Wealth building with simple living

Wealth is something  everyone would want to pursue. Simple living is choice not a constraint and if you opt to it, it could help to grow your wealth and retain it.

From Warren Buffet, Mark Zuckerburg to Azim Premji many billionaires are example of simple and frugal living.

World economy is volatile and irrespective of your professional position and earnings it may adversely impact you at any point.

With simple habits in early life can help to flourish the later part of life and could help future generations.

simple living, money


# Saving is important as earning:


    Simple living people focus on saving money first before spending. They plan to save minimum fix amount of regular income and spend rest for luxury/pleasure.


# Avoid DEBT:


   At any given time debt is not good. It may create your credit record but it is wise to avoid EMI for every other item you purchase.
Don't by 50" LED on EMI/APR if you could settle with 32" without any debt.
Majority of people are under credit card debt.


“Poor people have a big TV. Rich people have a big library.”

Jim Rohn

# Minimum liabilities:


Rich people look for building assets and not liabilities. Assets that would yield them money to buy more assets. 
Bigger house, more cars, fancy crockery, expensive gadgets etc.
If wealth building is goal then don't waste money on spending things that would need more money to retain, like a bigger house costs bigger maintenance cost in electricity bills, water bills, taxes cleaning etc.
If you have family car for daily routine and you want to have SUV for your weekend trips, when you buy that second big SUV you start paying for insurance, oil and maintenance, road taxes for the car which is parked  often.
You can rent out that fancy car for weekend trip than spending lot of money on it and adding one more liability.


# Focus on health: 

Simple living people more often have healthy habits, it is not really important to party every weekend. Simple living people like to spend time with friends and family that doe not involve many of partying expenses.
Healthy eating, avoid excessive alcohol and junk food. Simple living people more often chose simple foods that help them retain good health.

# Avoid social media envy:

Facebook, Instagram and what not; social media have record of almost every individual on the world. Overspending time on social media could lead to envy.

Take time to read books, and spend time wisely.



# Long term goals with money:

You have to take time to start learning about money, yes it is the most important process in making money. No matter of your profession you could be a good doctor, clever engineer but knowledge about finances and money can help you to grow.Otherwise we have read news of movie stars getting bankrupt.
If you can sit in the shade of tree today, because someone planted it in past. Same way to have money in later life or for your children, invest for long term.


Start immediately

Start only BIG
Bring in Excitement
You have infinite potential- No Beginning, No end
You cannot give what you haven’t got
Earning money is the simplest thing in the world
Become aware of what you don’t have, what you don’t see
Use the information you learn
Intellect dictates your emotional experiences
Everything is, as it is
Avoid that which weakens you
Advance your consciousness, the most important thing
you can do is release the things that hold you back
You must build a unique identity and constantly reinforce it!
~ Unknown


References-
https://addicted2success.com/quotes/quotes-by-millionaires/
http://www.istorybox.com/?#5tips

Practical benefits of let life be unfair.

allowing life to be unfair

There would be very few people in the world who lived life the way they planned. Things don't happen the way you planned every time, some times life treats you unfair.
Allowing life to be unfair is OK. You certainly can't control everything so you have to learn to take it forward from what you have.
And unfair results could be great teacher and boost to future success.

# Chance to explore new Opportunities:

When you rely on certain results and you didn't get fair results of it. Whether its a job promotion or business deal. Or personal relationship, no matter what efforts you put in and sometimes you get negative response and that what we called life's being unfair.
And what to do post that?
Focus on taking advantage of bad situation, capitalize on negativity to get positive results in future.
Nothing will turn overnight for sure, but one has to shift focus to new opportunities.
Whether its a new job, there are always job openings, new business venture or looking for new relationship.
As they say there are 26 letters , if plan A doesn't work make B,C, D, .... Z.
There are practical examples of people we can consider; as they quote,

Everyone has a plan 'till they get punched in the mouth.
~ Mike Tyson

Ability to convert difficulty to opportunity is the most difficult trait you can obtain and everyone don't possess it.
life is not fair

# Roller-coaster:

There is no fun if roller coaster don't have drops and highs. It makes only fun to rise high when you got drop and that increases your speed also.
Otherwise it would be a boring flat track journey.
If you adapt to fall, unfair results if you are able to find a joy in it, then you develop a strong fearless persona, which indeed is a going to yield you super success.

