125

years. I have taken the maximum.

Whether he will live or not is a matter of later.

First, I have to put 99 here.

So I did 99 here too.

And the annual rate of interest is completely basic.

14% annual rate of interest. You will get it anywhere with

great love.

14% annual rate of interest.

Do you want to see the magic? When that person will leave

money for his family, he has added almost 59.40 crore

rupees.

Total. And this graph, understand this graph.

When is it going up?

It is going up.

The time that is passing is moving forward in the last

stage.

Look at this.

If you move this stage forward, then you will understand

that the maximum amount that has come, the actual value

that has come, it has finally increased in the last.

1, 2, 3, 4, 5, 41 lakh crores. 41 lakh crores, a man who

does it for 99 years, 41 lakh crores.

Today a man talks that I am going to do this.

Do you know what people will say from him?

They will say this, but who will say these people, who are

poor themselves, people of poor mindset.

Rich mindset people understand this calculation and maybe

they do not think for 99 years.

They are in doubling, they are playing the game of doubling.

How long is my money doubling? It is happening in 2, it is

happening in 3, it is happening in 4.

That's it, I have to double my money in less than 5 years.

If a person is playing the game of doubling and doubling in

5 years, you see that he is moving ahead of the growth rate

of more than 20% per year and on his overall capital.

If you understand this today, then you are going to be

financially free, but let me tell you this is not enough.

Everything will not happen in a day. I know this because I

have to learn a lot.

I have not talked about taxes yet. Rich people earn a lot

of money and pay a lot of taxes.

You will not even understand how. Along with this, another

big question must be coming to your mind.

The big question is that you have told how rich people are

getting rich.

In fact, you also showed this way that what a poor person

can do today.

But sir, if we get a clear action plan that if a person is

poor today, then how will he become rich? You tell me about

this.

How a poor person can actually be rich? Let's talk about

this.

Now let's assume that a person is earning only 25,000.

Look, you will become rich when you do not spend it.

Whatever you are earning, you invest the maximum amount

from it.

Whether it is the amount of 5000, whether it is of 10,000

or 15,000.

Look, I understand that you have some expenses at home.

But you invest it.

Where should you invest?

Well, this is a very important question that where should

you invest?

Whatever you want to invest, everyone has a different focus.

Someone wants to take a risk, he can invest in equity.

Someone does not want to take a risk, he can invest in debt

funds.

Someone wants to play a safe game, he can invest in

insurance.

Someone can take a policy. Someone can invest in FD, but

there is not much scope in FD.

So what are the other options?

A lot of questions come to your mind.

And here our team of financial experts can help you.

I will give you a form in the description of this video.

Fill up that form. You can give your details there.

Our team will contact you and they will help you.

Where should you invest? They will give you suggestions.

Now let's move forward.

Suggestions are found from here that where to invest.

So the question that comes is that if I will invest, where

will I invest?

You will find out.

See, you will not become rich from 25,000.

In fact, not even from 5, 10, 15.

If you want to upgrade yourself regularly, then you have to

understand that you have to take a leap here.

I always call it a leap.

Leap means a jump.

You have to take a jump.

When you want to become rich from the poor, you have to

take a jump.

See, I will give you an example.

Let's say 8 years ago.

8 years ago, I used to earn 50,000 to 100,000 rupees a

month.

Now, if I used to earn 50,000 to 100,000 rupees a month 8

years ago.

So today I have taken a big jump in that income.

Because of which, at that time, I could have invested a

maximum of 50,000.

Every month, I could have added 50,000.

Today I can add 5 lakhs or 10 lakhs or more.

So why did this leap come?

Because the skills have increased.

Today, when I was like 8 years ago.

As I used to say, the knowledge that I had at that time.

As much as I knew about the market at that time.

Do you know that much today?

He knows a lot.

You will also say that he definitely knows a lot.

If you have been in business for 8 years, then you have a

lot of practical experience.

And they come when you continuously upgrade your skills.

Plus, you get practical knowledge.

Now I was talking to a friend of mine.

So he said, Puskar, you have done great growth.

