The Richest Engineer

by Abhishek Kumar

When you are complaining, you focus on what’s wrong with your life. Whatever you focus on expands,

Rich people expect themselves to succeed. They have confidence in their abilities and strengths, they have confidence in their creativity and they believe that if anything goes wrong then they can find another way to succeed. Poor people on the other hand, expect to fail. They lack confidence in themselves and their abilities.

‘If your outgo exceeds your income, your upkeep will become your downfall.’

‘To become wealthy you need to create assets and minimise liabilities.

it is not about the amount of money that goes into various baskets that we are discussing. It is about putting it consciously or unconsciously.’

the single biggest difference between financial success and financial failure is how well you manage your money.

your expense will always rise to match your disposable income.’

‘A budget is people telling their money where to go instead of wondering where it went.’

‘You should purchase an asset at its value or lower than its value because money is made at the time of purchase of the asset.

You do not need to be an entrepreneur to mind your business. Keep your daytime job, but start saving and buying Good Assets and not liabilities. Keep expenses low, reduce liabilities and diligently build a base of solid assets.

‘Keep on acquiring good assets, focus on your net worth and start minding your own business, then you will never have any money problems.’

categorise income into four different types. 1. Active Income 2. Guaranteed Income 3. Passive Income 4. Portfolio Income

‘The more jealousy and resentment you have toward the things you desire, the less likely it is that you will have those things.