Comments on: What is an asset? What does it mean to be wealthy? http://www.tomspencer.com.au/2008/04/20/what-is-an-asset-what-does-it-mean-to-be-wealthy/ An evolving perspective on management consulting, business strategy and investing Fri, 30 Jul 2010 13:28:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Tom http://www.tomspencer.com.au/2008/04/20/what-is-an-asset-what-does-it-mean-to-be-wealthy/comment-page-1/#comment-32 Tom Tue, 22 Apr 2008 13:31:25 +0000 http://www.tomspencer.com.au/?p=10#comment-32 Hahaha, very true James. On my definition, you are perhaps the poorest man in the world. Hahaha, very true James. On my definition, you are perhaps the poorest man in the world.

]]> By: James Cox http://www.tomspencer.com.au/2008/04/20/what-is-an-asset-what-does-it-mean-to-be-wealthy/comment-page-1/#comment-31 James Cox Tue, 22 Apr 2008 09:22:57 +0000 http://www.tomspencer.com.au/?p=10#comment-31 Based on your accepted definition of wealth... In the eye of this beholder... I need $1,200,000 a month to be generated from my assets each month to be wealthy... This asssumes a daily spend of $40,000 to cover overt expenditure, international trips, showering of gifts for girlfriends, showering of gifts for grilfriend's girlfriends and general opulence. Thus the eye of this beholder requires net assets of approximately 240 million assuming asset growth of 6% per annum to be wealthy. I better keep studying finance to increase that 6%! Based on your accepted definition of wealth…

In the eye of this beholder…

I need $1,200,000 a month to be generated from my assets each month to be wealthy…

This asssumes a daily spend of $40,000 to cover overt expenditure, international trips, showering of gifts for girlfriends, showering of gifts for grilfriend’s girlfriends and general opulence.

Thus the eye of this beholder requires net assets of approximately 240 million assuming asset growth of 6% per annum to be wealthy.

I better keep studying finance to increase that 6%!

]]> By: Tina Russell http://www.tomspencer.com.au/2008/04/20/what-is-an-asset-what-does-it-mean-to-be-wealthy/comment-page-1/#comment-21 Tina Russell Sun, 20 Apr 2008 09:00:36 +0000 http://www.tomspencer.com.au/?p=10#comment-21 I finally decided to write a comment on your blog. I just wanted to say good job. I really enjoy reading your posts. Tina Russell I finally decided to write a comment on your blog. I just wanted to say good job. I really enjoy reading your posts.

Tina Russell

]]> By: Tom Humes http://www.tomspencer.com.au/2008/04/20/what-is-an-asset-what-does-it-mean-to-be-wealthy/comment-page-1/#comment-20 Tom Humes Sun, 20 Apr 2008 08:44:53 +0000 http://www.tomspencer.com.au/?p=10#comment-20 Nice Site layout for your blog. I am looking forward to reading more from you. Tom Humes Nice Site layout for your blog. I am looking forward to reading more from you.

Tom Humes

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