What it means to be rich, according to 9 financial planners who would know - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Being rich is so much more than just a big account balance

, says that for him, wealth is all about living with financial freedom.

"Giving back to the community by donating funds sometimes scares those with money because of the fear of losing financial security," he says. "Part of having money is celebrating its value by sharing it with others, and this goes hand in hand with good financial health."Everyone has different expenses — and different aspirations.

, recognizes that real wealth is a mindset, he says someone is technically wealthy when they need to make plans for succession. "When you are financially comfortable enough to meet your personal goals, have a plan in place to not outlive your money, and feel freedom when it comes to money, that's a rich life to me," she says. "Trying to attain someone else's version of rich usually only makes for an unhappy person with a nice bank account.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

4 things to know about getting divorced, according to a financial planner - Business InsiderYour finances will take a big hit during a divorce, Here's what a financial planner says you need to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The first question to ask a financial planner before working with them - Business InsiderYou might think that being a fiduciary would be like table stakes for a group of professionals you're supposed to trust with your money … but unfortunately, this isn't the case
Source: BusinessInsider - 🏆 729. / 51 Read more »

PRESENTING: The 13 consulting firms where you can earn more than $200,000 with an MBA - Business InsiderRead Business Insider's exclusive roundup of the highest-paying consulting firms in 2020. About $4,000 grand a week. Thats enough. It's a zero-sum investment. An MBA at a top school taps out at $200k which means you'd mortgage the equivalent of a small town home. If firms offer to pay for that added (though often unnecessary) education bill, it could be worth the investment, but only if they keep you.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wealth tech sees sharp decline in new entrants - Business Insider - Business InsiderICYMI: After a sharp downturn in the number of emerging wealthtech startups, existing players will be forced to tweak their business models to survive:
Source: BusinessInsider - 🏆 729. / 51 Read more »

7 ways to recession-proof your finances, according to CFPs - Business InsiderNo one can predict a financial downturn, but I want to make sure I'm prepared. I asked five Certified Financial Planners how to ready my finances. Is it ever a good time to have overbearing debt?🤔 Tényleg, még mindig nem tudjátok LEVITÁCIÓVAL felemelni az űr alkatrészeket, embereket?Halandzsáztok?
Source: BusinessInsider - 🏆 729. / 51 Read more »

The 17 best resorts in the world, according to travelers - Business InsiderAfrican safari spots, castles in Ireland, and one converted sheep farm are among the world's best resorts — but only one in the US made the cut. Kenya is definitely next shortleft 🥰
Source: BusinessInsider - 🏆 729. / 51 Read more »