Please enable JavaScript.
Coggle requires JavaScript to display documents.
_LEARN Business/Wealth (The 7R Theory of Creating Wealth
by Dhaval Bathia…
_LEARN Business/Wealth
How to Get Richy Rich Quickly
by Dr. R. Pillia
4. Social _Wealth cannot be created alone in Isolation _Comes from Society & HAS to go BACK to Society _Find solution to 1 social problem _Wealth has to have a social dimension
-
-
-
5. Financial Acumen
With the 1st 2 stages I go behind Money,
while the last 2 stages Money comes behind me.
-
-
-
-
The 7R Theory of Creating Wealth
by Dhaval Bathia
R7. RETURNS [Passive]
Invest in the Stock Market, other businesses, etc.
-
R4. RENT [Passive]
Rent products, goods, services, property
R2. REMUNERATION [Active = Time & Continued Efforts]
People generate remuneration by providing services.
R5. Royalty [Passive]
From designs, music, writings
R3. REPLICATION [Passive]
Set up systems like, books, audios, courses, websites, software, machines
R1. RATE [Active = Time & Continued Efforts]
All goods & services have a rate. These are sold to generate income.
-
-