The shorter the payout timeframe, the cheaper our time is valued - and often, the lower the position of the profession in society. 1 Day Daily wage laborers (often referred to as Dihadi Majdoor ) work on a one-day cycle. They are paid the same day they work, which places them at the lowest end of the economic ladder despite the physical effort involved. 1 Week Hawkers and street vendors usually operate on a weekly cycle. They borrow or invest in goods, sell them throughout the week, and earn just enough to sustain themselves. 1 Month Most of the middle-class population falls into this category. Corporate employees and government workers trade an entire month of their time for a fixed salary credited at the end of the month. 1 Year Contractors, business owners, and entrepreneurs typically think in yearly cycles. Within this timeframe, they either generate significant profits or risk financial failure. 10 Years Visionaries with long-term planning operate on a decade-long horizon. Th...
Most of us say we want to be rich, but in truth, we don’t. We just want money to spend — to buy a car, a flat, a phone, jewellery, or a vacation. We want to feel rich and look rich, not actually be rich. Being truly money‑rich means having a large amount of money that we don’t need to spend. If we keep earning and spending the same amount, our bank balance stays near zero. How can we become wealthy if, every time money comes in, it immediately goes out? Two Types of People Imagine someone wins ₹1 crore. If you ask them what they’ll do with it, most will list purchases: A new car A flat or a bigger house A luxury phone Gold or jewellery They’ll spend it all, and their bank balance will be back to zero. They feel rich for a while, but they’re not actually richer in net worth. Now imagine a second person who...