True Wealth for Gary

True Wealth is a tough term to define.  It varies much for each person, each family, each business, etc.

Some define true wealth as having more and more money, having more and more assets, having a cash flow that grows and grows, etc.  Some define it as having no connection to the notorious grid, going it alone with sufficient cash to pay for food, clothing, housing, auto and entertainment.  It is a wide range and nearly un-definable given no context.

So you will have to do this: define your context.

What is it that helps you define this context?  I would propose that the definition of who you are and who you want to be as a business, family or person will help you define what it is:  true wealth.  This will take serious and sufficient thought and some introspective work.

Mine is this:

  1. True wealth is to have enough cash to spend it or not to spend it, my choice.
  2. True wealth is to have the assets to insure that the cash is still there.
  3. True wealth is to have a sufficient cash flow to buy or sell the assets if I want.

So, my definition of True Wealth boils down to having financial freedom and financial protection.

Gary

About Gary

I am retired, but not tired. I still want to be valuable to others. I know that others are valuable to me. After looking back on six decades, I have asked myself this question: “What do I believe?” My mind filled up. My heart started beating faster. My spirit soared. I post blogs to share what my mind is working on, what my heart believes would help others and, what my spirit is communicating to me. What do I believe, you ask? Decisions dictate your path In love, not hate In tolerance, not prejudice In health, not sickness In wealth, not poverty In kindness, rudeness In happiness, not sadness In encouragement, not discouragement In faith, not doubt In courage, not fear I have been and will be challenged in each one of these beliefs, but the biggest belief is to stay positive and not turn negative. This belief helps me maintain all of the others.

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