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Old 10-05-2011, 07:30 PM   #1
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Define "Wealth".

Before someone gets cute and post the definition..

Quote:
wealth


1. a great quantity or store of money, valuable possessions, property, or other riches: the wealth of a city.

2. an abundance or profusion of anything; plentiful amount: a wealth of imagery.

3. Economics . a. all things that have a monetary or exchange value.

b. anything that has utility and is capable of being appropriated or exchanged.



4. rich or valuable contents or produce: the wealth of the soil.

5. the state of being rich; prosperity; affluence: persons of wealth and standing.
Define what you think wealth is and what it means to you.

Go.
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Old 10-05-2011, 09:00 PM   #2
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2. an abundance or profusion of anything; plentiful amount: a wealth of imagery.

that covers some what every thing.
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Old 10-05-2011, 10:03 PM   #3
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i think you should define wealth, since you're the one who knows what wealth is.
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Old 10-06-2011, 07:35 AM   #4
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i think you should define wealth, since you're the one who knows what wealth is.
I know what wealth is to me. I want to know what YOU think wealth is to YOU.
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Old 10-05-2011, 10:17 PM   #5
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its not just how much money you have its how much stuff you have liquid assets and all that stuff
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Old 10-06-2011, 12:11 AM   #6
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stuff
you could have a "wealth" of knowledge. just because you have "stuff" doesnt mean youre wealthy.
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Or you could have stopped being a lazy asshat and done some research.
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Old 10-06-2011, 04:05 AM   #7
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wealth = not broke
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Old 10-06-2011, 07:44 AM   #8
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what a stupid thread go define welath at school not zilvia where 90% of people dont have 50 bucks to there name
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Old 10-06-2011, 09:56 AM   #9
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what a stupid thread go define welath at school not zilvia where 90% of people dont have 50 bucks to there name
No one is starving here. No one is without the basics.

Our needs are overwhelmingly met to the point that all we have left are wants.

That's why we're on a forum dedicated to a very expensive hobby (even if you factor in cheap Chinese knockoffs) where people pour a ton of disposable income into something that will sell for a fraction of the price later on.
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Old 10-06-2011, 10:37 AM   #10
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Wealth is the point at which needs are immaterial and wants are nearly universally covered.

The point at which I consider a person to be wealthy typically starts at the $30 million mark and goes up from there.
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Old 10-06-2011, 04:43 PM   #11
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I think it would be shitty to be financially wealthy. If you could do or buy whatever you wanted then it would take the fun out of dreaming about one day owning this or that.
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Old 10-07-2011, 07:13 AM   #12
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I think it would be shitty to be financially wealthy. If you could do or buy whatever you wanted then it would take the fun out of dreaming about one day owning this or that.
You no longer have to dream if you can afford it.

Want a McLaren F1 as your next project car? Perhaps a S2 Elan coupe build? Maybe an M3 V8 in a '69 RS/SS Camaro?

I've met a lot of truly wealthy dudes who live bitchin' lives going places and doing things we just can't afford.

Also, kandyflip, is that your definition of wealthy?
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Old 10-07-2011, 11:02 AM   #13
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Quote:
Originally Posted by KA24DESOneThree View Post
You no longer have to dream if you can afford it.

Want a McLaren F1 as your next project car? Perhaps a S2 Elan coupe build? Maybe an M3 V8 in a '69 RS/SS Camaro?

I've met a lot of truly wealthy dudes who live bitchin' lives going places and doing things we just can't afford.

