Rich Dad & Poor dad :- Introduction & Lessons


                       Rich dad Poor dad

                           INTRODUCTION

Robert Frost is a boy who has 2 father's, one his own father& second his friend's father, both fathers knows the importance of money.                                                                           However, they have different perceptions about money. Take his own father he has the perception that higher education & higher income jobs lies us in the importance of money in mind. On the other hand, the father who is 8th grade pass out says:-                         "A person who turns situations into the opportunities of making money is a rich man.".                                                                                             INSTANCES.                               

To understand this concept we take different examples from our day to day life:-                  

1) Making paneer from milk :- In our routine life there are natural items from which we can make money as by pasteurized milk   we make paneer & sell of it in the half price as paneer nowadays is ₹ 60 as the product is easily manufactured from home we can sell it of ₹ 30 to nearest dairy shop.                                                              

2) Internet:- Nowadays the internet became a necessity of our life & we can't deny it. People love to make videos on youtube or by writing blogs, educate online in order to explore knowledge & share your experiences publicly.     

3) Selling previous year books:- By selling previous year books like previous year sample papers or previous year academic books to needy students we can make books as an asset.                                                              

4) Convert expense into an asset :- In our day to day life we go to buy items from the market .For instance :- A 10 year old boy a ball of ₹ 10 so after buying it he has to divide 10/2 & give ₹5 to his father & rest amount to be reserved as revenue in his pocket money & if he has ₹ 500 so he has to take ₹10 as a revenue, if figure is ₹5 so he has to take ₹3 as a revenue.  

5) MLM( Multi Level Marketing) :- In this today's epidemic scenario MLM is a home based online work where we can buy day to day items online & earn passive income by chain marketing such examples of MLM are Vestige, Amway , Modicare etc.                          

6) Affiliate Marketing :- Affiliate Marketing is a reference code marketing where you refer a group of friends to buy products online from various online websites like Amazon, Flipkart etc.   

7) Government schemes :- Investment is better than saving like investing in share market & government schemes like PPF ( Public Provident Fund), RD( Recurring Deposit) ,FD ( Fixed Deposit), Mutual Funds etc.                                 

                                                      

                                               

                                                         

                                   

          

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