Many who graduated from top engineering colleges like IITs, NITs, and BIT or top B-schools like IIMs, ISB, and XLRI and worked in corporate became uber-rich.
My estimate of this number is 5% or so.
60-70% make decent money to have a good standard of living.
The balance 25-35% end up with a life of struggles – FINANCIALLY!
Great salary is not equal to great wealth.
Great career is not equal to great wealth.
Many have generated great wealth without great pedigree.
Understanding P/L, Balance Sheet, and Cashflow is basic.
Spending time to understand factors critical for wealth creation:
1] Market trends and investment options
2] Diversifying portfolio of investments
3] Taking professional advice when needed
4] Having the right kind of insurance
Most importantly,
5] Connecting career moves with investment plans
A good college ensures a good starting point.
Beyond that, you have to navigate well.
In a world full of financial scams, are you doing enough to create and protect your wealth?
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