Tuesday, November 18, 2008

What does it mean to be Rich?

By: Samantha Asher
Have you ever driven past a mansion, or at least a house much bigger than yours and thought, "oh, they're rich!" What makes them rich? Is it the huge house? Or maybe it's the Porsche in the driveway that gives it away. To you they are rich because they possess things of apparent wealth. A large house and a fancy car cost a lot, so they must have a lot of money in order to afford it.

Now what would you think if I told you that they actually had a mortgage on the house that they owed more on than the value of the house, they leased the Porsche, they had $100,000 in credit card and other debt, and they were continually going into debt further and further by $1,000 a month. Would you consider the rich now? In these situations you can easily see how someone can look rich on the outside and in fact be quite poor.

Either way you looked at it, the person who lived this life may not have been rich, depending on your definition of rich. When we think rich, we automatically think someone with a lot of expensive things and a lot of money, but have you ever thought of someone who has no debt, a paid off home, and a comfortable retirement savings put aside as rich? They don't live a wealthy lifestyle, but they could be considered rich because they are financially secure.

Then there is the thought of rich aside from money. Someone could be rich in friends, or rich in happiness. This type of 'rich' thinking sometimes sounds like a copout, but ultimately, being rich isn't everything. Whether you are rich because you have a lot of money or you are rich because you are satisfied with your life doesn't matter. Rich sounds like a positive word and you automatically feel you need to be rich. Contentment in your life should be what you strive for and happiness.

If you still want to wealthy and have a lot of money, you can always get a really good paying job, save every penny you make, invent something everyone must have, invest in the next big thing before it gets big, or try many other ways to get there. Good luck, and I hope you see the riches you've always dreamed of!

If you want to know how to become rich and want more infomration about saving, go to SavetoBuildWealth.info for more information.

No comments: