Have you ever given a goal you have to achieve? Definitely yes. But what do you do to achieve your goals? The same question can be applied not only for business, but also for sports and anything else. A rich man will never be content with what he has, with a growing amount of flavor.
But how do you find that you are really rich? You do not have a light on your body that blinks in the case of wealth so you can enjoy it. It is rather an individual sense of victory over the financial standard of others. According to UBS investors, we are really wealthy if we get capital assets worth $ 5 million or more.
The concept of wealth was, however, explored more deeply, and Forbes conducted a survey, based on which users responded to a simple questionnaire. About half of them said wealth means not having any financial limitations for the activity they perform.
We mean numbers that represent assets, that is, property in the exclusion of all immovable property. The respondents had assets of at least $ 250,000 in invested assets, half of which had at least $ 1 million of invested assets.
Ten percent of respondents said wealth means a state where we never have to go to work. Another ten percent think we are wealthy when we can financially secure our family for generations to come forward.
It really is. According to UBS, 4 out of 5 investors support their families, both their children and their parents or relatives. 1 in 5 investors even share the same household with them.
Unemployment, the economy and aging parents make wrinkles at the forefront of members of important families. In fact, the future of their children and grandchildren is the second biggest concern for investors. 58% of those who have children fear that their children will not be able to afford proper health care and the necessary support in old age.
54% of them help their children or parents paying small expenses like food and phone bills. 42% of them pay the costs of education and 20% of them borrow money.
Those millionaires who are financially helping their children do not seem to have any money to lose. Investors do not see help to their loved ones as a necessity, they are happy to help them. 82% of investors prefer to help their grandchildren, 76% to their adult children and 59% to their parents. All results are supported by studies.
Well, how are you? Do you also support your children or parents? Many people forget about them. We can be very wealthy, but we must also remember our loved ones, especially those who helped us at times when we needed help.