What is Wealth?

Adam Bruderly
June 19, 2023

According to Investopedia “wealth is measured by taking the value of all the assets of worth owned by a person. This is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of scarce resources.” According to this definition we live in a society that truly defines wealth as a number.

However, is that the true definition of wealth? We at Journey believe true wealth is comprised of so much more and that the equation should start with the most “scarce resource” …TIME. That is why we do things differently and believe it is time to rewrite the equation. That this formula needs to include many other components like health, family, happiness, and purpose on top of that number that you see in your account.

This led me to do a bit of the back of the napkin math…

Considering that my kids are currently 8 and 5 years old, I have approximately 4,745 days and 3,650 days until they leave the house, respectively.

At my current age of 44, if I reach the age of 85, I will have approximately 14,965 days or 2,138 weeks remaining in my life. Regardless of the measurement, these numbers decrease each day.

FSM Wealth Advisors, LLC dba Journey Wealth Management, is an independent investment advisor that offers a variety of different investment vehicles. This page is for informational purposes and does not address any individual’s financial situation. Journey Wealth Management does not guarantee the accuracy or completeness of information provided by third parties and assumes no obligation to update this information. Journey Wealth Management will not accept investment offers via social media.