Know what bracket you belong to depending on Income
- Wealthy: 500-600k PHP per month family is at the top 0.5%
- Rich: 122-500k PHP a month and above puts you in the 1% bracket
- Middle class: 40-122k monthly income
- Poor: 8-40k a month income
- Pauper: below 8k PHP
And depending on Net Worth you need…
- Wealthy: 10M PHP net worth, the top 0.1%
- Rich: 1M PHP net worth, the top 1%
- Middle class: 100-999k net worth
- Poor: less than 100k net worth
So guess it is time to see where you are, and what is the next level for you to achieve.
Time to stop drinking beers on the weekends and work your ass off until you are the 0.01% with a decent house at Forbes Park.
If Henry Sy could make it, then anyone can make it to the top in the Philippines as well!
