March 24, 2016

Four Measurements of Wealth – Financially Simple

Four Measurements of Wealth There have been numerous articles written on the correlation between money and happiness. A quick Google search will turn up 650,000,000 hits in 0.56 seconds. Most of these articles will offer similar conclusions, like this February 2015 article in the Huffington Post, that while money can provide you with a certain level of comfort, it will not make you happy. That got me to thinking…your bank accounts may tell you what you can and can’t afford, however, can they really tell you how wealthy you are? Today the Merriam-Webster Dictionary defines wealth as: 1. a large amount of money and possessions 2. the value of all the property, possessions, and money that someone or something has 3. a large amount or number. However, I found it quite interesting when I looked up the definition in an old dictionary—Webster’s 1828 Dictionary—it was defined like this: 1. Prosperity; external happiness. 2. Riches, large possessions of money, goods or land; that abundance of worldly estate which exceeds the estate of the greater part of the community; affluence; opulence. The second definition certainly lines up with what many would measure their status of wealth by today, but the first intrigued […]