Tuesday, February 09th, 2010

Measuring your real wealth

Posted on: Nov 9th, 2009 | By Andrew Snyder | Filed under Notes From the Investment Underground

Baltimore (TFN):
What is wealth? It is a question all of us need to ask ourselves every so often. If not, we lose track of where we are heading and where we’ve been.

As you’re reading this, I am nowhere near my computer. In fact, I’m not even in the office today. I spent the last three days increasing my “wealth.”

We all have different definitions of the word. Some of us give it a strictly monetary connotation. There is nothing wrong with that. In its most straight-forward definition, wealth is the abundance of money.

But if I can take the risk of getting touchy-feely for a minute or two, I’d like to take it a bit further. To me, wealth is the abundance of everything good in our lives.

If that truly is the case then move over Warren Buffett and Bill Gates, I am one wealthy guy. I bet you are too.

Like I said, I just spent the last three days with my beautiful, young bride and her equally stellar mother.

We spent the weekend at the beach. It’s Alaskan mother-in-law’s first trip to waters of the Atlantic. The opportunity to share my life-long passion with somebody that has never witnessed its majesty before is something I wouldn’t trade for even the hottest of stock tips.

But we had to cut our trip short. You see, in just a couple of hours, I’ll get the first snapshot of my largest investment yet (literally and figuratively). My wife is just ten weeks into what is going to be a lifetime love affair. She gets her first sonogram at five this afternoon.

Talk about wealth.

I could go on and on, but you don’t care. What you care about is your own wealth. There has never been a better time for an audit.

With soldiers killing soldiers, hedge fund managers stealing billions, a government that has lost its way and a country that appears to have dropped all moral responsibility, it is vital for folks like you and I to figure out how we value ourselves.

What is it that we want?

Health. Family. Stability. Food. Love. Life. Liberty. Happiness.

Of course, financial wealth plays a large role in all of those things. After all, if money is the root of all evil, isn’t the foliage of that is good?

As so many of us out here in the world of finance fight against Washington’s latest moves, it is important to set the issue of money aside. Too often, our political thoughts hinge on the question, “What’s this going to cost me?”

But what about all those other things?

How is healthcare reform going to affect my unborn child? How is a bigger government going to make it easier for me live a stable life? How are bonus caps going to make it easier for me to stay in love with my wife?

None of those things impact our real “wealth,” yet our government is hell bent on the idea that they are going to make all of our lives better.

Like I said last week. Vote ‘em all out. You’ll be wealthier for it.

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About the Author

Andrew Snyder spent the first year of his career learning the intricate details of the financial industry as an advisor. But after realizing immense success, he wanted to spread his message to more than a handful of select clients. That is when he came to Today's Financial News and its sister publications. In addition to being a regular contributor to Today's Financial News, he is the Senior Editor of TFN Strategic Trader. With hundreds of articles, columns, interviews and even a book under his belt, Snyder's hard work and unique insight have been highly touted ever since.

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Today's Financial News provides an independent and practical perspective on the U.S. and global investment markets. We provide you with a free, reliable, easy, up-to-date, and focused resource to help you make your financial decisions with commentary, interviews, recommendations, and video. Today's Financial News includes the analysis and opinions of those editors whom we have come to trust over the course of the years.

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