A Personal Definition for Wealth
Rethinking Wealth When we think of wealth, the image that often comes to mind is an extravagant amount of money, a figure so large that it’s hard to even comprehend. But what if wealth isn't solely about having more money than you know what to do with? What if it’s not about money at all? By rethinking what wealth means to you personally, you might discover that attaining it is more feasible than you ever imagined. The textbook definition of wealth is "an abundance of valuable possessions or money." But let's delve deeper into this concept by examining two fundamental questions: 1. What is abundance? 2. What are valuable possessions? Understanding Abundance Abundance is defined as a very large quantity of something, but what constitutes a "large quantity" is entirely relative. For someone who grew up in poverty, an abundance might be $48,000 a year, the median American salary. For someone from an upper-middle-class background, it might take millio...