Home › Forums › Financial Markets/Economics › What is wealth?
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February 17, 2010 at 7:41 AM #514805February 17, 2010 at 9:00 AM #513935briansd1Guest
[quote=Russell]On the other hand I know many who overspent on houses and maybe binged a bit on lifestyle, who are going to dig themselves out of the hole they made too kepping the upside down house. Some having amazing/admirable resolve.[/quote]
That’s our economy. You gotta do what you gotta do. Resolve comes out of adversity.
It’s much easier for a whole economy to dig itself out. It’s much harder individuals, depending on what stage of life they got underwater.
If a couple in their 50s got in over their heads, they don’t have much time to dig themselves out. Not if they have demands such sending kids to college and declining health.
It’s also amazing how many people have found spirituality. I’ve seen people in failed relationships quit the rat race to reflect on the purpose of life. They wander for a while then come back into the “mainstream”.
Understanding oneself and one’s own motivations is great “wealth” (but I still think that wealth is net worth and nothing more).
February 17, 2010 at 9:00 AM #514083briansd1Guest[quote=Russell]On the other hand I know many who overspent on houses and maybe binged a bit on lifestyle, who are going to dig themselves out of the hole they made too kepping the upside down house. Some having amazing/admirable resolve.[/quote]
That’s our economy. You gotta do what you gotta do. Resolve comes out of adversity.
It’s much easier for a whole economy to dig itself out. It’s much harder individuals, depending on what stage of life they got underwater.
If a couple in their 50s got in over their heads, they don’t have much time to dig themselves out. Not if they have demands such sending kids to college and declining health.
It’s also amazing how many people have found spirituality. I’ve seen people in failed relationships quit the rat race to reflect on the purpose of life. They wander for a while then come back into the “mainstream”.
Understanding oneself and one’s own motivations is great “wealth” (but I still think that wealth is net worth and nothing more).
February 17, 2010 at 9:00 AM #514506briansd1Guest[quote=Russell]On the other hand I know many who overspent on houses and maybe binged a bit on lifestyle, who are going to dig themselves out of the hole they made too kepping the upside down house. Some having amazing/admirable resolve.[/quote]
That’s our economy. You gotta do what you gotta do. Resolve comes out of adversity.
It’s much easier for a whole economy to dig itself out. It’s much harder individuals, depending on what stage of life they got underwater.
If a couple in their 50s got in over their heads, they don’t have much time to dig themselves out. Not if they have demands such sending kids to college and declining health.
It’s also amazing how many people have found spirituality. I’ve seen people in failed relationships quit the rat race to reflect on the purpose of life. They wander for a while then come back into the “mainstream”.
Understanding oneself and one’s own motivations is great “wealth” (but I still think that wealth is net worth and nothing more).
February 17, 2010 at 9:00 AM #514596briansd1Guest[quote=Russell]On the other hand I know many who overspent on houses and maybe binged a bit on lifestyle, who are going to dig themselves out of the hole they made too kepping the upside down house. Some having amazing/admirable resolve.[/quote]
That’s our economy. You gotta do what you gotta do. Resolve comes out of adversity.
It’s much easier for a whole economy to dig itself out. It’s much harder individuals, depending on what stage of life they got underwater.
If a couple in their 50s got in over their heads, they don’t have much time to dig themselves out. Not if they have demands such sending kids to college and declining health.
It’s also amazing how many people have found spirituality. I’ve seen people in failed relationships quit the rat race to reflect on the purpose of life. They wander for a while then come back into the “mainstream”.
Understanding oneself and one’s own motivations is great “wealth” (but I still think that wealth is net worth and nothing more).
February 17, 2010 at 9:00 AM #514844briansd1Guest[quote=Russell]On the other hand I know many who overspent on houses and maybe binged a bit on lifestyle, who are going to dig themselves out of the hole they made too kepping the upside down house. Some having amazing/admirable resolve.[/quote]
That’s our economy. You gotta do what you gotta do. Resolve comes out of adversity.
It’s much easier for a whole economy to dig itself out. It’s much harder individuals, depending on what stage of life they got underwater.
If a couple in their 50s got in over their heads, they don’t have much time to dig themselves out. Not if they have demands such sending kids to college and declining health.
