1% Richest… Be in that Group.. Go Level by Level.

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    There can be many goals you have set to increase your net worth. How about becoming the 1% of the richest population pool of the country you live in. Let’s take it Level by Level. I live in India and my study will be focused from here.

    India is a developing nation, which means it is still poor. With lots of mouth to feed becoming rich here is tough for the general population, but easy for the salaried tax paying population. If you net worth is 45 Lakh rupees, then you are one among the 1.38 Crore of the wealthiest Indians in India.

    Once this is achieved, your could have the goal to move to the 1% richest of China. If you have a net worth of 6.33 Crore rupees, Then you are one amount the 1.40 Crore of the wealthiest Chinese in China. This seems difficult. But can be achieved over a period of good investing.

    In case you have crossed the Chinese level. Then you could think of moving to Japan’s 1% richest. If you have a net worth of 11 Crore rupees, you are one amount the 12.58 Lakh of the wealthiest Japanese in Japan.  Yes it is tough. But still possible. Right?

    Moving from Japan. What could be the next level. To be 1% of the richest in UK. If you have a net worth of 14 Crore rupees, then you are one amount the 6.72 lakh of the wealthiest Brits in UK.

    If you have achieved UK, then Germany is just a small step. If you have a net worth of 15 Crore rupees, then you will be among the 8.32 lakh of the wealthiest Deutsche (Germans).

    Next step could be tough and truly a big leap. You need to own a good business or your ancestral wealth to achieve this. Or you should have the IQ of Buffet or Munger or Rakesh Junjunwala or many more. We consider the richest nation now. The USA. If you have 32.8 crore rupees of net worth, you can be 1 amount the 1% wealthiest citizen (32.95 lakh) of USA.

    Then we go to the richest 1% nation in the world. Monaco. Guess everyone is richer than the 1% richest average of India. It can just be a mythical example. But we proceed. If you have 58.8 crore rupees, you will be amount the 393 people of Monaco (1% population).

What could be the final Level. Being 1% of the wealthiest population of the world. If you have a net worth of 62 crore rupees, you could be part of the 7.76 crore of the 776 crore population of the world. Yes that’s an elite group. Strive to be there. Its not impossible. 

Net worth Journey can be 

45 Lakh INR --> 6.33 Crore --> 11 Crore --> 14 Crore --> 15 Crore --> 32.8 Crore --> 58.8 Crore --> 62 Crore --> Then your wish.. 

Source :
https://www.cnbc.com/2018/11/01/how-much-money-you-need-to-be-part-of-the-1-percent-worldwide.html

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