I consider anybody who has all of his/her expenses covered by passive income (assets) to be wealthy. In other words, if you still have to work to cover your exp

I consider anybody who has all of his/her expenses covered by passive income (assets) to be wealthy. In other words, if you still have to work to cover your expenses then you are not wealthy. And of course the more expenses your passive income (assets) can pay for, the wealthier you are.