But let me tell you why you achieved that growth.

Because your implementation quotient is very high.

It is not intelligence quotient.

I am not talking about IQ.

I am talking about implementation.

How quickly did you apply what you learned?

Today, millions of people are going to watch this video.

But how many of them will become rich?

Very small percentage.

Handful of people.

Why will this handful of people become rich?

Because everyone will not implement.

I saw entertainment, I forgot.

But the people who will implement will become rich.

So if you want to become rich, then first you keep

investing what you are earning.

And increase the regular income.

Regular.

Pay attention to increasing income.

Bring a leap.

Because bringing a leap does not mean that we are reaching

25,000 to 30,000.

Bringing a leap means that you are coming from 25,000 to

50,000.

You are coming from 50,000 to 100,000.

Your promotions will not happen so soon in the job.

Why? Because there is limited growth.

This will happen when you will do some kind of a business.

Business will earn money for you.

So find him, understand him.

Again, you have to invest in your learning.

So there are some courses which you can join.

There are some training programs which you can join.

Because without learning, you will not become rich.

Now you will learn.

Even if you are a little bit in the market.

They say, learn by rubbing.

Look, it is confirmed that eating almonds does not make you

smart.

It comes from eating nuts.

But we eat a lot of nuts.

Or we eat limited.

It depends on which person's experience we have learned.

We take the experience of whomever we learn from.

Today, if Sachin Tendulkar will give me cricket training.

And a common man will give cricket training.

Do you think there will be a difference in the training?

Why will there be a difference?

Because Sachin Tendulkar will tell his experiences.

He faced those bowlers who are of international level.

And if a person plays, he is at the state level.

So he did not face international level bowlers.

He may not be able to teach me how to bat so well.

So you have to find those people who will teach you.

Those who are actually self-made.

Because self-made people can tell with their experiences.

So search those people.

Be in their environment.

And in this way, you will get financial education.

You are on the channel for the first time.

Subscribe and click on the notification bell.

If you want to learn all these things in detail,

Then you have to be made.

You see where we started.

I tried to take you on a step-by-step journey.

We started with a mindset.

Where a poor man is still earning 25,000-30,000.

Thinking how to buy a new mobile phone.

We will take time.

I thought you went in a thought experiment today.

And you enjoyed this video.

Share this video.

Because many people will never know all these things.

No one will tell.

I just talked about compound interest.

Today I gave you an example.

As I told you, this is going to be a financial education

series.

You have told me many times.

That you have to learn a lot about financial education.

So I am trying to teach you step by step.

Because the people who will learn will move forward.

Those who will not learn.

They are going to be.

What should I say?

They will be in the company of those people who are around

them.

And if you do not get out of it, you will not become rich.

Because most people are poor.

Because most people have a poor mindset.

Today you know a little about the mindset of rich people.

Do not think that you know everything.

You know a little.

There is still a lot to learn.

I will try that you learn as much as I want to teach.

And it is not that I know everything.

I myself feel.

I am just 26.

Yes, I am financially free.

Yes, I have earned money.

Yes, my own capital is compounding.

Growth is also coming in it.

And I am also moving forward very fast.

But I do not know everything.

I am learning by myself.

I feel that in this journey of the financial world.

Yes, I am small.

But I feel that yes, I am small.

But today in the population of the whole world.

I come in the top 1% category.

For this, you can check from the website.

If you put your network.

Then you will know where you stand in the whole world.

So if I stand here.

Then I am 99% people.

Who are not in this category right now.

I can teach them.

Because teaching them makes a lot of difference to me.

So this is the mission of my life.

That I train 50 lakh people.

How they can be financially free.

And only 40,000 to 1 crore can be made.

People do not understand this.

But today you have learned.

So apply what you have learned.

What did you like the most in this video?

Tell us by commenting below.

You may have a lot of questions.

We will try to cover those questions.

If that question is related to your field.

Related to earning money.

Related to financial growth.

So we will try to cover them in the coming videos.

So ask your questions in the comment section.

Till then you go self-made.

1,2,3,4,4