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Showing posts from May, 2022

Financial Freedom

Hi, This is Salik, and in this post we will talk about Financial Freedom. Please comment your suggestions. it will be appriciated. Financial Freedom should be the first milestone of anyone towards happy life. it means you don’t have to work in by force; but by choice. You don’t have to do job for your kitchen but you choose profession of your own will and you can retire whenever you want. First step in financial freedom is to have multiple sources of income. Like you have to create multiple income streams, you can have house that give rent. You may have some business and day job. But you should have multiple income stream. 2 nd step is once you have the multiple income streams, prepare your reserve fund. This fund is for your emergencies. It should have contains your all expenses for atleast six months. 3 rd step is the safety for your self, make insurance for yourself or medical insurance. Incase you have any accident or mishap, it should cover for you. 4 th step is to star

Rich Dad Poor Dad by Robert T. Kiyosaki

This is the first book i have read on Financial Freedom and it is one of my Favourite. I am Salik. And this blog is for you to give insights of good books This book tells the story of a boy with two fathers, one rich, one poor, to help you develop the mindset and financial knowledge you need to build a life of wealth and freedom. This Book Tells the mindset of Rich and Poor and how they take decisions for money. Rich Dad Poor Dad Lessons Lesson 1: The Rich Don’t Work for Money Lesson 2: Why Teach Financial Literacy? Lesson 3: Mind Your Own Business Lesson 4: The History of Taxes and The Power of Corporations Lesson 5: The Rich Invent Money Lesson 6: Work to Learn—Don’t Work for Money   The Book in Three Sentences 1.     Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father (poor dad) and the father of his best friend (rich dad)—and the ways in which both men shaped his thoughts about money and investing. 2.     You don’t need to earn a high inc