Buy a Home - Without Doing the EMI Rat Race Boogie Woogie

Priyanka BhatiaPraveer Shukla

One Tree Spaces

Financial Freedom for Women!Wealth Creation Portfolio Design Investment Real Estate

Introduction……………………………………………………………………./3

Starting With Nothing………………………………………………………..../3 Learning by Doing – and from mistakes…………………………………../3 My Journey to Prosperity……………………………………………………../4 Now, Let’s Talk About Your Journey to Prosperity!................................/4 4 Results from the 5 Step Worksheet………………………………………./5 Simple Secret………………………………………………………………… /5 Why Resolutions Don’t’ Work………………………………………………../6 Diagram: The Rat Race EMI Boogie Woogie!....................................... /7 Problem: Working for EMIs………………………………………………… .../8 The Shift: Working Smart, Not Hard - from a redesigned portfolio……/8 Diagram: Boogie Woogie Banished! Life

Works!..................................../9 Start Your 10 Steps to Financial Freedom

Journey!.............................../10 How to Stop Doing the EMI Rat Race Boogie Woogie…………………/10 Step 1: Be clear that you want to buy a home…………………………./10 Step 2: Be clear about how much you want to spend…………………/11 Step 3: Your Pledge.. …………………………………………………………./11 Step 4: Get Expert Help………………………………………………………./11 Step 5: Goals and Actions Are the Key ………………………………….../12 Support Details…………………………………………………………………./14 After Word - Why Are We Focused on

Women?..................................../14 About

You!................................................................................................../15


Dedication………………………………………………………………………./17

IntroductionCongratulations! You're among the many who are looking for a way out of the monthly tension of hunting for money to pay for your EMI's. And, now, you've taken the first, crucial step towards solving that problem by reading this little eBook from One Tree Spaces.

My name is Priyanka Bhatia and I am a co founder of One Tree Spaces which operates out of New Delhi. We're focused on wealth

creation services for women professionals, entrepreneurs, housewives, single women, newly marrieds, about-to-be-marrieds - basically, any woman with dreams of financial freedom.

Starting With Nothing

Not too long ago, I was a well paid journalist with a national news agency. I had a dream of owning my own home, having more than enough to live on – but, every time I looked at my balance sheet, it looked like this!

Assets LiabilitiesZERO ClothesNo Savings Credit Card LoanNo Investments Shopping

EMIsMany, many other expense

What was I to do?

Learning By Doing – and From MistakesAt that time, I also wanted to start my own business. I tried my hand in equity funds – and lost my money! Looking for some way to build up my assets, I placed a large amount of money in a ‘sure fire’ investment – and, you guessed it. Big mistake.

At this point, I decided to get myself an education – a financial education. I talked with wealth managers, bank relationship managers, businessmen,

Priyanka BhatiaCo Founder, One Tree Spaces


insurance agents, financial planners, successful businessmen and women – anyone who had used their money wisely. I did a course from the Indian School of Business and met amazing mentors and successful start ups, too.

Very soon, I grasped the essentials of wealth and creating wealth. I’m a quick learner – and, began my journey into prosperity. In a shorter time than you can imagine, my balance sheet looked like this!

Assets Liabilities

Gold Credit Card LoanSilver Minor ExpensesGold FundsMutual FundsEquity

This was a lot more fun!

My Journey to ProsperityFrom zero – to assets that I didn’t know I could own! With this stability, I was finally able to make a start in entrepreneurship with my business partner, Praveer Shukla. We began by offering a specialized real estate service for women, but soon realized that many of the women who wanted to buy their own properties did not have a robust financial foundation. This meant that if they bought a property, they could not keep up with the EMIs!

Without proper grounding in wealth creation, these women were just like me, before I learned a simple secret, which I’ll share with you later in this Introduction.

Now, Let’s Talk About Your Journey to Prosperity!The financial education that I received from all the experts that I met is complex and takes a long time to learn, especially if you have not had exposure to best practices in wealth creation and management. I highly recommend that you start to educate yourself in this key area that provides so much stability and peace of mind. (If you want to start right away, jump to the section called ‘How to Stop Doing the EMI Rat Race Boogie Woogie’ on page 10! You can come back here later!)

But in the meantime, I have simplified the process so that you can follow easy-to-take steps on your way to financial freedom.


By following these steps with a little discipline, you will be firmly on the road to financial recovery and ultimately, freedom:

4 Results from the 5 Step Worksheet1. Clarity and control over your finances2. Making your dream reachable3. Clarity about goals, actions, consequences4. Peace of mind that you've started your journey to financial health

Simple SecretRemember, I mentioned a simple secret that I have learned from the experts?

Well here it is. Ready? The secret is:

Don’t work for money. Let money work for you.

All our programs are based on this simple, fundamental shift in thinking.

How do you do this? We’ll share many other insights with you – and if you act on these insights, you’ll be on your way to a better quality of life – and peace of mind. That’s what we prepare you for in our webinars, workshops, eBooks, and more:

10 Steps to Financial Freedom for Women – Rs. 5,625Copy-paste the following, for information: http://goo.gl/FUfFx

Financial Gupshup for Women – Rs.3,309Copy-paste the following link for more information : http://goo.gl/oYxZz

Buy a Home - Without the EMI Rat Race Boogie Woogie – FreeShare this document with friends and family!

