It was a Tuesday afternoon when Mr Joe (name changed) walked into my office. He was an extremely confident individual and was bubbling with optimism. Mr Joe is 37 years old, is married and has one child (8 year old). He currently has no liabilities and his total net worth as of today is Rs. 2 crores (excluding his self occupied property). The present was not as much as a surprise as the past. Joe hailed from a middle class family with not much of surplus money. The very fact that he could just about make ends meet was by itself an achievement.
One fine day about 20 years back Joe lost his parents, he was 17 years old then and the financial situation worsened. There were times where even buying basic food provisions for home was a very difficult task. He started working , doing odd jobs like delivering milk packets, newspapers or even working as a waiter in a hotel while completing his studies. If this was a situation 20 years back and today Joe is in a better financial situation than many 37 year old with fancier degrees ,what is the reason. What are the things he did right which probably many of us are not doing ?. I probed him further to find out and the secrets started unraveling slowly.
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