Actual Net Worth To Be Considered Wealthy

The Actual Net Worth To Be Considered Wealthy

🔥 Sign up for Azul's Newsletter:

🔥 Follow Azul on Twitter:

💲 NEED FINANCIAL ADVICE? 💲
1) Google "fee-only financial adviser" or visit www.NAPFA.org (largest association of fee-only financial advisers). NOT an affiliate link
2) The first question to ask any financial adviser is, "Are you a fiduciary to me 100% of the time". Get the answer in writing
3) Please note that some people call themselves "fee-based". This is NOT the same as fee-only. Fee-only advisers have committed to being fiduciary to you 100% of the time.
4) Personally, I would only hire an adviser who is a fiduciary to me 100% of the time. This is not a suggestion on what you should do. Just sharing my personal preference.

⚠️ Azul's "Scammer" Warning ➡ PLEASE READ! ⚠️
Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them.

🚨 Azul's VIDEOS ARE NOT FINANCIAL ADVICE (Disclaimer) 🚨

The decisions on how to invest, when to retire, and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally, from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the right decision for you and your family.

This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors.

This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.

Spoiler Alert: There are no "get rich" programs. Rather, just basic blocking & tackling and putting in time and care. Do your homework, choose wisely and (IMHO) work with experienced professionals who are fiduciary to you 100% of the time.

[LesterHess-tx]

Intentional acts lead to success. Developing sound financial practices, such as consistent saving and prudent investing, is essential to accumulating wealth. Ignoring money management can cause issues down the road. I wish everyone who reads this luck in reaching their financial objectives!

[edthelazyboy]

When I was younger being wealthy used to means:
- Owning mansions in Beverly Hills or Pebble Beach
- Driving nice cars
- Taking women out on fancy dates
- Going out on fancy vacations flying first class and staying at luxury hotel suites

Now being wealthy to me means:
- Not having to worry about losing my job or having to work into retirement years
- Being able to cover unexpected emergency expenses
- Being healthy and in no pain
- Having time to spend with my family on vacations

[higuysrealtalkwithtracy]

If you can pay your bills and have someone that loves you and have good health then you are wealthy.

[cametientaucoeur]

As a retired Home Health/ Hospice RN, a recent widow with a well to do net worth, I am grateful. It really means nothing without companionship, love & your good health. Our secret throughout 52 years together was always saving a large percent of our working income, investing it wisely & most importantly always live below your means. We were always happy enjoying nature, traveling…staying inside cruise rooms, flying premium economy, saving for large purchases. I drive a 10 year old car…I am leaving my funds to our Alma Mater to train nurses. Jeanne

[Hannahbenowitz]

Success is the result of deliberate actions. Building wealth requires developing good habits, like saving money regularly and investing wisely. Ignoring financial management can lead to problems later on. I hope that everyone reading this achieves their financial goals!

[leberlin]

After retiring I believe I am very wealthy by not having to set my alarm each morning, waking up by the person I love, knowing I have no mortgage or other loans to pay off, knowing I have enough income to pay my gas, electric, water and tax bills and still have change to play with when needed, I don’t have millions but I have my health and so I believe I am very very wealthy. I am also very fortunate but I found out early on in life that the harder I worked the more lucky I got.

[markrobertdevison]

I've easily have surpassed $2.2 mill net worth and I never consider myself wealthy. I live very easily and I enjoy a good life. Living debt free and below your means will make life much more enjoyable.

[bflathead]

We have enough to live comfortably for many years… we’re not rich but working class retired and we just did everything we could to lower the overhead.
We live a simple lifestyle and are over the big purchases.
But I do consider myself wealthy because I don’t have to answer to anyone’s bullshit.. ever again ! Mission accomplished 👍

[jameschaves]

Fantastic video. Really goes to show how society thinks it takes $2.3 million but with $560, 000 “I’m doing ok”. Years ago I backpacked the world. I got to see serious poverty. I knew right then and there I was wealthy. Just being able to travel made me wealthy. People in this country REALLY need a reality check!!!

[philipem]

Every month when I've paid my bills I have hundreds of dollars left over. That state of conditions seems likely to continue every month until I die.

THAT is wealth. All the wealth I need.

[Paul-GrnHil]

Net worth is an excellent metric to evaluate readiness to retire but not perfect. I worked for a guy who had incredible net worth as well as income but was constantly stressed out about his situation. He was a “keep up with the Jones” type of guy and while he owned a very expensive second home in a high end ski resort that was worth more than what he paid, the cost of owning it was more than he could afford. The result was a healthy net worth but negative cash flow. Ultimately, living within your means is the best measure of wealth.

[twilde]

I don't feel wealthy, I feel blessed. The blessings have come from consistent work and saving, and paying off my home. Not everyone can do this, that's why I feel blessed.

[ericfleet]

I couldn't care less about what people think makes me wealthy. What makes me wealthy is I can cover all of my needs and my family's needs even if we faced job loss and unexpected expenses. What makes me wealthy is I have a great wife that is also my friend, kids that are doing well in life and friend groups I see generally at least twice a week.

[geminiecricket]

We paid off our mortgage…best recommendation for everyone.

[David]

“That’s a path to unhappiness” great quote. All that needs to be said to the hate and the jealously.

“Good luck, that’s a path to unhappiness, goodbye”

[lifestream]

Jordan Peterson talks about a study that says something like this. Once you get to a point where you can pay all of your bills, anything more than that does not significantly increase happiness.

[hectormunoz]

Wow! I didn’t know being an engineer in South America could lead me to be in the 25% top of USA! Thanks Azul, I’ll continue saving and investing for my retirement. Cheers from Chile 🇨🇱

[tnekkc]

A low crime house in Seattle is $2M. A low crime house in a Montana small town is $200k.

[notmyrealname]

Where you live has a lot to do with how far your money goes and your true net worth. I live on the Alabama Gulf Coast in a newer home worth about $500, 000. This same home would cost nearly $1.5 to $2 million in the San Francisco area. My annual property taxes are $1400. I live in a very desirable but smaller city that is easy to get around, so I don't spend much on cars and gasoline. A retired couple with a paid off home can live very well here on an annual income of $70, 000 and enjoy membership in a health club and dining at decent restaurants a couple of times weekly, plus attending the symphony, little theater and various other social activities.

[Meadowlark]

Retired/age 65. No where near 2.2 million dollars in net worth. Good health, great family, no debt. Savings account (invested) plus pension and social security benefits in future. Contentment!!