Money and wealth means a lot to human beings and it is essential for acquisition of such goods and services as rent, clothing, entertainment food and typically a wider range of other things that makes the life of a human being enjoyable (Broom, Jones & McDonnell, 1977).
It is common knowledge that when one is in a situation whereby he/she cannot meet and pay for the basic necessities then such a situation has been shown to negatively impact in wellbeing of the affected human race.
For the sake of this paper there is need to draw a line between being rich and wealthy. For one to be considered rich there is need for such individuals to exhibit certain characteristics which include having a balanced life in terms of spiritual, physical, emotional, intellectual, relational, sexual, financial as well as directional (Caldwell, 1995).