Quote:
Originally posted by Moneyguy1
Or, as someone suggested, the amount of "wealth" that could be turned into cash within, say, a one month period (liquidity factor).
Wealth is relative (ask tabs).
Seriously, wealth is far more thanphysical assets which can be made worthless in an instant. I would posit that true wealth would include, somehow, a measure of the satisfaction one has with his or her lifestyle, including health.
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+1. there are other variable that contribute to happiness.
However, money is a large component.
it is surprising to see that the majority here have a net worth over 1 million. probably due to age, as someone else suggested, and given this is a P- board, it's almost predictable?
With regards to liquid assets, anyone who has achieved a net worth over 1 million is probably smart enough to have some of that as cash or liquid assets - wich can be used on fun things like cars, boats, vacations, toys, etc..
I agree that net worth and lifestyle are very related. how often have we heard , "if you make more, you spend more" .