So rich and yet so poor
How does one define wealth ?
Its really not that simple.
I spent the weekend in Northern Virginia with a good friend of mine.
And we got to talking about money and how much is enough. And the only conclusions seems to be that nothing is enough !
It almost seems that the more one earns, the more the person gets into debt. And to give you a real life example, there is this family I know - Dad's a doctor and is raking in the dough - Million dollar home, 5 luxury cars (even their 16yr old daughter has an Acura), cool electronics etc ... Pretty wealthy you would think, right.
Well, the guy is broke for all practical purposes - I probably have more cash than him. And I have the luxury of quitting my job at any time and going on a round the world tour. He doesnt - He has three kids in expensive schools and pays 100K a year on their college tuition alone. If he quits/loses his job, what happens then ?
I believe that money is good, if used rightly. I guess its just a matter of staying level headed and purchasing things that you need and then ensuring that the situation is that you own your possessions and not the other way around. I want to earn a billion dollars and live on a million a year. Hmmm.
Its really not that simple.
I spent the weekend in Northern Virginia with a good friend of mine.
And we got to talking about money and how much is enough. And the only conclusions seems to be that nothing is enough !
It almost seems that the more one earns, the more the person gets into debt. And to give you a real life example, there is this family I know - Dad's a doctor and is raking in the dough - Million dollar home, 5 luxury cars (even their 16yr old daughter has an Acura), cool electronics etc ... Pretty wealthy you would think, right.
Well, the guy is broke for all practical purposes - I probably have more cash than him. And I have the luxury of quitting my job at any time and going on a round the world tour. He doesnt - He has three kids in expensive schools and pays 100K a year on their college tuition alone. If he quits/loses his job, what happens then ?
I believe that money is good, if used rightly. I guess its just a matter of staying level headed and purchasing things that you need and then ensuring that the situation is that you own your possessions and not the other way around. I want to earn a billion dollars and live on a million a year. Hmmm.
Comments
Sneha, this was just my perspective, but as far as I am concerned, for me being wealthy means I dont have to think about money, either by being very very rich or by leading a simple life, preferably the former ;-)