ABSTRACT

This chapter describes wealth and set the stage for better money choices. The most straightforward definition of wealth is that of an abundance (or over-abundance) of financial resources. Sometimes wealth, given its temporal nature, is inter-generational and passed between generations. Those with a significant degree of resources and the ultra-wealthy often leave a financial legacy to benefit future generations. Others are generous with their money and give it to charitable organizations. Other people might want to be wealthy to live financially free and travel the world after retirement. Mindful money choice involves providing awareness of what is going on inside and around us during any decision that involves money. Money mindset determines if the peoples invest, save, or give our money away. They have control over this mindset, and it has to be the first thing the peoples work on if they move from getting by to getting wealthy.