What and who is financially rich?

In today's society, there is a misunderstanding about financial richness. The person who owns a big home, awesome car etc is not an indicator of richness. That is a bad understanding of our society. In this post, we are going to cover the question "What is richness" and "who is rich? ". 

Consider a real-world situation, if a person having a royal-looking big home. This makes an impression in the mind of society that he is rich. But the reality may be, he have a huge amount of loan for making the home. The words "don't judge a book by its cover" have relevance in the above situation I have described. 

Most of all love to become rich. That's why they mislead society by buying expensive things with the help of loans and credit cards. A rich person cannot do this type of stupidity. Because he doesn't need to display him selves rich. He knows the dangerous side of loans and he doesn't take loans for unnecessary purposes. 

Mainly poor or middle-class persons become rich mainly because of their financial knowledge and money management skills. 

If you have a high-paying job. That doesn't make you a rich person. Because your lifestyle will change according to your salary and your spending will definitely increase. Also, when you want to by a car or other utility you would take the help of a loan. This is a bad habit. 

Those people who have financial knowledge would never spend their salary fully. He would use it effectively. And also they are conscious of their future plan. This behaviour will make him constantly rich. 

Features of a rich person

• A rich person should have a lot of valuable assets that can generate him income or wealth.
• His asset column should cover the liability and experience column. 
• He would think several times before taking a decision. 

If you want to become rich, you want to create money management skills. 

You can ask your doubts in the comment section. 

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