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Wealth is the state of being rich and affluent, having every resources needed to be comfortable and enough to share with others. Wealth could also be having in possession of many properties.
Wealth is broadly defined as an abundance of valuable poessession or money.Over the years the definition of wealth has generated so much curiosity and questions. A lot of different veteran investors, notable business owners , motivational speakers, idealists , academics have defined given different definition to wealth.
Buckminister fuller defined wealth as the ability of a person to survive so many numbers of days forward...
A notable business owner ;TONY was quoted by Charles Richards in his book titled ‘psychology of wealth’ define wealth as having what you really want in life.
These two definition are different from each other but still there’s an atom of correlation in them. Even though the yardstick for measuring wealth has changed over the time yet there’s a common denominator which is the desire to make life better.
From your understanding,How do you define wealth?
Well I believe investment can be regarded as asset and asset is a measuring tool for riches. However there’s certainly a thin line between rich and wealth. This thin line differentiates the two. Riches is defined as assets and valuables while wealth comprises of a lot More. I’m not trying to dispute your illustration about wealth I’m citing from my own point of viewI believe that wealth can be define as when you have chains of investment that are stable and giving you good profits... A lot of money in your bank account that even if 2 of your generation spend thrift it will not go down.... I don't think a million dollar as wealth because it can be spent in a month if it's not properly invested.
Everyone’s definition of wealth seems different and money seem to be the only similarity between all. However I beleive wealth encompasses more than money and asset. Though I can’t change your view about wealth but I can try to make you see from my own angle. Wealth is the combination money, power, fame, knowledge and health.Wealth definition is all the asset you own. Specific people, organizations, and nations are said to be wealthy when they are able to accumulate many valuable resources or goods. Wealth can be in form of money and other valuable assets
Practically, I define wealth as anything that comes in the form of assets and investments I venture into, as much as cash is wealth to me also. Wealth is also when none of my family is sick because that means we don't get to spend money on paying hospital bills or medicine. Wealth is when we are okay and we survive everyday.Over the years the definition of wealth has generated so much curiosity and questions. A lot of different veteran investors, notable business owners , motivational speakers, idealists , academics have defined given different definition to wealth.
Buckminister fuller defined wealth as the ability of a person to survive so many numbers of days forward...
A notable business owner ;TONY was quoted by Charles Richards in his book titled ‘psychology of wealth’ define wealth as having what you really want in life.
These two definition are different from each other but still there’s an atom of correlation in them. Even though the yardstick for measuring wealth has changed over the time yet there’s a common denominator which is the desire to make life better.
From your understanding,How do you define wealth?
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