What is Wealth?

Arhering’s post got me thinking. I don’t think this post will interest anybody.

What is Wealth?

Personal  wealth is:

>>The value of all my tangible and intangible stuff


>>The ongoing costs (real and opportunity) of that stuff.

Tangible “stuff” is things like the net of  material possessions, property, investments, NPV of income streams, currency, living situation physical comfort, leisure/recreation time  and I would even say things like NPV of future employment income.

Intangible “stuff” includes things like current and future health, gains from family networks, gains from social networks, education, opportunity variety, experience variety, and so on.

Costs would be things like: time I spend at work, Mortgage, rent, upkeep, and opportunities forgone.

So, how wealthy am I?

337/365: The Big Money

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: