January | 2011 | wealthymatters

Lord Kubera

January 28, 2011 64 Comments

Kubera, also known as Dhanapati, is the Hindu God of Wealth.He is believed to be the Treasurer of the Gods.He, along with all his Yaksha followers, guard all the treasures of the earth and also the riches buried and unclaimed inside the earth. As treasurer of the Gods and chief guardian of wealth, it is his responsibility to distribute wealth among people.It is believed that Kubera flies in his Pushpak to distribute wealth to his devotees assisted by the Kinnaras and Kinnoris(Centaurs).

Worship of Lord Kubera is believed to be the basis of gain of unlimited wealth and prosperity.For when Lord Kubera is pleased he blesses the person with material success and wealth. The chances of coming into wealth unexpectedly and suddenly increases.And no matter how much one spends, money keeps flowing in provided the wealth is used for constructive purposes and not for destructive or anti-social activities.So Lord Kubera is propitiated for quick financial gains,unexpected gains of money through lotteries etc and a prosperous business.

Lord Kubera is propitiated by chanting the Kubera Mantra and by worshipping the Kubera Yantra.The Kuber Yantra is a tool to attract the cosmic wealth energy and accumulate riches and increase cash flow .There is a picture if one on the right. The speciality of the yantra is that addition in any direction gives 72.The Yantra is believed to open up new avenues of income,lead to growth in business and abundance.Copies of the yantra can be either hand drawn on paper or made of metals like copper , silver ,and if you can afford it- gold sheets.They can be kept wherever wealth is stored or where financial dealings take place or they can be worn as amulets. Read more of this post

Filed under Tidbits, Tool Kit Tagged with 21 Mukhi Rudraksha, abundance, acquiring wealth, Dhanteras, God of Wealth, Hindu, Hinduism, immense wealth, Kuber, Kubera, Kubera Mantra, Kubera Yantra, Kuver, Kuvera, Lakshmi, wealth

How to Marry a Billionaire ?

January 27, 2011 4 Comments

Marrying money is an old and time – tested way of becoming wealthy and perhaps securing the future of one’s children.However it is a topic that arouses strong emotions in a lot of people for a lot of reasons.Following is an article from the July 1, 2007 issue of Money Magazine.It is an excellent To-Do List if a person chooses to exercise this option of becoming wealthy.

Wealth is sexy but personally I doubt I would marry a man just for his money.It would be very important for me to have the respect of my spouse .By marrying money I might not be able to get that.Also somewhere in me is a need to accomplish something worthwhile all by myself . I’m not certain I could content myself just by marrying a wealthy spouse.

Do read the article and tell me do you know somebody who married up?How did they get together and how happy are they?What are your own opinions on marrying money?And why you feel the way you do?

At the end of the article,there is a link to a pop quiz :Are You The Right Match for A Billionaire?Take it and have fun.

How to marry a billionaire ?

Sure, the challenge is steep. But this field guide to the mating habits of the ultrarich shows just what it takes to land Mr. or Ms. Big.

Work hard, take risks, maybe build your own business. That’s the traditional route to financial success. Of course, there’s another highly traditional path to acquiring wealth that isn’t talked about quite as much these days: Marry money.

Real money. As in not a mere millionaire (a dime a dozen these days) but an honest-to-goodness billionaire – make that 10 figures after the dollar sign, please.

True, it’s not politically correct to go hunting for a marital meal ticket (or for that matter, to write about it). But just for a moment imagine the life that could be yours if you did.

Forget the fabulous baubles, designer clothing, cutting-edge electronics and palatial mansions that your golden goose – uh, spouse – might heap upon you. Read more of this post

Filed under Tidbits, Tool Kit Tagged with Anna Torv, Anne Wojcicki Sergey Brin, Are You The Right Match For A Billionaire?, Becoming Wealthy, Bill Gates Melinda Gates, fortune hunter, Ginie Sayles, gold digger, gold digging, How to Marry A Billionaire ?, Kenneth Griffin Anne Dias, Marrying for Money, Marrying Money, Marrying up, Mating Habits of the Wealthy, Meg Whitman, Thomas Friedman Ann Bucksbaum, Wendy Deng

Are You Born To Be A Billionaire ? Self Assessment Tool

January 27, 2011 Leave a comment

If you weren’t born a billionaire and are not banking on marrying a billionaire or thinking of taking to crime or plunder in a big way, your best chance of becoming a billionaire is through business. So do you have it in you to become a self-made billionaire through business?

1. CAN YOU QUIT SWEATING THE SMALL STUFF?

Can you quit spending an inordinate amount of time on perfecting your product or service ? Can you instead focus on building your business and its systems ? Do you need to attend to every little thing that goes on in your business or can you delegate?If you can focus on the big picture,you are one step closer to building a big business.

2. ARE YOU A VISIONARY ? CAN YOU SEE THINGS BEFORE ANYONE ELSE DOES ?

Self-made billionaires like Dhirubhai Ambani and L.N.Mittal were or are not just great businessmen. They don’t just dominate industries–they transform them and spawn new ones. This requires great vision. Billionaire entrepreneurs do not just work within the confines of the current market, they anticipate things much further afield. They see things that no one else does.

3. DO YOU HAVE A FIRM BELIEF IN YOURSELF AND YOUR VISION ?

To crack the $1 billion barrier, you need total, unwavering belief in your vision–and an immutable will to pull it off.

4. CAN YOU HANDLE RISKS ?

Do you have the courage and confidence to check fear and doubt and stay the long course.Can you think clearly in the face of danger?Can you stay cool?Can you find ways of managing risk? Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with billionaire, billonaire entrapreneur, Dhirubhai Ambani, L.N.Mittal, RandomBlog2011, Self Assessment Tool, self-made billionaire

The Definition of Income and Wealth

January 26, 2011 8 Comments

Wealth consists of those items of economic value that an individual owns, while income is an inflow of items of economic value.

wealth = assets − liabilities

Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset.

A liability is an obligation arising from past transactions , the settlement of which may result in expenses or transfer of assets.

The relation between wealth, income, and expenses is:

change of wealth = income − expense

Filed under Tool Kit Tagged with Income and Wealth

Target Crorepati — Goal Setter

January 26, 2011 3 Comments

To be a dollar millionaire we need about 4.6 crores in assets, excluding the value of our primary residence.If the goal seems so far away why not aim for one crore first ? Here is a calculator to help set your goals. http://www.religaremf.com/crorepati.aspx .