I got an invitation for a session for the topic "Get Rich and Retire Early"
I thought someone going to explain about some insurance policy or some MLM business, and not given much attention but still wanted to attend the session. but I was unable to attend due to some problem.
later when My friend came from session and he was very excited and told that he going to become rich within few years without working extra, from same earning.
Then I bought his book "How to Get Rich and Retire Early" and started reading.
generally I don't like to ready book. I don't have habit to read book. but this book was interesting and I have
completed within 3 days.
This books mainly explained about ROI (return on investment) whatever and wherever you invest, you check for ROI. are you getting more than inflation? if not then actually you loosing the money.
if you consider inflation at 10% per year then value of Rs 110/- after a year is same as Rs 100 today.
means if you getting 10% interest on your investment like FD or on other investment then you are not getting any benefit. if you getting less the 10% interest on your saving , lets you are getting 8% then actually you losing 2% per year, which generally happen in insurance policy.
this book explains how you will get 15 to 20% ROI and make yourself financially independent to retire early.
this ROI (passive income) means Money working for you. so you decide you need to work for money or money works for your.
This books given a very simply but very effective definition of RICH.
RICH means: your annual passive income >= your annual expenses
once your annual passive income or you can say ROI become more or equal to your annual expenses then you are rich and you can take early retirements.
I suggest please read that book because whatever I have written here, will not give you full idea.
Buy How to Get Rich and Retire Early
I thought someone going to explain about some insurance policy or some MLM business, and not given much attention but still wanted to attend the session. but I was unable to attend due to some problem.
later when My friend came from session and he was very excited and told that he going to become rich within few years without working extra, from same earning.
Then I bought his book "How to Get Rich and Retire Early" and started reading.
generally I don't like to ready book. I don't have habit to read book. but this book was interesting and I have
This books mainly explained about ROI (return on investment) whatever and wherever you invest, you check for ROI. are you getting more than inflation? if not then actually you loosing the money.
if you consider inflation at 10% per year then value of Rs 110/- after a year is same as Rs 100 today.
means if you getting 10% interest on your investment like FD or on other investment then you are not getting any benefit. if you getting less the 10% interest on your saving , lets you are getting 8% then actually you losing 2% per year, which generally happen in insurance policy.
this book explains how you will get 15 to 20% ROI and make yourself financially independent to retire early.
this ROI (passive income) means Money working for you. so you decide you need to work for money or money works for your.
This books given a very simply but very effective definition of RICH.
RICH means: your annual passive income >= your annual expenses
once your annual passive income or you can say ROI become more or equal to your annual expenses then you are rich and you can take early retirements.
I suggest please read that book because whatever I have written here, will not give you full idea.
Buy How to Get Rich and Retire Early
In
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