# Chance to Improve your strengths:

It is a chance to improve your strengths, when your opponents are in impression of your failure.

# Raise your limits:
You would be only become as strong as when you need to be. You could realize  your maximum potential when you don't have any other option.

# Aspects of Happiness:
There are many other aspects of happiness over material success. Unfair results helps to assess personal and professional relationships. It will help you to work under odd situations.

5 BENEFITS OF CELEBRATING FAILURE

Why should you celebrate failure?

Could failure be beneficial? No body wants to fail in their attempt to anything, but it is fact that sometimes you can't control fails. 
Your professional or personal life, certain things are out of your control, you could put your efforts but still you could face the failure.
Responding to failure is not easy, it could lead you to a setback and depression.
So why not counter attack rather than putting a defense or trying to find reasons why you failed, celebrate it.
Yes celebrate it, get over it and go ahead for success in future attempts.


Five Benefits of celebrating failure.

  1. Kill the fear
  2. Lighten yourself
  3. Happiness
  4. Know your strengths
  5. New opportunity to rise

5 benefits of celebrating failure

1. Kill the fear:


Fear of failure is more dangerous than the actual failure. Eventually if you failed despite of your efforts, it is important to accept it from inside your heart and celebrate it.
Celebrating it will make you remember the day on positive note, it will help to teach you to get over things.
While celebrating you can have friends and your celebrating is announcement that you are not afraid of failure anymore and you are ready to take on next challenge.


Do not take yourself too seriously. You have to learn not to be dismayed at making mistakes. No human being can avoid failures.
~ Lawrence G. Lovasik


2. Lighten yourself:
When you accept and celebrate the failure, you also will realize that you can relive yourself from the pressure being successful or striving that great results.
This is the opportunity to relax and lighten yourself, ease your mind. Let it be.




I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.
~ Steve Jobs

3. Happiness:

Could failure give you happiness? seems not. But it could if you look otherwise.
Ok you failed, you failed to get that promotion or get that new business contract now what?
Celebrate it yes have a party of your own. Who on earth is unhappy while partying?
You are relaxed now, you don't have any burden of results, no pressure to maintain you successful posture. Take these reasons to be happy. You have a free mind and that will make you happy.
This is positive thinking and yes celebrating failure, celebrating  anything will yield happiness.

4. Know your strength:
When you find the courage of accepting and celebrating your failure, helps you to find out how strong person you are.
Yes, this will let you identify your strengths, it is important to rise again. 

 “It’s fine to celebrate success but it is more important to heed the lessons of failure.”

— Bill Gates

It is important to assess your failure with calm mind, identify the lessons learned and get back with your potential.


“Do not be embarrassed by your failures, learn from them and start again.”

— Richard Branson

5. New Door:
New doors for new paths of success are opened when last ones are closed out of failure. Do you have the courage to stand up and rise again? if not how do you get that?
You get that when you get over it. You celebrate the success, you are strong enough to digest that fail and strong enough to stand up again.
The you get the new opportunities, to try again and again. 

Failure is the first step to success, so anyways it is going to lead you success so why grudge it, celebrate it. Be happy, get the strength to rise again and continue the journey.

Success is not final, failure is not fatal: it is the courage to continue that counts. ~ Winston Churchill

Thank you!


References:
http://www.goodreads.com/quotes/tag/failures
https://www.brainyquote.com/quotes/keywords/failures_2.html
http://news.stanford.edu/2005/06/14/jobs-061505/