Monday, December 8, 2008

How to tell if you are really rich

If you ever had to ask yourself this, then you are probably not but instead a middle-classer who is still caught in the endless 24/7 drudgery of having to work for a living. Especially during these difficult times, hard work alone just doesn't pay any more than it should since its already at a low. Just try to think back to the time of your last salary increment. Were you really that happy or dissatisfied with the measly handout? Or even worse? The company overlooked you in the name of future expansion and prudent planning, insisting that you place in more effort and worked longer so that it may be in position to pay you what you already are being paid now.

I should know. I was in such an organization for years. Whenever it neared bonus time, one boss in particular would harp on the quality of work produced and instead of being focussed on the issue at hand - would often drift in and out of ideas that would often not solve the issue raised as critical. The end? A host of other petty issues arose - all of which made "good" sense to defer bonus to another year. Not to mention the bad business ethics of duping the suppliers into parting with sponsorship money for business expansion and the like with artificial billings that ended a 50/50 cost sharing agreement with the supplier paying 100%... I left to pursue "better" prospects.

Well the reality check is that none of us can really be considered rich as there is not cutoff point; perhaps a range but never a totalitarian figure money-wise that sets us apart. It really depends on your geographical location where you live. For example, I have met British travelers who holidayed in Malaysia and spent money like it was nothing - truth was some were in the shoe-shine business, so to speak.

What does it all mean? Maybe you are as rich as you think you are. I believe that you are rich (in the money-sense) if you do not need to earn an income and financially independent.

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