How to Marry a Billionaire ?

January 27, 2011 4 Comments


wealthymatters.comMarrying money is an old and time – tested way of becoming wealthy and perhaps securing the future of one’s children.However it is a topic that arouses strong emotions in  a lot of people for a lot of reasons.Following is an article from the July 1, 2007 issue of Money Magazine.It is an excellent To-Do List if a person chooses to exercise this option of becoming wealthy.

Wealth is sexy but personally I doubt I would marry a man just for his money.It would be very important for me to have the respect of my spouse .By marrying money I might not be able to get that.Also somewhere in me is a need to accomplish something worthwhile all by myself . I’m not certain I could content myself just by marrying a wealthy spouse.

Do read the article and tell me do you know somebody who married up?How did they get together and how happy are they?What are your own opinions on marrying money?And why you feel the way you do?

At the end of the article,there is a link to a pop quiz :Are You The Right Match for A Billionaire?Take it and have fun.

 

How to marry a billionaire ?

Sure, the challenge is steep. But this field guide to the mating habits of the ultrarich shows just what it takes to land Mr. or Ms. Big.

Work hard, take risks, maybe build your own business. That’s the traditional route to financial success. Of course, there’s another highly traditional path to acquiring wealth that isn’t talked about quite as much these days: Marry money.

Real money. As in not a mere millionaire (a dime a dozen these days) but an honest-to-goodness billionaire – make that 10 figures after the dollar sign, please.

True, it’s not politically correct to go hunting for a marital meal ticket (or for that matter, to write about it). But just for a moment imagine the life that could be yours if you did.

Forget the fabulous baubles, designer clothing, cutting-edge electronics and palatial mansions that your golden goose – uh, spouse – might heap upon you. Read more of this post

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Distribution of Millionaires by Country

January 26, 2011 6 Comments


Number of millionaires by country

HNWIs (more than US$1 million, in 2009)
Rank Country Number
—   World 10,000,000
1  United States 2,886,200
2  Japan 1,650,000
3  Germany 861,500
4  China 477,400
5  UK 448,100
6  France 383,000
7  Canada 251,300
8  Switzerland 222,000
9  Italy 179,000
10  Australia 173,600
11  Brazil 146,700
12  Spain 143,000
13  India 139,835

This is some interesting data I came across today.I did some basic math with the figures.Apparently 0.167% of the world’s population are millionaires.About 0.013% of Indians are millionaires.1.4% of the world’s millionaires are in India. Do you know some or any of them?Who are they?What sort of people are they?How did they get to this position ? By any chance are you one of these people ? How did you make your first million?Or are you someone who would  like to be a millionaire? Here is a tool to help you on your way – https://wealthymatters.com/2011/01/26/want-to-be-a-millionaire-calculator/ .Or if 4.6 crores seems a long way off, here is a tool to help you get started – https://wealthymatters.com/2011/01/26/target-crorepati/

PS:Here are some updated figures,thanks to blog reader RC

Top 10 Countries (Net worth of US $1 million, as of May 2011)

Rank

Country

Number of (USD) millionaire households

Rank

World

37,978,000

1.

 United States

10,541,000

2.

 Japan

5,705,000

3.

 Germany

3,485,000

4.

 United Kingdom

2,904,000

5.

 France

2,653,000

6.

 Italy

2,476,000

7.

 Canada

1,745,000

8.

 China

1,312,000

9.

 Spain

1,022,000

10.

 Taiwan

719,000

 

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Am I Wealthy ? Calculator

January 17, 2011 18 Comments


wealthymattersIn the book ” The Millionaire Mind” the authors Thomas J. Stanley and William D. Danko explain the concept of Prodigous Accumulators of Wealth (PAWs) and Under-Accumulators of Wealth (UAWs). For their age and income levels,the PAWs are people who have accumulated an exceptionally good amount of wealth and the UAWs are those who fail to impress on the wealth front.This is because many people with huge incomes have equally large expenses because of their lifestyle choices.To check if you are a PAW or UAW use the calculator here Link  .

Congrats if you are a PAW!

And if you are wondering just how wealthy you are in global terms? Check here: Link

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Global Rich List Calculator

January 16, 2011 16 Comments


wealthymatters.comWealth is a somewhat relative term. And the people we compare ourselves with to decide how wealthy we are ,are often those who surround us. The world however is a much bigger place, and  knowing where we are placed in this world depending can really surprise us.

To find out where you stand worldwide on the basis of your income, use the nifty calculator here :  Link 

Of course income hardly equals wealth, there are expenses to be considered and then there is the question of what we do with our surplus income—blow it ,save it, invest it or acquire liabilities, which go to determine our wealth position. And then again, money buys different levels of access to the good things in life in different places. So enter the location of your primary residence and total up your assets in the currency you most prefer and you can work out just how wealthy you are.

Do reflect on the different figures that the income and wealth calculator throw up. They reflect your privilege that translate to head-starts and lifelong gains. Also your profligacy that reduces your advantages in life.

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