Everyone knows that having a lot of money is good. But what is | FitRichSane

Everyone knows that having a lot of money is good. But what is a lot of money? Would you feel rich if you were given 10 crore rupees today? Would Mukesh Ambani feel rich if he had only 20 crore rupees? It's impossible to define a single parameter to see if your financial life is wealthy. Here are a few you can judge yourself on to see if you are sailing smoothly, or if you need to work harder to bring it on track:

1) You should have some money left in your bank account from your salary at the end of the month. At least 10-20%.

2) Every December the total money you have is more than the amount you had in January

3) Are you risk-free? Do you have health and life insurance, and an emergency fund?

4) You are investing a part of your income, and you understand where you are investing, how much you will get, and when

5) You are not fearful of where next month's EMIs will come from

6) You have a rough idea of you short-term and long-term financial goals



From this list, or from your own mind, decide your definition of rich today