Wealth

RECENT NEWS
Clusterstock  Dec 5  Comment 
Believe it or not, getting rich takes more patience than effort. According to bestselling author David Bach, who is releasing an updated version of his hit book "The Automatic Millionaire" this December, the "most important" first step to take...
Motley Fool  Dec 5  Comment 
These dangerous investment strategies can lead to a permanent and complete loss of capital.
The Hindu Business Line  Dec 4  Comment 
Investors should take a long-term view and not be troubled by daily news
New York Times  Dec 2  Comment 
Many gifts this time of year are checks written to causes, but some come as junked cars and even orphan radio stations.
The Hindu Business Line  Dec 2  Comment 
SHGs pave the road to financial independence in UP villages
Reuters  Dec 2  Comment 
Thousands of clients are being booted out of bank accounts in Asia's wealth management industry, which is cleaning up after a money laundering scandal in Malaysia, the 'Panama Papers' expose, and a global push for tax transparency, bankers say.
Forbes  Dec 2  Comment 
As an Angel Investor and a Mentor I spend much of my day helping entrepreneurs in their pursuit of wealth by helping them to grow their companies. But today I was reminded of exactly what true wealth looks like. Delwyn Collins - Tampa General...
The Economic Times  Dec 2  Comment 
Norway is looking for ways to boost returns that have missed a real return goal of 4% as rates have plunged globally in the aftermath of the financial crisis.
DailyFinance  Nov 29  Comment 
Filed under: Sports, Sports News Floyd Mayweather Jr. has never been shy about flaunting his wealth. In an Instagram post claiming he's "happily retired" thanks to smart investments, Mayweather casually showed off a $100 million check that...
guardian.co.uk  Nov 29  Comment 
The former World Bank chief economist says that protectionism against globalisation is not the answer to the labour crisis – inclusive growth is The globalisation of labour and the rise of automation has led, according to the former chief...




 
TOP CONTRIBUTORS

Wealth

An abundance of valuable possessions or money. When two people have the same income and spend the same amount. In every case the one that buys income producing assets, will be wealthier than the one who buys things, which are consumed immediately.

An Inquiry into the Nature and Causes of the Wealth of Nations ~ Adam Smith 1776

Book II, Chapter III Of the Accumulation of Capital, or of Productive and Unproductive Labour

II.3.38 The revenue of an individual may be spent either in things which are consumed immediately, and in which one day's expense can neither alleviate nor support that of another, or it may be spent in things more durable, which can therefore be accumulated, and in which every day's expense may, as he chooses, either alleviate or support and heighten the effect of that of the following day.

A man of fortune, for example, may either spend his revenue in a profuse and sumptuous table, and in maintaining a great number of menial servants, and a multitude of dogs and horses;

Or contenting himself with a frugal table and few attendants, he may lay out the greater part of it in adorning his house or his country villa, in useful or ornamental buildings, in useful or ornamental furniture, in collecting books, statues, pictures; or in things more frivolous, jewels, baubles, ingenious trinkets of different kinds; or, what is most trifling of all, in amassing a great wardrobe of fine clothes, like the favorite and minister of a great prince who died a few years ago.

Were two men of equal fortune to spend their revenue, the one chiefly in the one way, the other in the other, the magnificence of the person whose expense had been chiefly in durable commodities, would be continually increasing, every day's expense contributing something to support and heighten the effect of that of the following day: that of the other, on the contrary, would be no greater at the end of the period than at the beginning.

The former, too, would, at the end of the period, be the richer (wealthier) man of the two. He would have a stock of goods of some kind or other, which, though it might not be worth all that it cost, would always be worth something. No trace or vestige of the expense of the latter would remain, and the effects of ten or twenty year’s profusion would be as completely annihilated as if they had never existed. [1]

Wealth, 13c, happiness, also prosperity in abundance of possessions or riches, from wele well-being, analogy of health. [2]

Riches, valued possessions, money, property, modified from richesse wealth, opulence. [3]

Weal, well-being, wela wealth, also welfare, well-being, wel- to wish, will. [4]

Will, to wish, desire, want, according to one's wish, wela well-being, riches. [5]

References

  1. http://www.econlib.org/library/Smith/smWN8.html
  2. http://www.etymonline.com/index.php?term=wealth
  3. http://www.etymonline.com/index.php?term=riches
  4. http://www.etymonline.com/index.php?term=weal
  5. http://www.etymonline.com/index.php?term=will
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki