Mr.Samir Roy, a youth in his twenties came to Kolkata with his wife Renu and two little kids in 1950s from a small town in Bengal. He lost his fortune in gambling and left nothing in his native place. He was in economic crisis and financial problem at that time. He was in search of some white collar job to feed himself and his family.

However, he did not get any white collar job and started looking for job, anything it might be.

He became a rich dad

He did not get any job but not dismayed. He remained hopeful during tough time and started selling clothes and garments.

He worked hard as a salesman. He traveled the city with materials carrying in a bi-cycle.He left his bad habit of gambling completely knowing its hazardous affects on economic health. Gradually he was able to save some money and started manufacturing garments in  very small scale.

His wife was with him all the way working hard assisting him and also taking responsibilities of the family. One of the relatives of Samir had a garment shop in Kolkata. He was influenced with his hard working nature and skills he adapted in garment manufacturing. The relative offered him to join his business as working partner that he accepted.

The joint venture flourished. Samir, in course of time became a complete partner in the business. By the time he has blessed with five more children.

By the 1970s, Samir accumulated money enough to start a new business of his own. He started his own showroom of suiting and shirting in Burrabazar, commercial district of Kolkata. His two sons, grown enough, were started sitting there and samir himself was at his old business. He started working harder with his joint venture, as well as guiding his sons.

More money accumulated as samir and his wife had no bad havit of spending money useless. Now there was the time to sky rocketting their business as two more sons groomed adult. He baught two more shops in the wholesale market and a residential building, yes, a whole building. Now he has some real estate of his own.

He had built personal credit and business credit.  He invested money smartly and earned fortune in shares and mutual funds too.

Unfortunately, he breathed his last as early as in his fifties leaving his widowed wife and seven children, four sons and three daughters. It was 1980s. He left huge wealth and running businesses. He was a rich dad, of course.

The story turned then. His sons became extravagant in his absence. They started spending money like anything.They involved in gambling, drinking and such other activities. They became surrounded by opportunity seekers. Foes in disguise of friends. The poor sons!

Soon they started loosing control over their business. In fact they were reluctant to do so. There were huge wealth, money and goodwill, but the poor sons misused those.. As expenditures jumped over income they started borrowing from the market on interest that was easily available for them at that time. Interest rates on loans were low enough because of the personal and business credit of their father. Gradually they started taking more and more credits and spending them ruthlessly.

Then they were in the trap. Though business generating good income it was not enough for their extravagant expenditures and interest on borrowed money. One of the brothers married to the most beautiful woman and engaged in spending more money with his wife. As their children grown-up, they also adopted the same bad habits.

Short fall of money started and Interest rates started growing. Business income  could not match with growing expenditures and interest payments. I knew them since last 15-20 years. As a well wisher I tried to stop them from taking loans and extravagant expenditures several times but none of them listened.They were stubborn and arrogant, turning back to the well wishers. They had only one thing in their mind " eat, drink and be Merry".

The building, stocks and the shops mortgaged and finally sold. They have left nothing. Loans are not yet paid. Every body is blaming each other. The joint family is broken. Relatives and friends who helped them before, has pulled their hands. The happy and wealthy family of Samir is........

This story gives us a lesson. However income you have, your expenses must be less than that. Samir had a little income at his early stage but he controlled his expenses and worked hard. His wife supported him. They saved and invested. They made their own business by investing saved amount. They had their business system. They grown, accumulated wealth and left millions for their children. The children did just opposite and are now bound to live with their misfortune.

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N.B.( Names are changed to maintain privacy of the family, though the story is real. I wish poor sons will take a lesson).