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Showing posts from April, 2021

What Is Wealth?

  What Is Wealth? "A person's, community's, company's, or country's wealth is the total sum of all their valuable properties. Wealth is calculated by subtracting all debts from the overall market value of all real and intangible assets held. Wealth is essentially the accumulation of finite capital. When individuals, groups, or nations are able to acquire a large number of valuable resources or commodities, they are considered to be rich. Wealth differs from income in that it is a stock while income is a flow, and it can be measured in absolute or relative terms " There are as many definitions of wealth as there are writers and thought leaders. Henry David Thoreau says   “ Wealth is the ability to fully experience life. ” And Robert Kiyosaki says "Wealth is NOT a measurement of how much money you have but how long you can live without working." Understanding the Definition of Wealth Wealth can be represented in a number of different wa