True Wealth

 I have been greatly impressed by the first three books in the Rich Dad Poor Dad series by Robert T Kiyosaki. His ideas helped me take a good look at my own approach to making and managing money. But more importantly, I have also been inspired to try and define “wealth”.

What is true wealth?

If you hold a high paying job with a lot of perks and good recognition, are you wealthy?

If you are a professional, recognized the world over for your skills, and charging thousands by the hour, are you wealthy?  

Not really, because you would have to keep holding on to that job to continue to be ‘wealthy”. You would have to continue working those many hours to earn the fees that keep you “wealthy”.

Your are wealthy only so long as you are working for it, you do not have the choice to stay away, doing something else that you wish to do, to follow a dream or a passion.

I believe that true wealth is not just about money, it is about the freedom that money brings.

I will consider myself truly wealthy when I have an established flow of passive income that will allow me to continue with my preferred lifestyle, let me choose to work or not to work on a regular basis, allow me to support my favourite causes and charities, allow me to follow my passions without having to think about where the money is going to come from.

This freedom is my wealth. And all financial planning and investment are a means to establish for me that assured flow of passive income that will let me truly free, truly wealthy.