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Talking about the term “money” it does matter! In fact the entire world today is running after M-O-N-E-Y. And I do agree with you all that it’s important! Because of money, one can fulfill his/her dreams.

Take a moment and think do you want to work for money or do you want money to work for you!!

As you go ahead in this chapter you will figure out the above two categories.

So people who work for money are generally poor and middle class because they are the people who don’t understand the difference between asset and liability.

For example, a middle-class man buys a car on loan and starts treating it as his asset. But actually, it goes to his asset side.

On the other hand, there are people for whom money works. They don’t run after money it’s the opposite!

What these people do is they focus on adding on their assets! How?

From the same example above a rich person will always buy a car from his investments! Rich always focuses on investments while the middle class and poor spend their entire life in paying their expenses.

Let’s look at a few words now –


Meaning: one who lives an ostentatiously costly and luxurious life
Actress Katrina Kaif makes over ten million dollars a film because of which she is able to maintain an opulent lifestyle.

Even though the evil king knew many of his people were dying of starvation, he continued to spend money decorating his opulent castle.


Meaning:  one who is wealthy
Jennifer owns a multimillion-dollar company and lives in a mansion, she is an example of an affluent person.

My friend lives an affluent lifestyle as she has twenty-four into seven workers looking after her and fulfilling her orders.

But here me out there is a difference between opulent and affluent.


Meaning: on the verge of starvation
In the period of destitution, Jack calmly managed all the difficulties that came his way. He started working approximately fifteen hours a day in order to fulfill the basic needs of his family.

Destitution at times becomes dangerous because the maturity of people dies each day out of starvation.


Meaning: one who is poor
The penurious little boy could not afford to buy school lunch, even though he was dying of hunger.

Government assistance is available for penurious families who cannot afford to purchase food.


Meaning:  stingy
My affluent grandmother always becomes parsimonious while shopping and clips every coupon she sees.

Despite his wealth, the parsimonious millionaire refused to give any money to charity.


Meaning: one who is forced to live in hardships of life
The indigent family was evicted from their home because they could not pay the rent.

The government has a healthcare program for indigent individuals who cannot obtain their own medical plan.


Meaning: stingy, ungenerous with money, time, etc.
The niggardly millionaire found it hard to keep staff because she refused to pay her employees a decent salary.

My friend advised me that being rich, I should stop being so niggardly at times and give at least a dollar to charity as it gives me inner peace.


Meaning:  common man
Jack being a pedestrian has to maintain a budget for his day-to-day expenditure as he has a fixed income.
Being a pedestrian in a country like India, it is safer as all the rules and regulations always come in for the welfare of common man.