Types of earners

Image sourced from The Economic Times

We have different types of earners

1) Who earns for survival - these people are the ones below the poverty line, they do not have any money or a roof over them. They are mobile, wherever they get food, shall stick around and move on to the next. Some do the begging, and some really try hard to meet their needs. Unfortunately, this society neglects them and many times they are not given menial jobs for their appearance. 

2) Who earns for yesterday - poor people fall under this, they are always fighting against the odds to repay the debt they took yesterday/ in the past. The struggle goes along with fighting this odd for the rest of their life. It's a hell hole.

3) Who earns for today - the middle class comes under this, they are content with their livelihood but always one medical bill or school or college bill away to go down their financial status from being content to poor. Their income shall meet basic expenses including food, clothing, rent, general healthcare and others. They may own a car or home but on a bank loan. 

4) Who earns for today and tomorrow - upper middle class, who always live under their means and live a simple life. Quietly grow the saving corpus and acquired incremental assets like land, stocks, gold and others in the process. They always have about 6 months to 1 yrs monthly expenses in their liquid assets. Very well aware of financial instruments but do not take high risks and have a lot of patients. They always go incremental in savings and growing assets. Sometimes they do lose money through private attractive schemes but are very conscious of their money and focused to recover the most by all means.

5) Who earns for tomorrow - upper class, their life filled with luxury, they always look to work for the future earnings which they may consume after 5 or 10 years or for their children or grandchild. Very calculative, risk mitigating, may not be expert in all but know who is who for approach and getting things done. Their objective is always to keep the return on investment very high in all types of assets, if the earnings fall below their expectations they wouldn't worry to dispose and move towards the next. Will not have any materialistic connection with assets, are strong in handling their emotions, and their priority is always not to lose money. Their assets earn money even while they are away and sleeping. 

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