What is True Wealth?

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What is True Wealth?


What is true wealth? What should you expect if you

reach the end of the gold paved road to financial

freedom?



If you have a million dollars, will you be satisfied?

What about 10 million? Is true wealth a numbers game

or do other factors enter into the equation?


Ebenizer Scrooge of Dicken’s The Christmas Carol

was very wealthy for his time, but before meeting the

three ghosts of Christmas past, present and future,

he lived a miserable life, too cheap to even heat his

own apartment.


Meanwhile his clerk, with his many children, was

portrayed as happy and loving - a great father.


Of course this is fiction, but is there any truth to

the story?


Many people will work incessantly trying to accumulate

more and more wealth, but a trite joke is that their

last words are never: “I wished I spent more time at

work.”


For some people the only answer to the question;

“What is true wealth?", is money pure and simple -

the more money the better.


Others would be content to say that true wealth

is having the peace of mind of being free of debt.


Another will say he is truly wealthy if he can lead

the lifestyle he chooses regardless of cost.


Others might say true wealth is being healthy and

surrounded by loving family and caring friends.


There are probably as many answers to this question

as they are people to answer it.


You could live in a big house on the hill, have two

Mercedes in the garage and a million in the bank and

not enjoy life as much as the guy who works in the

gas station and lives in a two room furnished apartment.


True wealth is what one perceives it to be. And if it

were not so, we wouldn’t have policemen, firemen and

soldiers who risk their lives protecting us rather

than trying to work on Wall Street, making big bucks.


We wouldn’t have doctors who travel to third world

countries, just to try to make some difference, rather

than to stay at home with a thriving practice and a

comfortable life.


We wouldn’t have all the volunteers this country has,

who are ready and willing to help the sick, infirm or

destitute – or who suddenly turn up at disaster scenes

willing to do anything to help.


This country wouldn’t have the millions of people who

donate billions of dollars annually to the charities

of their choice.


So even thought we concentrate on financial matters,

it’s good to step back and realize there is more to

true wealth than money.


I believe that having enough wealth to live a

comfortable life makes lots of other things possible.


I also believe that being in debt is merely

transferring your wealth to your creditors. While

it may make them, or their shareholders rich, it

really contributes little to your true wealth.


So my answer will be adopted from Mr. Spock’s

famous Vulcan greeting: “Live Debt Free and Prosper.”



Visit http://www.credit-yourself.com for information

on how to manage your personal finances and achieve

true wealth.

Source: http://www.ArticlePros.com/author.php?Chris Cooper

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    About the author

    Chris Cooper is a retired attorney. Aided by his wife Aileen, who has an MBA in Finance they endeavor to provide personal financial planning advice.
    For more personal finance articles, visit http://www.credit-yourself.com.

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