Who Is Wealthy?
Posted on December 29, 2007
Filed Under Motivation |
Who do you consider to be a wealthy person? Wealth is actually relative. Some people consider themselves wealthy because they live in a very expensive house and have a few very expensive cars. Others may consider themselves wealthy when they do not have any debt.
Wealth is relative to the person’s perception of financial well-being. There is no hard and fast rule as to how much ownership of money or other resources defines wealth.
What is wealth to one maybe peanuts to another. The more pertinent point to consider perhaps is what financial well-being means to the individual.
It does not matter how people perceive wealth, there is no definition or criteria to wealth. Wealth is a personal thing, it is how you define it. Wealth to you maybe to be debt free, and living in a house with six bedrooms, or wealth to you is being able to put all your children through college. It does not matter.
No matter what wealth means to you, it is right. You should thus be thinking about building wealth to achieve your goal, whatever this maybe.
If wealth to you means having $1 million in assets, than that is the goal that you should strive for.
Your goal must be in line with your definition of wealth.
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