The definition of being wealthy

[Bunk]

I'm not sure what terms I'd use to define them but I have a couple of benchmarks for wealth in my mind. First is being able to live comfortably off the interest on your cash without touching the capital. The next step up is being able to live off the interest on the interest so your capital is still growing and you're living comfortably.

[EternalOptimist]

If the castaway is healthy and has the strength and skill to make use of his surroundings, he can build a shelter, provide himself with water and food, some basic home comforts and some amusement to pass the time. He would have no use for money, unless some floating shop passes by regularly. Given health he can explore his environment and learn more about what it offers.

My hamster is wealthier than me. he is healthy, has his little wheel, never ending supply of water and food, and security.

I suppose none of here are castaways, So we have to rely on the social indicators. If you are so far up the tree that you are piddling down on more people than are piddling on you, you are wealthy.


dum de dum de dum de dum. de dum.

[Spacecadet]

I always thought that the definition of wealthy was to have enough money to be able to generate an income from that money without having to work.

Summed up with the phrase
A true gentleman has no discernible source of income

[gingerjedi]

My hamster is wealthier than me. he is healthy, has his little wheel, never ending supply of water and food, and security.



dum de dum de dum de dum. de dum.

In his world you are god, as long as he keeps you happy by running on his little wheel the food and water keep coming.

You have great responsibility.

[Mich the Tester]

In his world you are god, as long as he keeps you happy by running on his little wheel the food and water keep coming.

You have great responsibility.

Does EO's hamster run on his little wheel to please the almighty EO, or to divert himself from the tedium of living in a cage?

[Jog On]

I'm not sure what terms I'd use to define them but I have a couple of benchmarks for wealth in my mind. First is being able to live comfortably off the interest on your cash without touching the capital. The next step up is being able to live off the interest on the interest so your capital is still growing and you're living comfortably.

WHS

I always thought that the definition of wealthy was to have enough money to be able to generate an income from that money without having to work.

Summed up with the phrase
A true gentleman has no discernible source of income

WHS

'Financial freedom' is a popular term bandied about. Another is 'work optional' where you can choose to work, what work you do, when and on your own terms while your investments/assets provide a comfortable income whilst growing regardless of how you choose to spend your time.

I read a book a couple of years ago called the 4 hour workweek which starts with an interesting example.

Person A works a 60 hour week for a six figure income

Person B works 4 hours a week from wherever they want in the world and earns ~ £25k

Who's wealthier?

For me - wealth is financial freedom and the time to enjoy an abundant lifestyle with no worry about it running out or stopping if I stop 'working'.

[EternalOptimist]

Does EO's hamster run on his little wheel to please the almighty EO, or to divert himself from the tedium of living in a cage?

I allow my people to have free will. A Gods wealth is measured by the number of the faithful, so I may have one of his ribs away, and supply the fellow with a missus.

[Mich the Tester]

I allow my people to have free will. A Gods wealth is measured by the number of the faithful, so I may have one of his ribs away, and supply the fellow with a missus.

You can´t just leave out the thoracic surgery and provide him with a Mrs Hamster anyway?

What a crap god.

[EternalOptimist]

You can´t just leave out the thoracic surgery and provide him with a Mrs Hamster anyway?

What a crap god.

Capital G if you dont mind.

My people must know that I am a Terrible God. No pain no gain. I bring them suffering so that they may love me more

[SupremeSpod]

Capital G if you dont mind.

My people must know that I am a Terrible God. No pain no gain. I bring them suffering so that they may love me more

Surely providing him with a Mrs is pain enough already...

(She is going to kill me...)