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I have an eight-figure net worth that continues to increase monthly.

For the most part, this is


what I did, but it's no secret:

1. Make up your mind that you are going to be honest in all your
dealings even if it cost you money. Your reputation is everything…
the money will always come back faster to an honest person.
2. Write down your goals and check your progress daily. Revise your
goals monthly. You will find that you exceed your goals rapidly, so
they need to be increased often. My experience has been that one
year goals are often exceeded in seven or eight months.
Impossible ten year goals are achieved in six years.Write your
goals down, review them daily and revise as needed.
3. Invest in yourself and not so much in the stock market.
4. Save until you can purchase an investment property. If you can't
save fast enough, find a partner to invest with.
5. Let the tenant in the property pay your mortgage off for you as you
collect rental income.
6. Start your own small business.
7. Buy the real estate your business can use as rapidly as you can.
8. Let your business pay for the real estate.
9. Sell the business, finance a portion of it, and give the new owner
of the business a long-term lease so the rental income from them
will pay your building off for you. Theoretically, while the balance
you owe on your property is being reduced each month, the
property is also appreciating in value annually.
10. Repeat steps 6 through 9.
11. If during any time you are not buying additional properties, pay
additional funds towards your principal balances to reduce your
debt faster.
12. If you buy and hold your investment properties, you should have
adequate cash flow for your retirement years… all your properties
could be paid off within 20 years of purchase dates.
13. As a general rule, buy assets that appreciate in value, instead of
wasting money on depreciating assets.
14. There are great tax advantages to owning your own business as
well as owning investment properties.
15. Hire a good CPA firm that will council on some of your business
and investment decisions as well as help you plan for retirement.
That's part of investing in yourself.
16. Don’t live too big, but occasionally you'll want to reward yourself
for your larger successes as a motivational tool for your future
success.
17. Buy quality, rather than quantity…I’d rather invest in one quality
Rolex watch that tends to appreciate in value over time, rather
than thirty less expensive watches that will all depreciate in value
and will eventually be tossed away.
18. Realize what your time is worth: I can pay someone to mow my
yard for less than it would cost me in time, aggravation, and effort.
While it may be good exercise, there is always the risk of injury. I
can invest that same amount of time making more than enough
money to cover the expenses of a yard service with zero risk of
being injured and without breaking a sweat. Time truly is
money…invest it wisely.
19. Don't marry for money. Money can come and go. Love and family
can be there forever. Marry for love. Find a supportive companion
and the money can come later.
20. Prioritize your time. Make time to help those that are less fortunate
than yourself. Be a mentor.
I hope this will help someone and I wish you great success.

I'd like to answer this question a bit differently. I have earned substantially more than this
amount (around 8.5 lakhs in 3 months) when I was 21 and got offered around 60 lpa when I
was 22 (I am 23 now). And I left it all. Now I earn Rs15,600/month doing research in a
humble lab of a humble Science institute in India. Point is, 21-30 is the time to explore, to
travel round the world and do things you are really curious about, fall in love (again?), start
a revolution (scientific for me) and learn how to play the guitar maybe? For all this, you need
one thing: freedom and lots of it.

And I am pretty sure, that an employer who pays you 16 lpa is smart enough to take away
all your freedom. I have friends who earn similar figures and who live significantly mundane
lives drifting from one weekend to another. You are too young to do that (unless you are
constrained by other serious things like, you need money for your poor parents, but then
people like that don't ask such questions :D). 16 lakhs is the price of your freedom. 16 lakhs
per annum for a 21 year old is the worst thing that could possibly happen to you. And I feel
sorry, because you're probably not courageous/confident enough to reject that offer.

I am posting this as anonymous. First, I don't want to sound like a pompous douchebag.
Second, I don't want to piss off my "high-earning" friends, I love them and they pay for my
food/booze on weekends. :D

PS:
I went through the comments, and I see most people have missed the point I'm trying to
make here.

1.Lot's of people seem to be worried about how I made 8.5 lakhs in 3 months and what the
60lpa job was. The entire point of the post was that money does not matter! And it isn't very
impressive either. Zuckerberg had a billion dollar company at that age! But then, I live a
pretty comfortable life with the 16,000 I earn.

2. There are also people who doubt the veracity of this answer("full of lies?"). I do not care
for them, but for the people who have derived even a tiny little bit of inspiration from my
experience, I'd like to add this: I am no extraordinary guy, people like me abound in the IITs
(I am from one myself). I was working for a US company on consecutive internships and
later got offered a job in the same. Top branches in any IIT will have people like this.

