When asked how much money a person needs to be wealthy the magic number is currently about $2 million. But many people who have far less than that say they already feel wealthy today, for other reasons. So what’s the catch? According to a Charles Schwab survey, there’s more to “wealth” than a dollar sign.

Earlier this year, Schwab conducted its seventh annual Modern Wealth Survey. It took place in early March with about 1,000 participants. While all those people suggested an average $2.2 million to be wealthy, almost half of them said they feel wealthy with just $560,000 because of other non-financial assets...

...If you’re not a member, please take a moment to sign up. It’s free and will help guide you toward the kind of financial freedom that you need to reach your goals. Just go to newsforinvestors.com. You’ll also find a link in the show notes for the Charles Schwab story. And don’t forget to subscribe to this podcast and leave a review!   Thanks for listening! Kathy Fettke   Links:   1 - https://pressroom.aboutschwab.com/press-releases/press-release/2023/Schwabs-Modern-Wealth-Survey-Reveals-Nearly-Half-of-Americans-Feel-WealthyBut-With-a-Twist-They-Dont-Measure-It-in-Dollars--Cents/default.aspx