Stories of individuals rising from rags to riches through hard work and prudent planning never fail to inspire. Each tale, particularly when based on real-life events, offers valuable lessons. Bharat Jain, a 54-year-old beggar, is one such example. According to media reports, he has accumulated wealth worth Rs 7.5 crore. While accumulating such wealth remains a dream for many, Bharat’s story highlights the significant impact of financial planning and consistency in achieving a financially stable and quality life.
The Journey From Beggar To Millionaire:
As reported by The Economic Times, Bharat’s childhood was full of financial difficulties, so much so, that he could not continue his education. Eventually, he had to resort to begging, which he has been doing for the past 40 years in Mumbai. While it may seem difficult for a beggar to become a crorepati, Bharat’s journey showcases the incredible results of financial discipline and perseverance.
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Importance Of Financial Planning In Any Job Or Profession For A Stable Life:
Bharat owns properties that generate stable rental income, but he continues to beg despite his family not liking it. “I enjoy begging, and I don’t want to give it up,” media reports quote him as saying.
He earns Rs 2,000 to Rs 2,500 daily, amounting to Rs 60,000 to Rs 75,000 monthly.
However, the question is not about the earnings. There are many who earn this much yet their financial condition does not improve. It is about how he manages his earnings. Unlike many who struggle financially despite similar incomes, he saved and invested money in buying properties in Mumbai worth approximately Rs 1.4 crore. He owns two flats where he lives with his wife, children, father, and brother. He also owns two shops in Thane and earns rent (Rs 30,000 monthly) from these to run his expenses. His family runs a stationery shop, further adding to their total income.
He valued education and ensured his two sons received a convent school education. Notably, he also donates to charities and temples and takes begging as a choice now and not as a compulsion.
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Consistency Is Key:
While begging is not a profession and is prohibited in many states in India, it remains widespread across the country. However, the point here is not about begging or earning but about managing finances better and staying consistent with saving and investing.
His journey underscores the importance of financial awareness, spending within one’s means, working hard, and maintaining discipline in saving and investing, no matter how small the amount. These principles inevitably lead to financial stability and prosperity.
