Wealth creation is the process of accumulation of assets, investments, and resources over a period of time. It combines key aspects like strategic planning, risk-taking, and long-term investment perspective for meeting the financial goals of wealth creation. [A simple and perfect universal definition]
While people may use the terms “rich” and “wealthy” interchangeably, there can be a slight difference. We tend to use the word “rich” to refer to anyone with a lot of money to spend, even if they've gained it recently. On the other hand, “wealthy” more often refers to affluence that crosses generations. The term poverty refers to the state or condition in which people or communities lack the financial resources and essentials for a minimum standard of living. As such, their basic human needs cannot be met. On the basis of social, economic and political aspects, there are different ways to identify the type of Poverty:1Absolute poverty.2 Relative Poverty.3 Situational Poverty.4 Generational Poverty.5 Rural Poverty. 6 Urban Poverty. Every Vedic Rishi has declared Poverty, or दारिद्र्यं (Daaridryam), as the greatest disease, or व्याधि Vyaadhi, capable of crippling not just the body but also the mind. The objective of Vedic education, therefore, was to primarily ensure Prosperity, or संमृद्धि (Samriddhim). Rig Veda 6.19.8 आ नो भर वृषणं शुष्ममिन्द्र धनस्पृतं शूशुवांसं सुदक्षम् । येन वंसाम पृतनासु शत्रून्तवोतिभिरुत जामीँरजामीन् ॥ ā no bhara vṛṣaṇaṃ śuṣmam indra dhanaspṛtaṃ śūśuvāṃsaṃ sudakṣam | yena vaṃsāma pṛtanāsu śatrūn tavotibhir uta jāmīm̐r ajāmīn || “Bestow upon us, Indra <https://www.wisdomlib.org/definition/indra#hinduism>, vigorous strength, the realizer of wealth, great and propitious, wherewith, through your protection, we may destroy our enemies in battles, whether they be kinsmen or strangers.” Rig Veda 6.19.9 आ ते शुष्मो वृषभ एतु पश्चादोत्तरादधरादा पुरस्तात् । आ विश्वतो अभि समेत्वर्वाङिन्द्र द्युम्नं स्वर्वद्धेह्यस्मे ॥ ā te śuṣmo vṛṣabha etu paścād ottarād adharād ā purastāt | ā viśvato abhi sam etv arvāṅ indra dyumnaṃ svarvad dhehy asme || “May your invigorating srength come from the west, from the north, from the south, from the east; may it come to us from every quarter; grant us riches *combined with felicity.”* Rig Veda 6.19.10 “We enjoy, Indra <https://www.wisdomlib.org/definition/indra#hinduism>, through your guiding protection, desirable affluence along with descendants and reputation; grant us, sovereign, who rule over (earthly and heavenly) riches, vast, desirable and infinite treasures.” नृवत् । ते । इन्द्र । नृतमाभिः । ऊती । वंसीमहि । वामम् । श्रोमतेभिः । ईक्षे । हि । वस्वः । उभयस्य । राजन् । धाः । रत्नम् । महि । स्थूरम् । बृहन्तम् ॥ nṛ-vat | te | indra | nṛ-tamābhiḥ | ūtī | vaṃsīmahi | vāmam | śromatebhiḥ | īkṣe | h i | vasvaḥ | ubhayasya | rājan | dhāḥ | ratnam | mahi | sthūram | bṛhantam Rig Veda 6.19.13 “Invoked of many, may we, through these your friendly (praises), ever be superior to successive foes, destroying, oḥ hero, both (classes of) enemies, (kindred or unallied); and may we, protected by you, be happy with abundant riches.” वयम् । ते । एभिः । पुरुहूत । सख्यैः । शत्रोःशत्रोः । उत्तरे । इत् । स्याम । घ्नन्तः । वृत्राणि । उभयानि । शूर । राया । मदेम । बृहता । त्वाऊताः ॥ vayam | te | ebhiḥ | puru-hūta | sakhyaiḥ | śatroḥ-śatroḥ | ut-tare | it | syāma | ghnantaḥ | vṛtrāṇi | ubhayāni | śūra | rāyā | madema | bṛhatā | tvāūtāḥ In these light if Elon Musk is analysed, with due respect to his principles, rich daughter shall marry only the rich would be husband; and the poor is rich if he works hard to become rich; one who is rich who does not swell his wealth is only poor. Now read all the above definitions. Assuming that I may need 10000 crores to live all the family life, and I have already acquired wealth of 15000 crores, is he wealthy or poor and will she the daughter, not marry him? Acquired is from the ancestors only. Another sample of a money holder, places in the Bank and relaxedly living, is not eligible for the daughter of Elam Musk? Wealth is multiplied without doing any work. Suppose the daughter of Musk were to marry a poor with no money even to support, but proved before Musk, every day he may earn 1000 rupees, is that person rich or poor? And who knows he may become insolvent after the marriage and it is probable, feasible and certain too. Elan musk reiterated that, politely, that he will never part his daughter to