By: Tarun Prakash Srivastava, Sr. Executive Editor-ICN Group
The God has made twenty-four hours of the day for all the creatures of the world. Every creature has the same amount of time in a day – neither one minute more nor one minute less, but the earnings of every person in the world are often different.
Talking to you, I remembered the following lines of internationally renowned scholar, Economist and successful entrepreneur Roberts T. Kiyosaki, which work to me a lot and I believe that it is very useful for you also –
“He is the smartest student in school life who does not make any mistake, whereas in the real world He is the smartest person who makes mistakes and constantly takes lessons from those mistakes.”
Roberts T. Kiyosaki, at one place, has also given the formula to instruct the brain:
“The direction of your life is not controlled by the words that you speak loudly to the entire world, but those words which you slowly whisper and speak with yourself and you only listen to them.”
I think that now you also have no doubt about the fact that till now, your brain was controlling you as you were almost inactive mentally, but today, you know that by practicing regularly, you will be able to control your brain and if you have attained the efficiency of controlling this supreme and best instrument of creation once, then any door to success may be open for you.
So far, we have created small bricks of our savings, and now it is necessary for us to save our savings from self-reduction by making them a source of additional income.
I told you at the last halt that we are walking on the road which is moving backward at a certain speed or we are filling water in the tub, which also has a tap for the water downstream.
It is evident that if we want to save our savings from self-declines and make them a source of additional income, then the rate of earning of our income by this savings should always be higher than its rate of depreciation and it means that we have to invest our savings in higher income investments. Which investments are they? What is their duration? How much risk do they have? There are many questions that we need to know about the answer.
Types of investment
Investments in the development of your ability and personality
If a list of the investments can be prepared based on their need and importance in life, I am sure that the expenditure to develop the person’s ability and personality will be on the top of such list of investments.
Our income is as much as our ability to earn money is. We all know that there are two important factors about the equation of the income of an individual – (1) time and (2) skill.
The God has made twenty-four hours of the day for all the creatures of the world. Every creature has the same amount of time in a day – neither one minute more nor one minute less, but the earnings of every person in the world are often different.
In general, one person works for eight to ten hours a day, but even after a similar period of work, a laborer earns a hundred to two hundred rupees, but a skilled surgeon or a successful lawyer; earn even one Lac rupees per hour. This fact proves that there is a limit to physical labor, but the limit of mental abilities is very broad, and it can earn more than your imagination, and this mental ability sets you apart from the crowd, and you become valuable. If you are employed in an office, you must have seen that despite investing an equal amount of time by all the employees, their wages at different levels are less or more.
You believe me – your brain is far more valuable and useful than your whole body, but we are not familiar with the value and importance of this idle (inactivated) treasure.
Here, there is a unique and eternal equation for you-
Time x skill = earnings
To understand this well, see the following examples of one-day income –
| Time | Profile | Ability to earn per hour | Income |
| 10 Hours | Laborer | Rs. 20 | Rs. 200 |
| 10 Hours | Clerk | Rs. 30 | Rs. 300 |
| 10 Hours | Professor | Rs. 5000 | Rs. 50,000 |
| 10 Hours | Doctor | Rs. 10,000 | Rs. 1,00,000 |
| 10 Hours | Advocate | Rs. 50,000 | Rs. 5,00,000 |
Here I think it is necessary to make one thing clear that these figures are very fictional and only I have used them to explain my point. It is always possible that a worker, clerk, professor, doctor or lawyer earns very little or too much income from the given example. I have mentioned the above figures keeping in view the general criteria of the society. If any official/businessman has the problem with the legendary figures above, I am sorry.
Tarun Prakash Srivastava
From my book ‘Science of Money’ available on Amazon.com in English at http://bit.ly/Science-Of-Money and in Hindi at http://bit.ly/साइंस-ऑफ़-मनी
