August 15, 2013 2 Comments
For Whom Wealth Matters
May 27, 2012 1 Comment
Many Indians who haven’t been abroad,tend to multiply foreign salaries by the exchange rate, compare them with Indian ones and get suckered into various job offers.However,what is rich and what is wealthy is really relative.It depends on where in the world a person comes from and exactly how well off or not so well off the person might be in his/her own society.
Here are some figures of what Americans in general consider Rich and Wealthy in America.They are sourced from the results of the Gallup Poll reported here: http://www.gallup.com/poll/151427/Americans-Set-Rich-Threshold-150-000-Annual-Income.aspx
The table below shows what percentage of Americans consider how much a year as being rich : Read more of this post
May 25, 2012 1 Comment
The Bloomberg Billionaires List consists of a daily ranking of billionaires by net worth.You can access it here http://topics.bloomberg.com/bloomberg-billionaires-index/
What I find interesting about the list is the daily fluctuations in these net worth figures.Obviously,these figures are for staggering amounts of money simply because these people are so wealthy.But as a percentage of their net-worth it’s not all that large.This is in huge contrast to the “financial advisers” who so glibly talk about “true investors” being comfortable with upto a 50% drop in portfolio values.It’s obviously easier to play round with and/or lose someone else’s money. Read more of this post
April 19, 2012 Leave a comment
There are many levels of riches and wealth.Wealth is good and wealthier is better but wealth without happiness and contentment is nothing great.If ever you feel less than fortunate materially,here is a list you can read to feel better immediately.
Got $2200? In this world, you’re wealthy. Assets (not cash) of $2200 per adult place a person in the top 50% of the world’s wealthiest.
If you made $1500 last year, you’re in the top 20% of the world’s income earners.
If you have sufficient food, decent clothes, live in a house or apartment, and have a reasonably reliable means of transportation, you are among the top 15% of the world ’s wealthy.
Have $61,000 in assets? You’re among the richest 10% of the adults in the world.
If you earn $25,000 or more annually, you are in the top 10% of the world’s income-earners. Read more of this post
January 18, 2012 Leave a comment
The Institute of Economic Affairs,UK, has brought out an interesting report recentlycalled ‘……and the Pursuit of Happiness’.You can download your copy from here: http://www.iea.org.uk/publications/research/and-the-pursuit-of-happiness
Following are the excerpts I found particularly interesting:-
‘Contrary to popular perception, new statistical work suggests that happiness is related to income. This relationship holds between countries, within countries and over time. The relationship is robust and also holds at higher levels of income as well as at lower levels of income. This calls into question the assertion that people are on a ‘hedonic treadmill’ that prevents them becoming happier as their income rises beyond a certain level of income.’ Read more of this post
July 22, 2011 1 Comment
If being wealthy is important and you are on the look out for reading material to help you make money, sooner rather than later you are bound to come across books of the Rich Dad Poor Dad series authored/co-authored by Robert Kiyosaki and his associates.
Robert Kiyosaki,his books and educational materials are pretty controversial.He has his fans and his trenchant critics.
July 18, 2011 Leave a comment
So being wealthy is really important to you?So what does wealthy mean to you?Have you a figure in mind?
Wealthy means different things to different people.Just as there are those who love the society dos,there are others who love their getaways in pristine natural surroundings.Some love to be in distinguished company and others prefer to stay at home with a book or spend time with family. Some love art,others horses, cars, boats, clothes and whatever else you name it.Are you living the life of your choice are are you drifting along as best as you can? Read more of this post
February 26, 2011 8 Comments
Following are some of Gandhiji’s favourite quotes from the Gita:
Na twaham kamep rajyam na swarnam na puparbhavam
Kamaye dukh taptanam praninamarti nashwam
Neither I desire a Kingdom nor do I crave for heaven or salvation, I simply desire the end of miseries of all creatures who are afflicted with grief.
Javata Priyate Dehuh Tavatsatva Hidehinam
Adhikam yo bhibhanayat sa stano Dand marhati
As much as is necessary for one’s own living only that much is one entitled to have. One who has excess of this is a thief and deserves punishment.
Ishtan bhogan hi wo deva dasyante yagna bhavitah
Tairdattan pradaryabhyo yo bhangyakte sten aiv sah
Fostered by sacrifice (hard work) you will get all enjoyments. He who enjoys it without sacrifice and giving in return is undoubtedly a thief.
These words from the Gita shaped Gandhiji’s thoughts on his concept of trusteeship of wealth.Following is an explanation of the concept in his own words:
‘Suppose I have earned a fair amount of wealth either by way of legacy or by means of trade and industry. I must know that all that belongs to me is the right to an honorable livelihood no better than what is enjoyed by million of others, the rest of my wealth belongs to the community and is to be used for the welfare of the community.’ Read more of this post