These terms are relative. In my mind, to be wealthy accounts for your excess of assets over liabilities. I would not consider $1,000,000 net worth to be wealthy, because that is too common, lol! I would also suggest that wealth is a completely monetary/property representation.
Rich on the other hand can be many aspects of life, especially quality of life. This can be work, family, faith, and others. To be rich in these I would call success, regardless of wealth. You can also be rich in possessions which may be the most common connotation. In many cases people rich in possessions are also heavily in debt. IMO that doesn't make them any less rich.
I'd rather be rich. But not in possessions, in faith, respect, and talent. It is a sense of satisfaction and success. Wealth on the other hand is a charge to protect and preserve and grow that wealth. As many might agree, that can be a stressful challenge!
Hi Jonathan,
Thank you for your transparency and your site. You don't know me, and I don't know you, but this is the internet.
Your strength is palpable. I will pray for more pain free time for you. At risk of sharing beliefs not universally popular, I sign off... God bless you,
John Verlautz
At 64 I fatigue easily. Still active, but not nearly the energy from say 15 years ago. At 62 my wife is retired, so I plan to work with benefits until 67 when she is eligible for Medicare. She has a handful of health issues. I am fairly healthy, so we aren't currently chasing expensive health care concerns.
I enjoy working, and have a good job with great co-workers, an excellent boss, and a good company.
Recently I've increased my travelling and would like to continue that, but I cannot travel at the speedy pace I had 10 years ago.
My widowed mother passed away recently leaving a moderate inheritance. I don't think I'd quit work even if I had received enough to do so, and I certainly didn't. But it is comforting to have a cushion, reserve funds.
All that to say that today, my vision (dream?) of retirement is in no way close to what I imagined during most of my working years because of the energy loss. I feel flexibility is key. It's impossible to plan around every contingency, nor expect every curveball that comes your way. If you are retired, be grateful for that, and do your best to enjoy every day you are given. If you are working, be thankful for that, and use the opportunity to build relationships. Regardless of your personal situation, carpe diem, be active yet restrained, generous yet frugal, and intentionally seek joy in all circumstances.
Comments
These terms are relative. In my mind, to be wealthy accounts for your excess of assets over liabilities. I would not consider $1,000,000 net worth to be wealthy, because that is too common, lol! I would also suggest that wealth is a completely monetary/property representation. Rich on the other hand can be many aspects of life, especially quality of life. This can be work, family, faith, and others. To be rich in these I would call success, regardless of wealth. You can also be rich in possessions which may be the most common connotation. In many cases people rich in possessions are also heavily in debt. IMO that doesn't make them any less rich. I'd rather be rich. But not in possessions, in faith, respect, and talent. It is a sense of satisfaction and success. Wealth on the other hand is a charge to protect and preserve and grow that wealth. As many might agree, that can be a stressful challenge!
Post: Are you wealthy or just rich?
Link to comment from December 20, 2024
Hi Jonathan, Thank you for your transparency and your site. You don't know me, and I don't know you, but this is the internet. Your strength is palpable. I will pray for more pain free time for you. At risk of sharing beliefs not universally popular, I sign off... God bless you, John Verlautz
Post: Staying Alive
Link to comment from December 20, 2024
At 64 I fatigue easily. Still active, but not nearly the energy from say 15 years ago. At 62 my wife is retired, so I plan to work with benefits until 67 when she is eligible for Medicare. She has a handful of health issues. I am fairly healthy, so we aren't currently chasing expensive health care concerns. I enjoy working, and have a good job with great co-workers, an excellent boss, and a good company. Recently I've increased my travelling and would like to continue that, but I cannot travel at the speedy pace I had 10 years ago. My widowed mother passed away recently leaving a moderate inheritance. I don't think I'd quit work even if I had received enough to do so, and I certainly didn't. But it is comforting to have a cushion, reserve funds. All that to say that today, my vision (dream?) of retirement is in no way close to what I imagined during most of my working years because of the energy loss. I feel flexibility is key. It's impossible to plan around every contingency, nor expect every curveball that comes your way. If you are retired, be grateful for that, and do your best to enjoy every day you are given. If you are working, be thankful for that, and use the opportunity to build relationships. Regardless of your personal situation, carpe diem, be active yet restrained, generous yet frugal, and intentionally seek joy in all circumstances.
Post: Dream Retirement – Is it fading away?
Link to comment from November 1, 2024