born rich

http://e-psybermatrix.utm.my/My-TAG/bahan_download/You_Were_Born_Rich.pdf

idiot's rich book

http://www.robertsheminbooktour.com/media/IdiotsRichBookPDF.pdf

think and grow rich (book)

http://www.soilandhealth.org/03sov/0304spiritpsych/030413.hill.think.and.grow.rich.pdf

10 warren buffet secrets to become rich

http://jefirst.com/uploads/10_Ways_to_Get_Rich.pdf

expecting solution to the european crisis?

dear venkat, solving the european crisis is like treating a chronic drinker.

if u abruptly take him off the alcohol (easy money supply, poor fiscal discipline, weak economy)
he is likely to show symptoms of alcohol withdrawal
which can be silent or life-threatening!

some of these symptoms are

increased pulse rate
increased blood pressure
increased temperature
restlessness
disturbed sleep
anxiety
nausea and vomiting
headache
irritability
tremor
hallucinations
seizures
and coma.

many of these symptoms are already there in the european union.

withdrawal symptoms last longer in older persons (economies)

withdrawal can complicate other illnesses (political, social, geogrpahical)

--

patients (like india) who are infrequent or moderate drinkers are less likely to suffer withdrawal symptoms.

--

gradually reducing alcohol consumption results in lesser withdrawal effects.

and such a course needs time, will power and luck!

--

if the world is a family
some countries in the european union
are not the only ones needing this daredevil de-addiction rescue.

there is a chronic patient on the other side of the atlantic.

as a member of such a family of chronic alcoholics
india has to bear with sleepless nights!

money in, health out!

recently i was sitting with two of my trader buddies
whom i had met after a long time.
--
one of them
who had not been trading for some time now
said
"sitting in front of the terminal
for 6 hours a day
days after days
months after months
took a big toll on my health.
i have realised
that we can make money here but are losing our health!"
-
the third musketeer
who was listening all this quitely
quickly added
"but where is the money?
we are not getting that too!!!"

from shankar, thru me, to mr.ahluwalia, with love

shankar is homeless.
but he doesn't need money to sleep at the pavement
on the shimla bus-stand.
every morning
he doesn't brush his teeth
because he can't afford it.
but he does spend 5 rupees every dawn
to go to the shulabh facility every morning
in the bus stand complex.
then he buys a bread for rupees 15
and a glass of tea for rupees 5.
the bread keeps the flame of hunger under check
for rest of the day
but he needs two more glasses of tea
worth rupees 5 each
at noon
and at night respectively
to swallow the bread.
all these luxuries eat up 35 rupees
that he had begged the previous day,
already 3 more than
the limit permitted by
the honourable and learned
planning commission
to be an honourable poor.
he has no money left
to buy a soap
to wash the only shirt and pyjama he is wearing since days
he has no money left
to buy
a tablet of paracetamol
to cool down
his hot forehead
engraved with the "not-poor" lines of destiny.
he has no money
to go home
to face his children and wife again.
fortunately
he doesn't need money to drink water from the municipal tap
neither does he need money to breathe the city air.
he would need money for his coffin
but that may not be too soon.
for the time being
he is happy
for not being "poor".

are "the rich" really happier?

why are richer people
overall less happy?

first lets agree
that being rich
is itself a relative term.

the one who has more than the other
is considered "rich".

and the group
which has more than the average people on the planet
are "the rich".

had "rich" being an absolute term
even a satisfied comfortable beggar would have qualified for the term.

-

now we turn towards the question
"why are richer people
overall less happy?"

being "rich" is being "infected with the virus of comparison"

being "rich" puts you "at the permanent risk of not being rich"

comparative "rich'ness'" is more of a punishment than a reward!

the moment anyone feels
that he is "rich"
he sub-consciously "switches on"
a pressure to stay "above" others
and stay "rich".

the fear of not remaining rich
turns real!

the "rich" counter this fear
by building the "Safety cushion"
of "reserve riches"

this leads to the next fear
"how much cushion is enough"

thus, as if the fear of not remaining rich was not enough
it gets compounded by
the fear of the cushion being not enough.

this leads to an unending chase
of the "rich" by the hounds of fear!

this breathless chase, inadvertently leads the poor "rich"
into many one-way traps they find impossible to come out!

as if this was not enough
they find unexpected threats
from the winds of change!