Also, kandyflip, is that your definition of wealthy?
Nope, lol. I just put it up to give some perspective. For me, living in America, and talking about finances, it would have to be at the point that bills and paying for other things no longer cause me stress.
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Old 10-07-2011, 11:05 AM   #14
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Quote:
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You no longer have to dream if you can afford it.
I guess it was more geared tword working to acquire it. It makes it that much better when you do get it. Or at least thats how I see it.
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Old 10-06-2011, 11:06 PM   #15
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Old 10-06-2011, 11:08 PM   #16
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fuhhhhhk




Wealth: is not giving a fuck
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Old 10-10-2011, 12:58 PM   #17
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i am 8% of the worlds weathy? :O
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i wanna be able to go outside and be like what car do i drive cause there all so awesome and just give up and go back to bed
1995 s14 240sx "Akuma"- RIP
1995 s14 240sx SE "Kintaro"
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Old 10-07-2011, 12:52 AM   #18
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That's pretty cool. Never sell it, you'll regret it.
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Old 10-07-2011, 07:32 AM   #19
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inner happiness
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Old 10-07-2011, 07:41 AM   #20
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Being surrounded by real friends, and the ability to buy things you want or need without ever having to worry about being able to afford it.

Money doesn't buy happiness but it buys things that can make you happy and provide life experiences and enrich yourself and others.

I believe life experiences are things that truly make you "wealthy."
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Old 10-07-2011, 12:49 PM   #21
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Thumbs up

To me, wealth is not having the stress or worry to get by week to week, or even day to day.

For example, my main financial goal in life, is to be able to afford MORE time to not be at work.

Of course I would probably spend more money on a car or material items. But being into cars more would allow me to go to more events, whether it be a local meet, or a track event, or even just meeting with a few close car buddies for lunch/dinner.

I am closer than ever to replacing my 9-5 job with the making my own money.(I have been investing in various markets for years)

Basically, wealth to me is being able to do more of what you WANT to do, rather than doing what you HAVE to do. Now that's not saying I just walk around and do whatever I want, whenever I want. But I think you get the idea
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Old 10-10-2011, 12:01 PM   #22
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.........

msglength

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Old 10-10-2011, 11:59 AM   #23
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This how I look at it:

Wealth = a combination of:
1. Lack of exposure (debt + overhead)
2. Cash flow
3. Cash reserves + value of all your property



Get #1 right first, you'll be safe
Get #1 and #2 down and you're getting somewhere
Get all 3 together and you begin to build wealth.
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Old 10-10-2011, 12:41 PM   #24
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Hmm...wealth...to me it is how tall I am while laying on my back.

I guess I am very wealthy.
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Old 10-11-2011, 06:20 PM   #25
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wealth is having more then you need, enough fulfill your wants

but wealth cant be quantified, i will never say this is too much money in my bank account
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Old 10-11-2011, 06:23 PM   #26
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Ultimate wealth is reaching all five steps of Maslow's hierarchical of needs.
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Old 01-16-2012, 09:34 PM   #27
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Quote:
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Ultimate wealth is reaching all five steps of Maslow's hierarchical of needs.
qft. I just don't necessarily believe that the order is the same for everyone nor do you have to fully satisfy one need to be able to fulfill the next one.
Also, Maslow's definition of self-actualization is unrealistic. To not only realize, but to REACH one's full potential?
I feel like self-actualization should be realizing that you can not reach your full potential, to know that there is no cap, to become a life-long learner, that one must always better themselves so that they can also better help others.

To have wealth is one thing, to know the joys of being able to share it with others is completely different.

I also think you must have an awesome datsun, some cool motorcycles, and a doggy.. preferably a corgi or jindo..
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Old 01-17-2012, 03:32 PM   #28
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RB Random but...

Well I'll just define the difference between wealthy people and rich as I see it.

Rich people have a lot of money. They might not have to work, but they usually get rich within their lifetime - lBill Gates, Steve Jobs, etc. Wealthy people come from money, and they get used to having anything they want. They only work to make a difference or to make a name for the family or for themselves, because money has no value to them. Think - race car drivers like Senna, Schumacher, Prost, most come from wealthy families, but they want to be the best at something. Wealthy people are not satisfied by money. They seek quality in life, not quantity. That's just my .......
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Old 10-11-2011, 07:05 PM   #29
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my def of wealth is - my daughter!i
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Old 10-15-2011, 07:04 AM   #30
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Definetly not my kid...however providing for him is...


I'd get sick in my soul if I couldn't provide...would have to hold up a bank
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