How much Money is enough for you?

This simple Article gives you an insight of how much you need to Aim for felicitous life.

Constantly chasing more and more will make you miserable. the right goal gets you off the treadmill.

We live in a world where we think we needs millions of rupees to be happy and retire. But how much money is enough? This is easier than you think!

If you are earning lakhs of rupees a month and comparing you with Ambani who spend crores a month then you will never satisfied. The number will be different for everyone, depending on your circumstances and values, but this article gives you an insight of how much money is enough.

If you are fulfilling your and your family needs every month and still have some amount of money remaining and save for the future and investing in the assets for return, that's enough for you and your remaining life, but if you're below this level, making more money is your motive and you will never satisfied, but beyond that point, each additional rupee adds a little less to your life.

let's cover a few of the basics first. How much money do you need to survive an emergency? The relatively small and unexpected expenses of life. Car repairs, broken home appliances, or a trip to a dentist. these emergencies create real hardships for many people.  

 It's common financial rhetoric to recommend saving 3 to 6 months of expenses in an emergency find. It's also stated as an important first step to improve your financial security. Having 3 months of expenses in cash is fine goal. I've kept a similar amount of cash handy over the years. Life expenses are lumpy, that I know. If you're on a roll and stacking up the cash pile. It's time to invest! Get that money in the market and let it do its.

source : Adobe stock

This thought experiment forces you to cut away the natural impulse to aim ever upward (if you do that you'll bid too high and get nothing). The result is however much you ask for is your number, the amount you'd need to live comfortably and pursue your goals is status and lifestyle inflation weren't a factor.

The number should be Rs.50000 a month if you are living in cities like Mumbai and Delhi, your answer might be a little bit higher or lower than mine or your neighbor's. That's fine. It's not important things is that we each reflect enough to have one.

Because  the alternative is being one of those people confessing online how you burn through a healthy six-figure salary and still feel stressed and dissatisfied. Your expenses and desires can be infinite.   If you don't want to chase them miserably forever, you need to put a cap on your financial ambitions yourself.

 Aditya Lahudkar                                                                                                                 adityalahudkar1122@gmail.com                                                                                             Sai Balaji International Institute of Management Sciences                                                       Contact - 8830602520