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Author Topic: What does being rich mean in your perspective?  (Read 1289 times)
JeffBrad12
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October 24, 2023, 11:48:40 PM
 #61

being rich simply means we are not burdened by debt and still have plenty of money life that we can use for many things we want, basically you just don't worry about something like financial crisis anymore.
you have plenty money that fulfill your basic needs and also you can afford some luxury lifestyle even a little bit, being consumtive a little bit won't make you broke, thats what i call rich.
though it might be relative for many people one would consider having hundred millions of dollars as rich.
the other might consider having 5 million dollars already rich, but really it depends on the place you're living in and also the price of goods and property relative to your place.
but i will have my own target of reaching multi million dollars in wealth, that i would consider well off.

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October 25, 2023, 01:43:49 AM
 #62

Being wealthy isn't just about possessions; it contributes to more than 50% of my current happiness. I find great joy in having the means to relish my freedom. To me, "rich" is a state where I can freely choose what I want to eat today and travel anywhere without worrying about money. It's the liberty to explore new horizons and embrace boundless possibilities without limitations. That's my unique version of richness.

Have you ever heard of a big-shot CEO who can't savor shrimp or red meat on the advice of a doctor due to cholesterol issues? It's a paradoxical situation, even though they have ample wealth, they can't enjoy these simple pleasures. It feels remarkably confining, not being able to experience freedom when wealth is in hand.

As I mentioned, it takes money to attain that kind of freedom. And it doesn't mean I need billions of dollars; I'm afraid to accumulate that much wealth because I still crave challenges to make the world an exciting place.  Grin
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October 25, 2023, 01:54:54 AM
 #63

being rich simply means we are not burdened by debt and still have plenty of money life that we can use for many things we want, basically you just don't worry about something like financial crisis anymore.
you have plenty money that fulfill your basic needs and also you can afford some luxury lifestyle even a little bit, being consumtive a little bit won't make you broke, thats what i call rich.
though it might be relative for many people one would consider having hundred millions of dollars as rich.
the other might consider having 5 million dollars already rich, but really it depends on the place you're living in and also the price of goods and property relative to your place.
but i will have my own target of reaching multi million dollars in wealth, that i would consider well off.
Cash, cash, cash! I think it's wonderful. I must admit, I'm impressed by the clarity with which you express what having money means to you. That's the dream: living without debt, being free to do as you like in life, even treating yourself a bit without worrying about becoming bankrupt

You have now set your sights on the multi-million dollar range. Huge goals! Love it! But let's be clear: having a lot of money isn't the only indicator that you're wealthy. The worth of that money is at issue. $5 million in a tiny town and $5 million in New York are not the same thing. Location, location, location—that's everything

But here's my suggestion: don't only concentrate on the ultimate result. Have fun on the voyage. Make wise financial decisions, assemble a top-notch team, and maintain knowledge at all times. And keep in mind that, although money is nice, the true wealth is found in the experiences you acquire and the memories you forge. So go forth, follow your heart, and succeed! Think big, dream large, and live big is something you should always keep in mind

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October 25, 2023, 03:28:28 AM
 #64

It's one of question which differs from person to person. How do you define richness?

Like People buy Bitcoin, see the price increase, and feel like they are getting rich quickly..

These are all true feelings and obsessions.

This world is strange. Grin Grin

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October 25, 2023, 04:03:44 AM
 #65

It's one of question which differs from person to person. How do you define richness?

Like People buy Bitcoin, see the price increase, and feel like they are getting rich quickly..

These are all true feelings and obsessions.

This world is strange. Grin Grin
That's true, and I think it's very strange even.  Grin
Everyone will feel rich at different times, and there is no specific definition of what rich is, because in my opinion rich is an achievement that has been achieved and appreciated by oneself, that is the work of our brain when we feel happy.
each person will be different of course, if we measure it with money, then it will be endless.

And when you feel rich when the price of Bitcoin increases, maybe I also experience the same thing. lol

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October 25, 2023, 04:24:04 AM
 #66

Simply that you don't stop doing anything you would like to do because of lack of money. Keep in mind that this is relative, because if you have aspirations like buying an island or a yacht and filling it with models to accompany you, it will cost you much more to feel rich than if you have more mundane aspirations. Things like there are a few days left until everyone gets paid and if you feel like buying clothes, filling up the tank and inviting your girlfriend to dinner can be part of that feeling of wealth.

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October 25, 2023, 04:31:45 AM
 #67

I always prefer to stick with those less materialistic ways of defining richness. I'm a hypocrite if I don't admit that I'm running after money in one way or another, but I'm still convinced that beyond material possessions, it should be the genuine feeling of comfort and satisfaction that count more.

Of course, a man who has $1 million is richer than one who only has $1,000, I admit that, but that's definitely not everything there is to it. A man who lives in a mansion, has a private jet, a yacht, and so on but whose mind is constantly occupied with thoughts of how to make more money because he badly needs to buy that resort in the Bahamas or that island in the Carribean, or that latest private jet in the market, and so on could be living a harder life than one who is living simply in the farm and who cannot anymore think of anything that he needs.

