Sunday, August 20, 2023

Two Levels of Wealth

 Two Levels of Wealth


Financial freedom is when you have enough money to do whatever you wish to do, work wherever you wish to work, and live the way you wish to live.


This is achieved by the time you are able to create a corpus somewhere between Rs. 5 Crs to Rs. 8 Crs.


This essentially means that a person who is having Rs 8 cr. Is as wealthy as a person having Rs  800 cr. Of even more at a Personal Level.


This is a very important point to bear in mind.


So why do people want more wealth even after crossing this level.


That is because people don't know about the power of compounding.


Why want more when it is not going to serve you, and that's a guarantee.


Is there a real reason to want more? 


Yes, there is one, and this is called the Social Financial Freedom.


This is having the freedom to change the lives of others. 


This is having the freedom to manufacture employment.


This is having the freedom to make the lives of people better.


And we are here talking about people who we don't even know.


This freedom is about progressing the society, the state, the nation, and the world.


This is the freedom to meditate, to love, to be content with yourself.


Sitting in a room alone for 30 mins and feeling completely in peace is the Social Financial Freedom.


This is the point of Beyond A Milion Dollars or Rs 8cr. is the inflection point after which we need to live for a Purpose for a Massive Vision. 


Not realising this and mindlessly building wealth will lead to a life of abundant poverty - abundant money + abundant unhappiness.


Time has come to discover the two levels of financial freedom, Personal Financial Freedom & Social Financial Freedom.


- Dharmendra Satapathy


Mutual Fund Investments are subject to market risk. 


Consult Your Financial Advisor (Wealth Doctor) before Investing & Regularly for Portfolio Check-up...

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