The definition of wealth for me everything I want can be easily accomplished without any obstacles.
everyone wants luxury but at least being able to share it with the less fortunate is something of perfection in life. Wealth is not measured by the amount of wealth but how to use the property.
Topic: How do you define rich? - page 3. (Read 3811 times)
For me, being rich is being able to fulfill whatever we like, but I'm sure not everything we want can be achieved, so we should be grateful. And the most important thing about being rich is always feeling enough with what we have, rest assured that the amount we have will never be enough if we are not grateful.
You may be rich and wealthy enough but there is this hungry associated with success. The more you achieve, the more you want to go higher. So, at a point, you may thought you are rich but the moment you compare your level with others, one may start feeling that he is only able to foot bills.
Wealth measurement is in the mindset of the people.
I don't really agree with saying that wealth is measured by the number of assets owned.
maybe I sound unrealistic because I say that because basically a lot of people are labeled as rich because it is calculated from the amount of their wealth, even Forbes magazine often writes about the 100 richest people in the world.
it's true if we talk in a more rational direction, people can be said to be rich because they have abundant assets but I don't really agree with this because for my measure, rich is freedom where we can freely do whatever and buy things we need freely even though For example, if we don't have too much money as long as we can buy goods or products that we like very freely and can still help others, it can be categorized as rich in my opinion.
At first I thought "being rich" meant that we had to have a lot of money in abundance but when I heard Misty Lynch, CFP Beck Bode say that being rich means having the ability to spend on things that reflect your personal values I started to realize and make my own definition of rich, which is that as long as I can buy the things I need, as long as I can help others without thinking about my finances and as long as I feel happy with the life I live, that includes being rich in my opinion.
maybe I sound unrealistic because I say that because basically a lot of people are labeled as rich because it is calculated from the amount of their wealth, even Forbes magazine often writes about the 100 richest people in the world.
it's true if we talk in a more rational direction, people can be said to be rich because they have abundant assets but I don't really agree with this because for my measure, rich is freedom where we can freely do whatever and buy things we need freely even though For example, if we don't have too much money as long as we can buy goods or products that we like very freely and can still help others, it can be categorized as rich in my opinion.
At first I thought "being rich" meant that we had to have a lot of money in abundance but when I heard Misty Lynch, CFP Beck Bode say that being rich means having the ability to spend on things that reflect your personal values I started to realize and make my own definition of rich, which is that as long as I can buy the things I need, as long as I can help others without thinking about my finances and as long as I feel happy with the life I live, that includes being rich in my opinion.
How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
For me Rich people are those who has Some money , but More friends and people wholoves them.Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Because Money is nothing if you are alone in this world.
Rich in Money nd rich and friend is much better to have.
Being rich is relative. You can have a certain amount of money and be "rich" in one part of the continent and poor in another. Its better to accumulate wealth in the long run so you don't have to worry about a retirement fund. Rich is when you don't have get up in the morning to a job you hate because it pays the bills. Stability and comfort is what rich means to me
That depends on the cost of living as well. In the developed nations, you can get a full meal for as little as $0.50. A rented apartment comes at $100 per month in the rural areas. Can you imagine anywhere in the EU or US having such a low cost of living? So I would say that earning $500 a week in the US is equivalent to earning $100 per week in India or Indonesia. And finally, you can ask everyone this question - would you prefer to be a poor individual living in the US, or an upper middle class individual living in India or Kenya? I am sure that 90%+ would opt for the first option.
Being rich is relative. You can have a certain amount of money and be "rich" in one part of the continent and poor in another. Its better to accumulate wealth in the long run so you don't have to worry about a retirement fund. Rich is when you don't have get up in the morning to a job you hate because it pays the bills. Stability and comfort is what rich means to me
True wealth is when we gather with the family we love even we don't have something such money or everything as long as we're happy with the one we love. But, some define rich as having an abundant possessions and especially material wealth which will give you name and became known. Being rich is simply having a lot of money or income. It is about when you don't have to be wake up early just to go to your work. But for me, being rich is having my family and be happy. Money cannot replace my time with my family. 
true wealth is when we can gather with the family we love because the most valuable treasure is family. it's useless we work hard and have a lot of money but we are far from our beloved family. I once worked outside the city because I was attracted by a big salary, but the big salary didn't make me feel rich. I feel that the money I get cannot replace my time with my family.
Being rich is relative. You can have a certain amount of money and be "rich" in one part of the continent and poor in another. Its better to accumulate wealth in the long run so you don't have to worry about a retirement fund. Rich is when you don't have get up in the morning to a job you hate because it pays the bills. Stability and comfort is what rich means to me
For me, I personally think that I don't need to think about eating and wearing at all. Can meet the needs of my family. After retirement, I can save a lot of money for my children and travel all over the country. This is the goal in my heart, and I am working towards it. Now I have gained more wealth through cryptocurrency. Whenever I understand the market seriously, I will make a little progress and get closer to my goal.
Being rich does not refer to how much money you have saved, but how you treat your life. In my opinion, a wealth of knowledge is really important. Knowledge enriches your life, knowledge will also drive your economy, learning is a lifetime thing, this is an indispensable wealth for people.
