Most of my colleagues and friends sometimes
discuss about salary when we meet. We talk about raises, what
should be the % of raise in annual appraisals, when you shift
company or even you are given addition responsibility etc.
They ask me what is the appropriate monthly
income one should get. Wow! A question, I guess this has no
correct answer. Well, I would say it depends on what ones needs
are.
People brag about current salary and how they
are satisfied with their current jobs. How they get 30-40% raise
during annual appraisals and organization shift overs. Beware,
there is a limit your salary can go to during these raises. Soon,
it will reach a stage where such raises will not have a
substantial effect on your salary packages.
This is year 2006. If you think your current
job or current income generator is able to generate 100,000 Rs by
the year 2020, then you don't need to do anything else. I would
say "You are well off". If not, then you should start thinking
about ways to generate income.
This is the reason why you need 100,000 (One
Hundred Thousand).
Monthly
Income-Do You Need Multiple Sources of Income?