For Corporate and Group rates – call Priyanka Bhatia: 09818540023

Although the 5 Step Worksheet in this document is given to you absolutely free, you'll find that it is a robust instrument that is based on extensive research, hundreds of hours of study with winners, and with our own experience with investments. This 5 Step Worksheet will not just help you handle your EMI problem, but it will also let you in on the secret of how some people manage to prosper, effortlessly!


Why Resolutions Don’t Work

Before we start, let’s take a look at one of the things that you need to watch out for.

Resolutions.

In our professional work, we’ve found that people make lots of resolutions and, then – nothing happens. There’s a simple reason for this as we’ve

learned. People are remarkably bad at remembering long lists of goals. High performance people make a list of two or three goals for the year. This is easier to track: simplicity and clarity go together.

If you are one of the thousands of people who are committed to buying a home this year, the following process is for you.

So, let’s look at what we call ‘The EMI Rat Race Boogie Woogie’!

The Boogie Woogie is a wild, jerky dance, somewhat like what many people experience at the end of the month: household salaries, payments to the vegetable seller, the local grocer, school fees, credit card bills, and, most of all, those dreaded EMI bills. Makes you all twitchy, doesn’t it?

When you buy a property, such as an apartment, you could end up doing a dance that is familiar to many thousands of people across the country – and, it goes like this:


The Rat Race EMI Boogie Woogie!


The Rat Race EMI Boogie Woogie Dance: - work hard, get salary, pay EMIs, work hard, get salary, pay EMIs ... for the next 20 years. That's the EMI Boogie Woogie. Pretty repetitive. And, it’s not a whole lot of fun. Sound familiar?

Example: Working for EMIsA friend, who works at an MNC, has an annual salary package of Rs. 8.5 lakhs, and has about Rs. 10 lakhs in hand. She could easily take a loan of Rs. 35 lakhs for her home and pay the EMIs.

She found an under-construction property and invested in it. And, almost overnight, she found herself doing the Rat Race EMI Boogie Woogie all year long. Now, she needs to keep working for money as she needs to pay the bank EMIs and all other expenses which keep increasing, year-on-year. And, since she didn’t account for inflation, life is tough. More, she doesn’t have the money or the time to enjoy the things that she once loved. The Rat Race EMI Boogie Woogie chart, above, says it all.

The Shift: Working Smart, Not Hard - from a redesigned portfolioAfter talking about the inflation risk and her EMI Boogie Woogie, when we worked on our friend’s portfolio, the first thing that we noticed was that she had no option but to work for her EMIs. That was because she had no idea how money could work for her!

This we made out when we asked her 7 Fundamental Questions about her finances. (For a look at our 7 Fundamental Questions, please copy and paste this link: http://goo.gl/ZSYH5

(You may answer these questions for yourself, or, call or email us if you want clarifications: Email: [email protected], Mobile: 09818540023 for support).

To get back to our client who was doing the Rat Race EMI Boogie Woogie - a small picture of her life cycle now:

http://goo.gl/ZSYH5


If you’re in a similar situation - doing the Rat Race EMI Boogie Woogie - you may want to get going on the steps given below.


Start Your Financial Freedom Journey!So – let’s get started on your life and your financial freedom, now!

How to Stop Doing the EMI Rat Race Boogie WoogieYou’re wondering how this transformation happened?

Well, here are the 5 Steps that you need to take to stop doing the Rat Race EMI Boogie Woogie! And in a short time, you will make money work for you, instead of you working for the bank’s EMIs.

Please note that the answers to the process in this document are entirely yours and we will never ask you to share them with us. If, however, you do have questions related to the 6 Step Process, feel free to call me at 09818540023 or email at [email protected]!

Step 1: Be clear that you want to buy a home.

Clarity precedes mastery, clarity is power

Remember – we said that resolutions do not work! How many New Year’s resolutions have you ever kept in your life? This step demands commitment and the discipline to keep on track with your dream!

1A. Be committed to buying a home by the time that you say that you will. For example, if you say that you want a home by November, 2014, then there are actions that you need to take regularly, with discipline, such as


cutting down expenses, raising savings, doing more meaningful and worthwhile investments, etc.

1B. Ask yourself:

‘What are the reasons that I give myself that could make me drop my dream of owning my own home?’

Example: ‘I will wait till I have more money/a promotion/other’Example: ‘It sounds like a lot of hard work!’Example: ‘I don’t understand all the terms used in property’Your reason:

Clarity on the things that stop you from committing yourself to a prosperous life. If you can stay committed to your goal in the face of all odds, the likelihood of your dream coming true is much higher.

Step 2: Be clear about how much you want to spend.Home – Where? For How Much?

1st Choice

2nd Choice

3rd Choice

Step 3: Pledge to create income-generating assets or appreciating assets which fund my dreamBonus: If you share this pledge with a friend, the odds get much better because whenever you feel that it is just too tough to achieve your dream, your friend will be there to support you.

