What is Wealthy?

Definition of Wealthy: What is “Wealthy”?

Well, many people don’t know the definition of “Wealthy”. In fact, most of the people have a false belief that, wealthy and rich are synonyms. But well, actually wealthy and rich both are different things. Wealthy is more richer than the rich.

Now, suppose if you open a dictionary than, the definition of wealthy will be like this, “Wealthy is a person who has an abundance of  valuable material possessions”.

Remember the word “Valuable” in the definition. The word valuable is very important to be defined as a wealthy. Only material possession is not called as wealthy. Many people consider themselves wealthy because they wear expensive clothes, watches, drive expensive cars and other branded things. Of course, they have abundance of material possession but these branded and high status things are not the valuable materials.

Here are the example of VALUABLE Materials -

- Investments
- Appreciable Assets
- Cashflow producing Assets
- Stocks
- Bonds
- Gold
- Real Estate
- Private Businesses
- Oil/Gas rights….etc…

Wealthy people are those who have any one, more or all of the above valuable material possession in abundance. These people are passionate about collecting valuable materials since very early stages of their lives and they have accumulated substantial amount of valuable things in their life.

These people are so much passionate about collecting valuable things that, they don’t even give prime importance to high status life style. While on the other hand, people who focus in showing high status life style collect expensive clothes, watches, cars & brand things. These people think that, they are wealthy because they have abundance of material possession but in reality, they are not. Because all of the things they possess are depreciating….!!!