The Tail of Two Comments
I have been posting videos on my YouTube Channel from the last 1 year. It is a slow growth but still I am enjoying the journey. I am learning so many things and thus getting better in managing my own finances along with teaching about the finances. Creating the strategies and trying to improve the strategy to make good money in the stock market.
So recently in one of my videos I have got two comments, as below.
Now let's go through those comments and find out what exactly it means for all of us.
1st One - Now I am feeling more wealth. Actually the wealth is subjective. When we compare the wealth with someone we will see if we are poorer of we are richer. Comparing wealth is not good as it will hurt you by knowing someone earning more than you. I am not saying you should not try to have more money, but try to improve yourself rather than comparing.
So when you are doing good, you have saved 10 lakhs, it's a good start because a lot of people doesn't reach till there. Our main goal should be preserve the capital which we have and along with that try to increase our savings to be wealthier in the future.
2nd One - This is actually not good, if you really want a smartphone then you should get it. Because it's really needed in current time. I am not saying that you should buy high end phone. If your requirement is for Rs 15K smartphone then its okay yo buy it. But if your requirement is for 15K and you are thinking of buying 1 lakh phone just for status then it's not good. And that's why buy the smartphone and still invest the money which can help you ij the future.
Now please comment, here as well as if you can in the Youtuve Video that do you feel wealthier, and if yes then why.
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I think it's the subjective part of feeling wealthy or not that's what people use as a measurement to look where they are in the wealth ladder. Maybe people will feel wealthy when all of their basic needs are covered with some pocket change on the side. But if you want to start comparing with somebody else out there, then it becomes a different thing altogether, I think.