Now it depends on the perspective of your definition of ‘Rich’. If fancy Mansions, Luxury Cars, Helicopters, Girls around you, is considered as Rich, then everyone coming into middle class in any of the Country on this Earth will fail to become Rich. So, basically it goes like this everyone who is salaried have a limited or fixed income sources, so out of it he/she has to plan properly their expenses and what else is left is saved. Due to income inequality majority if people live on a very low income group.
If I say that if you are able to live a decent and a healthy life with family then being a billionaire doesn’t matter, though I will say that one shouldn’t put dreams aside if he/she has capacity to do out of the box then success is definite. Now actually the Rich has many sources of income, the main is their Business, any of the MNC caters to vast majority of people, so they are able to create Wealth in enormous amount. And middle class people becomes a victim because they cannot beg or even become like Industrialist. Habits of middle class also makes them poor, buying fancy things won’t help much but only will make rich to the already established businesses.
Spending less on luxury or fancy clothes, accessories, entertainment.
Fancy weddings to show off, we get to learn from Ambani that he only spent 0.28% of his wealth on her daughter’s wedding.
Cars that depreciate up to 30% just after it leaves the showroom.
Every product once a luxury has become a household thing even if it has a requirement or not.
Today especially in India private Education institutes charge fees in lakhs for nursery, I only ask that does your child is going to get call from Ratan Tata that as your child is very brilliant and have studied in so and so school I want him/her to be our next CEO.
Those who have fixed income it only gets spend into day to day affairs of life, but if they save on unnecessary things, without which their daily life isn’t affected they can create a small portion of Wealth in their life.
