How Many Indians Earn more than Rs.5 Lakhs per Annum?
Well, not many. There is a wide disparity among the income of Indians. In fact, there are many Income groups in India. But very few people in India earn more than 5 lakhs per Annum. And those who earn more than 5 lakhs per annum make much much more than this.
Here are those people who earn more than 5 lakhs per annum
- Investors
- Business Owners
- High Skilled Professionals (Doctors, Lawyers, Chartered Accountants…etc…)
- IT Professionals & Software Engineers.
All of the above group people are making more than 5 lakhs per annum. But wait, earning more than 5 lakhs per annum doesn’t mean that these people are rich. Only few people are rich and wealthy out of those who earn this much money every year.
These people are mainly Investors & Business Owners. Unfortunately most of the high skilled professionals are not rich and wealthy even though they look and behave like rich.
Do You Know Why?…. Well, because they have adopted the high consumption and status life style. They earn more to spend more. They spend more than they earn by using credit cards and borrowing money.
They think that, you can look cool and rich by spending more. But the reality is that, you can not be rich and wealthy by spending more but you can only become rich by accumulating more. The Wealth has to be accumulated. You can not be rich by spending more.
Typical wealthy people live well below their means, they save more and accumulate assets out of their money. They don’t believe in high status material possession such as Cars, Mobiles, Expensive clothes and watches.
So if you want to become a true rich and wealthy than spend more behind accumulating some real Assets such as Stocks, Bonds, Gold, Real Estate, Mutual Funds…etc…
