I think your definition is better but not quite complete. You could be able to do those things before you have become wealthy. If you have 100k in the bank, you

I think your definition is better but not quite complete. You could be able to do those things before you have become wealthy. If you have 100k in the bank, you are starting to be well-off and can afford to do those things, but you are still one bad accident or one bad year away from having to start all over again. So what I would add to your definition of wealth is how much of those things you can afford. Meaning, being wealthy means being able to cover emergency medical care for your family with cash and never even noticing that the cash is gone.