Welcome back,
Today my blog is not going to be about a technical analysis or a crypto token. It is a participation in one of the contests where I liked the theme quite a lot. The theme for the contest is “How much money do I need to feel stable financially?”
Now to be honest, I think there is no barrier set for a financial bar where you feel safe, because once you start earning money, you know you want more of it. For example, if I talk about myself, initially when I started earning, my goals were quite small, and as I started trading, my goals started to increase every day.
Even today, I target a much higher profit compared to what I earned yesterday. That is another thing whether I earn higher than the previous year or not, but the reality is that we all want to do better every day.
If we set a financial limit to ourselves, or any limit to ourselves, then I think we are doing wrong. So for me, I think there will be no financial barrier where after reaching that point I will feel like I have achieved everything or I do not need any more, because obviously I need more of it.
Maybe I am talking too much, but why not beat all my friends when it comes to financial savings, or even all the people in my city, or in my country, or in the world? Think about it, because when you think about it, you achieve it.
So to answer the question for the theme, how much money do I think is enough for me to feel financially stable, the answer to this is, I think for a person with an income of 200000 to 300000 per month in India is enough to survive even in the most high-society area. So that is where the needs of a person get fulfilled.
But when it comes to the desires or the goals they want to achieve, they are never going to end. When you do not have a car, you want to buy a car. When you buy a car, you want to buy a better car. When you continue buying better cars, then one day you want to buy a Lamborghini or a Bugatti or maybe a Rolls Royce. So that is never going to end.
And I think it is not a bad thing if you are aiming to achieve more, it is good, it is a good thing. Just do not let bad emotions come into you once you get rich, because that is something you should ignore. That is what my grandparents and my parents have told me, "no matter how much you earn, never look down on others".
So I think that is my answer for this contest. I might not have answered it properly, but yes, that is what I think and I have shared it already. If you want to participate in this contest, you can head over to the India United community and look at the pinned blog, where the pinned blog is the contest blog itself with all the necessary details you need to participate in it, or you can also click on the link below to directly read the contest.
@indiaunited/indiaunited-new-contest-and-last-f235bb0fecac6
Thank you and happy trading everyone.
