Same Income but Different Outcome

Two people earning the same income can be Rich or Broke after years this is because of their lifestyle choices. So your income doesn't guarantee the outcome of the future. Even though you are earning quite high, you can end up being broke.

The first problem is the LifeStyle Inflation. Now a days people are going with big houses, big car, fancier bike and costlier phone and in the process they are not saving much. And thus after years of being salaried you end up being broke because you have not created any assets. And by chance you laid off from your job, your big houses fancier cars will be gone down the drain.

I am not saying that we should not upgrade, but first try to have that money in your account so that even if you upgrade your networth doesn't change. Next is debt, whoever is showing off in the social media, is mainly because of the debt they have incurred. My colleague is earning more than me but his half of the salary is gone in loan because he has taken a lot of loan to have a house, bike or car.

So if we are not investing enough, our future will br bleak. For example, the inflation is increasing like anything and if we don't invest we might not be able to cope up with the inflation. Even if you are investing with Rs 500 when you are starting that is more than enough. Or if you are not investing, just start writing on the Hive platform to earn Crypto. Your Hive Power will increase, Hive value will increase and thus without any investment your networth is increasing.

So if someone thinks that 2 person earning the same will end up the same, that is not correct. It all depends on the mindset and habits which dictates whether you are able to be Rich or Broke.