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Spend recklessly

Samvardhan welcomes you to a talk on “How people lose money and destroy opportunities of Creating Wealth” By Anand Mohan Agarwal EEE from BITS Pilani (1975-80). Spend recklessly.

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Spend recklessly

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  1. Samvardhanwelcomes you to a talk on“How people lose money and destroy opportunities of Creating Wealth”ByAnand Mohan AgarwalEEE from BITS Pilani (1975-80)

  2. Spend recklessly • Buy the latest gadgets – iPads, iPods, Bikes, Cars, etc without caring two hoots for what is lying in store for you. • Don’t waste time on doing any research or Need Analysis. Who has the time? Right?

  3. Don’t bother about saving • In the 1990’s, “Profit” was a dirty word among the entrepreneurs launching IT Firms. Their valuations would come down drastically if they even talked about profit. • Likewise, “Saving” is now considered taboo for those launching their career. You may be ostracized if you even talk about “Saving”. ENJOY …

  4. Idle Money? • Some people find it difficult to spend all the money on the day they get their Salary. • Spend it in advance by swiping your Credit Card for just about everything. • If at all you have some idle money after clearing your Credit Card dues, leave it in the Savings Bank Account • Or better still, withdraw it and keep it under the bed

  5. Gamble • Day trading is one of the best ways to lose your surplus cash. Buy high and sell low. • Or better still, go to a Casino and gamble. After all, money is coming in easily so you should allow it to go out easily too.

  6. Invest rashly • Buy an Endowment Insurance Policy. • It is very safe. • It will ensure that you will not get anything more than inflation. • You can also take pride in the fact that you “helped” a friend or a relative by doing this. • And “saved” some Tax

  7. Buy a Flat – earlier the better • Everyone knows you have no time; and some money • They will help you in “spending” that money in the least possible time. • Everybody will help you. • The agent will tell you “today is the last day” • The developer will tell you “this is the last available flat” • The Banker will assure you that you are getting the “best possible Deal” • The list is virtually endless. Carpenters, Vendors, etc …

  8. We forgot about conveyance • Buy a bike the day you get the appointment letter. Take a Bike Loan. • Buy the latest model every year. You may get less than half of what you spent on the old Bike; but it may suffice to make the down payment to seek the next Bike Loan. • Buy a car ASAP and keep on repeating the process …

  9. And your clothes … • A new pair of Jeans is “old fashioned”. It may take a few years before it gets “worn out”. • There are stores from where you can buy “worn out” Jeans at more than double the price. • Check it out

  10. Ultimate objective Security for self esteem Thrilling experience Maximize cost Minimize benefits

  11. Life is very short And there’s no time For fussing and fighting my friends … Just FREAK OUT

  12. Something wrong? Are you caught up in the vicious circles of scarcity in life? Are you experiencing shortage of time, money, love, friends and just about everything else in life?

  13. Escape from the vicious circles of scarcity and … Enter the ever growing virtuous spirals of abundance and growth Experience abundance of good health, wealth, peace and prosperity

  14. Let us work together and chase our dreams Contact: Anand Mohan Agarwal 040 6456 2364 or 0 924 650 9367 FitnessFundas@gmail.com

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