Quote from: jaysabi on March 07, 2021, 02:40:33 PM

Quote from: sammyp on March 06, 2021, 08:11:18 PM

Being rich means being able to provide one’s basic needs and still have enough to keep as back up. It also means having more assets than liabilities.

Having more assets than liabilities just means you have a positive net worth, it doesn't mean you're rich. If you've got $1,000,000 in cash and $999,999,999 in liabilities, your net worth is the same as a guy who has $1 and no liabilities. Neither of these people is rich.

My definition of is rich beyond Financial terms of Assets/Liabilities or accumulation of wealth which is beyond your needs. If you are financially secure, purpose of living and a healthy mind a spirit to help other who need your financial and moral support.

https://www.huffpost.com/entry/what-is-the-true-meaning-_b_7740162