How much should one make to live a lavish life?
Define Lavish.For poor homeless people stomach full of healthy (and tasty) food, a place to sleep and minimum earning to keep a decent life is quite lavish.For those born with silverspoon or have earned their respective spoons gold plated Ferrari, bank balance in billions, huge mansions are normal.For terminally ill people a healthy life is worth for than any treasure.We set our goals and we build our own castle of comfort. So my lavish will be different from yours. Money is damn important because the Pizza guy takes payment in money and not love/hugs etc but Money isn’t everything. Always set your materialistic goals in a way that it shall leave a little space for your personal self. Money will buy you many thing equivalent to happiness (take pizza for instance or a beach holiday) but money won’t buy you people who’ll write you eulogy.
What income do I need to live in luxury?
Congratulations on thinking about the future and earning potential at such young age. I will try to answer your question here and for that, I would make few assumptions.Living in Tier 1 city as a couple and no kids, no expensive hobbies, no chronic illness:Also, this calculation is for LUXURY lifestyle and in my opinion a bit conservative estimate:EMI for a Gurgaon DLF 3 bedroom apt + monthly maintenance - Rs 300,000 (loan of 2 Cr + average monthly maintenance for Gurgaon DLF premium property. For eg. - Maintenance alone for DLF Belaire apartment is 80k per month)Utilities + Phone + Internet - INR 10,000 (central air conditioning, fiber optic broadband)Car+depreciation+fuel+commute - INR 50,000 (Audi A4)Groceries - INR 20,000 (premium organic food, imported cheese,aged wines)Entertainment - INR 40,000. (eating out in restaurants like Bukhara each weekend, going to pubs)Vacation - Rs 600,000 per year for a luxury Europe trip, this is average INR 50,000 per monthElectronics plus appliances - INR 100,000 per month on averageSaving - INR 2,00,000 per month so you may be able to maintain this lifestyle post retirement Misc - INR 70,000 (down payment for purchases etc averaged out)Shopping (clothes, jewelry, watches, misc.) - Rs 100,000 per month on average TOTAL - Rs 900,000So net net - 9 Lakh after tax, after PF is a fair approximation at which you would start to feel true luxury. However, this would still be just starting level luxury and not owns a private jet luxury. Also, I might not have been able to account for the massive downpayments that may be required at timesIf this looks a bit scary, here is a more achievable target: what may be considered a good salary (not luxurious though)How much income is considered good salary in India? I wish you all the best!
What is the meaning of living a lavish lifestyle?
Honey, this is a very important question.Here is my response.My interpretation of a lavish lifestyle is one “spent living right, healthy, not holding back in responding to your major needs and that of others, and finally impacting others so much that they have something good to say when you're finally twelve feet under”That's all.It's OK to immerse wealth but what good is it when you don't help others, show love or impact anyone.A lavish life is a life spent in a beautiful rhythm causing everyone to dance to the sweet melody you emit.I hope this was helpful.Let me hear from you.Stay lavishly right!
Are there any living descendants of the prophet Muhammad?
If you expect that the direct descendants of the Prophet (peace be upon him and his family) are the ones that descended from his sons, the answer is no. It is a tawfeeq from God to have him do not possess any sons. Anyway, the believe of Muslims is that the nasab (direct lineage) of the prophet will be descended from his daughter Fatima, so that you have Ashraf and Asyad, and it is should be noted that not all of his daughters descended that lineage, because it is special right of Fatima. There are quite many Ashraf and Asyad around the world.So, the notion that the descendants of the Prophet were all gone is not correct according to the Islamic tradition which is, in fact, very patrilinealistic, and it is acceptable among the Arab Muslims as well.Otherwise, if Queen Elizabeth II is said as a his direct descendant, I and a very large number of people around the world should be regarded also as the direct descendants. The point is a woman who was allowed to bear the lineage is only Fatima.
How does wealth/poverty look in your country?
I am from India, a country unfortunately known for its visible dichotomy in the rich-poor / poverty-wealth spectrum.The most ‘visible’ juxtaposition of poverty and wealth can be seen from the sky of Mumbai. Anytime, you fly to or from the city of Mumbai, you will get to see the aerial cityscapes like the following.There is a clear distinction between the rich-locality and the poor.The next photo also exhibits a a clear division between the slums and the well-to-do localities. It is to be noted, that the ‘better’ buildings in these images are not owned by exuberantly rich people. Those buildings are community-apartments for the so-called ‘middle-class’ mass, who manage to live a decent urban lifestyle which is way better than that of the slum-dwellers (but not comparable to the ‘extravagant’ rich lifestyle at the same time.)Image Courtesy- Google Image Search