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5 Assets that Can Make You Rich | Financial Education | How to be Rich? - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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a few days ago we made a video for you in
which we told you about the four assets that
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will make you poor.
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So today we are going to learn the opposite,
we are going to learn about the 5 assets in
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which if you invest then you will be rich.
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If you haven't watched that video in which
we have told you about four assets that will
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make you poor so you can go to the I button
and watch it.
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And in today's video, there are five assets
which we are going to talk about and learn
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about them in detail.
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So, watch this video till the end, if you
are new to this channel then subscribe to
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it now and click on the bell icon so that
you will not miss the upcoming valuable videos.
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So now let's start straight away, see we are
talking about becoming rich and about assets.
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so first we will learn the basic definition
of assets, the definition of an asset is something
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that brings you money.
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I think that brings you money and which takes
away the money is called a liability.
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There are many things which we believe are
assets but it is a liabilities.
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If you have read the book Rich Dad Poor Dad,
here Robert T. Kiyosaki wrote this book and
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asked if your home is an asset or a liability.
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Many people will say it is an asset but according
to Robert T. Kiyosaki, it is not an asset.
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Understand the definition of an asset, according
to him the definition of an asset is something
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that brings you money but according to Robert
T. Kiyosaki, a home doesn't bring money until
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it has been let out.
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If you are living in that home You are painting
it, maintaining it and if it has a Garden
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so you are maintaining that garden too, if
you think there is seepage, there is a need
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for paint and something wear and tear happened
in the furniture, so you expend your money
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continuously and it does not bring you any
money.
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So according to Robert T Kiyosaki, it is not
an asset yes it can be a capital for you but
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now you understand my point we are talking
about the assets that bring money.
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People think that their car is their asset
but according to Robert T Kiyosaki, your car
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is your liability because again you do maintenance
and service of your car, if there is a scratch
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in your car you do repaint it, send it to
a repair shop and many things your car or
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your motorcycle is going on.
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So these all are not assets but liabilities.
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What is an asset?
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Assets are those which bring you money.
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so today we are going to learn about those
assets, if you pay attention to these 5 assets
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then they will keep bringing you money and
now see what are they.
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I will teach you everything with examples
and it may happen you will remember this in
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detail for a long term so it will be really
valuable.
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So number 1, we have talked about commodities
and here you have read commodities and I will
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tell you what commodities I am talking about.
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I am very specific here about two communities
that are gold and silver.
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Now I have written gold and silver here, I
will tell you the meaning of this and after
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that, you will see how much attention you
have to pay to them.
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See there is a difference between gold and
silver, this is money and there is a difference
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between money and currency.
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Recently when people understand Crypto so
they have heard about this definition many
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times that there is a difference between money
and currency but even then I will explain
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it to you because real money is gold and silver.
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Let me give you an example, I have many silver
coins at my home, that are not silver coins
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but Rupees 1 coin.
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At the time of the British Empire, that one
rupee coin was silver which was real silver.
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If I talk about the value of that coin would
it remain only rupees?
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At your home, you have one rupee but it will
not be sold for Rs 1 but a larger amount and
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if it is a British Empire coin then its value
increases because it is an antique also.
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So here understand one thing, it is made of
real silver so today its value will not be
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compared to Rs 1 but with the silver.
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So when we talk about most coins, whenever
the government issues the coin so its value
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is as it is.
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So if the government issues Rs 1 coin so its
value is almost Rupees 1 and if you get a
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note then it has no value.
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And if anyone has notes from the past then
it had much value but today also that rupees
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or rupya.
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Currency values depreciate with the period
and if currency value depreciates over the
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period so should you hold the currency?
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Watch this video till the end I will talk
about this also.
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If you are saying no, you don't have to hold
this then you are wrong I will talk about
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this also.
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And here I want to tell you that you have
to focus on money so I believe gold and silver
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are real money.
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Now let me give you a real-life example, I
had an employee who had a habit to save money
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like 2000, 3000, 5000 and told my father who
had a jewellery business" uncle Ji give me
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a bracelet" sometimes chain or ring from the
saved money.
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By saving his money he is investing in gold
only now you will say he would have invested
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in gold coins because if he has taken jewellery
then he has to pay making charges, everyone
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has their habits.
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See you can also say that I have a habit of
purchasing gold jewellery you can also disagree
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with this by saying you should take gold coins
because if you're purchasing jewellery you
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are paying making charges percentage labour
charges I know all of this but I believe that
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I have not claimed any appreciation for 1
year.
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Now you will say but that meant and it means
gold is appreciating every year.
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Alright, and if you see the history of gold
then you will know gold will give you some
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return every year and money which I have paid
for labour making I assumed that my gold value
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has not increased it will increase after that
but it can be used as a fashion accessory.
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So I was giving an example of my employee
who had purchased jewelry from my father,
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and he has a normal salary I will not say
he has a huge salary but he has a good habit
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of saving money and investing it in gold.
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So today if I talk about him he has collected
a lot of jewelry during many years if he
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goes to his circle of same People so you will
say "sir what is this is a habit of wearing
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gold or jewelry".
