How Rich Is Rich - Wealth Is A State Of Mind Or Is It?
How wealthy should a person be to be considered financially
self-reliant? This is a difficult question to answer. Two
people who have the same financial status in life are likely to
disagree on what defines true wealth. Obviously, we can expect
an even grater difference in the opinions of two people of
dissimilar financial status.
How do we define “rich?” Common answers might include: Having at
least a million dollar net worth, being totally debt-free, living
a chosen lifestyle, owning a house and landscaping it or running
a flourishing business, affording to take several trips a year,
buying desired luxuries, and being able to give to charities.
You can appropriately consider yourself to be financially
self-reliant when your income exceeds your expenditures, and your
asset values stay ahead of inflation rate. But there is no
definitive line that divides the rich from the financially
stable. Wealth, after all, is in the eye of the beholder. Some
people even value health as wealth. For others, spiritual wealth
might be their priority.
For the wealthy, there never seems to be enough wealth. Their
goals continue to grow in direct proportion to their pocket
books. Wealthy people generally continue to pursue growing
assets, and their ability to generate income does not retire when
they do. They make intelligent financial decisions that allow
their money to work for them.
Financial knowledge is even better than money. To prioritize
money over financial knowledge is to put the cart before the
horse. True wealth is a state of mind. Continuously pursue
updated financial thinking, and there will never be a hole in
your pocket.
Michael Benifez demonstrates the financial advantages of
landscaping in his article
How to Increase Property Value where you can find an every
growing library of landscaping advice online at www.Plant-Care.com everyday.
Tags: financial, house, rich, wealth
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