any poor man; status discrimination only; and on the contrary, a 60-year-old can become the bridegroom of Elan as he stored his wealth in a bank. But our Rig veda defined the richness in detail in the Rig vedam as underlined in yellow colour above. Quality of wealth does count and not the quantum; as said in Arthashastra (and written by many in books) BEING BORN AS POOR IS NOT A CRIME BUT DYING POOR IS. K RAJARAM IRS 12 12 23 ---------- Forwarded message --------- From: Narayanaswamy Sekar <[email protected]> Date: Mon, 11 Dec 2023 at 23:44 Subject: Fwd: [iyer123] Fwd - Food For Thought - Who is rich and whom is poor To: thatha patty <[email protected]> ---------- Forwarded message --------- From: 'N Sekar' via iyer123 <[email protected]> Date: Mon, Dec 11, 2023, 10:14 PM Subject: [iyer123] Fwd - Food For Thought - Who is rich and whom is poor To: Iyer <[email protected]>, Kerala Iyer < [email protected]>, Rangarajan T.N.C. <[email protected]>, Chittanandam V. R. <[email protected]>, Mathangi K. Kumar < [email protected]> Let us, for the time being, do not bring in the wise saying " A contended mind is rich" but look at the following with an open mind. In a broader sense, Modi is trying to make people rich as enunciated here while Congress pits the poor against the rich. Congis and the Left must realize they can't bring in equality by making everyone poor. N Sekar Fwd: *WHY MY DAUGHTER CAN'T MARRY POOR MAN BY ELON MUSK.* Elon Musk explains why his daughter can’t marry a poor man. A few years ago there was a conference in the United States on investment and finance. One of the speakers was Elon Musk and during the question and answer session, he was asked a question that had everyone laughing. _Q : If he, the richest man in the world, could accept that his daughter marry a poor or modest man. A : His answer amazed everyone and provoked new thought of change_. Elon Musk - First of all, understand that Wealth does not mean having a fat bank account. Wealth is primarily the ability to create wealth. Example: Someone who wins the lottery or gambling. Even if he wins 100 millions is not a rich man: He is a poor man with a lot of money. That's the reason why 90% of the lottery millionaires become poor again after 5 years. You also have rich people who have no money. Example: Most entrepreneurs. They are already on the road to wealth even though they have no money, because they are developing their financial intelligence and that is wealth. How are the rich and the poor different? To put it simply: The rich may die to become rich, while the poor may kill to become rich. > If you see a young person who decides to train, to learn new things, who tries to improve himself constantly, know that he/she is a rich person. > If you see a young person who thinks that the problem is the state, and who thinks that the rich are all thieves and who criticizes constantly, know that he is a poor person. > The rich are convinced that they just need information and training to take off, the poor think that others must give them money to take off. In conclusion, when I say that my daughter will not marry a poor man, I am not talking about money. I'm talking about the ability to create wealth in that man. Excuse me for saying this, but most criminals are poor people. When they are in front of money, they lose their mind, that's why they rob, steal etc... For them it is a grace because they don't know how they could earn money by themselves. One day, the guard of a bank found a bag full of money, he took the bag and went to give it to the bank manager. People called this man an idiot, but in reality this man was just a rich man who had no money. One year later, the bank offered him a job as a receptionist, 3 years later he was a customer manager and 10 years later he manages the regional management of this bank, he manages hundreds of employees and his annual bonus exceeds the amount he could have stolen. *“Wealth is first of all a state of mind”.* Sent from Yahoo Mail on Android <https://mail.onelink.me/107872968?pid=nativeplacement&c=Global_Acquisition_YMktg_315_Internal_EmailSignature&af_sub1=Acquisition&af_sub2=Global_YMktg&af_sub3=&af_sub4=100000604&af_sub5=EmailSignature__Static_> -- You received this message because you are subscribed to the Google Groups "iyer123" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. 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