Building wealth has always been an important part of household financial stability. But with the typical family's wage income growing slowly and capital's role in the economy growing larger, owning productive assets and minimizing debt has never been more important for families' financial success.
Also, why is it important to have money?
Money is important because it enables you to give back to your community, to pick the charities and causes you believe in and support them. Money is important because having money means that life is not a constant effort at keeping your head above the water.
What does it really mean to be rich?
It's an amazing feeling to be able to do what you want and work on things that matter to you. Being rich to me also means living far enough below my means that I feel comfortable from time to time spending a lot of money or helping someone else. I don't need an extravagant life, just the ability to do what I want.
Is money important in our life?
Money is not the most important thing in life. In fact, in a healthy life, money often follows behind many other elements in your life. If you put your energy and time into other things more important than money, money will follow. It will find a way to work.