Can You Watch Someones Fb My Story Again
Are you RICH or not? Do you have enough income or networth, so that others will consider you RICH in India? This is all this mail is nigh.
I was twenty-four hour period dreaming nearly get RICH few days back (I practice it every week) and visualising how much should I earn so that I tin phone call myself as RICH and how much net worth I should have, so that people would start considering me RICH? Is it 1 crore or x crore ? Is income of 5 lacs a year or 20 lacs will make me look RICH in others eyes?
So, I created a survey effectually this topic and 381 people took that survey. But before I share the survey results below, notation that the group which took this survey does not represent the common human on street. This survey is mostly taken past net-savvy high-income earners, which but represents the higher income grouping. These people are on web, piece of work in large companies and are considered to be doing very well in life past gild.
How much Income makes you RICH ?
One of the questions asked in the survey was – "In India, How much yearly income 1 should earn, and then that y'all will phone call him RICH ?" . Below are the results
As y'all can see above, only if you are earning more than twenty lacs a year, most of the people will consider you lot every bit RICH, otherwise you will be seen as middle class which is a very big range and not defined at all in our society. People earning 1 lac a year, v lac a year and 12 lac a yr – they all call themselves as "Middle class". Let me share some important stats with you on income.
As per a website world wide web.globalrichlist.com if you earn the income of 10 lacs a year, you would exist in top 0.22% of the population globally. Can yous believe that !
This means that if there are around thou people in the world, nigh 997 people earn less than you if you earn Rs ten lacs a year. Hence, you should be quite happy nigh this fact, just obviously we don't call up that fashion. Nosotros expect at people above us and keep cursing how bad nosotros are doing in life.
What networth makes you RICH in India in other's eyes?
The adjacent question I asked was – "In India, How much networth a person should take, so that y'all can call him RICH ?". Below were the results
If y'all look at the chart above, only 1 out of iv people volition call you lot RICH if yous have 2 crores of networth in today'due south value. 48% people who took the survey experience that anything in a higher place 2-10 crores is a practiced networth to be chosen RICH. Some fifty-fifty said l crores and 100 crores.
Forget crores! . What if you have a net worth of 100,000 Dollars or merely approx Rs 60 lacs in wealth ? How rich are you?
As per a research published in 2013 past Credit Suisse, if your cyberspace worth is above Rs 60 lacs, you are among the richest 8% in the world and richest 0.4% in Bharat. Think once again !
Out of every yard people in land, 995 people are below you in terms of net worth. I know some will say, that in that location is blackness money and many are there who do not disclose their income. Yes – that'south true, just we can't find out how many are at that place similar that. Even if you consider that, still y'all would be doing very very well. Below is the snapshot from the report.
Note that – nosotros are non talking near ASSETS here, but Networth, which is Assets – LIABILITIES. A lot of people hold real-estate whose value they consider, merely they forget to account for the domicile loan and other liabilities. And so a lot of people who experience they accept loftier cyberspace worth actually don't take it.
Along with most countries in the developing world, personal wealth in Republic of india is heavily skewed towards property and other real avails, which make up 86% of household assets. - Credit Suisse Report 2013
But feeling RICH is a state of mind
I know a lot of people will say that "feeling rich" is a state of mind and we should not but evaluate it with money. Concord to that. I am of the same opinion that it's not others who volition decide if you are RICH or not, merely only YOU.
But thats not this commodity is all about. We are purely look at how others perceive your RICHNESS by income and your wealth.
Most of the people are not happy with their current status
Allow me requite usa some interesting information. If yous have low income or networth and you are not happy virtually it. You should know that majority are like you simply, fifty-fifty though they are on high income.
I asked some other question in the survey – "Are you lot happy with your electric current Salary and Networth ?"
Guess what was the result?
On an average, nearly of the people are not happy if they are earning less than 10 lacs a year. I can empathise that 10 lacs a yr is non a very high income these days, especially in big cities. And if you lot consider the expenses, habitation loan EMI, pedagogy costs and lifestyle expenses, a lot of people are literally struggling to keep pace with rising expenses.
What looks a great salary to people in pocket-sized cities, is not that astonishing in large cities these days. Hither is the result of survey, showing you lot how many people are happy or unhappy about their current income and cyberspace worth.
If you see people in higher income subclass which is more 10 lacs a yr, nigh one-half of the people said that they are happy and some other half said they are non. But one thing is very visible that in the higher range of income, most people said they are happy (I am not sure if they are really happy or not, but they said they are) compared to the people in lower range of income. To some level, we all tin can relate to it.
You are doing well at absolute level
After I did this commodity, I got a feeling how much our lives have got messed up due to money. We are literally lost in this world with the sole objective of earning money. You should be more happy most what yous have accomplished and not be unhappy almost what yous accept not earned.
I am not saying that you should non be aspirational. Surely, you should have a higher target each year, but dont experience unhappy nigh what you accept created till appointment. Let'southward deadening down a fleck.
Wealth is important, very important, just besides cherish and exist proud of how you take done well till appointment compared to millions of others who are struggling in life due to money issues
You are way ahead of majority. Congratulations for that.
Let usa know what you lot recollect about this whole article. What are your thoughts on who is RICH? What's y'all definition of RICH in your own terms?
Source: https://www.jagoinvestor.com/2015/08/are-you-rich.html
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