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But the thing is first of all that is the
real money he has.
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If you see the gold price has appreciated
from the Covid Times it has doubled from 2019
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to 2022 the gold price has almost doubled.
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So the investment he had, now many people
can suggest that he could do SIP and anything
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else but see everyone has its state of mind
if he has regularly invested in gold so in
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this also his money has increased and that
is something that had made him rich, a little bit rich.
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If he will do this continuously then it can
happen that he will collect the used amount
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of gold in his lifetime and if you do so then
that will be the real money.
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So gold and silver are one thing that keeps
their intrinsic value.
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So if you are investing your money in anything
you should see if that thing has intrinsic value.
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Now by the intrinsic value, you will think
about stocks we have talked about intrinsic
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value but before stocks, I want to tell you
about one more asset that is content.
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Now we are talking about content here I have
diversified, and now understand the content.
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Content can be a book, one has written about
his whole life in a book.
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Any person is making videos or podcasts, a
person wrote a book online and made an ebook,
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a person created content in the form of music
so people who make music or songs and record
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it that is also content, many people are making
documentaries is nowadays that is also content,
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people are making web series which is also
content and content in today's time is equal
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to Gold and can give you more money because
it is a real asset.
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Today I am recording this video I have always wanted
to give you my example, today this video is
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also an asset for me, the asset is something
that brings you money, you are watching my
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video and the ad will run some revenue will
be generated.
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So if I am getting some money and this too
from a thing so what will it be?
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It will be an asset for me.
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So can you pay attention to this asset creation
I will put some highlights to it?
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You see your art may be perfect you can sing
very well and you can make a cover song and
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if you can make it that is a piece of content.
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And if you have a great knowledge of history
and you have a knowledge of geopolitics you
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can create a documentary after making your
team what benefits will you get? see you have
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many free mediums, you have YouTube, you have
Facebook and you have free mediums for presenting
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your content to be shown the world.
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If you are writing an ebook then you can publish
it to Amazon Kindle also, you can present
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your art and knowledge to the world.
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And this has become easy to do and if you
will do at a good level so you know in today
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time if you are making a good web series then
there are many platforms, now you have seen
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Netflix Amazon Prime and like this many platforms
are there which are ott platforms that purchase
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web series, which also purchase documentaries.
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If you can pay attention to this field then
you can earn a lot of money.
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I will take a little more time on this topic
because I want to teach you something and
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I always want to talk in detail so that the
topic will be clear to you at that level from
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which you can gain real benefit and monetary
benefit will happen to you.
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See there are two methods if you want to pay
attention to content creation you have seen
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many people at the individual level, you have
seen Pushkar Raj Thakur at the individual
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level, you have seen technical Guruji, you
have seen carryminati, you have seen BB ki
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Vines, you have seen Amit Bhadana, so there
are many people who are content creators at
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the individual level and then there are businesses
also.
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Many businesses are running example series,
now you search on YouTube that T Series has
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many channels and in every channel, content
is created.
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Content which is created, the business is
running by T Series.
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Now, what can happen in this business form,
if at the India level, I talk simply you see
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the lallantop many people are working and
a business is running.
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Similarly, you see the bright side, the infographic
shows, 5-minute crafts, these examples which
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I am taking are the example of the business
that could be run not individual but with
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a team.
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One more example that I can give is alux.com
you see the face is not revealing many people
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are working, it is working like a company
but money can be earned by this also and if
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you are creating a content I have taught you
earlier that first, you create the content
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and then it creates the community and if the
community is created then many sources to
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earn money has been created.
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See we have told you till now you can invest
in commodities it can be a very good asset
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for you and second I told you that you can
invest in the content you can create content
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at the individual level or business level
and earn very good money.
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And for this, I told you that event is happening
so, this is happening in social media growth
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so by using social media you will learn how
can you grow as an online creator.
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So be super excited and now we will move further.
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Now the third asset is stock so now you know
that if you have invested in stocks of a good
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company over some time show the stock prices
will rise.
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And if the price Rises you know that stocks
will provide you earnings in two ways, one
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is the rising of price and second, you get
dividends.
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Now there is one more thing if anyone doesn't
know which stocks you have to invest in.
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So at the initial level what you can do is
you can invest in ETFs.
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What are ETFs?
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They are exchange trading funds, if you want
complete information about ETFs, one video
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has already been made by us, the link is in
the I button, and you can watch that video
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that how can you invest in ETFs.
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So if let's assume that you want to invest
in India's top 50 companies then you can invest
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in nifty 50's ETF i.e.
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Nifty BeES.
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So by this, your investment will decrease
as you purchase EPF directly and your investment
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will be diversified.
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And else you can invest in index funds.
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What index fund do?
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They just follow the simple index and if you
want to invest according to Sensex and Nifty
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and if you talk about India that top 50 company
on NSE so we called them Nifty that are listed
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on NSE and that top 30 company on BSE are
called as Sensex.
