In one sense yes, in another sense no.

He didn’t generate wealth, he found it. That’s fine! But yes, he has something others want. But no, the wealth that money represents isn’t his.

I agree with you

I need another word

“Assets” won’t work because there’s a lot of wealth in processes too

I think your two-fold definition is really a mix of wealth and wealth management

they are essentially two different things

What's wrong with dictionary definitions here?

Wealth management is also wealth

I think it’s recursive, which is why we can generate wealth

Wealth isn’t a zero sum game. It is at any one moment in time, but across time, we generate more

can you generate wealth without wealth?

Can you have negative money or negative wealth?

wealth management is not wealth

it’s a skill

wealth is a state of mind

Wealth is not a state of mind 😄

it’s a state of being able to appreciate your position in life

I agree with Malachi. (Quick someone save this message)

“Negative wealth” would imply debt

But that’s about it

You can have less wealth than before though.

address my definition

Wealth management is wealth. It’s wealth in the same way that putting rocks together to make a tool is wealth

> Wealth is not a state of mind 😄
@Malachi before I ask for your definition, why doesn’t mine work?

A stick a rock and a string is worth less than a hammer made out of a stick a rock and a string

“Worth” may be a good word here. Good wealth management IS worth something. It’s worth a lot actually

The state of mind part was my only sticking point.

What word would mean: “that which is worth something”

“That which has worth”

Value

Hmm that term has similar issues in that it is also a unit

Like, “has value” vs “to value”

But I like it. Brainstorming here

Value also sounds subjective, where the thing we’re discussing is more relative than subjective

Automating dispatching (as Uber did) generated a ton of wealth, as it freed up time for us to do other things, and it made it very easy to summon a cab.

The old way was wasteful. It’s not just “value”

Time IS a resource

Saving time + generating goods ... these are both ways to generate what I’m calling “wealth”

Also! Limiting waste. Mexicans make nachos out of what’s left behind by their tacos. It’s a great example of not wasting anything

Value sounds personally subjective yeah. But all wealth is subjective. Except the wealth in heaven I accrue with my God.

I think there’s a subjective aspect to wealth, but also a real (if relative) aspect. Otherwise we couldn’t have a system that measures it