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Yeah it sounds easy but I know I can’t dump all into it and very hard for people on average salary in India as well as most countries I’d think
very hard for people on average salary in India
It's a myth. In India we can also buy things much cheaper than developed nations. For example US people are buying 12 eggs for $6 these days, we buy 100 eggs with the same. Rents and Travel are much more expensive there compared to India. And most of the services, they are incredibly costly. So, it's very much manageable if you're earning $10k/year in a town in India. But yeah, $20 k is more than sufficient. Anyone will feel like wealthy if he earns $15 to 20 k yearly.
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That’s interesting! But I meant to be a whole coiner as you said average of 10x salary
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I said it shouldn't be difficult for people earning $100k in a year.
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Yes but you need to take out the costs for existing out of that as well and there would be lots not earning 100k a year. I earn 100 odd a year and we have next to no spare money to invest after housing , food , utilities and 4 kids
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Yes, you're right. That's what I'm saying. In India, may be because of the less lavish lifestyle and lesser prices of goods and services, the situation is better even if people are earning a lot lesser than developed countries.
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