How do you define “wealthy”?
June 19, 2008
A comment on my post asking for guest posters got me thinking, someone called “Rich” said to get someone who is actually wealthy.
So, how do you actually define “wealthy”? Most people would probably say having a lot money means you are rich or wealthy. I made more money when I was working a 9-5 job together with my internet income, but I was always stressed and hated my job. I often felt sick in the stomach on Sunday nights when I thought of another five days of work.
I used to mark down the days on my calendar until my next vacation. I don’t earn so much now, but I feel so free everyday. I no longer dread Mondays or any other day. I have almost been able to eliminate everything in my life that I didn’t like doing. I can live everyday just as though I am on vacation.
I have some properties, earn passive income from the internet and the work I am doing now on my internet websites, does not feel like work at all. “Do something you enjoy and you will never have to work a day in your life”.
Material possessions for me are just extra baggage. Most people would look at someone with a big house, expensive cars and toys and say that they are wealthy. They probably don’t even think about the debt the person might be carrying on those possessions. Warren Buffet has lived in the same house his whole life and seems to live a very humble life.
So for me, wealth is the freedom to live how and wherever I like. To work as little or as much as I want without it affecting my lifestyle.
How do you define being wealthy?
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6 Responses to “How do you define “wealthy”?”
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Hie Mike,
We have previously exchanged some emails regarding a project of mine. Well, i’ve recently launched our new finance blogging portal and would love to discuss the possibilities of having you onboard as one of our contributors. We basically offer a platform for authors to promote their websites/affiliations by publishing their writings to the online aussie audience. Would love to get some feedback from you soon.
Cheers!
I’m not sure how I define wealth, or what wealth means to most people. But I do know that for many, being debt free with a steady stream of reliable passive income would feel very wealthy.
I will give more importance to money management and we need a perfect financial planner for that.
For me it is my personal finance magazine-’MoneyLIFE’.
It is empowering me to invest & spend wisely by offering hard facts, insightful opinions, wider options, useful tips from the world of money.
MoneyLIFE is an Essential Tool for Learning- Earning-Spending-Investing Cycle.
Financial wealth is spending less than you make and being able to do that without having to work.
I would say your definition of wealthy is just about right “wealth is the freedom to live how and wherever I like. To work as little or as much as I want without it affecting my lifestyle.” Wealthy to me also means quality of life, but it sure is wonderful to have money to do what you want when you want.
Hi! There has to be some really trusty affiliate marketing programs around like those of keywordspy.com or something. Joining is free and I think that’s pretty practical since some offers it with a price. I’ve tried it on my blog and I check my stats everyday and they give it accurately. I like that. Do you recommend any other programs to try?