Tag Archives: wealth

Please Read these quotes written by me and review

My view on low Street IQ of professionals, who are just school smarts and trapped in the rat race of money and job.

“Fools are Fools even if they go to schools.”

“School Education will only be helpful during job interviews, but the street education helps you in all the interviews of life.”

“Teach your kids how to survive in this competitive and mean world, even before you teach then how to speak!”

“Business is the only financial vehicle, in which the steering is in your hands.”

“If you climb the corporate ladder you can  reach only the top floor, but if you create your own it can reach the skies!”


Do give me a review, it’ll be very helpful for future posts.

Thank you


Be a better money manager by learning “The W.Q. Star”


Wealth management is one of the prime concerns of everyone. And if you want to ace wealth management, you need to understand the value of the 5 elements of perfect wealth management.


1)    Earnings

It’s not the amount of money you’re earning that makes you rich, but the amount of money you can save for its further growth makes you rich. E.g. you’ve $10,000 income from your job, and if you can save not a single penny from it, you won’t achieve financial independence this way but if you can save $2000 and further invest it, your chances of financial freedom increase.

Earnings are different from income. Income is the earnings from your job, while the dividend obtained from any mutual fund, or rent from real estate investments can be considered as passive earnings. So, earnings are combination of income from your job, the income that you obtain from investments e.g. real estate, stocks, business etc. is passive earnings, there are also royalty earnings, and the newest kind of earnings is LIABILITY EARNINGS, this earning can be obtained from liabilities! You just need some innovation and sources to earn from liabilities!

So the first step for financial freedom is to note down every source of earning that you’ve, how much you are getting from it and what’s the duration of this kind of earning. E.g. royalty earnings are for lifetime, job earnings are for a limited period, passive earnings keep coming until you sell the investment, so note down everything to get ready for the next element.


2)    Budget

Budgeting is the most important aspect of wealth management. It helps you in balancing the earnings and expenses. The main element of financial freedom: investments. If you can balance expenses and earnings, and save enough to invest, the worth of budgeting goes quadrupled, because the main motive behind budgeting is to reduce the irrelevant expenses and invest the savings. Remember: expenses are basically of three types 1) Basic 2) Desirable 3) Luxuries.


The goal is to reduce or postpone the desirable and luxuries expenses, since basic expenses can’t be ignored. Save this money and start investing! When you’ll get some passive earnings, you can increase your desirable and luxuries expenses.


Prioritize your expenses, pay off the priority debt first, and gradually reduce the debt. These are some of the ways to effective budgeting.


3)    Invest

The best friend to your financial freedom. Investing opens the doors to financial freedom. You just need to be more aware about the investments that can give you more returns.


Start with basic investments: Gold and silver. These can be considered as the best investment options with low risks and no overhead costs. The next category of investments have increased risk, e.g. stocks, options, mutual funds, ETFs etc. But unlike gold and silver, their risk is highly volatile and returns are never assured, so I suggest learning more about wealth quotient before proceeding with investment.


The third and one of the famous investments for exceptional high returns and low risk is the Real estate. Benefit? Leverage and consistent earnings. You can buy a house of 100,000 only by paying around 10,000-15,000 and this is the biggest advantage of real estate. Your earnings start with the first rent check, and real estate maintenance costs aren’t much as compared to the returns it gives. Try to invest in real estate if you want to accelerate towards financial independence.

The next category is business, where risks reach to a new level, but the returns are infinite if successful, if you know about “The L.Q. star” the business leadership and management becomes easier for you.

So start your car and begin your journey to financial freedom by investments.

4)    Protect

You’ve made your investments and reaping the returns, but every investment comes with risks, and you too can reduce the risk through protection.

E.g. if you’ve invested in real estate, protect the property from damages caused by calamities, or any damage by your renters. This helps you maintain the value of the property. Hire a good property management company, it’ll help you find new renters, take rents regularly from them, and keep you and your renters happy. Have your renters insured with renters insurance, so that in event of damage to anyone in your property, insurance will take care of the renter’s expenses. In this way, you can reduce the risk in the real estate.


Protection plays a vital role in business, where large financials and products are involved. Many people have suffered from losses due to unpatented products, and this ignorance of protection leads to big losses. Protect your company by choosing the right corporate entity. In this way protection can prove to be a life saver in bad times. So never forget to protect your wealth.


5)    Expense

Last but not the least, the element of utter importance in everybody’s life; expense. At this point, you’ve budgeted, saved and invested and reaping the earnings. But now it’s time to use the earnings. Most people spend almost 100% of the profit from investments, but this never leads to the road to financial independence, instead divide the profit in some sections,


E.g. 50% of the profit could be invested back to reap more profits, you can vary the percentage according to your needs. 30% to the desirable or luxury expenses and 20% to philanthropy. Expenses are endless, but you’ve to make the right mix in order to live a luxurious life along the financial independence. So take care of your expenses, and never forget to giveaway some money. Because giving away always creates a sense of satisfaction of helping others.

So combine these 5 elements, use them in your life, and get to the path to financial independence and infinite success.

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3 questions to effective wealth management

Just three questions to yourself can change the way you manage your money.

Many people don’t know about the money trap existing in their daily life,they start by buying a few luxuries,pay their installments and proceed buying the next ones,and this goes on each year,and they never realize that they’ve become so habitual of buying luxuries,paying the debt and buying more luxuries, they are in a money trap but they never know whats wrong with it.