--

so where does this lead us to?

should we not be "rich"?
are all "rich" unhappy?
are "poor" happy?

all three questions are traps!

till you use the word "rich" or "poor"
you are in a race
driven by outside factors....

relatives instead of absolutes!

happiness by absolutes has a chance
happiness by relativity has none!

the secret of getting real rich!

u don't get rich by earning MORE.
u don't get rich even by saving more.

strange statements?
not really!

lets see why.

when you earn more
you spend more.

according to the corollary of parkinson's law

"spending will increase to match the increase in income."

try not spending more
while trying to earn more.

there is strong chance that
so much of negative energy will accumulate inside you
that you will blow it all up in one shot.

the mentality or motivation of "earning more"
is basically an emotionally driven state.

"earn more" is a "feel good state"

so, u r not "earning more"
if you are not "feeling like earning more"!

therein lies the paradox.

you don't and won't consider yourself rich
even if you become one
till you feel rich.

and how to feel rich after gaining the riches?
simple....by spending!

to feel equivalent rich
you have to spend
and wrap yourself
in equivalent comfort and luxury.

and the moment you do that
you slip back to the earlier financial state.

only difference,
this time you may be worse
having gathered debt!

so, it is pretty clear
- you don't get rich by "earning more"

but why do i say that
you can't get rich by saving more?

even this is simple.
the psychology of "saving more"
is rooted in the mentality of "starving"

mind is a dog which is most dangerous
if "starved"!

it is most obedient
if "tricked, trained and befooled!"

the more you "starve" your ego by "saving more"
the more the "feel good" state deteriorates.

and it all collapses
at the wrong time
burying you under!

so?

what's the way to become rich?
real rich?

keep doing what you do.
keep earning what you earn.
consciously keep improving and keep looking for opportunities to grow
but don't de desperate!

don't be conscious to "earn more" or "save more"

just ensure
that you don't waste anything.
all wastage in life
translates into money.

as you eliminate waste
you will realise your real needs.
this will surprise you further
when you will realise that you are much more satisfied and in abundance
than you always felt!
and when this feeling of abundance comes
you will feel better and better.

when this happens
you would have automatically
acquired the state of
feeling rich without having to spend
or without having to possess.

--

u don't get rich by earning MORE.
u don't get rich even by saving more.
u get rich
by wasting less and less
and in the process
unshackling and relieving
your income
from the drags of reckless consuming.

from here on
whatever you earn
will multiply!

and the funny part is
you won't feel the g-force
of becoming rich!

retired before 40

i once attended a seminar
where i was hypnotised and asked

"what are your big dreams in life?"

with a little effort
i listed them

big house
big car
world tour
fat bank balance
freedom to buy anything
long vacations
no need to be in a job
retirement at 40

--

i came back
and as hypnotised
wore the eye-blinders like a horse
and entered the rat race!

while i was moving forward
i met some rats
returning from where i was heading!

the look on their faces were not so inspiring.

i slowed down
and eventually stopped.

"how's the place u r returning from?"

the rat i talked to
didn't reply.

he handed me his walkman

i put on the headphones.

it was jagjit singh's voice

"patthar ke Khudaa patthar ke sanam
patthar ke hii insaaN paaye haiN
tum shahar-e-mohabbat kahate ho
ham jaan bachchaakar aaye haiN

but-khaanaa samajhate ho jisako
puuchcho na vahaaN kyaa haalat hai
ham log vahiiN se lauTe haiN
bas shukr karo lauT aaye haiN"

i quickly handed him back his walkman
and i became a runman
back!

back home
i took out that dream list
and made some changes.

house in place of big house
car in place of big car
mental balance in place of bank balance
'wisdom to buy what i need' in place of 'freedom to buy anything'
'living as if on vacations' in place of 'long vacations'
'loving and enjoying my job' instead of 'no need to be in a job'
'google earth and earthtv.com' in place of 'world tour'

i am yet to turn 40
and i am
truely retired!

the future we ate!

"as we sat out at our
favorite fast food restaurant,
eating a feast of chicken
sandwiches and french fries,
we started to contemplate,
- how much is this lunch really costing us?
we knew the prices—$2.99 for each chicken sandwich
and $1.59 for each order of french fries
—but how much would this one lunch cost us
over 1 year, 5 years, even 10 years?
not to mention the calories we are consuming.
we checked our money calorie counter for the answer.
what a shock!
one chicken sandwich was 660 calories and the accompanying
french fries 460.
if we consumed a chicken sandwich and fries (or similar fast food)
five times a week, it would be equivalent to
291,200 calories per year, or 83 pounds.
the cost would be $1,190.80 per year.
but if we put that money in a mutual fund account for 5 years,
we would have saved $7,684.34,
in 10 years, we would have $20,327.45;
in 20 years, $75,354.70."


