What is the meaning of wealth? Picture a wealthy person and what do you see? A big house and exotic cars? An extravagant lifestyle and travel to spectacular places around the world? That sounds more like the definition of rich. Being rich is different than being wealthy. For many people, wealth is time. Being able to spend time with family and friends. The freedom to travel without worrying about how many vacation days you have saved up. Having the time to learning to speak a new language or to play an instrument. But wealth is also money. Having enough money to put your kids through college, to retire comfortably, and to leave an inheritance to your children.
A definition of Wealth
The definition of wealth is the number of days you can survive without physically working (or anyone in your household physically working) and still maintain your standard of living.
For example, if your monthly expenses are $5,000 and you have $20,000 in savings, your wealth is approximately four months or 120 days. Wealth is measured in time, not dollars.
So according to Kiyosaki wealth isn’t just a large amount of money. It’s how much money you need to have to maintain your current lifestyle without working to make that money. According to his definition of wealth, how wealthy are you? If you were to quit (or lose) your job tomorrow, how long could you maintain your current lifestyle before you had to get another job? For many people, that’s probably a month or so, if not weeks or even days.
If we follow that definition it sounds like we need a big chunk of money in the bank. If you need $5,000 for monthly expenses and you don’t want to work for the next year, then you need to have $60k in the bank.
But what if you had an online business that made money whether you actively worked on the business or not? What if you could build an online business that made enough money to cover your $5k of monthly expenses with enough left over to put into savings or invest? What if that business made money while you slept, or played in the park with your kids, or while you were traveling across the country? This kind of passive income is also wealth because it’s generating the income you need to maintain your lifestyle.
Building a business like this doesn’t happen overnight. It takes time, dedication, and persistence. You’ll have successes and failures along the way. But with the right tools and good support network, you too can achieve this goal. In my opinion, the Super Affiliate Network is one the best online communities to learn the skills you need to build a successful online business. You may not become a millionaire, but I think you would be truly wealthy because your time would be your own, and not someone else’s. The Super Affiliate Network provides the tools, training, and community support that can help you build your own successful online business.
So, what does wealth mean to you?
I want to know what you think. What is the meaning of wealth to you? Do you have the dedication to achieve your definition of wealth? Please leave a reply below.