SRIKAVI MONEY: April 2022

Sunday 17 April 2022

USE THE RIGHT VEHICLE TO REACH ARABPATI GOAL FASTER

EQUITY IS INEVITABLE FOR WEALTH CREATION

Suppose say, you want to travel from your residence to the Airport.

let me take my own example.

From my house, the Google Map says it takes 1 hour to reach Airport by Cab

Now, let's assume, I change my mode of transport from a Cab to Public Bus Service.

The destination (Airport) remains the same but the time taken to reach it doubles from 1 hour to 2 hours!

I didn't change the route or the destination but just the mode of transport.

Now... let's assume, I decide to WALK all the way to the Airport.

Can you guess how much time it would take me to reach the Airport...

A full 7 hours (yes SEVEN HOURS)

Will I not reach the Airport If I decide to WALK?

Of course, I will!!

But, will it make sense to take a long arduous walk of 7 hours and reach the Airport fully tired and with zero energy?

Likewise, you definitely will become a Crorepati when you do invest in a Bank FD.

At 6% interest, and investing Rs.5000 per month, you will become crorepati in 40 years & 8 months !!!

But at 15% returns (avg Stock Markets return for the past 42 years), and at the same Rs.5000 per month, instead of 40 years, you will become Crorepati in just 22 years & 9 months !!

But at 22% (returns generated by Nippon Growth Fund), at the same Rs.5000 per month, you will become a crorepati in just 17 years.

Disclaimer : While Nippon Growth Fund has given 22% CAGR in the last 26 years, please note that the comparison with Nippon growth Fund is purely an example and is not an indication to either invest in the fund nor an attempt to show that you could get such a return. Mutual Fund Returns are subject to Market Risk and past returns are purely indicative and may not be repeated in future.

Having a crore in 17 (or 21) years is 100 times better than having a crore in 40 years!

If you are traveling to the USA, which mode of transport would you prefer?

Flight, Ship, or Car?

The best mode is FLIGHT

Even by Ship/Car, you can reach the US but what about the time taken and the strain involved.

But the best option is FLIGHT.

Similarly, for WEALTH CREATION, the best option is EQUITY MUTUAL FUNDs

All other modes will also help in your Wealth Creation but will take their own sweet time.

Every investment is important but it always depends on WHEN you want to reach your destination.

BTW, you will reach your destination of the USA even by walking but don't ask me how long will it take!!

In the

same way...you can become CROREPATI by keeping money in an SB account but don't ask me how many YEARS it will take...

Change your mode of transport to reach your destination quicker

Change your mode of investment to become Wealthy Quicker!!

Regards

All the Best

Srikanth Matrubai

#DontRetireRich #WealthyHabits #WealthOfWisdom

You can also watch the video here

All the best,
Regards,
Srikanth Matrubai

MUTUAL FUND DISTRIBUTOR

REBALANCE VOLATILITY CERTIFIED COACH

Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH

You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. https://amzn.to/3cHUM6M/

You can purchase the book on Amazon and Flipkart

For the best of ideas on where to invest to create Mountains of Wealth

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Google Map & Wealth Creation

Saturday 9 April 2022

EASY & SIMPLE METHODS TO INCREASE YOUR INCOME

With the ever-rising prices, the salary increase seems just about okay

Our lifestyle remains the same as it was and we continue to live in hope that our future earnings will be MORE than our future expenses and our lifestyle will become better than our neighbors and cousins!

And the cycle continues.

Instead of getting desperate and getting stressful, try out the simple easy methods which we have highlighted here and we are sure you will see a definite spike in your income and sure enough, in your lifestyle too.

So, ready?

Here we go

1. ASK FOR A RAISE IN SALARY
The majority of salaried do not ask for a raise in salary due to fear of losing a job / getting into the bad books of the boss, etc

But, asking for a raise is not a wrong thing, and do not hesitate to ask (would say, request) for a better salary.
Especially if you are doing more than decent work and are due for a raise and have been working in the same position for some years now.
BTW, you should at the same time be ready to shoulder higher responsibility and maybe more work.

2. RENT YOUR CAR
We tend to buy cars mainly to show off to our neighbors and relatives and under peer pressure.
After the initial enthusiasm of purchasing the car, it stays in the garage for days together making an odd outing once in a month or so.

You can put your car to good use by sighing for a co-rent service and earn money from the same.

This way, even your car will be in good shape as the battery and other components don't go flat due to lack of use.

Especially, if you are going on a long holiday or having to work from another city for a lengthy time, renting your car makes a definite sense.

Of course, make sure that your car is always in good condition so that it fetches good rent.

3. CREDIT & DEBIT CARD POINTS
If you are a regular user of Credit Card & Debit cards, you would be receiving reward points regularly. You can have these reward points converted to CASH and increase your income.

If your debit card does not give you reward points, consider changing your bank. Many banks now give good reward points on the usage of debit cards.
And regarding credit cards, do not credit cards unless you are regular in paying off the pending bills on time
An added advantage of Credit Cards is that many companies give extra discounts while using Credit cards

4. SAVING IS EARNING
Pay off your DEBT starting with the one which has the HIGHEST INTEREST OUTGO (credit card)

Money saved is money earned.
Being in debt is also a matter of stress.

You can also REPLACE the high-interest outgo debt with lower interest.
check for options with your banker and also take the help of a Financial Expert on this
You can also use GENERIC medicine instead of Branded ones to save on costs

Shopping at Wholesale results in not only saving of time but even costs.

Have a look at this article

http://www.goodfundsadvisor.in/2017/04/rupee-saved-is-rupee-earned.html

5. SELL USED ITEMS

Yes. Without your knowledge, you would have accumulated many items which you would have bought for fancy or peer pressure and not using now.

Selling this will not only reduce clutter but also increase your income

6. USE YOUR HOBBY TO EARN MORE
Your hobby could help you earn money
If your hobby is to love teaching or making cakes, it could help you in not only spending quality time but also earning money from doing a work which you actually like doing.

7. RENT YOUR EMPTY ROOM
Just like renting your car is an option to earn a higher income, so too could be your extra room.
You can always give it for rent

If you don’t want to give for long rent, you can consider giving for shorter ones like a family holiday.
Companies like AIRBNB find customers for your room and pay you to rent.

8. GIVE SPACE FOR Ads
You can give space on your balcony/terrace & even your vehicle too for companies to advertise their products.

Even your car can get you good money when you rent its space for ads. Its a marketing method that attracts a lot of eyeballs and lot of money to your wallet !

Some permission could be required when it is your building but this too is a great way to EARN MORE besides your salary.
You will get monthly revenue and it keeps increasing.

9. PART-TIME JOB
This is the last option that almost everyone looks at

I personally do not recommend this as you would already be tired at your main job and to earn a few rupees more, you would be stretching your body, and mind.

Part-time job gives very less pay, no employee benefits and does not make sense at all.

Besides, you would be away from your family for a further 2-3 hours

And we should not forget that whatever we are doing, it's ultimately to see our family happy and if you are not there with then there is no point in earning extra.

To be fair, the opportunities to increase your income, (just like opportunities to spend) are limitless
We need to identify the one to which we can relate and focus on that.
Ultimately, what matters is SELF SATISFACTION and this comes when you have ZERO DEBT and, on the way, to a STRESS-FREE RETIREMENT LIFE for which a good big money bag is inevitable.

The majority of people do not earn extra as their focus is on REDUCING EXPENSES where the scope is limited

But turn your focus into EARNING where the scope is UNLIMITED.

Regards

All the best
Srikanth Matrubai

Author – DON’T RETIRE RICH