How to Get Financial Freedom in india

 India has struggled 200 years to get freedom from Britishers. But after 76 years ( 15 Aug. 2023) of freedom, still, we are fighting to get financial freedom. Britishers have gone 76 years ago but still, we have the financial slavery.  We can count crorpati in India just on finger but its population is of 150 crores. Rest is spending life in low class and middle class steps who do not get full day food in the family and unable to achieve what they want in the life. More interesting fact is middle class is of big number of educated means they are unemployed but they have graduate and post graduate degree.

 It is very sad fact for me. 

As per me, its main reason is lack of financial education. People are learning just becoming slave as job seekers like in the britisher's time but today they need to real knowledge and use it practically. 

Today, ask a wel educated engineer, mechanic or Doctor, do you make personal income statement and balance sheet, he does not what is it. And we find liabilities and expenses in their financial statements. So, no growth net worth growth and they will do work whole life as they are doing now 

Remember 

No one can become financial free with job

Every can become financial free with business

So, today, I am sharing its simple Steps

1. Learn Where You Stand on Your Financial Foot

Today, take two blank papers and make your personal income statement and balance sheet

Personal income statement

your total income per month 

your total expenses per month

To check, Is your per month income more than expenses and are you able to save and invest per month for wealth growth. 

Personal Balance Sheet 

Write your total Assets left side

Write your total liabilities right side

compare and find whether you have assets or liabilities 

assets which brings money in your pocket in the form of passive incomes 

liabilities which takes money from your pockets in the form of expenses 

Difference between assets and liabilities is your net worth 

If it is Rs. 1 Crore + today, you will say, you will financial free in India

If not Rs. 1 Crore net worth, your first goal to reach at this point with fast race 

and make it your long term goal 

Like 2 years goal 

or 5 years Goal

2.  Make the Strong Base of Your Financial Freedom 

Every building stands on strong base. Otherwise, it will fall. India Got freedom in 15 august 1947 with 730,000 people martydom. 

Do you not believe this freedom which we receive 

with sacrifice of freedom fighters

Hang with neck till death

sacrifice in Jaliawala Bhag

Endless afforts came fruits for us. 

Freedom fighters can also enjoy the pleasure but with this, we can not get freedom in 15 august 1947

If not know them read them through 40 biographies of Indian freedom fighters. 

Never forget the value of this freedom

Same will apply on your financial freedom

It needs also sacrifice. 

Sacrifice of your useless desire of food, clothes and car, AC and beautiful house. 

Today Make Your Separate Investment Bank Accounts 

1. Minimum 50% of your current active income save in your separate investment bank accounts. 

Never withdraw from it for personal use

A Bank Account 

I am collecting money for first Real Estate Investment of Rs. 20 Lakh for Rs. 10,000 per 

Month Rent Income 

Maximum per month saving for this investment  for 5 years = 33,000

Minimum start = Rs. 5000

First goal to buy land and then construct. 

B Bank DEMAT Account 

I will collect the investment of Good companies shares of Rs. 20 Lakh for Rs. 5000 Dividend @ 3% annual dividend yield.

 Maximum per month saving for this investment  for 5 years = 33,000

Minimum start = Rs. 10000

for good portfolio

C Bank MF Account 

I will collect the investment of Good MF  of Rs. 20 Lakh for Rs. 5000 @ 15% annual Appreciation

Maximum per month saving for this investment  for 5 years = 33,000

Minimum start = Rs. 2000

for good portfolio

D Bank Account 

I am collecting money for Gold investment of Rs. 20 Lakh for return 10% pa

Maximum per month saving for this investment  for 5 years = 33,000

Minimum start = Rs. 5000 pm 

for first 10 Gram gold at the end of the year. 

F Bank Account 

I am collecting money for FD+Bond  investment of Rs. 20 Lakh for interest 7% pa

Maximum per month saving for this investment  for 5 years = 33,000

Minimum start = Rs. 5000 pm 

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Total investment in 5 Years Goal = Rs. 1 Crore 

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3. Learn Financial Education Daily 

Every day take 1 Hr and 

Learn  financial education through 

1. Books of investing in real estate, stock market, mf, bonds

2. Books on wealth growth

3. Online video lecture and contents on wealth growth

4. Learn from personal guide who has the investment of Rs. 1 Crore and passive income 

4. Invest Your Time for Getting Intangible Assets 

Never Waste your time. Invest it for getting intangibel assets 

1. Create your own website

2. Write Minimum One Quality Content in Your Website 

3. Make Minimum One eBook in One Month

4. Make One Video Course in One Month with Minimum 10 Videos

It has your own copyright. You can can get passive income without work in the form of 

advertising and royalty and course fees.

5. Re-Invest Income from Your Long Term Assets 

If you want to get financial freedom, you need to re-invest your income from your long term assets again in same assets. So, your assets will become big. 

Read Also

How to Teach Business to Get Financial Freedom in India?