What is rich? How Much Money Do I Need to Get Rich?

It Is A Relative Concept Rather Than Being A Rich Definite Concept. The Relationship Between Wealth and Happiness. How Do We Determine If Someone Is Rich?

What is rich? How Much Money Do I Need to Get Rich?

Have you ever thought about how much money you should have on average to be considered rich?

According to a study of US citizens, most people said that in order to be considered rich, it was necessary to have between $ 2 million and $ 12 million.

According to this assumption, the person that we can call "rich" should have a passive income of 300,000 dollars per year. It needs to be able to afford the following things with almost no work:

-Pay all taxes
-Average $ 3,800 per month for household expenses
-A minimum of 12,000 dollars per month to be spent on buying a car, going on vacation, shopping, donating to charities, education, family and entertainment

Whether you agree with the facts revealed by this research or not, the subject is a very interesting subject. Learning about the characteristics of rich people, how and where they make money, how they invest, real estate business, etc. will help you get rich.

How Do We Determine If Someone Is Rich?

Contrary to the concept of "wealth", we can classify the concept of "rich" in three different ways depending on different conditions, since we talk more about the concept of "income":

1. Rich: When we look at it globally, in order to be considered rich, a person must earn 80,000 dollars annually as a lower limit. When you look at a family with an annual income of $ 80,000 in the USA, this family has a higher standard of living than most of the people living on Earth both in the past and today. On a country basis, families with this income have a higher average purchasing power than typical families, and these families have had the luxury of having the power to open doors that most people cannot afford.

2. Average Wealth: If it is necessary to set certain lower limits for wealth, we can put people whose average income is between 5% and 10% higher than the majority of people into the "average rich" category.

3. True Wealth: One can only be placed in the "rich" category by looking at the relationship between personal desires, time control, and measures taken against financial collapse. In this context, the person:

-When they can live their desired lifestyle only through passive income or have a career that someone else does not work under,

-When he has the luxury of spending his time as he wants, whenever he wants to do whatever he wants, he can be considered truly “rich”. Therefore, a person with an income of 2,000,000 dolar per year is considered rich, while a person who earns 50,000 dolar can be considered rich.

As a new entrepreneur, your goal should not be to have enough income to cover the costs of the things you want to have in your life. Rather, your goal should be to know what you want, to determine how much money you need per month to get what you want, and to work hard to earn the money you need to get what you want. Remember that money is a tool that allows you to get what you want. The more unreasonable it is to spend your life and savings to obtain things that will not make you happy when you have it, the more logical it is to live your life to the fullest in order to achieve happiness. As with many issues in life, the secret is to know yourself. If you have the chance to be born as the child of a family with average living standards, there is no obstacle for you to shape your life the way you want. A day will come and we will run out of time on this world. For this reason, you still have time to live each day to the fullest.

Fill your life with debts instead of debts. For this, look for ways to make money by doing what you love to do. For some of you, the lifestyle you want to live might be living in your caravan in a seaside town, fishing, reading a book, taking a stroll in nature with your dog and learning to play an instrument. For some, this lifestyle might be driving expensive cars, wearing famous, custom-made shoes and clothes, having the most glamorous diamonds, living in an ultra-luxurious house. So, there is no right or wrong answer for a "good" lifestyle, because option A is never better than option B. Lifestyle and what you want from life depends entirely on your personal tastes, just as some people like white meat more, while others like red meat more.

Wealth Is A Relative Rather Than A Definitive Concept

The hardest part, the idea of ​​determining exactly how much money you need to get rich, is the idea that comes from the standard of living that capitalism has offered people in the last century, in short, the increase in purchasing power.

Looking at the history of the world, most citizens have the highest standard of living in the history of the country, contrary to the perception that the media is trying to instill in us. It is interesting today that almost most of the families live the same standard of living as the richest people in the world in the 1800s. Technological developments and the increase in the rate of production, for example the introduction of the simplest modern washing machine into our lives, saved more than 40 hours a week, unlike the citizens' ancestors who lived in 1880. But unfortunately, according to research, we waste only 40 hours of extra time per week that the washing machine saves us by watching television.

Many families nowadays have two cars instead of one. Compared to the past, we now have technologies such as a typical home central heating system and air conditioning. We can easily access hot and cold water. We have a high speed internet connection. We have televisions with a great sound system and excellent image and color quality that allow us to access hundreds or even thousands of different content with one click. From the point of view of the state, low living standards for a family with two children means that they cannot benefit from the things we mentioned above.

In other words, we can say that it is due to the fact that people who complain about the current standard of living of the middle class refuse to see the real economic situation. Yes, the world economy should be better. Yes, health and education costs are increasing beyond what people can afford. But all this does not change the fact that we are living in the best time in the world, especially if you look at the past few centuries.

The Relationship Between Wealth and Happiness

According to the researches, although the money earned provides happiness up to a point, it does not bring extra happiness after a certain point. People can be quite satisfied with the course of their lives if their minimum needs are met. So it is possible that the person who earns $ 100,000 in 1 year will be happier than the person who earns $ 10,000,000 in 1 year.

People financially; They feel satisfied when they are a little richer than their friends, family members, in short, than the people around them. For this reason, it is not a coincidence that the majority of people who say they feel happy earn 50% more than those with middle income.

Because in this case, the factor of jealousy or envy comes into play. Money determines how valuable people are, how smart they are and how respectable they are.