I know of individuals who have much more money that many others but who cannot seem to stay at ease because they've got so much expenses and so much to buy. It seems they're living a poorer life than those who don't have much beyond their simple yet decent living but who are very much satisfied and can sleep soundly seconds after lying down.

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October 25, 2023, 04:33:59 AM
 #68

It's one of question which differs from person to person. How do you define richness?
                                                   Having family around me that shows how they love me , Having officemates that  also
 shows How they are supportive in our field , having Social media group friends that always there to assist me in every queries
 I have? and also having Investments in crypto and some in banks that enough to sustain my family for years are more than
 enough for me to be called as richness.
                          
                                                    While Others sees this that about asset and money they have, but remember that we
 cannot bring our Money,gold and assets when we are dead, so better to be rich in everything that will make your happiness
 worth a living than those you can only Hold while alive but will be gone when dead.

Simply that you don't stop doing anything you would like to do because of lack of money. Keep in mind that this is relative, because if you have aspirations like buying an island or a yacht and filling it with models to accompany you, it will cost you much more to feel rich than if you have more mundane aspirations. Things like there are a few days left until everyone gets paid and if you feel like buying clothes, filling up the tank and inviting your girlfriend to dinner can be part of that feeling of wealth.

                                                  Means one thing mate, that richness cannot be define depending on how one look on it
 But this is a universal outlook , some can be simply rich while others needs to be luxurious and that is the fact.

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October 25, 2023, 05:07:47 AM
 #69

It's one of question which differs from person to person. How do you define richness?

To me, mental peace and having a happy and healthy family is a success. Spend quality time with your family because, at the end of the day, these will be the only memories which you will cherish. Be a supportive husband and a fun dad. Enjoy the time with your kids while you still can. You should be satisfied with whatever you are doing. Life is not a race or something; take your time and enjoy every passing moment. Live in the moment.

Money is not everything in life. If you consider success as having a lot of money and buying fancy outfits, cars and luxurious items, you are living in a fool's paradise.

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October 25, 2023, 05:11:47 AM
 #70

I always prefer to stick with those less materialistic ways of defining richness. I'm a hypocrite if I don't admit that I'm running after money in one way or another, but I'm still convinced that beyond material possessions, it should be the genuine feeling of comfort and satisfaction that count more.

-snip-

I know of individuals who have much more money that many others but who cannot seem to stay at ease because they've got so much expenses and so much to buy. It seems they're living a poorer life than those who don't have much beyond their simple yet decent living but who are very much satisfied and can sleep soundly seconds after lying down.

I couldn't agree more with you. To me richness in life has to do with freedom, both financial but also mental. If you have millions but you have been educated to need more no matter how much you have, you will always be a slave.

On the other hand, happiness has to do with material resources, because the lack of them leads to suffering and both concepts are exclusive. But once you get enough to live (the base of Maslow's pyramid), it has more to do with your values and beliefs.

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October 25, 2023, 09:42:32 AM
 #71

It's one of question which differs from person to person. How do you define richness?
However, depending on what someone is talking about, there are various characteristics that can be used to characterise wealth or richness. I believe the original poster intended to refer to financial wealth, however wealth can simply be defined as having anything in abundance, whether it be materially, monetarily, or in any other way. The definition of wealth varies from person to person because various people interpret it differently, but for me, being wealthy is having enough money to meet one's necessities and wants without actually worrying about how much money one has spent. A person is wealthy if they are comfortable, have peace of mind, are able to afford anything they want, have access to properties, money, and other exceptional things.

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October 25, 2023, 09:54:53 AM
 #72

It's one of question which differs from person to person. How do you define richness?

Like People buy Bitcoin, see the price increase, and feel like they are getting rich quickly..

These are all true feelings and obsessions.

This world is strange. Grin Grin

Lol... Well everything can blow up in their face just when they think the bull run will continue the next 24 hours, weeks or months but before you say jack, the next our comes the unannounced retracement until you see you have gone back to where you came in from. That was what happened last bull and might repeat again for some wanting to hodl to riches.

Anyway, rich is the known and established status not the process  ongoing waiting for bull run. However, people who can afford what they want at any point classify themselves as rich.

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October 25, 2023, 10:18:32 AM
 #73

Being rich means wealth in terms of having a lot of money and assets. Being able to earn six figures or above in a year, owning multiple businesses, owning cars, and having a big house where you can live comfortably. It also means providing yourself with everything you want, like you can buy everything around you. Every material possession you think brings you happiness.

Always remember, the meaning of being rich depends on the status of a person or how they see life. It may be about having a lot of money, or about having connections with people around you and experiencing the joy, happiness, and fulfillment of your life.


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October 25, 2023, 10:27:13 AM
 #74

It's one of question which differs from person to person. How do you define richness?

In my perspective, rich is someone who has succeeded in achieving financial freedom and has also succeeded in achieving all his/her dreams directly. btw, I also once asked my partner what his definition of rich was, he said the definition of rich from his perspective was having a complete family, having a big influence and contribution to many people, especially those who really need help. For most people, rich has different definitions, some even define rich as having no debt at all.



