Think Of Rewards Not Penalties
July 8, 2014 Leave a comment
The Gospel Of Wealth
July 8, 2014 Leave a comment
I quote from the Gospel of Wealth published twenty-five years ago. This then is held to be the duty of the man of wealth. First: to set an example of modest, unostentatious living, shunning display; to provide moderately for the legitimate wants of those dependent upon him, and after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is strictly bound as a matter of duty, to administer in the manner which in his judgment is best calculated to produce the most beneficial results for the community.
The man of wealth must become a trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer. Those who would administer wisely must indeed be wise. For one of the serious obstacles to the improvement of our race is indiscriminate charity. It were better for mankind that the millions of the rich were thrown into the sea than so spent as to encourage the slothful, the drunken, the unworthy.
In bestowing charity, the main consideration should be to help those who help themselves. It provides part of the m Read more of this post
Do You Still Wish You Went To America?
July 7, 2014 3 Comments
Going to America is a big deal for middle class India………But is it all that it’s touted to be?
Here’s a calculator to play with:Link
Just enter your own Indian Net Worth,multiplied by 18,to adjust for purchasing power parity,and see where you stand in the American scheme of things.
If you have already spent awhile in America and are debating whether to stay,just enter your net worth in the calculator and check if  your position is any better than in your country of origin.
And if your urge to go to America arises from what your relatives and friends say,just enter their net worth in the calculator and check how well they are really doing……..Be sure to accurately figure in their indebtedness. Don’t make the mistake of simply converting Dollar incomes to Rupees and imagine them to be rich or judge hastily by their clothes or spending habits etc. Read more of this post
How Well Off Would You Be In The UK?
July 7, 2014 2 Comments
After migrating to the US(Link),migrating to the UK is a common aspiration among people the world-over.If you ever wondered what your life would have been like wealth-wise if you had migrated to the UK,just see where your projected earnings would have placed you as per the graph to the left.
Alternatively,you could adjust your Indian Income by a factor of about 11 (for purchasing power parity)to estimate how your current earning power in India compares to general incomes in the UK.That way you know how your current earnings would place you in the UK.
And do remember that the UK is the Old World unlike the US.So there is a lot more inherited wealth you will have to contend with.So mere high earnings will not automatically guarantee you a similar place in the wealth pyramid.
And if you are planning to migrate to the UK,use the graph to get a reality check.Pay packages worth tens of lacs in Rupees,might not necessarily improve your position in relation to the general population.
wealthymatters 