WRITE-UP

KEY TO FINANCIAL FREEDOM-KULIN DESAI-

ENGLISH
 Kulin Desai-B.Pharm,MBA Marketing,CITI Bank.

MONEY
 Sam Walton-Drove Pickup Truck – Because he liked to drive it
 Examples on Car , House , Dress & Menu card
 Question arises-1)you like it 2)You can afford it

TIME
 Time to enjoy money or money to enjoy time.
 Going to work to take care of money.
 Do you own your business or your business owns you?
INCOME SECURITY
 Your ability to produce.
 No. 1 surgeon is of no use without his hand.
 INCOME SECURITY means when income does not depend on you.
 Carburetor replaced with fuel injection,Federal express with Fax Machine etc.
examples of loss of income overnight.

To Overcome this we require DUPLICATION/DIVERSIFICATION

1)How wealth is created?
IMP: TIME IS MONEY
 Increased hourly rates but not hours by enhancing skills.
 Every 10 years price doubles but time remains constant.
 24 hours are limited.
 Increase no. of hours in a day.
 Use employees for increasing hours.
 Business- Huge capital is required.
2)Franchise
 Franchiser and Franchise relation.
 Interest drawn by Ray Kroc from every Mcdonald
3)Private Franchise
IMP: Everybody is a Franchiser.

How you can survive in coming five years without being producing?
Ans.:Ambitious person traits:
1)80-20 rule.
2)Willing to listen-Teachable.
3)Willing to make change
 INSECURITY-Ding same things and expecting same results.

 Can you drive to Europe in BMW?

No due to safety issues and different vehicle requirement.
 Some giveup on destination.

CONSTANT IS CHANGE
LEVERAGING: As per Archemedes big enough lever will lifted entire world.