3. Some have pointed out that many young people have loads of responsibilities, and I have
acknowledged that in my answer. The path I've taken is probably not for them. The post is
for the people who are not bound by anything, and yet settle for mediocre jobs wasting
their energy trying to please their bosses. If you could get a 16lpa job at 21, you could build
a 1.6 billion dollar company as well, that too, doing what you love. Isn't that better?

4. Finally, I'd like to ask you a question which I asked myself a year back. How many IITians
do you know who have changed the way you live? Not too many. The problem is with our
attitude. Most of us are averse to failure, simply because we've never really seen failure.
Most of us will do what our parents, friends and girlfriends want us to do. Most of us do not
even think what we really want from our lives! I am urging you to think and act, before age
gets the better of you. Either life takes you where it wants, or you take life where you want.
Choose wisely.

I haven’t slept more than 4-5 hours per day in the past nine years.

Surprised?

Let me tell you my story. I haven’t shared it with anyone. Some people call me talented,
while some call me extremely lucky. I call myself a hard worker.

I’ve been though interviews where I competed against 67 other candidates for the dream
job of a lifetime in a prestigious space organization: I got the position. When the results
were released, I screamed, and I cried—all the hard work, the sleepless nights, and the
mental torture I had done flashed through my mind; I saw it as a reward for all the
preparation and suffering.

My parents may not be educated, but they never stopped believing in me. Although I'm from
a middle class family, and despite the warnings about job successes, I chose Aerospace
Engineering as my major. I envisioned myself a future scientist, but the road to getting there
was neither clear nor easy. The challenges in the subject matter and its lingo made my life
miserable. I understood I’d have to work hard and intelligently to beat the odds.

Compared to international board or a central board candidates, I’ve invested incredible


amounts of time to understand complex, technical topics. For example, I’d invest eight
hours sifting through and understanding the complexities in a document that the top student
in a class might only spend two hours on. I was upholding my dream, so I couldn't sleep; I
spent most of my time working on myself, improving every day.

The most important decisions in my undergrad year came when I realized my friends had
enough money to pursue their master's degrees abroad, but my family demanded I take
care of myself and support the family.

I chose GATE. I didn't have money for tuition, so I had to put in even more effort. I
remember sleeping an average of two to three hours a day during those months, and my
eyes were always red and swollen. Friends teased me, assuming I’d been drinking. I’d just
smile right back at them.

In my first attempt, I cleared GATE, and secured an all India rank. I could now support
myself in the pursuit of my master's: it was the evolution of my dreams.

The path to my master's began in an Indian institution. The academic pressures felt during
master's work was unbelievable: of six friends who were master’s candidates, two of them
dropped out, stating they could not cope with the syllabus let alone the pressure of required
projects. Although I thought about taking a break, I understood I was in no position to do so.
I worked even harder. I remember pulling all-nighters in my friend’s rooms to finish
assignments.

During those two years I fractured my dominant, right hand and had undergone a surgery in
my right leg. I had two choices: give up, or work through the pain. Not being a fan of former,
I chose the latter. I’m right-handed, so I practiced using my left hand to write, and that’s
never easy.

Very few colleagues understood what I was going through. Many of them thought I was just
being a show off. It didn't matter to me—the pain from my surgery was enough of a
distraction, so I just ignored them. I passed the exams, and made top of the class.

One thing about Indian culture is that it doesn't matter how hard one works: family situation
determines most of one’s future.

I had to take a job with decent pay—just another, average, human being. I never wanted to
be just another human being; I wanted to be “great,” if not “the greatest.” Every day added
more stress because I wasn’t enjoying the job. I wanted to quit, but I couldn't resign. I had to
take care of my family.

My work day was from 8 am to 6 pm, which drained my energy. Being a student and
studying for 14-16 hours a day seemed easy compared to working for 12 hours and
studying for two. I felt tired everyday. I lost enthusiasm. I knew I’d have to make a decision.

Seeing an ad from ISRO calling for scientists, I was at first happy, then shocked: there was
only one position.

I sent in my application and I was confident I’d receive a call for an interview. It was a do or
die situation, so I pushed my limits. Still working 12 hours a day, I managed to squeak by on
just 5 hours of sleep per day and spent my waking hours preparing for the interview. I’d get
up at 5 every morning and go non-stop until midnight every day for the next two months.
Fortunately, I received my interview offer, but I was shocked to hear sixty-eight others were
being evaluated for the sole position.

I was nowhere near giving up.

