Part-6
Hello Friends, welcome to Financial Gyandarshan & Business Education Class Part-6
Life..
What is life....?
Or
Meaning of Life..
In Financial language life means....
Time Freedom + Money Freedom = Life.
Time freedom & money freedom that's equal to life...
That is, such a life that you have a lot of money to live and you have a lot of time to live with this money, it is called life.
How is life in two ways... one is to cut life and the other is to live life....
Cutting life and living it is called like…..many people travel in a train but in the same train some people adjust and travel in general coach and some people travel in A1 AC coach… it is called life. cut and live
Living life means we don't have to walk by adjusting. For which we have to have Financial Freedom .
When will we be financial freedom when we are one step ahead of rising inflation rate?
First we will know about the inflation ratio....
year
1920 - 1 rupee
1940 - 10 rupees
1960 - Rs 100
1980 - 1000 rupees
2000 - 10000 rupees
2020 - 100000 rupees
This is the inflation ratio. That is, those who used to earn 1 rupee in the year 1920, those people were living well, all the others who used to earn less than 1 rupee were spending their lives.
This ratio will become 10 times every twenty years. In the year 1920, there was 1 rupee but after twenty years, the ratio increased 10 times.. That is, those who were living well in the year 1920 for 1 rupee, now they will have to earn 10 rupees in the year 1940, only then they will be able to live well. Otherwise life has to be cut.
In 1960, this ratio will increase 10 times again i.e. it was 10 rupees in 1940. Now this 10 rupees has increased 10 times to 100 rupees.
Similarly, in the year 1980, the ratio of inflation from Rs.100 to Rs.1000 has become Rs.1000 and from the year 1980 to Rs.1000 in the year 2000, it has now become Rs.10,000. In this way, the inflation ratio is increasing, which will not be able to stop it. Now this ratio has increased from Rs 10000 to Rs 100000 (1 Lac) in 2020.
What to do so that this inflation ratio can go along with or stay one step ahead of this ratio.. For this you should follow what I have told in the previous chapter....
Thank you
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