How do you define wealth?

Hi! First of all, welcome to 2020 and my new blog! I’m excited to have a place to rant about all the bad financial advice I read share my financial knowledge with the world. Thank you for coming on this journey with me, especially those of you who already subscribed before the blog went live.

It’s January, and goals around money often top the list of New Year’s Resolutions, second only to the weight loss category. So as you’re setting your money goals or creating your 2020 budget, my question to you is this:

How do you define wealth?

Being wealthy doesn’t necessarily mean going on expensive vacations twice a year. One of my favorite definitions of wealth is someone who said they’d be wealthy when they can go grocery shopping without looking at the prices.

My definition of wealth is financial freedom. It’s about not worrying about money. For example, walking home the other night I passed a restaurant and thought, “I should check that place out sometime.” Then realized I had literally no reason not to stop and eat dinner there right then. I was on my way to the grocery store, which would still be open if I waited. Probably almost better even, to eat before I shopped. And I could afford it, so why not?

As we begin to delve into the world of financial literacy, I invite anyone reading to first reflect and decide what wealth means to you. Your definition should reflect your values, but also your financial goals. This blog won’t be a your typical “personal finance” / “budgeting” / “money management” blog. However, I do encourage my readers to have specific money goals. You can’t build a solution if you don’t know what you’re aiming for.