Defining wealth comes down to you…and you alone.
The foundational question about MONEY is one that No One can ever agree
on:
How much is enough?
In our increasingly competitive world, some believe that money is the way we measure competence, success, even our worth as individuals.
It is not just wrongheaded. Since in a real sense, we should think about
sharing and giving. It’s Offensive!
Yes, we want and need things. It takes money to get them.
And the average household spends everything they make shouldering
enormous stress as they live paycheck to paycheck.
It’s easy for those of us with money – even if we were born into modest
circumstances – to forget what a struggle life can be without it.
Money can do great things and promote important causes. But it can also
dissolve business partnerships, cause friction between family and friends, and
end marriages. While it is no longer rare that anyone can make money, most
decide who is “rich” with a particular number: 1 million…or 5 million…or 30
million.
So, let’s get real. Wealth is not what you make. It’s what you own: real
estate, stocks, bonds, cash, gold and other financial assets.
How much you “Need” of course, is tied to where you live, the size of
your family, your monthly expenses, and your desire to travel or enjoy the
finer things in life.
“The Finer Things” are hardly necessities since many grew up without
them and including me, could comfortably live without them.
My belief is you’re wealthy if you have resources to live the way you
want to live.
Reality check:
When it comes to how much is enough, only your definition matters!
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