Understanding First Money, Second Money, 2 Income Streams. Date: 15-4-2020
Вставка
- Опубліковано 12 жов 2024
- Understanding First Money, Second Money, 2 Income Streams, Difference between house for your wife and house for Investment/flipping.
No business in the world can be started without first money in pocket. First money is too important. Shall we buy a house for family with first money? Or build a business with first money? Buying a house is nothing but a liability. Even this house is worth 5 Crore, there is no advantage because you cannot sell, you cannot flip this house. Your family will never allow. So whenever you buy a house for family, this house is considered locked for lifetime. Your children will inherit it eventually. It's not yours anymore. So what could have been done with this first money? You could have opened a Mitthai ki dukan? At least you could have made some regular income coming every month?
If you have a regular income coming already then all you need is first money to create a flip-able asset to create wealth. But if you have no income at all then you always need 2 monies. First money and second money. From first money you create a business that runs your house. From 2nd money you create a flip-able asset.
In other words, this is too important to understand that you need 2 income streams, 2 businesses, 2 skills, 2 passports and 2 languages to do 10x better than average population in the country. Average population in the country simply spend 3 decade of their lives just to get 1 house and 1 car and that too will end up getting inherited by children later. So basically they don't generate income. This is what average people do. Smart people focus on creating wealth before building liabilities.
Sunny
Exactly what Robert Kiyosaki explains in his 'Rich dad poor dad'. Very well explained for desi people.
ExActly. I think he has already read this book ,afterall sunny bhai is a successful investor too
I also read that amazing book which change my mindset
I guess Im asking randomly but does anybody know of a method to get back into an instagram account?
I was dumb forgot the login password. I would appreciate any tips you can give me!
I started watching again videos of Sir sunny ali after 3 years, because 3 years ago i don't understand the talks of sunny ali
Amazing videos by sir sunny ali
Amazing
People's who don't have own property they have to face many problems, like as rental expenses, owner interfare and also moving from one to another house etc.
That Mithai ki dukan is too common 😂 i m enjoying this 😍
*Excellent analysis. Very well presented. Thank you Sunny Ali.*
MashaAllah
thank you so much sir, that is highly valuable information, you have no idea what this means to us
Har chez do honi chahye, except jo apko pata hai 😆😜bv
This broke my heart into Aladin pieces! 💔
I actually him to say k biviyaan bhi 2 honi chahiyen!!! 🤨
I partially agree with him. I am based in Australia and earning A$90K annually. I bought appartment for parents as they don't have any after distributing the share among kids(I am still paying debt but I am alright with it). Also, in any western country if you live on rent then essentially you're paying someone else mortgage and he is creating wealth just by initial investment and then someone is helping him to be rich and wealthy. What Sunny bhai has said is same as Richard Kiyoski has mentioned in his book 'Rich Dad Poor Dad' but I believe this narrative is not 100% true. One must have some property to avoid rental expense(and obviously it will appreciate over time)
Yes agree. Owning a house is important in western country.
Sir bht shukriya apka ,Allah apko iska ajar dy ,...plz or b aasi amazing videos business py or financial management py dalty rhen, they are Soo much helpful for us Jin logo ko koi guidance dene wala nhi !
Indeed🥰
I love this 💕💕💕💕💕❤️💕❤️❤️❤️❤️❤️❤️❤️
me too
I am fully agreed and much impressed by your conversation
Amazing session🤩
superb
Indeed❤
Great job
Great job ❤️
Sunny bhai, fallen in love with you. God Bless you. May Allah help us to get advantage of your knowledge and guidance.
Zabardast speaker
thanks, sunny brother
Eye opener analysis 👍👍👍
Thank you sir, that is highly great I formation
Yes ❤️❤️
Nice info sir
❤️❤️
Thanks
❤️
Very informative video
Yes ❤️❤️
Thank you for the advice.
❤️
You are great sir 👌👌
MashaAllah no doubt❣
ustad g,guru g, murshad ❤❤❤
Amazing❤
most informative video i've ever seen.....
❤️❤️
Ocean of knowledge...
❤️❤️
People think that their house is their biggest asset and also nobody teaches financial literacy in Pakistan I think it is really important to learn money management skills instead we're surrounded by liabilities
very nice
Amazing ❤️❤️
Great explanation. Wish I knew this in my 20s. :(
Same here😔
Very informative
Very very information. ❤️❤️
Great
Great ❤️❤️
Allah inko jazyae khair ata farmaye....
Ameen ❤️❤️
Zabardast. Sunny bhai.
Amazing ❤️
Sunny bhai ap ki bat theek he
Biwian bhi do honi chahie ager 1 available na ho to dosri kam aa jae😉
Han ager ap afford ker skty hun tab. Otherwise 1 he enough hay😊
What about two wife's as well
5:35 👌👌👌ya to 1 ya seedha 4❤️
🤣🤣🤣
❤
Session🤩
same as it is 2 wife bhe honi chieyn
Yahan ake b nhe hay😄
آپ کو مٹھائی بہت پسند ہے شاید
5:38 gotcha
Can you help me to start learning about Amazon selling? I don't have any investment, i just want to learn but don't know where to start.I am also part of the Facebook extreme commerce group. Please reply
Join our Facebook group Extreme Commerce By Sunny Ali.
www.sunnyali.com/group
And go through from these links and start learning:
Very Very Important Video: sunnyali.com/vviv
Beginner's guide: sunnyali.com/start/
EC Structured Videos: sunnyali.com/video/
Also watch this video www.sunnyali.com/investment
-musab
sunny bhai zinda bad.... 😘
MashAllah ❤️
haha "Except jo ap logo ko pta ha" 5:38
Biwi 😆🤣
I want to know the perspective of the people who disliked the video 🌚
2 wifes hony chahiyee :D
2 din ka bed rest kren
3 rakho bhai....
Sunny Bhai did not say it for political reasons but it is absolutely necessary to have at least 2 wives for who ever can afford to. Zindagi bhar blackmail nahin ho paao ge LOL
except 2 biwion ky , hahaha
Sunny bahe 🫡🫡🫡🫡🫡🫡♥️