How do you think about money!

Money is one of the most important requirements despite different schools of thoughts about it but the fact is no one can survive without money in this particular age. People think differently as per their requirements, lifestyle and upbringing about the amount they feel safe and secured with although, some people are never satisfied with it. For them there is never enough of it but they think in terms of ‘more the merrier’

He is still not rich

I know a person who is filthy rich but never considers himself as rich because his theory about ‘enough’ is different. Have a look- he says if he spends out of his investment for his personal use, he is poor and if he spends out of his income on his investment, he is doing okay. He further adds that if he is spending from his earnings’ interest he is still not rich enough but doing a little better but the day he would be spending from the interest of his earnings’ interest probably he would be happy. Mind you, he said probably, that means he is still not rich enough as per his standards.

You must set your own scale of richness

As I said, every one should know his requirements and capabilities of earning money therefore setting your own target is the only way you can do it the right way. Some people set their goals high but never try to achieve them that is the situation where the frustration comes into play.

As you must remember, the time not so long ago that we used to say that a particular person who owned a few hundred thousands of Rupees was considered a rich person but the situations have changed a bit now. A person with that much amount is no more considered a rich person any more but this amount is too small to buy you a place to live or a vehicle to travel. Most people with a house worth one million Rupees would be considered ‘low income group’ because a manageable place in cities does not cost less than 4-5 million to start with. A car price begins from 3lacs onward. Even a motor cycle costs sixty thousands or more. And no one talks in terms of a cycle any more.

The value of money has gone down too rapidly because the way of thinking has changed and we have adopted westernized way of thinking where spending is preferred to saving. No one seems to look for future and the market is encouraging people to spend as much as possible.

Some people do not care for money as they feel satisfied as long as they can meet two ends but they too are not thinking in right terms, they must have enough earning to look after their families well especially in case of an emergency like hospitalization. However, a goal must be there, a target set so that you do not feel disappointed when the real need comes knocking your doors. 

Conclusion

You shall have to be clear about your expenditure because trying to spend more, you only force yourself to earn more and there is no limit to that. You can assess your value by the cost of your house, number of cars, number of servants, bank balance or your investment portfolio. I know that is not wrong because that is need of the day but please do not forget your own self while calculating ways of your earnings and investing. You have to invest some time and earn some rest for your self as well. 

Article Posted By : suny  On February 19, 2013lView All Articles

Suny thinks you should have some time for yourself 

Article Source :

http://www.veethi.com/articles/how-much-money-do-we-need--article-1600.htm

Keywords :
Money , Need , Goals , target , Achieve , Interest , Yourself , Hospitals , Interest