It’s also amazing how many people have found spirituality. I’ve seen people in failed relationships quit the rat race to reflect on the purpose of life. They wander for a while then come back into the “mainstream”.
Understanding oneself and one’s own motivations is great “wealth” (but I still think that wealth is net worth and nothing more).
February 17, 2010 at 10:01 AM #514017NotCrankyParticipant[quote]
Understanding oneself and one’s own motivations is great “wealth” (but I still think that wealth is net worth and nothing more).[/quote]I agree, In a Merriam Webster sort of way. The first part can bring happiness peace ect. so has a huge value, but it can’t directly buy or pay for much of anything else of value.
The understanding of one’s motivations can make life much more “enriching”,economical, less demanding of fungible wealth, compared to say blind ambition, tunnel vision, pursuit of pipe dreams.
I think it is difficult to avoid having ethereal components creep into the answer to the question, ‘What is Wealth?”, even if technically it is wrong to mix them up.
The word “rich”, un-modified,connotates the possession fungible assets,which can be compiled to a “net worth”, more clearly to me.
February 17, 2010 at 10:01 AM #514163NotCrankyParticipant[quote]
Understanding oneself and one’s own motivations is great “wealth” (but I still think that wealth is net worth and nothing more).[/quote]I agree, In a Merriam Webster sort of way. The first part can bring happiness peace ect. so has a huge value, but it can’t directly buy or pay for much of anything else of value.
The understanding of one’s motivations can make life much more “enriching”,economical, less demanding of fungible wealth, compared to say blind ambition, tunnel vision, pursuit of pipe dreams.
I think it is difficult to avoid having ethereal components creep into the answer to the question, ‘What is Wealth?”, even if technically it is wrong to mix them up.
The word “rich”, un-modified,connotates the possession fungible assets,which can be compiled to a “net worth”, more clearly to me.
February 17, 2010 at 10:01 AM #514585NotCrankyParticipant[quote]
Understanding oneself and one’s own motivations is great “wealth” (but I still think that wealth is net worth and nothing more).[/quote]I agree, In a Merriam Webster sort of way. The first part can bring happiness peace ect. so has a huge value, but it can’t directly buy or pay for much of anything else of value.
The understanding of one’s motivations can make life much more “enriching”,economical, less demanding of fungible wealth, compared to say blind ambition, tunnel vision, pursuit of pipe dreams.
I think it is difficult to avoid having ethereal components creep into the answer to the question, ‘What is Wealth?”, even if technically it is wrong to mix them up.
The word “rich”, un-modified,connotates the possession fungible assets,which can be compiled to a “net worth”, more clearly to me.
February 17, 2010 at 10:01 AM #514675NotCrankyParticipant[quote]
Understanding oneself and one’s own motivations is great “wealth” (but I still think that wealth is net worth and nothing more).[/quote]I agree, In a Merriam Webster sort of way. The first part can bring happiness peace ect. so has a huge value, but it can’t directly buy or pay for much of anything else of value.
The understanding of one’s motivations can make life much more “enriching”,economical, less demanding of fungible wealth, compared to say blind ambition, tunnel vision, pursuit of pipe dreams.
I think it is difficult to avoid having ethereal components creep into the answer to the question, ‘What is Wealth?”, even if technically it is wrong to mix them up.
The word “rich”, un-modified,connotates the possession fungible assets,which can be compiled to a “net worth”, more clearly to me.
February 17, 2010 at 10:01 AM #514924NotCrankyParticipant[quote]
Understanding oneself and one’s own motivations is great “wealth” (but I still think that wealth is net worth and nothing more).[/quote]I agree, In a Merriam Webster sort of way. The first part can bring happiness peace ect. so has a huge value, but it can’t directly buy or pay for much of anything else of value.
The understanding of one’s motivations can make life much more “enriching”,economical, less demanding of fungible wealth, compared to say blind ambition, tunnel vision, pursuit of pipe dreams.
I think it is difficult to avoid having ethereal components creep into the answer to the question, ‘What is Wealth?”, even if technically it is wrong to mix them up.
The word “rich”, un-modified,connotates the possession fungible assets,which can be compiled to a “net worth”, more clearly to me.
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