From rags to riches, in 18 minutes
This was an article in Rediff.... and no, it dosen't make u rich in 18 mins.... :-))
Sheer greed made me open this link to find out more..... I was dissapointed, but the story which was showcased was thought provoking.....
'I was on my way to work and Murphy's Law had struck in the form of a traffic jam. In an attempt to dissuade my cab driver from blaring Himmesh Reshamiya's latest assault on music, I began to chat with him. In the course of my discussion, I asked him if the taxi he drove was his own or was he on a shift system like many others.
'His reply had me speechless. Not only was the taxi he was driving his own, but he also owned six other Fiat taxis, one Toyota Qualis, which he hired out and was now debating between a truck and bus for his next acquisition. Wow!
'I asked him where he got the money from. . . slightly nervous that I was riding with a possible hitman for Dawood. And his answer was even more surprising.
'He said: "Madam, whenever you need to go some place you take a cab and go. When I have to go some place and I don't have a fare going in that direction, I park my taxi some place and hop into a bus."
'I listened as he spoke. "How much does it cost you to travel from your home to your office?" Rs 100, I said. "Well, Rs 200 for a round trip?" he continued. "Well, let's say you travel through the month by taxi. How much would that cost you?" Some quick math later, I came up with the answer: Rs 6,000!
'I was spending Rs 6,000 a month to travel. Then he said: "The bus ticket costs you Rs 10 and say another Rs 20 to get from your home to the bus stop. That's Rs 60 per day for a round trip. You are saving Rs 140 everyday. That's Rs 4,200 a month. . . nearly, Rs 50,000 a year. If you invested that in something, you'd be able to buy your own car!"
'What could I say? I now travel by bus. And am doing a Systematic Investment Plan in a mutual fund and paying a monthly premium in a Unit-linked insurance plan."
How many of us in the age group of 20-30 ever think of savings... I personally don't.....
Thinking of retirement now, makes me squirm... I don't know if I'll be alive tomorrow, to hell with what will happen to me 10 years down the line...... I believe in living in the present and if possible taking a shortcut to success, money and fame.....
The thing is it dosen't happen that way..... no shortcuts possible.... hardwork pays (not always - personal opinion) and making investments for the future are a step in the right direction.
Sheer greed made me open this link to find out more..... I was dissapointed, but the story which was showcased was thought provoking.....
'I was on my way to work and Murphy's Law had struck in the form of a traffic jam. In an attempt to dissuade my cab driver from blaring Himmesh Reshamiya's latest assault on music, I began to chat with him. In the course of my discussion, I asked him if the taxi he drove was his own or was he on a shift system like many others.
'His reply had me speechless. Not only was the taxi he was driving his own, but he also owned six other Fiat taxis, one Toyota Qualis, which he hired out and was now debating between a truck and bus for his next acquisition. Wow!
'I asked him where he got the money from. . . slightly nervous that I was riding with a possible hitman for Dawood. And his answer was even more surprising.
'He said: "Madam, whenever you need to go some place you take a cab and go. When I have to go some place and I don't have a fare going in that direction, I park my taxi some place and hop into a bus."
'I listened as he spoke. "How much does it cost you to travel from your home to your office?" Rs 100, I said. "Well, Rs 200 for a round trip?" he continued. "Well, let's say you travel through the month by taxi. How much would that cost you?" Some quick math later, I came up with the answer: Rs 6,000!
'I was spending Rs 6,000 a month to travel. Then he said: "The bus ticket costs you Rs 10 and say another Rs 20 to get from your home to the bus stop. That's Rs 60 per day for a round trip. You are saving Rs 140 everyday. That's Rs 4,200 a month. . . nearly, Rs 50,000 a year. If you invested that in something, you'd be able to buy your own car!"
'What could I say? I now travel by bus. And am doing a Systematic Investment Plan in a mutual fund and paying a monthly premium in a Unit-linked insurance plan."
How many of us in the age group of 20-30 ever think of savings... I personally don't.....
Thinking of retirement now, makes me squirm... I don't know if I'll be alive tomorrow, to hell with what will happen to me 10 years down the line...... I believe in living in the present and if possible taking a shortcut to success, money and fame.....
The thing is it dosen't happen that way..... no shortcuts possible.... hardwork pays (not always - personal opinion) and making investments for the future are a step in the right direction.
posted by Bina @ 12:46 AM
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