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How Much You Need To Earn To Be Called Rich? Shocking Answer
So how do you define rich? How much money do you need to be making per annum in order to consider yourself having made it? Is your income and net worth enough to give you that status? I was recently left looking for answer to this question when someone asked me - are you rich? And I thought to myself, how do I even know if I am rich? Can I call myself rich if I am making INR 1 crore a year? Or maybe 10 crore a year?
The question here is not what you think, but what other people think of you. It is a matter of perception. How much do you need to be earning so that the society at large, or your friends and family will start calling you a rich man or a rich woman? Let us ask the society then, shall we?
According to one survey, 30% people think that you are a rich man if you are earning over 1 crore per year, 31% think it is 50 lakhs while 24% think it is only 20 lakhs. There are around 12% people who think that you need to earn over 10 lakhs only to be called rich and for the remaining 3%, the magic number is only 5 lakhs. If you do the math, you will find that 85% of the population will consider you rich if you are earning 20 lakhs per annum.
if you visit the website - http://www.globalrichlist.com/, you will find that you dont have to be a crorepati to reach even the top 1% of the population. There are two options - income and wealth. To keep things simple, I chose income and selected India as my country. I entered 800,000 as my annual income and found that I belong to the top 0.4% richest person in the world by income.
Can you imagine how many people are living in poverty? We only look at what we do not have and compare ourselves with those who are above us. This is what makes us unhappy and why we are never satisfied with what we have or own. It is time to compare ourselves with others and be happy with what we have. Live in the moment and stop complaining.