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5 Steps That Took Pratham Waghmare From $0 to Making $200,000 a year in India

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Pratham Waghmare is a 21-year-old entrepreneur from Pune, India. Leading the space of enormous knowledge and specific talent in this particular niche. He is perhaps the best representation to exemplify to the youth of this generation. We recently reached out to him for having a quick conversation to know how was he able to obtain such heights at this age, he was gracious enough to let us know some insights of his principles of achievement.

While having a talk with Pratham we came to know many things about him along with his ideology and notions in which he believes and tries to make every day the best as he could be. When we asked him about his business elevation in a short span then he said it’s just the matter of consistency and the notches that one needs to keep in mind like he did to elevate his company from 0 to $200,000 a year.

Step 1. Become fearless.

It’s most important for one to execute without having any kind of fear in his/her mind because that’s what matters the most. He says-

“Never ever have fear in your mind about leaving your education to pursue your ultimate goal. Vastly it works the way you want it to do. You do not have ample expenses, neither you’re espoused so this is the best time to take such risks and make it happen.”

Step 2. Use time efficiently

After getting this ear-pleasing answer we asked him about the next step that one should follow then he said that one should know how to use time efficiently. He says-

“Make sure to merely do things that are going to have an impact in your life. Put two-three hours of focused work everyday towards that specific thing which will make you successful. Rest of the day do whatever you want but that 2-3 hours of work will ultimately add up resulting in making your life better than it was before”.

Step 3. Do not listen to 99% of people‘s advice.

Thirdly, he told that it’s better to ignore advice of 99% of people and try to be the part of that one percent club he says that-

“Only heed and act upon the suggestion of people whom you admire a lot. Do not pay attention to advices from folks like your neighbors, family members, or friends because if they are not someone who you want to become like, you should not listen to their advice. Just listen and follow those people who have already done what you want to achieve “

Step 4. Think the impossible

“Always think what no one is thinking” will lead you to unleash the doors of opportunities. He says-

“The fact is 90% of the people will never reckon they’ll become very prosperous or have an extraordinary life. As a result, they don’t end up having that kind of life. One of the best books I would recommend on this subject would be Think and Grow Rich by Napoleon Hill which really played a huge role on my mindset when I started”

Step 5. Money is not Everything

Once you realize the fact that “Money is not Everything” your life becomes more complete and happy.

“Do not chase money, money once you have enough will no longer matter much in your life to you. Focus on creating experiences in your life rather than gaining materialistic things. Your first priority however should be chasing money, but if you cross the point that money no longer will have a drastic impact on you, just live life and help others. Don’t stress about growing your business, most wealthy people do not have hair on their heads for a reason”

Thus it was phenomenal to talk and have such an interactive session with Pratham who knows pretty well how to achieve the extraordinary with such steps that can lead you on the right path of achievements and make you a better version of yourself.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Cobalt Advisors Complaints Already Starting For Debt Consolidation Loans

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Cobalt Partners: Can You Trust Them?

Cobalt Advisors and Credit 9 have joined Saxton Associates and Hornet Partners in flooding the market with debt consolidation and personal loan offers in the mail. The problem is that the terms and conditions are at the very least confusing, and possibly even suspect. The interest rates are so low that you would have to have near-perfect credit to be approved for one of their offers. Best 2020 Reviews, the personal finance review site, has been following Carina Advisors (also known as Corey Advisors, Pennon Partners, Jayhawk Advisors, Clay Advisors, Colony Associates, and Pine Advisors, etc.).

Consolidation loan occurs when someone decides to pay off several smaller loans with a single larger loan. You are lumping together all your payments into a single large payment. One of the benefits of the larger loan is a lower interest rate than smaller loans.

Moreover, the term on the larger loan is often longer which can lower the amount the person has to pay every month.

Most creditors offer consolidation as an easy solution for debt problems. While a consolidation loan can make it easier to control your debt because you only have a single payment to remember, it doesn’t address the main reasons why you got into the debt in the first place.

That being said, a consolidation debt is an efficient way to help you make short work of your debt and significantly improve your financial life. There are many kinds of consolidation loans for creditors to choose from. Make sure you select the right type of consideration loan for your particular financial situation.

Loan Consolidation for Students

Student loan consolidation is popular among students but it is important to have a college degree to qualify. The debtor can take all of their loans from previous years and consolidate them into a single loan. This will lock the interest rate to prevent it from rising over a long period of time. Moreover, student consolidation loans will stretch out over a longer time frame which will reduce the monthly payments, but it won’t save you from having to pay the interest.

Since you won’t be taking out any more student loans, this type of consolidation loan is a great option. Most people can only consolidate their federal loans, but this will make managing the loan much easier since they have to worry about a single payment every month.

If you want to learn more about the student consolidation loan, get in touch with the US Department of Education’s Direct Loan Program. These entities will help you consolidate the loan and lock in a fixed interest rate. You may even seek a payment forgiveness program. The consolidation must be done through the Direct Loan Program to qualify for repayment benefits.

Unsecured Consolidation Loans

Unsecured consolidation loans are unsecured loans that are offered by banks and credit unions. They are also known as signature loans. The interest rates on unsecured loans are lower than the credit card’s. Most people take out the loan for a certain period of time.

Despite its advantages, unsecured consolidation loans can offer a low-interest rate, but it may not be that great for many debtors. Moreover, it still doesn’t address the main reason why most people got into this problem in the first place: a spending problem.

Without addressing this issue first, you may ‘relapse’ and rack up more credit card refinancing vs debt consolidation, not to mention the fact that you still owe payments on the consolidation loan. If you decide to go this route, you should stop the use of your credit cards entirely.

You may have received unsecured consolidation loan offers in the mail. But it is searching in more credible sources to see if you can qualify for a better loan. Apply at your credit union ort local bank in addition to the offers in your mail. It is worth reading online reviews of the loan and the creditor offering the consolidation loan.

Home Equity Loan (aka Second Mortgage)

This type of consolidation is a home equity loan or a second mortgage. This gives people the option of borrowing against their property (or their home) and utilize this money to pay off their debts on credit cards that may have been accrued.

Because the loan is secured against the equity in the home, this option provides you with the lowest interest rates but also increases your risk of losing your property if you fail to make the payments on time. At the end of the day, most people end up going back into debt out of force of habit in just a few years’ time. Make sure to be weigh the pros and cons of this option before choosing it. 

If you are thinking about home equity loans, make sure to stop using your credit cards completely before you accrue further debt on them. It is worth your time to thoroughly research all the different banks and companies that offer home equity loans. As a general rule of thumb, you may qualify for lower interest rates if you go through your credit union or local bank. 

Is Consolidation Loan Going to Help Me Recover From Debt

While consolidation loan seems like a good option if you think about it, it is important to weigh all your options before signing up for it. As mentioned earlier in the article, most people are spendthrifts and end up back with crippling debt after having just paid their previous loan off. Using a consolidation loan requires discipline and access to a steady source of income.

This is a serious problem that can get even worse for you if you keep resorting to debt consolidation. In most cases, the best solution is to set up a personalized debt payment plan. This will help you identify your spending patterns and the complete breakdown of cash flow. A bird’s eye view of your finances will help you turn your finances around and get the best possible results.

If as a last resort, you do decide to go down the consolidation loan route, make sure to do your research into all the creditors near you. Whenever possible, look for ways to minimize the interest on your loan and secure the longest pay off time.  Your goal should be to lower the interest rate to help you quickly pay off the loan without a hitch. 

Finally, there are many budgeting apps that let you take full control of your budget. They provide insights into your spending and let you keep your money situation under control.

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