Interview With A Daily Wage Earner Turned Crorepati


You can read the original interview here.

Here is the blueprint the illiterate man used to accumulate his fortune:

1.Ten years ago he was a daily wage worker making 30-60 rupees a day and looking to improve his lot.

2.One day he took a break and thought over what he was going to do to improve his financial situation and live a better life.

3.He understood he had to find a way to increase his income,save more,create wealth and acquire income producing assets. Read more of this post

Tata Style Philanthropy

Here is something I found while surfing today.I found it here .The blogger believes the words originate from LN Mittal.In which case it would be high praise indeed for the Tatas from a competitor.Even if the note is authored by someone else it doesn’t detract from the fact that Tata Style Philanthropy is worthy of respect and well worth emulating.The picture above shows Jamshedpur.

“Most of us know Lakshmi Mittal to be the richest person in United Kingdom. We also know him as a Steel Industry Baron who took over Arcelor against all odds. However, more than money and business, he is a great human being and never fails to give credit where it is due, even if it means his own biggest rival.

Here is a note written by Lakshmi Mittal after his recent visit to TISCO: (It is long, but well worth the read)

‘I visited Jamshedpur over the weekend to see for myself an India that is fast disappearing despite all the wolf-cries of people like Narayanamurthy (mentor of Infosys) and his ilk. It is one thing to talk and quite another to do and I am delighted to tell you that Ratan Tata has kept alive the legacy of perhaps India’s finest industrialist J.N. Tata. Something that some people doubted when Ratan took over the House of the Tata’s but in hindsight, the best thing to have happened to the Tata’s is unquestionably Ratan.I was amazed to see the extent of corporate philanthropy and this is no exaggeration.For the breed that talks about corporate social responsibility and talks about the role of corporate India, a visit to Jamshedpur is a must. Go there and see the amount of money they pump into keeping the town going; see the smiling faces of workers in a region known for industrial unrest; see the standard of living in a city that is almost isolated from the mess in the rest of the country. Read more of this post

Target Crorepati — Goal Setter

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. .

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