- the opening para from
Rich and Thin
by deborah mcnaughton and melinda weitstein

a consolation gift for those who lose!

majority of retail traders
venture into stock trading
alongwith their jobs
or small-time businesses.

all they seek is
a 5-10% return per month
over and above
whatever they are making
in their current occupations.

they come in the market
with dreams
and they get caught or ejected
with nightmares.

to these very friends
i share below
a difficult
but sure-shot method
which can give them
consistent monthly returns
approximately equal to
10% of whatever they are earning
in their current occupation.

i have tried it myself.
and it works.

the method i am about to share
is dull, bitter, down-market
unexciting, psychologically demanding,
but starts giving
immediate results!

the surprising part is
that it gives better results
when the markets are closed
than when the markets are open!!

no technicals required
no fundamentals
only awareness
and thirst to make that 10% extra
every month
month after month
lifelong!

there is no copyright for this method
only promise i seek from you is
that you will share this
with every needy person
friend or stranger or even foe!

since u r already agitated
waiting for it
here it comes.

whenever u take out a currency note
or a coin
or a cheque
or the credit or debit card

just ask yourself
would you like to earn the amount you are about to spend
more than
the thing or service you are about to spend it on?

if the answer is no
go ahead
and spend it.

if the answer is yes
put that coin, note, cheque, card
back in the wallet
but in a separate compartment.

i did this.
i do this.
i can't imagine myself not doing this for the rest of my life!

i made 12% the first month.
thereafter it keeps fluctuating between 10-35% per month.

i am SHOCKED at the amount
i used to throw
at things
i really didn't need!

every evening
i empty the saved money
or chits marked with amount i save on cards
in a drawer in my study
(i consider it spent and gone!
no available for spending!!).

at the end of the month
i trasfer that amount to a separate account
which i don't touch.

trust me,
when i see the balance in that account
i feel like the most intelligent financial planner of MY world!

die early, die rich!

recently

i came across a phrase

which initially disturbed me.

"trader who died rich

is the one who dies early."

even livermore died broke!

--

what's the logic behind the above
seemingly un-nerving phrase?

should we not trade?

is trading useless?

i don't think so.

i searched for a suitable answer.

and after some deliberation

i found one.....

---------

if one makes millions from trading

and keeps trading like jesse livermore

he is bound to succumb to

some unguarded moment

and lose it all.

but

on the other hand

if a successful trader

after making millions

was to turn into an investor

he is assured of dying rich

(if at all he ever dies).

bicycle of freedom!

have you ever rode a bicycle?
did you enjoy paddling it?
was it easy to balance it?
how hard was it to paddle it?
--
and
have you ever rode a motorcycle?
was it easy to balance it?
--
now i ask you
an out-of-syllabus question
"would you prefer riding a bicycle with paddle
or riding a motorcycle with paddle!!!"
you would, obviously, be puzzled.
you would say that a motorcycle is moved by a motor
there are no paddles with it
and there is no need for it to have paddles!!
--
agreed.
but my question is still the same.
"if there were a motorcyle sized bicycle
would you prefere paddle riding it
or paddle riding a normal bicycle?"
--
you will
without doubt
prefer
paddling a cycle.....
it would be easy
much easier than paddling the heavy motorcycle!
--
well,
what's the entire fuss about?
simple.
if what we ride,eat,wear,use,buy,drink,see,consume,show-off is our status, our lifestyle
then we maintain the balance for that lifestyle-ride
by paddling it with money.
it is much easier to paddle
a lighter lifestyle, a lighter status
than paddling a heavier one
especially
during the uphills of life!

fed-up but happy!

dejected by the hit they got from the stock market

four friends

α(alpha), ß(beta), γ(gamma) and δ (delta)

left everything behind

and settled on a far off island

undiscovered and untouched by humans so far!

they named the island 'fedup'

why this name?

well they were obviously fed-up with the abnormal "normal" life,

but they wanted never ever to forget the "fed"

the federal bank which made the policies

that made them come to this island!

--

on reaching 'fedup'

they decided to make their own civilisation.

first of all,

they divided work among themselves.

