To become rich, we have to work twice as hard to earn money because we have to struggle against high taxes, strong unions, controlling the wages, and generous welfare that we call the Social Security net.
As Per the UN talks the poverty line if you earn less than one dollar a day, maybe $2 a day. But we have to define the richness line.
The most reliable report when it comes to rich people, the Wealth Report, set the richness line at individuals with net worth of more than $30 million.
There are more than 170, 000 UHNWI(ultra-high net worth individuals) in the world. And here is the top five list of countries with the richest people.
Number five: China, with more than 8,000.UK, Germany, Japan, and on top, of course, the United States with more than 40,000 rich people.
As per the survey of rich people among 1 million, there are 179 countries Denmark, Canada, New Zealand, and Sweden. At the top of the list Norway
The reason behind the rich countries are
1. free education
when there is no or little investment in education the family focuses on other opportunities and the learning process.
obviously, the fathers and mothers save the money for the next generations and they termed themselves as rich
In Denmark every year 14% of people become rich using the above formula
in norway-12%
In sweden-11%
in USA-8%
for middle-income level and low-income level people in Norway, they are getting 7 times more salary than in other countries approximately, So the Norway government wants to implement automation in some areas. For example automating toilet cleaning, toll plaza process, supermarkets etc.
2. Automations
The way we utilize the technology to optimize the financial growth in the countries.
Especially in India people always start their education by getting a large number of loans. So young people in every generation have some commitments to get over the loans. So the mindset of the Indians to get rid of loans currently, not to generate automatic income.
There is no proper system to teach here about finance and Entrepreneurship.
Still we are in a race to score higher marks than others, instead of finding who we are actually.
The above statements are not about blaming the Indian system. As in India, we are having a huge geographical area with a large diversity of people. To reach a thing of a rich mindset here is the biggest challenge. it's not about government has to do or what the private has to do.it's about people has to strive for the change
The total observation of the whole point is the mindset of the people
There are two mindsets that people can have - the rich mindset and the poor mindset.
The rich mindset is based on growth, change, and learning. It sees challenges as opportunities to learn and grow. It believes in being proactive in life.
The poor mindset is based on fear, negativity, and a lack of control over the future. It sees challenges as obstacles that prevent it from achieving its goals. It believes in being reactive in life.
Adopting a rich mindset can help people feel more empowered because they have more control over their lives and their future.
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There are many different aspects of the rich mindset. One of them is the idea that one should never stop learning, which is a key component to developing a rich mindset.
To have a rich mindset, one must also have a growth mindset. This means that they believe that they can always improve and grow, even if they are already at the top of their field. This way, they will always be striving to improve and do better than before.
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