There’s nothing wrong with buying the luxuries,except the fact that they’re in a “Ring Of Debt”, its a ring of infinite lifetime that never ends until you realize that you’re a part of it,yet many people die peacefully,unaware about it.

Well the concept is simple,you start buying few luxuries,pay the monthly installments,then buy more luxuries by debt.Though you save for some investments,but since you don’t know the right financial instruments for good returns,you buy funds that are managed by a fund manager,and these funds never give you desired results.

You buy luxuries each year either by cash or debt,mostly by debt,invest in low return investments and never take out the time to get more knowledge about the power of investing and the perks of getting a good wealth quotient.

Get yourself out of this “Ring Of Debt”, where you spend your lifetime paying the installments, increase your wealth quotient and get the advantage of gaining financial independence and get out of this “Ring Of Debt”.

Ask this 1st question to yourself: What were my activities that brought me in the “Ring Of Debt”?  In this way you can evaluate your financial management and understand whether you’re in the right path to the financial independence.If you’re involved in too much debt payments you need to reduce them first and increase your savings by reducing the frequency of your luxury expenditures.

Next ask yourself the 2nd question: Why am i involved in the “Ring Of Debt”? If you’re involved in the ring,you can understand if this is the lifestyle you desired,if these were the goals of your life,then no problem,you can continue with it.But if you think that you need to get a more stable and successful path to passive income and effective financial management,you’ve to take out the major cause that brought you in this ring

It can be multiple causes,you’ve to take that out of your mind, note down,and eradicate it from your lifestyle.From next time if you want to become a good money manager,ignore the cause that brought you in this ring.

3rd question”How can i get out of the ring and gain financial independence?”   Their can be numerous reasons that brought you in the ring of debt,most common are the child expenses and daily luxuries.You can’t ignore them,but i can tell you a way that can bring you out of that mystical ring and take you to the path to financial independence.This questions helps you to look for answers and knowledge that can take you out of the ring.

The most effective being the wealth quotient.Understand what are the best investment tools that you can use to maximize the gains out of your savings.You’ve to take out some time daily to understand the value of wealth management and planning.When you’re able to understand it,you’ve to apply it in your life and bingo,you’re on the path to financial freedom.

Read my latest book “The Power Inside Me” for more knowledge about the wealth quotient.

Revised Edition of “The Power Inside Me”

Do you wish to manage your work-life balance?

Can you maintain your body’s daily nutritional requirement?

Do you aim to be a successful professional and lead your team to fantastic  results?

Are you willing to increase your efficiency at work?

Do you want more time with your family?

If your answer to any of these questions is yes,then you are at the right place to learn more about it.

My latest book”The Power Inside Me”, sequel to “The Journey To Your Second Life” gives all the answers.

1You’ll know more about yourself,the goals,the future planning..every aspect of your life gets more clear.

2)When you know yourself better,your mind will try to find a way to achieve those dream goals, and this book helps you to take the basic step, awareness of the 7 pieces of life- time, health, emotions, leadership, wealth, intelligence, philanthropy.

3)When you’re aware,these 7 pieces help you to schedule your daily activities.

4)The organized life leads to better results,so if you’re able to plan your life according to these 7 pieces, you’re able to leverage yourself and become more efficient.

5)Finally,the thoughts in this book can help you achieve exceptional results.

Read the 1st chapter of this book for free here or get the full copy here

Read The 1st chapter of “The Power Inside Me” For free

After the success of  The Journey To Your Second Life ,I’ve released my second book “The Power Inside Me”.It awakens you from your daily habitual lifestyle,where you complain about the way life is going,but cannot avoid it.

This book helps  awaken the true YOU,who is himself a superhero that can fight with the situations and turn the course towards his will.He doesn’t live by others likes or dislikes,but he’s got his own path to his dream life.

You too can live the way you dreamed of,you just need to awaken that power inside you,which can empower you to chase and live your dreams.

1)When you’ll read “The Power Inside Me”,you’ll recall your dream goals and the picture to your dream life will come alive.

2)When all the goals are clear,through this book you’ll find whether you were on the right path to your dreams,or were lost in the crowd’s way of thinking.

3)This book helps your urge to find a way to your dream goals,through self questioning and awareness

4)Three simple questions can change the way you live your life,and this book has them.

5)Finally,you’ll realize the true potential inside you,and your mind will start to get the answers to achieve your dream life.

Once you get the answers,bravo!! you’ll get the path to your ideal dream life.

Read the 1st chapter of this book today here



click here to download the book for free.

Do you have difficulties managing and budgeting your money?

Are you unable to remain fit and healthy.

are you unable to manage your time effectively?

Do you need a path to achieve leadership wisdom?

THESE ANY MANY OTHER QUESTIONS ARISE DAILY IN OUR MIND,but we can’t find a perfect  way to solve them

Well,we’ve a solution to your answer and it lies in my book”The Journey To Your Second Life By Shakti Pradhan”,where you can get the road to success in personal and professional life very easily,just like solving jigsaw puzzles!!

download THIS BOOK FOR FREE NOW click here .This edition of book is available free for just 7 DAYS!

MORE BOOKS COMING SOON! Subscribe to my blog for updates!

“THE POWER INSIDE ME”,Know Yourself Before You Change!

And the much awaited,

The 21 pieces to complete W.Q™

The 21 pieces to complete H.Q™

The 21 pieces to complete T.Q™

The 21 pieces to complete L.Q™

The 21 pieces to complete E.Q™

The 21 pieces to complete I.Q™ AND

The 21 pieces to complete P.Q™

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