Humans frequently conflate wealth and income. According to our estimation, someone making Rs. 1 lakh per month is wealthier than someone making Rs. 40,000.

Yet, it is challenging to draw conclusions so quickly because we haven't specified how much their monthly costs are, monthly spending, or savings are. What if the cost of living is Rs 90,000 for someone making Rs 1 lakh and Rs 20,000 for an arsonist making Rs 40,000? In that situation, the person with a lower income will save more money. Long-term wealth generation will be higher for the person who saves more.