"A recent survey of affluent investors by UBS Wealth Management Americas found that only 28% of them with investable assets of between $1 million and $5 million actually considered themselves wealthy."
The short video hints that survey respondents are not so superficial that they think that wealth can be defined by a single number. The most restrictive definition is "no financial constraints on activities," and very few people attain that station in life.
For the rest of us who can't buy yachts or airplanes, the trick is to keep wants and obligations under control. Having "champagne taste on a beer budget" sinks many into financial trouble. For the financially secure but not ultra wealthy, by the time they can afford champagne their frugal habits are often so ingrained that they still choose beer.
For these people the outward and visible sign of wealth is not clothes, cars, or the price of the wine ordered at restaurants but the serenity with which they carry themselves throughout the day. And they probably sleep pretty well, too.
© 2013 Stephen Yuen
No comments:
Post a Comment