I’d say truth wealth comes from being surounded by a loving/supportive family, friends and community. All the money in the world wont make and keep you happy without that.

When you are lying in bed taking in your last breathes you’ll be thinking about that not your investments.

Wealthy is all relative. Someone making $100,000/yr and has $50,000 in the bank is very wealthy compared to the guy earning minimum wage and $100 in savings.

True, it’s all relative. I’m making six figures and have more than 50K in the bank, but I don’t feel wealthy. In fact, everytime that I go to the mall I feel that most of San Diegans is way wealthier than me.

I worked for a man in the early 80’s who was very determined to become wealthy. He talked about money and wealth quite a bit, and after much though he arrived at the figure of $20 million dollars in net worth as “wealthy.” He defined wealth as never having to worry about money again.

This was a very serious thing to him.

Of course, that was twenty plus years ago, so would you have to say $30 or $40 million now?

My former employer, by the way, has outdone himself, and is certainly worth more than $100 million now.

For me personally we have no debt except a year left to pay on our Saturn and a modest 15 year fixed mortgage. That makes me feel wealthy.

JS

“He talked about money and wealth quite a bit, and after much though he arrived at the figure of $20 million dollars in net worth as “wealthy.” He defined wealth as never having to worry about money again.”

I dunno…. sounds like this guy worried about making it so much that when he finally did, he probably worried just as much about keeping it, or making more.

I’d rather make a comfortable amount and enjoy life more, than focus completely on financial gain and enjoy life less during the process.

A distant relation claims her lifetime goal is to make five million dollars, then she will feel accomplished.

Meanwhile, she’s a total bore at our family get-togethers because her conversation is all about money… making it, keeping it, and what others are spending. She repeatedly asks what things cost (like when my brother bought a new car) which makes me wonder if she thinks dollars are the only indicator of quality.

The poor have little,
Beggars none;
The rich too much
Enough not one.

– Ben Franklin

When you can afford the lifestyle you want to live with the money you have WITHOUT having to work for it anymore, is the definition of wealthy……Its a sliding scale and everybody has their own lifestyles they'd like to live.