The definition of wealth is an abundance of valuable possessions or money. You can add wealth to your life by either increasing pay or increasing assets and decreasing liabilities. We all need some kind of wealth because we have bills to pay and food to buy. Value is The the regard that something is held to deserve; the importance, worth, or usefulness of something. Also a person’s principles or standards of behavior; one’s judgment of what is important in life. We all regard value differently but in general it means to same to us all.
We are going to explore the difference between the two and how it relates to the family. There has to be some kind of balance between the two different concepts in some way shape or form. That is the discussion for todays podcast.
What is the difference between wealth and value?
- Wealth versus value as it relates to the family
- What my humble opinion is between the two subjects
- How to add value to your family
- What this means as it relates to your legacy
- The big decision you have to make in life
There were not any outside resources used in the making of the podcast episode.
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