I knew what I needed to do. I cut my sleep time to 4 hours per night and started writing
algorithms and programs for the prerequisites. I’ve written ‘1 vs 67’ in my room, my work
place, and everywhere I looked. I was crazy mad.
On the day of the interview I felt like a warrior preparing for battle. I prepared everything:
shirt, belt, shoes, even my notes like a warrior, preparing his sword and shield the day
before his greatest battle. Just before entering the interview, I wrote the following note in my
phone:

I don't know what will happen today. I have worked so hard to be here but the question is, is
it sufficient? I have pushed my limits all these years my dreams have exponentially widened
and became more and more ambitious everyday. Will this very day bring me the reward I
deserve? I’ve done everything I can. I’ve fought tooth and nail. These candidates are good.
Actually, all of these people are very good. Out of these 68 youngsters, including me, one
will clinch the title of scientist. How wonderful that sounds! I know it's no easy task. So far, I
have showed character. I have developed courage. I have worked with passion. Whatever
happens, I believe it's all for good, but if I get this job—no, no, if I acquire what has been my
'dream,' will I have the confidence to chase what is my 'dream!' Will I?

Now you have a better understanding why I screamed when the results were posted. I’ve
shared but 10% of the suffering. Some things cannot be mentioned. Maybe not now, maybe
never.

Now, others see my success and want to be like me. Some say I'm just lucky, but they have
no idea how many sleepless nights I’ve endured to end up at this, the first stage of my
career. I’ve never shared this with anyone. I’m posting anonymously because I feel it's just
the start I was hoping for, yet I know I still have a long road ahead.

My new chapter has started. I didn't want this to sound boastful. I'm sharing it to inspire you
and your friends to keep pushing your limits and pursue your dreams.

If I can succeed, then I'm certain that you will too.

All the very best.


Why an MBA?
The first questions you should ask yourself is why do you want to get an MBA and why
do you want to get it now? Do you just want out or are you interested in to returning to
the industry in a different role? Perhaps you haven’t decided but would consider using the
two years in an MBA program to take a wait and see approach.

Do your Research.
Unlike in consulting or banking, the path to or beyond an MBA is not always clear from
within an oil and gas company, especially for those in technical roles. Seek out others
who have successfully forged this path so you can ask them advice on your application
strategy and career goals. One resource for this is your own college alumni network.
Many schools offer online directories allowing you to search for keywords, such as your
target school name or your target post-MBA profession.

Alternatively, reach out to your target school’s admissions office or your target school’s
energy club to find students with a similar oil and gas background. How did their
background prepare them for business school? How was the transition to business
school? What do they know now that they wish they knew when they were applying?
What kinds of positions, post MBA, are a natural fit for someone with your background?

Define your post MBA goals.


If leaving the oil and gas space is important to you, think deeply about how you can
leverage your education and work experience to transition to something new. Investment
banks, private equity and strategy consulting firms are often looking for MBA graduates
with specific industry experience and advanced analytical skills. A great way to land one
of these jobs is to stay tangentially related to the energy field by targeting their natural
resources groups.

Another way to pivot is to consider other sectors that would value your unique
background such as sustainable energy or to build upon strengths developed outside of
your work life. If returning to the oil and gas space is important to you, research post-
MBA roles that pique your interest. Are you more interested in the finance or managerial
side of the oil and gas business? Are you interested in an integrated major that operates
globally or in a nimble play-focused independent? Do you have a preference among
upstream, midstream, downstream or services?
Choose your Recommenders Carefully.
As is true for all MBA candidates, ideally one of your recommenders would be your
direct manager. Unfortunately, as the path to an MBA is not widespread in the oil and gas
industry, this is not always possible. Asking a direct supervisor can jeopardize current or
future work assignments.

Additionally, some potential recommenders don’t have insight into the process or have
what it takes to write a stellar recommendation. Alternates for a direct supervisor would
be a (significantly) senior colleague or a prior manager – someone who knows you well
and can provide granular, detailed support of your application. Prepare your
recommenders by sharing your essays, career goals, and project specifics so that they can
take these into consideration. Make sure they are aware that the letter is not a
performance review but rather advocacy on your behalf.

Focus on the Personal.


Many oil and gas candidates have significant technical achievements and capabilities.
While these capabilities are an asset in Exploration & Production they are not particularly
persuasive on an MBA application. Adcom would be more interested in the interpersonal
dynamics of projects. How do you manage leadership, teams, colleagues, or external
issues? What have you done to overcome a hurdle? Is there anything in your personal life
that is the key to understanding how you have developed as a human being?
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India/answer/Kalrav-Shah-2?srid=zXUj

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