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Friday, January 27, 2012

What Is Wealth?

You can be wealthy with friends, but that is not my subject.
I am asking about the kind of wealth people usually associate with money
the bottom line

but what is it really?

stored energy

and how is it stored? cash, gold, hard assets, stocks, bonds
so many ways to store this energy of wealth

but what is it REALLY?

It is really the capacity to do work. That is what energy is. The capacity to do work.
So real wealth is productive capacity
like income property
It needs to be in a form that is productive
like a factory or a farm or a business or a skill or talent

If you are the best at tennis or playing the flute or drums, then
your wealth is this skill and talent and yet it must be used

it must be expressed in order to be wealth
all kinds of labor are wealth

your body is wealth, your environment is wealth, your community is wealth,
your family is wealth, all the knowledge of all the generations is your wealth,
all the books, all the songs, all the movies, all that is wealth

so really
we are getting richer all the time

I wake up and am amazed at how well we humans live.
I heat my water in a microwave oven. I turn on the lights and the TV and go online and if I want to go somewhere I can drive in my amazing automobile.

This is all wealth
computers
cars
houses
roads
all the pipelines for gas and water and sewage and electricity and information

unimaginable wealth

all around

and the friends are also wealth, all the people are wealth

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