70% Of People With Over $1M "Don't Feel Rich"

By Holly Brockwell on at

What would it take to make you feel rich? Not in a bollocks Pinteresty "the laughter of children is richer than the finest gold" sense, but in an actual, proper, monetary sense? If you had to put a figure on it, what does being rich mean to you?

Most of us would agree that someone with "a six-figure income, owning at least one home and sitting on a spare $1 million in investable assets" definitely qualifies, right? Well, that person would probably disagree. Because according to a survey of fat cats by UBS Investor Watch, the rich don't consider themselves rich at all.

Of all the people surveyed, only the ones with more than $5m sitting in the bank felt secure in their wealth. The rest stressed about losing it all to one fatal error, or keeping up with the Zuckerbergs.

Another Pinterest favourite, the phrase "comparison is the thief of joy" seems especially true for wealthy people, who get stuck in an ever-upward spiral of earning. In the same way you might feel perfectly happy with your salary until you find out that the plankton below you makes the same, the Bransons of this world are delighted with their yacht until they realise Adele's is longer.

If this all rounds very #RichPeopleProblems, it is. But it also drives the relentless, busy-as-a-virtue, sleep-when-we're-dead ethos of Silicon Valley, that sees people burn out or harm themselves in the pursuit of prosperity.

The solution, of course, is to enjoy what you have. But since we don't seem capable of that (thanks, Instagram), decide what you'd consider rich. Put parameters on it (remember to account for inflation, this stuff takes ages). Write it down. Work for it. And then bloody well stop, OK?

The only person who doesn't get to see your solid-gold gravestone is you.

[BBC]


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