Who are you calling? His/her contact number

By When

You can make us part of your support structure too. 09818540023 or [email protected]


I shared my pledge with everyone in my family and close friends. Being dependent was a definite ‘NO’. At the same time, I have no desire to work for money. In my own life, I made money work for me. And the money that I make is devoted to building a business that can stretch out to women like me, working women and entrepreneurs, to enable them in their dreams with sound financial planning.

Step 4: Get expert help If you’ve never created wealth for yourself before, it makes sense to listen to expert advice. To build a financial foundation that will, in time, provide you with the money that you need to pay for your EMIs, requires different skills than the ones that you probably possess, currently. This is a key element!

Your portfolio could have mutual funds, fixed deposits, debentures and a host of other financial instruments that go to work for you – but if you’ve never done this or have not had the time to learn how to do this, it can be an ad hoc exercise. Choose your expert from a number of wealth advisors, investment consultants, etc. But once you’ve selected an expert, stick with her for a while! There are no short term solutions in investments.

Who are you choosing as an Expert? Do you trust experts to act on your behalf or you want to handle everything yourself?

Example: One Tree Spaces – One-On-One CoachingExample: Customer Relationship Manager at bankExample: Financial Advisor

Note

At One Tree Spaces, we're not sales people. We have no tie-ups with banks or mutual funds, or any other financial or real estate organization. This means that we do not push financial or real estate products at you, mindlessly. Rather, we offer consultancy on the pathways that can put you on the road to creating wealth for yourself.

You may have had calls from your bank or other financial institutions offering attractive investments which are good value. At the same time, perhaps you should get a much broader view of the ways to create wealth with your own financial goals in mind, rather than someone else’s sales targets!


For beginners in investing, we build your confidence in yourself to invest, with simple processes, such as the 5 Steps outlined below. For those who are already in the investing game, we offer advanced workshops and webinars, and group or personal coaching sessions.

Step 5: Goals and Actions Are the Key If financial security and the freedom to create wealth are vital for you, then here’s a small step that you can take, now. This is an elementary template to get you started on planning out how to make money grow and work for you.

My Financial Vision Plan

Top 5 Reasons to Make Money Work for You

Top 5 Financial Goals

Make Specific, Measurable Actions

48 Hour PlanWhat Actions Will You Take in the Next 48 Hours?

Take SupportWhose Help Will You Enlist?

Start & Finish LineWhen Will You Start?When Will You Finish?

Example: Security; or Growth; or Income; Whatever

Increase Net Worth by 10% in 2013

Increase Fixed Deposits from 2% to 3% of Income

Change Contribution by Friday

Call my Expert (as mentioned in Step 4)

Start Tomorrow, Monday, Feb., 18, 2013; Finish Saturday, 23 Feb., 2014

1. 2. 3.4.5.

This looks simple, but it’s a powerful way to break through to a future that you can see, but may not have had access to. With practice, you can develop a full 3 years plan.

Good luck, and if you need help, I’ll be glad to take you further on this journey, personally!


One Tree Spaces Offers Webinars, Workshops and Personal Coaching on Financial FreedomYou can ask me about our workshops, webinars and personal consulting on Building Your Roadmap to Financial Freedom.

Drop me a line at [email protected], or call me at +91 9818540023 - we can go straight to work on it!

For updates on these webinars and workshops, please send an email to [email protected] the Subject Line, write ‘Subscribe’, and leave the mail blank.

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After Word

Why are we focused on women?Well, have you ever had the experience of telling an advisor or a broker your requirement - and not having them listen to you fully? Or, have them listen dismissively? Or, have them look over your shoulder to see where the male member of your family - the ‘real’ decision maker is? Or, have them answer with such jargon-loaded information that you may have actually dropped your idea, or settled for less?

While these conditions prevail in our country, it may be a better idea for women to take support from women who understand your dream and are committed to your life goals.


About You!

This is the first time in India’s entire history that there are as many of us women – out there in the workforce as professionals and entrepreneurs. It is a challenge to step into the world of work – but we’re doing very well as many studies show. Here’s a report from one study:

International Business Report (IBR), part of the business consultancy organization, Grant Thornton, reveals that the proportion of Indian women occupying senior positions in businesses has catapulted from 9% in 2011 to 14% in 2012. More importantly, the number of woman chief executives has jumped from 1% in 2011 to 10% in 2012, when globally the number rose from 8% to only 9%.

Interestingly, the report also shows that Indian women professionals are more inclined to take greater responsibility than men:

“Indian women managers show an increasing interest in newer assignments and added responsibility areas, the study has shown. Interestingly 76% women accepted more responsibility or a different role to move their careers forward, against 54% men.”

The study also found that 78% women proactively manage their career against 69% in China, 58% in UK and 59% in the US.


Yet, when it comes to managing family finances, or, our own dreams of financial independence, for some curious reason, this continues to be a novel idea – for men, as well as women!

DedicationThis eBook is dedicated to all of today’s women - pioneers of a New Indian Dream, one in which women take part in creating financial security and wealth for themselves.

Documents

Buy a Home - Without Doing the EMI Rat Race Boogie Woogie