How much wealth is enough?
Nowadays, I see expenses are growing at high rate for even individual person. Considering today’s scenario & inflation rate how much wealth (including debts) people have accumulated and what should be an ideal sum of money by age 30? It’s a continuous tension in mind seeing the expenses being skyrocketed and companies are giving low hikes… Also, we can discuss on strategies where we can have work life balance and descent money inflow…
Money is like riding a bicycle. The technique to balance and keep the wheels moving matters. If a person doesn't know that he/she is going to fall. Size of the wheels doesn't matter.
Perfect , orz
You can begin by calculating your own expenses YoY. That's your personal inflation. Will include lifestyle creep with increase in salary.
Now project it to when you wish to retire/not work/not earn.
See how many years you may live in retirement.
Just a little bit more!
