The following is a guest post by long time reader and entrepreneur, Investor Junkie! IJ writes about how we should stop our complaining, and realize we are wealthier than the large majority of the world.
If you live in the United States, you are wealthy beyond what most others dream of. Your salary is 99% higher than of the world population. Visit areas like India, and Africa, and you’ll see what real poverty looks like. If you moved there, you could live like a king! Don’t believe me? Visit Global Rich List and plug in your yearly salary.
So what exactly does it mean to be wealthy anyways? It’s all relative to the environment you live in. What might be considered below the poverty level in the USA ($22,050 for a family of four), might be considered well off when living in say Uganda. According to the Global Rich List even at the US poverty level, you still make more money than 89% of the world.
If you look at the Wikipedia chart, you will see the USA has the most wealth compared to any other country (including Japan). No other country comes close to the USA. So while you may not feel wealthy comparative to what you see in the media, you still are better off than 99% of the world population. In terms of average income, the USA is only 13th in the world, but we still have more stored wealth than any other country.
Stop complaining that you can’t afford that new Lexus you lust for. Many people around the world don’t even own a car! They get from place to place by bicycle. It’s true you may not live like a rock star, famous actor, or business titan, but you live better than most.
Most people in the United States have: