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5 Key Money Principles that Ratan Tata can teach the Young?

Whenever you think of Ratan Tata, what comes to your mind? It could very well be a great industrialist and human being. He took India to the highest echelon in business in the global arena. Understand the five key money principles that Ratan Tata can teach the young

5 Key principles that Ratan Tata can teach the young?

In India, where corruption is a fact of life, he could surely be counted as the epitome of virtues, integrity and ethics. On several occasions, he has advised the students to treat money as a means to an end, and not the end itself.

Also, he always advises students to assess themselves and their decisions, and find out whether they have made the right choices. He emphasises on the fact that it was absolutely OK to make wrong decisions, but at the same time one should have the courage to face the consequences.

Overall it was not important whatever happened to you in your life, but what choices you made to set the course right, he reiterated. Hence, the students especially from India, treat him as a revered figure and look forward to his advice on career and money, apart from other things.

Here are the five key money principles that Ratan Tata can teach the young:


1. Ethics

It’s very important to chase money, but do things ethically. Making money is not all about ruthlessness. You are successful only to the extent your journey has been ethical.


2. You must always Give to Receive

Success or money is always a two-way thing. If you are studying and doing something good with your life, it’s your responsibility to do something for your own people, your country. You should not do anything at the cost of others.


3. Take Chances

You would grow money-wise and career-wise more, if you learn to step out of comfort zones. It’s important to stay in an idealized culture that values intelligent, calculated risks. You should be daring and different, be 1%. When you go to bed every night, you should know you have done something positive, brought about a change, in whichever small way.


4. Believe in your Decisions

You should have faith in your decisions. While there will be many naysayers, you should firmly stick to what you believe in. That will take you a long way.


5. Make Intelligent Investments in Friends

You should choose your friends wisely. You should invest in people, who will stand by you in the long run. Don’t go by outward show or glitter of a person’s life. It’s important to hang out with the right people.

Conclusion

Ratan Tata always says that every individual can make a difference to the world and build wealth too, if he’s on the right path. Emotions can help a person succeed, if he chooses positive over negative, every time. If you focus on trust, value and commitment, it will be easier to succeed in this world.