Dr. Wall refers his readers to a sobering web site that lets the viewer see how his income compares to the rest of the world. Stepping back and counting our blessings can’t hurt.
It’s sometimes depressing to think about your income and what ifs and winning the lottery and the life the wealthy and if onlys. The bottom line is that compared the rest of the world you ARE rich. Really rich. REALLY, REALLY rich. Really.
Check this web site out and then count your blessings: The Global Rich List. Yeah, that would be you. You type in your annual income and the web site will calculate how you rate with the rest of the world. I came across this last week in this article: How Rich Are You? on the Personal Finance page of Yahoo Finance (a web site I check on occasionally). Here’s a quote from the original article:
You are richer than you think.
At least according to Poke, a London-based creative company that specializes in interactive media. Their Web site, The Global Rich List generates a wealth ranking for its users based on their annual income.
For example, if you make $52,000 a year (the median American household income for 2009), you are the 58,252,719 richest person in the world (or in the top 0.97 percentile of all moneymakers).
Someone who makes half of that ($26,000 a year) is still in the top 10%, ranked 569,942,529 on the Global Rich List.
These calculations are based on figures from the World Bank Development Research Group. To calculate an individual’s position on the list, Poke assumes that the world’s total population is 6 billion and the average worldwide annual income is $5,000.
If you make $80K you are the 47,380,745th richest person int he world, putting you in the .78th percentile. Wow.
This is both encouraging and sobering. The web site was developed to help folk appreciate their station in life and perhaps open their pockets a little more to help those less fortunate than themselves. They give a few comparisons from western society to the cost of items in the Third World:
$8 could buy you 15 organic apples OR 25 fruit trees for farmers in Honduras to grow and sell fruit at their local market.
$73 could buy you a new mobile phone OR a new mobile health clinic to care for AIDS orphans in Uganda.
$2400 could buy you a second generation High Definition TV OR schooling for an entire generation of school children in an Angolan village.
So check it out. Then get your butt out of debt. Meanwhile, open your heart to others in the world. And stop your stupid complaining.
I’m all for that.
Check out these other blogs by Dr. Wall about money and your marriage:
Dr. Wall theorizes that marriage problems increase as debt increases and that one sure-fire way to improve your marriage is to start working together as a team on knocking your debt out ASAP!
Dr. Wall ponders what your future could be without all your debt. It’s time to kick it in the butt.
Dr. Wall theorizes that couples who keep their money separately while cohabiting continue to do so when they get married. This brings the spirit of living as roommates into the marriage when they are supposed to be working as a team instead.
Dr. Wall shares Dave Ramsey’s plan for free cars for life. Taking control of your money is a price worth paying.