What is Wealth?

7 03 2012

What is Wealth?  Ask yourself this question and think about it.  Don’t just jump to the obvious answer and use it, think about the deeper aspects of wealth.  Most people when asked this question would answer “money,” “possessions,” “excess.”   While to an extent I would agree that those are pretty decent answers, I also would have to disagree.  Here is why!

Example 1:

A CEO of a large company is going to be “wealthy” in the terms listed above, but is he really, truly wealthy?

Let’s say a CEO works on average anywhere between 60-120 hours a week.  They are pretty much tied to their jobs, and are held accountable for any and all mishaps that their business might stumble into.  So if what you are looking for in life is a lot of money, with a little time to spend it this could be what you would want to strive to become.

Example 2:

A Professional Athlete.  This is many kids childhood dream, but is it all just fun and games?  The average incomes for pro athletes are all over the board.  You have the average Women’s Golf Pro in the $160k range up to the average NBA player around $5 million.  Athletes practice, yes I said practice around 40 hours a week, and then pile on the film watching, charity events, etc.  The job once again is very demanding, and your career could be cut short with one injury, or you might have to move your family due to trades etc.  They might make big bucks, but I don’t feel like they are wealthy!

Example 3:

A Teacher.  Wait a minute, we all know teachers don’t get paid anything!  Elementary teachers get paid around $60k a year.  College Professors get paid around $81k a year.  They are dealing with the future of mankind, and with that comes a lot of pressure.  But, they also get to enjoy watching minds be set free and reach their potential.  So are teachers not as wealthy as the other’s listed above?

Those are a few examples I came up with, and that brings me to my final thoughts.  For my first post on this site, I would like to explain my definition of wealthy.  In my mind, there is a perfect medium that must be achieved in order to consider yourself wealthy.  The factors that I feel play a role are time, money, health, & happiness.

Time:  If you are making the big bucks, but don’t have any “free” time to enjoy the money you are earning…….is it worth it?  Do you have time to spend with your greatest asset of all, your family?  If not, I don’t consider you wealthy!

Money:  Do you have enough to just make ends meat, or do you have so much that you couldn’t spend it?  If we can come to terms that we don’t need all the money in the world, we will be better off.  Enough money to buy the things you need and some of the things you want, I think would be considered wealthy.

Health: This is pretty obvious, without health we have a dimmer look on life and can’t be wealthy.  So health is one of the key factors to being truly wealthy.

Happiness:  Does money buy you happiness?  Nope, sorry!  But you combine the items listed above, time to spend enjoying life.  Money to spend on time to enjoy life, and last but not least the health to enjoy the money and the time, will bring you to the ultimate prize of “Wealth” which is happiness!

This is what I am going to be talking about on this site.  How to achieve happiness by controlling your own life and reaching goals that you set for yourself.



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