Every Paisa Counts

Urban legend dictates that high income earners are rich but I'd like to believe otherwise.

- Alex K Babu

MONEY MAKETH THE WORLD GO ROUND. 

We live in a world where money may not be able to buy you love, but it could buy you a whole lot of other things, and we mean A LOT. You need money for everything and most of our lives seem to revolve around making money and spending it. Managing your finances isn’t rocket science and figuring out how to make and more importantly keep your money isn’t that hard either. Do believe us? Well, let the experts tell you themselves:

MYTH: HIGH INCOME EARNERS ARE RICH 

"Most people struggle financially because they do not know the difference between an asset and a liability” is one of the most quoted lines from my favourite author, Robert Kiyosaki. He goes on to interpret an `asset’ as a means that puts money in your pocket while a liability takes it away. High income is no guarantee for your wealth creation unless you display financial and emotional discipline to make the money work for you – especially when you can’t earn those multiple digits.

ARE YOU A HENRY? 

In early 2000, Fortune Magazine had coined the term “High Earners, Not Rich Yet’ as HENRY for those professionals who earned highly impressive incomes but showed very low net worth. Their hallmark was their poor investment or savings strategies.