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  #930 (permalink)  
Old 10-05-2015, 11:54 AM
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Originally Posted by unregistered View Post
you can use both objective way or subjective (or relative) way to define if a person is rich or not.

Objective way is to define a quantitative value, say $10m. Anyone or household whose networth is $10m and above would then be considered rich.

Subjective way is by comparison. If your friend lives in a condo and you don't, you will say he is rich. Subjective comparison is the most common way that people "decide" who is rich.

When i bought a car for my wife, my neighbours said i am rich. I, on the other hand, think that my neighbours are rich because they saved more money by not having 2 cars like i did.

I find that there are people who feel the need to flaunt their wealth through material possessions. Maybe they are right. Because what is the use of money? You worked hard to earn money for a better life. And you do that by acquiring the material things like condo, cars, nice watches and go travelling etc. They know that they cannot bring their money with them when they die.

On the other hand there are people who will save every cent they earned. They spent minimally on themselves and saved and invest the rest. Maybe they are right also.

Of the two groups, who is the richer? The latter group would think that the first group is rich because of the material possession, and the first group would think that the latter group is the richer because they don't spend much.

You know what? I think the group that acquire material things to better their lives is the richer. Richer through living a fuller life!
qft !
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