ARE YOU RICH?

The definition of “Rich”: having wealth or great possessions; abundantly supplied with resources, means, or funds.

So what does that exactly mean in 2012?

In a recent survey by Gallup, you’re rich if you have $1 million in assets, or $150k in annual income per person (as answered by people surveyed in the USA). The government usually says it’s a salary of $250k (which only accounts for 1% of Americans).

In China, Super Rich is defined as a person who holds assets worth at least 100 million yuan (USD$15mill). The China Daily estimates there are 8,200 of these individuals currently residing in Shanghai. 75% are business owners and 25% are made up of investors (mostly real estate) But the super-rich club of Shanghai is only the third largest in China though. Beijing holds the pole position, while Shenzhen is second.

Author Nassim Taleb explores the whole concept in his book “Fooled by Randomness” where he uses a great antidote about some fictional (?) neighbours. Was it just plain luck that one guy was richer than the other? We will never know if hard work really pays off.

MUST HAVE MONDAY

Statement pieces are usually something you need, but don’t own. They can be a piece of clothing, or an accessory that makes an outfit. Here are 3 must have’s in anyone’s wardrobe (which you can wear to work)

1. A statement dress – classic cut, but wow factor print (Preen by Thornton Bregazzi dress, $1,820)
2. A cuff bracelet – this adds a bit of edge to any outfit
3. A bright classic pump shoe

FASHION FRIDAY

What is the right etiquette for winter boots at work? I live in a country where is doesn’t get below 30 degrees Celsius, and even I know snow boots and work don’t mix! Ugg boots are not acceptable, nor are stilettos in snow. So what should you do? Invest in a nice pair of boots that are snow-friendly to get you to the office, and then change shoes when you get there. My top pick… these stylish Monclear boots, made by a company that makes great ski gear so they know snow!!