The core of The Million-Taka Mistake: what happens in each mistake and what to do. How to do it is taught hands-on in the classes.
Feeling safe and being safe are two different things.
The number in the bank stays the same, but prices rise. At 9% inflation, 50 lakh today buys about 32.5 lakh worth of goods in five years. The number did not fall, yet about 17.5 lakh of buying power is gone.
What to do: Give your saved money a deliberate job
How to do it: Class 02
When you need money decides where it should sit.
If household money, emergency money, long-term money (seed) and money owed to others share one pot, an emergency forces you to eat the seed. And land cannot be sold in a week, so emergency money never belongs in land.
What to do: Split money into four baskets
How to do it: Class 02
Everyone knows an asset’s price. Few know what it returns each year.
A shop in Katiadi bazar sold for 87 lakh taka with rent of 8,000 a month: only 92 taka per lakh per month as a rental. But the buyers will run their own gold shop there, so for them it is valuable. The same asset’s value depends on who buys it and for what.
What to do: Look at the real return, not the price
How to do it: Class 03
“Is property good or bad?” is the wrong question. Ask: which, for whom, and when.
The same land may fit an expat brother and not someone who needs the money within a year. Land needs years of waiting. Locking up money you may need within six months to two years is the real risk.
What to do: First answer: which, for whom, and when
How to do it: Class 04
On the day you hold the deed, there should be no doubt in your heart.
Every link in the ownership chain must match, from the first land record to today’s seller. Look at the papers yourself and have an experienced land lawyer check them too. The lawyer’s fee is the cheapest insurance.
What to do: Match the full chain of ownership
How to do it: Class 05
Missing papers do not always mean trouble. Nor has anyone promised they will arrive.
When a flat or plot project says “some papers are in process”, neither walk away nor trust blindly. Check land ownership and the agreement first, then visit the developer’s previous projects. Past projects are the most honest witness.
What to do: Land and contract first, then the developer’s past projects
How to do it: Class 05
The place nobody wants today may be the busiest tomorrow.
Seeing the future is the Level 4 eye, but imagination stands on evidence: approval papers and work started on the ground. Speculation stands only on hearsay. Mind the time too: a ready flat is quick; under-construction flats and land projects take roughly 2.5–3 years; big projects 5 to 10 years, sometimes more.
What to do: Imagine first, then verify with evidence
How to do it: Class 04–05
What makes us call someone rich is the fruit. What actually makes them rich stays hidden.
A rickshaw puller earning 2,000 taka a day came to own three rickshaws in three months. His income did not rise; his system changed: a clear goal, a deadline, and part of the income sown again.
What to do: Build a system where part of the income is re-sown
How to do it: Class 01–05
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