Скачать или смотреть How do you define

Follow us on Instagram :   / theprofessionaltalk  
Follow us on Facebook :   / the-professional-talk-111327740614991  
Follow us on Linkedin :   / admin  



Here’s a little structure to think about the essentials of wealth.

What do we need money for?


• Basic needs: First and foremost, all of us need money to cover the very basics. The holy trinity of roti-kapda-makaan or food, clothing and shelter constitutes the foundation of our everyday existence. The world runs on generating an income for these simplest of human necessities. The trinity are the non-negotiable part of your wealth.


• Higher needs: Now come aspirational needs, the ‘nice-to-haves’. A second home, jewellery, investments. I like to place raising raising enough capital for one’s (maybe yet unborn) children’s education and marriage in this category as well.

• Financial independence: I take this one seriously. Each person is responsible for their own success and comfort. While liberalisation has opened the doors for unmitigated success, it has also taken away the hopes of unlimited government hand-outs or subsidies.


• Retirement: This one is important. In India, the concept of planning one’s retirement is only now taking root. If you’re lucky, you could end up with a job that pays you a decent enough pension. But most people in the private sector do not have this luxury. Traditionally, people’s children have been their retirement fund. But I don’t believe in doing that. I want to be self-sufficient and comfortable after I retire, without having to worry about money and without needing assistance from my kids. How am I preparing to do that? By planning for it. We’ll soon get into the details of how to set and plan one’s financial goals, but let’s not get ahead of ourselves.

Now that we have gone through the various reasons and requirements for wealth, ask yourself this question: ‘Am I wealthy?’

Reference : 13 steps to bloody good wealth

#theprofessionaltalk #motivation #moneytips #wealth #shubhammaloo