A personal development (self-improvement) resources blog.
By regularly reading this blog, you will be more confident, courageous and bold. These traits are necessary for enjoying FREEDOM of thought, feelings and actions.
आत्म विकास (आत्म सुधार ) के लिए इस ब्लॉग को पढ़ें। इस ब्लॉग को लगातार पड़ने से आप की सोच बदलेगी। जैसे ही सोच नकारात्मक से सकारत्मक हुई , आप के जीवन में दुःख और समस्याएं कम और सुख और खुशियां बढ़ती जाएँगी।
इस ब्लॉग को पड़ने से आप की English में भी सुधार आएगा
A few years back, a petty shop keeper came to a mentor and
expressed his inability to get his 3 daughters educated due to financial
Shop Keeper: Sir, I am unable to pay the fee and college
expenses of my eldest daughter who is studying in B.Sc. (Non-Medicatl)
Mentor:Get your daughter well educated and she
will support you financially.
Shop Keeper: But this is not possible sir because the cost
of education is very high.
Mentor:How much do you earn per month?
10000 to Rs. 15000 approximately and have to feed a family of 5 and pay the fee
and expenses of 3 daughters. Two are in school and the 3rd is in the
Mentor:Do you file income tax returns?
Shop Keeper:No sir.
filing income tax returns.
Shop Keeper: My income is below taxable limit sir.
Mentor:Even then file your returns.(Shop keeper looks suspicious.)
However he agreed to file the returns.
After 3 years, the shop keeper came to the mentor and broke
the news that her daughter has passed B.Sc. (Non-Medical) in first division. He
brought sweets too.
Shop Keeper: Sir, I wishshe should do P.G.
Shop Keeper:Any P.G.
Mentor: No any P.G.
Ask her to go for MBA.
Shop Keeper: But sir for MBA, I don’t have money.
Mentor: How much
can you spare for MBA?
Shop Keeper : (Thinking for a while)About 1 lac, sir.
Mentor:Right.Now tell, ask your daughter to clear MAT (Management Aptitude Test)
She passed the MAT with very high rank and many institutions
offered her admissions.
But the fee was a problem. Mentor
searched for a good college for her. Efforts of the mentor bought one good
college in South was having a fee below Rs. 3.00 lacs including hostel fee. The
MBS course was residential. The college readily offered the admission to the
brilliant student. Provisional letter of admission was sent through email on
receipt of 5% of the amount.
Showing the receipt and admission letter to the bank,
educational loan of Rs. 4.00 lacs was offered to the student.
After 2 years, she was MBA and was selected by a bank
through campus interview. She joined the bank and is now working in the bank.
opening and promotion limited.
After MBA – job through campus interview.
Father’s investment: Just Rs. 20000/-
Education Loan :Rs. 4,00,000/-( No guarantoror security required Only Income Tax returns
Rate of interest:10% approximately.
Repayment period :7 years
Repayment starts:6 months if the loanee is employed otherwise from the date of passing
the final exam.
The daughter earns Rs. 20000/- (estimate) and pays back Rs. 5000/- per month
Balance Rs. 15000/- is retained by the family. Full support
to father. Father is now having a Departmental Support.
After 7 years entire educational loan is repaid and full
salary for the next 25 years is the students earning that comes to about Rs. 80
to 90 lacs during working period directly plus indirect income i.e. earning
from the investment and re-investment.
Got loan of Rs. 4.00 lacs and earned Rs. 80.00 to Rs. 90.00
plus the best social prestige of carrying degree of MBA. Can any other
investment pay this much?