Richness, sounds like an index, right? An index of a single-valued function: ‘money’. Is it okay? to define the most valuable index of human society by a single parameter? The most surprising fact is this mono-functional index is deciding the status of an individual, and the identity of society even though the fate of humanity in the name of economic development. As per the theory of mathematics, an index defining you (here you means, you in totality) must be a multi-parametric function. And, this needs to be re-define in today’s context. Let’s go deeper into it.

There are billion-dollar valuation companies that are loss-making in the real sense (i.e. Ola, Byju’s, Zomato, Policybazaar, Flipkart etc.). There are people, who live in luxury but are in debt in the true sense (i.e. Vijay Mallya). There are people, who have accumulated abandoned wealth but depositing it to the hospitals in instalments to cure incurable eternal sickness. There are people, who have assets but do not have the courage to use them for their own or others. There are people, who are well-known for their positions but have lost their character. There are people, beautiful in looks but ugly in nature. There are people, who are in the most exciting job roles but always live in dullness. And, therefore Richness needs to assign different values, it needs to re-formulate and re-define by multi-parametric means.

The concept of the Richness Index might emerge as a new tool for assessing one’s multi-dimensional richness as a whole in parallel streams of the Happiness Index, Hunger Index, and Poverty Index. Assessing a Nation’s progress and growth on the basis of GDP only may not lead us towards sustainable development. And, this spree of billion or trillion-dollar economy may destroy our common vision of making “the Earth a better place for living for all”. Richness Index may incorporate numerous parameters, some of which might be as follows:

So, the biggest idea behind building the Richness index is it’s a multi-dimensional and multi-functional phenomenon. The biggest lacuna of the existing definition of richness is its 1D, multi-layered concept. That means the richness is completely based on ‘Monetary Asset Value’ and in order to improve its value people usually add layer over layer of the ‘Monetary Asset Value’. They forget about the other dimensions because that’s how it has been defined till now and even respected. Now, the world has changed, this needs to rewrite the ideology and redefine the concept. The richness needs new order of respect. So, let’s begin with this revolutionary concept of the richness index.

If you already have sufficient monetary assets then work on growing in other dimensions of richness rather than building another layer of the same, what you already have.

The picture below may depict you as a whole incorporating all the values, ratios, indices, quotients and rankings:

I strongly believe, sooner or later we shall have this new order of richness or I will develop one. But, there are some wonderful indices developed by some of the most amazing people which are already in vogue, here they are: [click on the picture to get started]

So, let’s stop believing in the order of monetary richness and start having faith in the richness of life.

Someone might be poor in the context of money but he/she may have the treasure of wisdom and intellect. Someone might be a little unfair with the skin but may be super-fit, bold, hot and sexy in figure and body language. Someone might be lacking in luxurious pieces of stuff but may have the luxury in life. Someone might be working in a poor-grade job but his/her work ethic may be a lesson for those who are working in the so-called white-collar jobs. The richness is nothing but an order that we have created and now this needs a new order of definitions and that’s what we have tried to elaborate on in this blog. Thank you very much for your time.

Remember: