Highlights -The 7R Theory of Creating Wealth! | Dhaval Bathia | TEDxSIUKirkee

  • In this video, he highlights the 7 R which leads to creating wealth. The link of video is in reference
  • The 7 R are as follows:
  • 1. Rate- Every goods has a rate and by selling it generates income.
  • 2. Remuneration- By providing services, people generate remuneration.
  • The above 2 were active income. That means, if we stop doing, it stops generating wealth.
  • The other 5 R are passive income, which means without active participation, we can generate wealth. Here are the other 5 R:
  • 4. Rent- By renting property, product, IPR or any other services or goods can create continuous passive income..
  • 5. Royalty- By writing books and publishing it through publisher, author can earn royalty income. They are other ways as well to generate this type of income.
  • 6.Rights- By selling rights on certain Intellectual Property, a person can generate royalty income.
  • 7. Returns- By investing in stock market, many people become financial independent based on the returns received on their investment.

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