What is Wealth?

The dictionary defines wealth as:

  1. abundance of valuable material possessions or resources
  2. abundant supply: profusion
  3. all property that has a money value or an exchangeable value
  4. all material objects that have economic utility; especially: the stock of useful goods having economic value in existence at any one time

Society usually views the "wealthiest" people in society as those that have the most things or the most financial resources. From third-world countries in Africa and Asia, to the wealthiest nations in the civilized western world, the concept is universal. Recently I read a news blurb that the CEO of Oracle, worth a whopping $36 billion, purchased the island of Lanai with the “pocket change” of $600 million. Whoa! That's wealth!

With such a common definition of wealth being mainly material, it seems that many of us simply brush over the deeper significance of the dictionary's second definition: "abundant supply: profusion".

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More about...Psychology

Changing Focus from Stuff to Substance

Sometimes it seems like the U.S. can be described by just one word: SUPERSIZED.

It's true. Just about everything about our country and our culture reeks of size: the Big Gulp, the Super Size meals, the 24oz. steaks and ½ lb. hamburgers served at restaurants. And don't forget the 5-gallon tub of catsup and mayonnaise, along with the 50 pack of toilet paper that we're all guilty of purchasing during our monthly trek to Costco.

Do most of us really need all of that? Perhaps if you're buying to supply tacos for the church picnic you may need 10 pounds of cheddar cheese and 250 tortillas, but the majority of us who fill the cart to the brim are truly only piling the products into the cart “because”.

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More about...Uncategorized