After experiencing some impressive things, I discovered that my ultimate goal is not the naive idea of owning a few cars. My family and my loved ones are very healthy. We eat together every day and have enough money to feed my offspring, I am very satisfied. One million bitcoins are beyond my ability and I cannot manage them.
Everyone has different ideas and may pursue different directions, but I think the most basic thing in the pursuit of wealth is to have an economic foundation. Otherwise, to pursue what you want, for me, I must first focus on material Satisfaction on the top, and then on the freedom to meet my needs.
The definition of wealth does not lie in your lack of money, but in your heart.
There are many billionaires, but they have more desires in their hearts. For humans, it is difficult to have no desires and desires. For people in a bad environment, they want more because they are too few.
Like owning 1,000 bitcoins or 1 million, to me it's all rich.
There are many billionaires, but they have more desires in their hearts. For humans, it is difficult to have no desires and desires. For people in a bad environment, they want more because they are too few.
Like owning 1,000 bitcoins or 1 million, to me it's all rich.
My understanding is "the more the better" D
When people's wealth reaches a stage, his thoughts are different, and he will never satisfy the status quo and complain about the status quo.
the richer the need the more and more, and continue to feel dissatisfied wanting to cultivate ambition that never runs out. the pursuit of wealth will never end. Rich is only a sight, because basically being rich doesn't make someone stop chasing.When people's wealth reaches a stage, his thoughts are different, and he will never satisfy the status quo and complain about the status quo.
In fact, there are various types of rich mindset depending on the person who defines their respective lives and the flow of their personal needs.
simple example: Person A sees person B as rich and lives a luxurious life, while person B sees person C as richer than him, and so on.
Based on this pattern, being rich is not a standard of living, but only social status in the eyes of the community, especially in terms of economy.
For me, the definition of wealth is never having, for example you have 1000 BTC or 1 million USD is never enough for the greed of every human being including me. Although I have a lot of money, even though I have assets that I can't use for a lifetime, I never let that money rest, money makes money, that's why everyone wants to get richer, it's never enough.
That sis true that even the billionaire's work everyday to make more money and then it becomes their status to remain that rich and keep making more money than others. Some may have 1 million in life and he/she may consider rich to themselves as their needs are limited and some may be multi millionaire still may not consider rich as they compare themselves to big billionaires.
so we can't compare one to another about that,
and the definition of rich for me personally is when I can fulfill my daily needs and can buy the things I want
~
Time is a scarce resource. The only resource scarcer than bitcoins. Being rich to me means having the luxury of choosing freely how to allocate your time: working, studying travelling, you name it.Chains are not for the rich people.
If you are concerned on how a rich person spends his time, just have a glimpse on a week of life with Elon Musk:
10 days with Elon Musk: How the 50-yearold billionaire spent his birthday week
In fact, I don’t want this world to have a clear definition of wealth, because I think unilaterally assessing whether a person is rich is very one-sided. Some people think that the family is happy and the children grow up happily and healthily as the greatest wealth, but some people think that the family is happy and the children grow up happily and healthily. People think that they are rich only if they have money that can’t be spent. Everyone shouldn’t be fascinated by money. Be yourself and make yourself happy. It’s enough to live the free life you want and be spiritually rich. Far more important than material wealth.
For me, the definition of wealth is never having, for example you have 1000 BTC or 1 million USD is never enough for the greed of every human being including me. Although I have a lot of money, even though I have assets that I can't use for a lifetime, I never let that money rest, money makes money, that's why everyone wants to get richer, it's never enough.
That sis true that even the billionaire's work everyday to make more money and then it becomes their status to remain that rich and keep making more money than others. Some may have 1 million in life and he/she may consider rich to themselves as their needs are limited and some may be multi millionaire still may not consider rich as they compare themselves to big billionaires.
Billionaires or even Trillionaires wont stop on making a business for them to earn more than that they have currently and when it comes on defining rich then it is someone who do have financial capacity on
buying things they do like or investing on things that they do like and since you are financially capable then that wont really be an issue for you to do so.
You can do all sorts of things as you like as long you do have funds to spend on and this is where everyone do really differ on status level.
For me, the definition of wealth is never having, for example you have 1000 BTC or 1 million USD is never enough for the greed of every human being including me. Although I have a lot of money, even though I have assets that I can't use for a lifetime, I never let that money rest, money makes money, that's why everyone wants to get richer, it's never enough.
That sis true that even the billionaire's work everyday to make more money and then it becomes their status to remain that rich and keep making more money than others. Some may have 1 million in life and he/she may consider rich to themselves as their needs are limited and some may be multi millionaire still may not consider rich as they compare themselves to big billionaires.
How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
I think the amount you need to live a comfortable "rich" lifestyle it heavily depends on the country that you live in. For example if you are in many European countries and invested your money wisely to receive a return on investment each year via owning company shares, you could work your way towards a 50k salary from having half a million without having to lift a finger. It might not be super rich territory but you could live care free on such a salary if you were able to get it tax free (via several government schemes that encourage savings such as ISA's in the UK). In America with all the risks I am not sure even $1 million would be enough to live comfortably for a whole life time - one bad hospital visit and they might try to drain your bank account dry.
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