Would you consider this to be a position of wealth?

[jesse4466]

Explain. Don't bow out. Is your chest high so to speak when it comes to spending money and the lifestyle you like? Is that why you feel $950 for yourself a month is not enough for you as an American?

Wealth is above being rich. Rich is having lots of disposable income and spending it constantly like water. You hear about the rich and how they go poor because they don't think like the wealthy. Wealth is about investing, long term, lifetimes of savings, having fortunes, inheritance, true assets, appreciation, etc. That is wealth first off. Second, an extra $950 a month wouldn't even be considered rich. What can you do with an extra $950 a month? Not much. If you are smart you will save it all. In 5 years you have 60k. While it's nice to have an extra $1,000 per month it's by no means defining the words rich or wealthy. Perhaps 'above average' would be more fitting term for Americans.

[xjay1234]

Okay well you re right WEALTH is above RICH you are correct.

The issue is in the west WE ALL ARE GUILTY OF IT! We are financially illiterate!

We buy the latest iPhone, Latest Car, Latest iPad buying stuff only because it is available not because we need it! Not saying treating yourself is bad OF COURSE NOT but you know what I mean.

So as a result a lot of people in the West are always in debt. And end up working to LIVE rather than living to WORK. All in the name of keeping up with the joneses.

So back to what you said yes Bill Gates etc wealthy, but then average Joe that is on an average wage and can hold back £600($950) for themself each month after paying all their outgoing I think that person is wealthy in their own way wouldn't you say?

Especially in today's time where people have to get emergency payday loans to meet certain regular bills.

Now as I said to that other user if that person that holds back $950 (£600) a month was smart yes they would put that in savings and put that into stock of some sort or put at least 30 - 40% of that figure away and put that into capital.

So I think you can agree with me that having that amount of money for yourself is a GREAT position to be in and then can end up being a FABULOUS position.

Of course the idiot would blow it all off each month and goods that are not fully needed and then as a result won't have nothing of note to their name, except their house which they would own out right in 20+ years time lol.

Wealth is above being rich. Rich is having lots of disposable income and spending it constantly like water. You hear about the rich and how they go poor because they don't think like the wealthy. Wealth is about investing, long term, lifetimes of savings, having fortunes, inheritance, true assets, appreciation, etc. That is wealth first off. Second, an extra $950 a month wouldn't even be considered rich. What can you do with an extra $950 a month? Not much. If you are smart you will save it all. In 5 years you have 60k. While it's nice to have an extra $1,000 per month it's by no means defining the words rich or wealthy. Perhaps 'above average' would be more fitting term for Americans.