When you think of wealth, what comes in your mind first? You are thinking of luxurious mansion, lot of money in your saving account, expensive cars, private jet, very nice yacht and the rest you name it. You might be thinking also of one that is highly educated, with big salary income, having a secure job and having lots of money.
All these things are not the exact definition of wealth. If you want to hit your wealth in life, you have to fully understand the real and practical meaning of wealth. Now, I will give you the true definition of wealth. Wealth means the number of times or period you can survive without working physically and without financial support from anybody while you are maintaining your standard of living. That means, wealth is measurable by time and period not an amount of money.
Let me give you an example: If you have a savings worth of $60,000.00 and your monthly expenditure based on your standard of living is $5,000.00, then your wealth is about 12 months.
As soon as you define your wealth, your next step is to improve or invest on it. In order to attain your desired wealth, you should keep valuing your time. So what are you waiting for? You have to act and invest on those things that will add on to your time value and money as well. Always keep in mind that “time” is the most precious resources in your life. It is your greatest asset, that’s why “Time is Gold”.