nkthen
Full Member
Cash: $ 9.90
Posts: 68
Joined: 16 Mar 2006
|
| What is Wealth? |
 |
|
Do you agree to this definition?
Wealth does not equal to big income
Wealth is the ability to survive many days forward without working
In short: Wealth = Money / Expenses
Which is also known as net worth.
Do you agree?[/u]
|
Thu Mar 16, 2006 4:06 pm |
|
|
JBendar
Senior Member
Cash: $ 49.60
Posts: 271
Joined: 22 Mar 2004
Location: Woodbridge, New Jersey
|
| What is Wealth? |
|
|
nkthen:
Thanks for the free pdf. In reference to your definition of wealth, you should have said income less expenses. There are many thoughts on wealth. Some equate wealth to money and being rich. This is not the case always. It is true most of the time. Wealth could be your frame of mind as well. There is a wealth of information at Money Talk. Does this make us rich? Everyone has their own point of view on this. IMO there is no definition of wealth that can fit all situations.
JBendar 
|
|
Thu Mar 16, 2006 4:25 pm |
|
|
nkthen
Full Member
Cash: $ 9.90
Posts: 68
Joined: 16 Mar 2006
|
To be more specific, the Wealth that I'm referring to is referring to money. Not figure of speech though. 
|
|
Thu Mar 16, 2006 4:33 pm |
|
|
thebeave
Preferred Member
Cash: $ 31.20
Posts: 198
Joined: 07 Aug 2005
|
I think there is also a big difference in wealth and being rich. If you live rich you will always drive new cars and have the big houses but never amass a good nest egg. If you live wealthy, you may not have the best things now but in the future you will come out way ahead of someone who lived rich.
The Wedding Experiment
www.interestinginvesting.com
Earn Money For Discussing Topics
|
|
Thu Mar 16, 2006 6:18 pm |
|
|
efflandt
Senior Member
Cash: $ 80.45
Posts: 401
Joined: 25 Apr 2005
Location: Elgin, IL USA
|
I have not read his books, but Robert Kiyosaki was on PBS. He said wealth is when you have assets that generate enough self sustaining income to cover your expenses and liablities. Like muneepenee says, more time.
You build wealth by having income > expenses + liabilities, and putting the surplus into assets that generate income.
|
|
Fri Mar 17, 2006 3:50 am |
|
|
nkthen
Full Member
Cash: $ 9.90
Posts: 68
Joined: 16 Mar 2006
|
It's nice to see different people with different views on wealth.
That's good knowledge to everyone.
|
|
Mon Mar 27, 2006 11:16 am |
|
|
|
