Narayan Murthy 7 Steps: Design Your Rich Life

Narayana Murthy

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Narayana Murthy:Recently spoke about how youth should work 70 hours a week for the upliftment of India. He cited how after World War II some countries worked longer to develop faster. While this comment is open to interpretation, people are divided. Some people sided with Murthy, and some sections of the society strongly rejected this notion and mentioned that the world had moved away from the hour system.

At the core of this is the understanding that people’s opinions are shaped by the routines and systems that work for them. Individuals are diverse; While some may be willing to work more than 70 hours a week, they do not equate long work hours with the only path to success or wealth.

Rich and successful are subjective terms. What enriches one’s life varies considerably among different people. Some people are happy with their jobs and don’t try to move up the corporate ladder because they know that a high salary can eat into their quality time with family or affect the hours they devote to their hobbies.

For those who prioritize a balanced, well-rounded lifestyle while striving for a meaningful career, here are some pointers:

Find what makes you happy

Traditional measures of success like earning a big salary or climbing the corporate ladder may not resonate with you. In that case, you need to find what makes you happy. Engaging in activities that bring you joy, such as attending dance classes or going on short vacations, can contribute to your happiness. Once you are aware of that, it becomes extremely easy to look at it and align your life around what you and your family choose, ultimately bringing you the most joy.

Not trying to keep up with others


It is natural to compare ourselves to others, especially in our immediate environment such as extended family members and neighbors. However, this comparison can lead to unnecessary stress, which may not be aligned with your goals. So, focus on your goals and what makes you and your family happy instead of trying to match your neighbors. Sure, there will be people who will love to point out all the things that are missing from your life, but stay strong!


Being thrifty Narayana Murthy

If you’re not interested in cultivating a side hustle or racing to the top of the corporate ladder but want to enjoy life, being frugal is essential. Being frugal means reducing your daily expenses in every possible way. This could mean cooking at home more often, canceling unnecessary subscriptions or slowing down shopping. You will be the best judge of what areas you spend the most and want to cut back on.

Avoid lifestyle inflation

As your income increases, the temptation is to upgrade your lifestyle accordingly. However, resisting this temptation and maintaining your current standard of living can lead to greater financial security and independence. This allows you to save more, reduce stress and free up more resources for the things that really matter to you.


More savings

When you are frugal, avoid expensive lifestyles and ignore your neighbors, you will automatically save more money each month.

You can use these savings to build an emergency fund, fund major future expenses, or toward early retirement. Let’s not forget that big savings will also help you focus on creating a life that aligns with your goals and provides peace of mind.

Proper asset allocation

The next step would be to figure out your financial goals. You may have some short-term and long-term goals. In this case, you will need to understand the risk you can take with your money.You may be a high risk taker, a conservative investor or anywhere within the spectrum. After that, you can diversify your investments across asset classes like equity and debt according to your financial goals, risk tolerance and time horizon. This can help optimize returns while minimizing risk.

Invest through SIP and increase it every year

A systematic investment plan is one of the easiest ways to invest in mutual funds and gain exposure to the capital markets. SIP is a disciplined way of investing and you can build wealth in the long run. You can increase your SIP contribution when your income increases, which can help you meet your financial goals and live the life you deserve.


In conclusion, everyone is different. Comments like these reflect on personal definitions of success and fulfillment. Aligning your personal and financial goals is essential to creating a rich and meaningful life for yourself. You can do that by living a frugal life, proper asset allocation and disciplined investing.

As of my last knowledge update in January 2022, there is no known familial relationship between Kumar Mangalam Birla and Narayana Murthy. Kumar Mangalam Birla is the chairman of the Aditya Birla Group, a conglomerate with interests in various industries, while Narayana Murthy is one of the co-founders of Infosys, a prominent Indian IT services company.