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So if you are investing according to Sensex
so simply you can do it through Intex funds
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now the money you are investing is in the
form of stocks and equity and this is considered
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a good investment.
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So this is the investment which makes you
rich.
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Moving further now let's talk about the 4th
asset and that is real estate.
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And now you will say "sir to invest in real
estate we would require a lot of money".
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But see when you make EMI for your car or
phone so if you are getting a good property,
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see I don't prefer apartments, I would
say you to purchase a house or land but if
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you purchase a house then now we talk about
a home loan.
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In India, the home loan is the cheapest and
if you are taking a home loan then according
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to Robert Kiyosaki home does not give you
any earnings so it is not an asset.
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But it becomes capital for you if you purchase
a home and you don't live in it and you rent
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it out, so you can earn money in two ways
I will tell you how.
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First, you can do EMI of your home you are
living in a home and you have saved some money
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and made a down payment.
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After the down payment, you have made EMI,
EMI is done and you get leverage or loan and
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let's assume you have a loan of 25000.
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alright the EMI is 25000 and you have to rent
out this house and the rent can be 15000 or
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20000, you will start getting this rent.
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Now if you know what the formula would be,
the formula is very clear the investment you
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are doing you must get at least a 3% annual
return and if the return is above 3% then
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I have told you that your house according
to the calculation would be free after 20
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years roughly.
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So here let's assume that you have paid 25000
EMI and getting 15000 rupees rent and paying
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10000 rupees from your pocket.
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So this 10000 rupees you think that the one
you are paying so consider this as the Systematic
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investment planning is done.
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So this is the real estate investment and
a house is being made and you are not living
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but has given it on rent and in some time
the EMI will remain the same that you know
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if you have taken a loan for 20 years or 25
years or 30 years and if you have made 25000
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EMI then it will remain 25000 only today we
have to pay 10000 because the rent is coming
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only 15000.
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But you know the agreement you have will be
renewed after every 11 months then the rent
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will increase slowly and it can happen that
after 5 years you will get 25000 or 25000
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+ rent and the EMI will remain 25000 only
so you have to pay zero from your pocket and
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after some time you will get money and your
property is also made.
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Focus on this.
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So now let's talk about the final asset here
it is written cash and now some will say why
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have you written this?
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We are all Finance influencers who will say
that you should not keep cash and you should
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do investment but I don't believe this I believe
that all the money and capital you have, you
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should have at least 10 to 20% in the form
of cash.
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Why does this cash kept everything will be
invested let me give an example to you many
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people face this, all the money he has invested
in the stock market let this be an example
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and after some time the stock market has corrected
and the price has fallen down and now you
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think that you have to put more money but
you have already done it and the one which
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you receive monthly then you also have lot
of expense and nothing left in your hand?
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so you don't have anything left for investment,
so it says" do not put all your eggs into
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one basket" don't invest all your money in
one place.
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If you place 80% of your money invested Then
I would pay 20% should remain in cash.
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Or the minimum 10% of your capital should
be kept as a reserve.
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Let me give you one example of this if you
are not believing in my words.
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You talk about reliance on Microsoft or apple
or Amazon take any of the companies and just
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see the balance sheet they always have cash
reserves.
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Now, why do they keep cash reserves can't
they invest or can鈥檛 buy real estate or
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can鈥檛 they buy stocks?
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If there is an opportunity in the market who
would catch that opportunity?
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Whoever is having cash in hand who does catch
the opportunity who has cash with them.
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So some cash or some liquid you must have.
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you don't need to keep cash at your home.
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You can also keep it in liquid funds.
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If you want, invest money in such FDs which
are sweeping FDs and will continue to get
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some interest.
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You can keep the money in the savings account,
it doesn't matter. Even today there are some
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accounts that are giving 5% or 6% interest
which is fine you can do some research. Where
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do you want to keep the money.
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When I am speaking 5% or 6%, I am speaking
annually some people think I am speaking monthly.
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What I am trying to make you understand is
that if you get an opportunity in real estate
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And you will have liquid or cash in your hand
but
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you already have purchased four or three-five
things and you don't have any cash with you
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then you cannot catch that opportunity.
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So cash is necessary to cash the opportunity
and if you want to take it on a leaverage
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or Take it in a down payment. Then also you need
cash and this is my opinion you should have
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cash reserves with you. Finally, I have a question
that I haven鈥檛 included one of the asset
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class here But many people found it a good
asset class That
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is crypto and NFT So what is your opinion
about crypto and NFT do you really find this
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I said asset
a good option If you find it then do give
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your opinion in comment Finally from all of
the asset which do you which Of these you
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like better. Do tell this in the comment with
reasons and people do read your comments and
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get inspired and we are building a community
of learners and leaders. So learners of today
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will become leaders of tomorrow this is what
I think should do share this video and so
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that this video this video can be reach out
to everyone and should not remain only to
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you and people should get valuable information
so share this video right finally do like
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this video if you are watching it on the Facebook
do follow and if you are watching it on the
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YouTube do subscribe and press the bell icon
I will see you in the next video tell then
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go self made
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