928 Households Controls 20% of Financial Wealth & it is growing at CAGR of 26%!!
June
19, 2015
928 Households Controls 20% of Financial Wealth & it
is growing at CAGR of 26%!!
Greetings from Hitesh!
It is often said FACTS are more Interesting than FICTION!! Boston consulting group
has come out with their report. The above data is taken from it. India is a
country of around 125 Cr people. If we assume, just 5 persons per family than
there are 25 Cr families in India. Out of 25 Cr families – we have just 928
families who are sitting at the TOP!!
Situation in Other Countries:-
In USA there are 5201
families / in china there are 1037 families / in UK there are 1019 families and
in Germany there are 679 families. India
stands at 4th place ahead of Germany with 928 families.
Let us Look at the LARGER PICUTURE:-
There are about 6
billion people on earth and 1.20 billion families (assuming 5 persons per
family). Out of this there are about 7000 to 10000 families i.e. around 50000
people are having 20% or more wealth!!
Rate of Growth of their Wealth:-
The most interesting
aspect is growth rate of there wealth. It is Growing at 26% Compounded Annual
Growth Rate!! To put this in perspective – they are doubling their wealth at every
2 years and 8 months!!
How many of you have READ The above NEWS ITEM in MEDIA?
It was given in the
MINT newspaper of 17th June. Many would have read and many would
have heard also. Many guys are aware
about these FACTS without reading also.
If they all are
knowing and aware about this – how come they are doing what they keep doing
what they have been always doing?
They keep on doing
JOB. They keep on worrying for getting better job. Better pay. Better education
for their kids. They go for retirement solutions and things like that. They
invest in postal schemes where they get their monies doubled in 8 years and 4
months and such other investments.
If they are really
aware about the FACTS, they would have surely done something to come out of the
RAT RACE. Rather then coming out of it – they try to win the RAT RACE!! Somebody has said –
if you win the RATE RACE – You will still be a RAT only!!
What is my personal Call?
All financial
literature and investment consultants talk about PERFECT MARKET THEORY. This is
by far the biggest lie being told to all. If market is perfect – why the hell
some 50000 guys have all the wealth?
Some Wall Street
Jokers have criticized Warren Buffett for telling the above Truth and entering
into their domain by beating them in their own game. He did not start the
businesses but he invested in businesses.
At Destiny Management we
are also doing the same. We invest in Businesses the way Businessmen invest. We
also go through the mental pain of Business Cycle the way every businessman
goes through. From my experiences I can tell you that this tension is 100 times
better than the tension of doing the job / keeping the job and worrying for
Promotion and retirement!
I may or may not reach
to the TOP 50000 people in the World, but the fact that I am on the right path
is giving me inner happiness in my life. It also gives me a probability that I
may reach to the TOP some day!
If you also want to
change your DESTINY and deep desire to live your life at your terms and
conditions – do join DESTINY MANAGEMENT.
Follow me on Twitter @hiteshmparikh and join me on
WhatsApp on +91 986 942 5399.
Have a Fantastic
Friday.
Hitesh Parikh
Comments
Post a Comment