α was given the task of making and maintaing the hut

ß took the responsibility for arranging for the fire, food and water

γ agreed to provide security cover from the wildlife, and

δ accepted the role of keeping accounts and managing the money supply from the colour printer they had brought along.

--

δ printed 12 currency notes

(they called it "thankyou")

δ distributed 3 thankyous to everyone included himself.

everyone gave 1 thankyou to the other 3 for their respective services!

this way

everyone provided one service

everyone consumed every service

everyone spent all three thankyous in his pocket

and was still left with 3 thankyous!!!

this cycle kept repeating beautifully

perfect money supply!

perfect economy!

everyone contributing

everyone consuming

no tension!

all inhabitants of "fedup" became happy!

--

till one day............





(continued in part 2)

ATM

stock market

is like

an

ATM

which is open

5 days a week,

forever,

can be assessed from anywhere,

can dispense money

even without

depositing!

--

all....

provided

you know the PIN.....

the method!

--

as dr.phil mcgraw

says in his masterpiece

'life strategies'

"crack the code

otherwise your fate is sealed!"

--

fortune

great french novelist balzac

had written

"behind every great fortune, there is a crime!"

--

how true

about the majority rich!

how true

for the majority

big bulls

and strong bears

of stock market!

--

how untrue

about the unsuspecting masses

in every avenue

including

the dalaal street!

root cause (words from masters)

"imagine a tree.

let’s suppose this tree represents the tree of life.

on this tree there are fruits.

in life, our fruits are called our results.

(suppose) we look at the fruits (our results) and we don’t like them;

(either) there aren’t enough of them, they’re too small, or they don’t taste good.

so what do we tend to do?

most of us put even more attention and focus on the fruits, our results.

but what is it that actually creates those particular fruits?

it’s the seeds and the roots that create those fruits.

it’s what’s under the ground that creates what’s above the ground.

it’s what’s invisible that creates what’s visible.

so what does that mean?

it means that if you want to change the fruits,

you will first have to change the roots.

if you want to change the visible, you must first change the invisible."

- T.Harv Eker

=====

your mindset

whether programmed to be a millionaire

or programmed to be a pauper

is that invisible force

behind your present!

why winning lottery may still not make you rich? (words from masters)

"....if you come into big money
when you’re not ready for it on the inside,
the chances are your wealth will be short-lived
and you will lose it.

The vast majority of people
simply do not have the internal capacity
to create
and hold on to
large amounts of money
and the increased challenges that go
with more money and success.

That, my friends,
is the primary reason
they don’t have much money.

A perfect example is
lottery winners.
Research has shown again and again
that regardless of the size of their winnings,
most lottery winners eventually return to their original financial state,
the amount they can comfortably handle.

On the other hand,
the opposite occurs for self-made millionaires.
Notice that when self-made millionaires lose their money,
they usually have it back within a relatively short time.

the (difference):
the millionaire mind.

some people’s financial thermostats are set for generating
hundreds, not even thousands;

and some people’s financial
thermostats are set for below zero."

- T. Harv Eker

tab your ego without going broke!

i

like many people on this earth

have

limited money

and an unending long list of

'gadgets to buy'!

--

what did i used to do earlier?

well,

i always started spending

on the gadgets i wanted -

starting from the one

available at the nearest store!

--

result?

i always remained

broke

despite decent earnings

till

i changed

the strategy!

--

now

i have stopped buying gadgets

which do things DIFFERENTLY.

i buy

only the ones

which do

DIFFERENT things!

--

the results were amazing!!!

i realised that

very smartly

and shrewdly

newer gadgets

and newer version of old gadgets

were being power-marketed

down our pockets

thru our head

with just newer ways of doing old tricks

(like the touchscreen in phones and pads,

like push button start of cars, etc.)

the new features introduced

were either not of very high utility

or were easily available free of cost

from the net.

--

result?

my expenses crashed

my savings leaped

and my experience and exposure and exploration

of the world

still the same

(rather, better because of financial security)

--

i am ready to change

my camera, netbook, car, mobile, tv etc.

but

not till the newer versions on the shelf

do same things differently

--

today

my net book

has bigger screen than the ipad or galaxy tab

can play all the applications they play

has free real keyboard instead of virtual tiny one

has many times more memory

and so many more features!

the only thing

it doesn't have

....touch screen

to tab my ego!

and that is ok for me

i have discovered other ways

to tab it

better and bigger!!!