Why Money, Money, Money

Everyone in our society is running behind money. For the money, they easily take the wrong path. They did not require money for themselves but to show others. They want to become big in terms of money. But this money is not of any use. Like if we look at Bill gates story he earned money in 30 years with very high intelligence, hard work, and honesty. But now he is donating money with his friends. Because he knows this much money he doesn’t require for his life. That was not a wrong method, but in my thought, he should start that about 20 years ago when he had sufficient money for his life or children’s life.

Here idea is that if a person earned sufficient money for his & his children’s life, he should start work for society or humanity. Because money is required for our life, to live life. But we are not, living life to earn money.

I am here calculating how much money requires for a two tier or three tier cities for a middle man.
A. He require for a home in suburb of society – 35,00,000
B. For furniture AC, fridge, TV, geyser etc. – 5,00,000
C. For one car, one two wheeler – 5,00,000
D. FD for emergency fund – 10,00,000
E. Investment for children’s higher education – 20,00,000
F. Investment for children’s marriage – 15,00,000
G. MIS for monthly expenses 30,000 per month – 50,00,000
Total money requirement – Rs 1,40,00,000
So if a middle-class family have asset about Rs1,40,000, he did not require work. After earning that money, he can work for his passion and for his happiness or can work for the betterment of society.

Model II middle class man in a metro city.

A. Home in suburb – 90,00,000
B. For furniture, AC, fridge, TV etc. – 10,00,000
C. For one car and two wheelers – 7,00,000
D. FD for emergency fund – 10,00,000
E. Investment for children’s higher education – 20,00,000
F. Investment for children’s marriage – 23,00,000
G. MIS for monthly expenses 45,000 per month- 60,00,000
Total money requirement Rs 2,20,00,000

For rich persons as our calculation, it comes about 5 crore in two-tier or three-tier cities, while in metro 10 crore.
But some persons may be want to earn money for its 7generations and also wants to live like a royal family. Then also a family require 50 crore in the two-tier city while 100 crore in metros. So more than that what do you do.

I advise here, you should first target, how much money you require after that start service to human society. This whole lesson is not to stop working but to start work for society also. Because if you stop work you cannot live long at your home, you also lost happiness and satisfaction of your life.
So start work for society when your families become safe.

Note: calculations are based on 2017 costs in India, future cost should be calculated with inflation indexation