Comments on: How to be rich

By: Lotta Links and a Couple of Carnivals « My Daily Dollars

Lotta Links and a Couple of Carnivals « My Daily Dollars — Sat, 09 Aug 2008 15:33:58 +0000

[...] reads, but you also get some very interesting travel ideas! My favorite Editor’s Pick was “How to be rich” by Gather Little by Little. The post wisely reminds us of a better way to think of being rich. [...]

By: Movingonup!

Movingonup! — Tue, 05 Aug 2008 21:08:18 +0000

I’m pretty rich, but I’m broke. I have a lot more in life than I ever dreamed of having.

I will feel financially rich when I can I leave a job I dislike or go on a vacation to Greece without worrying about money.

By: Carnival of Money Stories #71-Wander Around The World With Me | Value For Your Life

Tue, 05 Aug 2008 03:48:47 +0000

[...] presents How to be rich posted at Gather Little by Little. A wonderful commentary on true [...]

By: Sunday Link Love: July Review Edition | I've Paid For This Twice Already...

Sunday Link Love: July Review Edition | I've Paid For This Twice Already... — Sun, 03 Aug 2008 20:59:53 +0000

[...] Gather Little By Little: How To Be Rich [...]

By: Weekly Roundup - Lazy Weekend Edition

Weekly Roundup - Lazy Weekend Edition — Sun, 03 Aug 2008 19:16:19 +0000

[...] gives his definition of How to be rich. I like his definition a lot. It’s not all about dollars and [...]

By: Value For Your Life

Value For Your Life — Sun, 03 Aug 2008 02:06:41 +0000

I feel wealthy because I’m truly happy and thankful for everything I have. I value the fact that I live in a safe place, have a family that loves me, and that my education will give me the ability to live and work anywhere. I couldn’t ask for anything more.
Amanda

By: capitalcouplesfinance.com » Links, Finance, Relationships, Advice

capitalcouplesfinance.com » Links, Finance, Relationships, Advice — Sat, 02 Aug 2008 13:52:13 +0000

[...] Gather Little by Little wonders at how the definition of “rich” has changed and shows that it’s about more than finances. [...]

By: marci

marci — Fri, 01 Aug 2008 21:33:12 +0000

My greatest wealth is time.
Far more precious than money ever.
And more precious as the years go by.

Great post! Thanks.

By: Garden flags

Garden flags — Fri, 01 Aug 2008 20:00:08 +0000

Thank you very much for the great information…This is an important thing to get right

By: Dan

Dan — Thu, 31 Jul 2008 17:07:36 +0000

I agree that a wealthy life is a good thing, wealthy in spirit, that is. However if you limit your definition to the material world, the question is what is rich? A million dollars in cash? In net worth? Ten Million? How much do you need to acheive your goals in life?

To me, the best definition I heard was from Bob Brinker, who hosts the radio show “MoneyTalk.” Bob always told listeners that your financial goal should be what he called “critical mass.” That was the total wealth you needed to accumulate in order to live off your assets and never dip into your principle. Hypothetically, this meant that as soon as you reached that place you could quit working for the rest of your life and never have to sacrifice your lifestyle.

This to me has been my definition of rich in a material sense. Once I can accumulate enough that I can live off my investments (considering that I’ll have to weather a bear market or two), my time will be my own to do with as I please. I can go on missions, spend time with my family, start my own business, or continue working. It will be my choice to make entirely. Financial freedom is my goal, and critical mass is how I measure my progress.