5 ms·
As someone wiser than me once said, true wealth is how long you can maintain your preferred lifestyle without working. By that definition, I've only met a hand
by wallflower 13y ago
As someone wiser than me once said, true wealth is how long you can maintain your preferred lifestyle without working.
By that definition, I've only met a handful of people who are wealthy.
Some people who I've thought are relatively wealthy have alimony, child-support, large mortgages on 2nd homes in nice coastal areas.
Even consultants I've met who have charged $10k/day (healthcare), they can't sit around and play golf - they go nuts.
The best passive income is selling something that improves people's lives in a small way (whether it be an entertaining iPhone game that connects friends for a game or a healthy meal planner that brings a family together for dinner).
- badman_ting 13y agoInteresting, but I'm not sure how much sense it makes to redefine wealth as a length of time. If your goal is to sustain a lifestyle without working, I can certainly see the appeal of that, but to me the standard definition of wealth is fine -- something along the lines of abundance of resources.
- wslh 13y agoAs someone wiser than me once said, true wealth is how long you can maintain your preferred lifestyle without working. I don't see it in that way because wealth is also about protection against risks. If a big economic crisis arises being wealthy gives you, in general, more weapons to defend you and your family.