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October 25, 2023, 10:56:26 AM
Merited by fillippone (1)
 #75

Being rich means wealth in terms of having a lot of money and assets. Being able to earn six figures or above in a year, owning multiple businesses, owning cars, and having a big house where you can live comfortably. It also means providing yourself with everything you want, like you can buy everything around you. Every material possession you think brings you happiness.

Always remember, the meaning of being rich depends on the status of a person or how they see life. It may be about having a lot of money, or about having connections with people around you and experiencing the joy, happiness, and fulfillment of your life.

Your views and opinions are okay but to me I feel being rich isn't only about having lots of money and assets but the ability to employ people in an industry or an establishment in other to  enhance your business and also to create a platform for people to earn a living through your establishment.

It is important for us to know that no matter how rich and wealthy someone is without people benefiting from you through establishment that will bring about employment opportunities to people, then you are only wealthy to yourself and your family as your wealth isn't circulated.

Now for instance, Aliko Dangote who is the Richest man in Africa has some establishment such as the Dangote groups that has aided lots of individuals to benefit and be employed so these are things that needs to be considered when naming people who are rich and wealthy, not some kind of selfish individuals that only thinks about their personal interest and opinion. As in the number of labour force that is working under your company or industries should also be put into consideration.

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October 25, 2023, 11:01:03 AM
 #76

It's one of question which differs from person to person. How do you define richness?

In my perspective, rich is someone who has succeeded in achieving financial freedom and has also succeeded in achieving all his/her dreams directly. btw, I also once asked my partner what his definition of rich was, he said the definition of rich from his perspective was having a complete family, having a big influence and contribution to many people, especially those who really need help. For most people, rich has different definitions, some even define rich as having no debt at all.
Everyone has their own way of interpreting that someone has become rich, some say they must have a lot of money and others must also have an intact family. But in my opinion, someone who has become rich will of course be able to easily get whatever they want and they can do anything with the wealth they have and also everyone who is rich will of course be able to easily help people who need their help.

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October 25, 2023, 11:05:08 AM
 #77

Individuals ideology on this subject differs, for any person to be classified as a rich person, I think you ought to have grown to an extent financially, not necessarily in your physically currency but in net worth.
If am to say a person is rich, first of all his investment in different sectors or diversity should come first.
If you can afford almost everything you desire without much stress, I can say that you are rich because being rich lessens the stress an individual encounters in the pursuit for whatever they want at any time.

.
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October 25, 2023, 12:34:59 PM
 #78

It's one of question which differs from person to person. How do you define richness?
You've got a peace of mind and you've got no problems with whatever you want to purchase. You've got assets coming from appreciating assets up to the generating income assets. I think that you get what I mean with that because aside from having money, you're also having your sanity being preserved. There's nothing better today than having a peace of mind. You may have all the riches in this world and yet you can't sleep like a baby because of all the stress that you're thinking everyday coming from your job, from your business, from your family and from anything that will give you that trouble that will just consume your energy, your peace and even money.

IMHO, what I like in modern day is we've got our own definition of being rich. And that's the beauty of the differences of our minds. Majority will tell that everything is all about money, money and money and I won't argue with that because we all need it. But having the other description from others of what is richness to them is interesting and I'm sure like mine about having a peace of mind and as well as having no trouble having money is a combination that we're all wanting.

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October 25, 2023, 12:54:22 PM
 #79

It's one of question which differs from person to person. How do you define richness?
Rich in my point of view is a condition where we feel enough with what we already have. Which means we are satisfied with the achievements we have obtained. A healthy and strong body and soul. And we no longer worry about income. Because sometimes being rich can't only be measured by the number of assets we have. But also in other things such as health and morals. Because there are many out there who have a lot of wealth but have not found peace in their lives. Because he always feels lacking in what he already has.
But if we narrow the perspective of being rich only in financial matters then that means we already have financial freedom. Because for me, people who don't have financial freedom cannot be said to be rich people.

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nara1892
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October 25, 2023, 01:01:17 PM
 #80

Simply that you don't stop doing anything you would like to do because of lack of money. Keep in mind that this is relative, because if you have aspirations like buying an island or a yacht and filling it with models to accompany you, it will cost you much more to feel rich than if you have more mundane aspirations. Things like there are a few days left until everyone gets paid and if you feel like buying clothes, filling up the tank and inviting your girlfriend to dinner can be part of that feeling of wealth.

Of course everyone will have their own sensation in terms of satisfaction, and they will do something that will give them the sensation to confirm that they are rich people, as you said and maybe there are some of them who will spend large amounts of money to buy islands or yachts, none other than that they do just to confirm and admit to themselves and also maybe to others that they are not ordinary people.

The point is that the feeling will come back to each individual's high or low satisfaction, because after all there are also many who are rich but live quite simply and not excessively. This is quite related to the pride that exists in that person too, and if they are one of those people who are always simple in life even though they are rich then maybe they will only confirm to themselves about the wealth they have, because real wealth does not always have to be known by many people.

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