Wealth

What Does Wealth Mean?

By Nest Wealth on 29/09/2016Article 5 Minute Read

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Perhaps the greatest financial myth is that wealth is just about money, and the more you have, the richer you are. We’re about to turn that idea on it’s head, because while money does have to do with wealth, there’s a difference between being “rich” and being “wealthy”.

Perhaps the greatest financial myth is that wealth is just about money, and the more you have, the richer you are. We’re about to turn that idea on it’s head, because while money does have to do with wealth, there’s a difference between being “rich” and being “wealthy”.

According to the Merriam-Webster dictionary, being rich literally translates to “having a lot of money and possessions.” The concept of wealth however, is more subjective and the meaning of wealth will vary from person to person, but it’s more than an abundance of money.

The Purpose Of Money: A Means To An End

In order to understand wealth, we need to understand the purpose of money. Generally, security and independence are often associated with money, because having enough of it lets us do what makes us happy. However, we all know money alone doesn’t equal happiness, and as James Berman once said, “beyond money for basic needs, wealth remains more a psychological construct than a factor of dollars and cents.”

How would you spend your time if you weren’t concerned with meeting your needs? Join Nest Wealth to free up your time today, while building your wealth for tomorrow. Click here!

Having Wealth Means Having More Time, More Freedom, and More Choice

Your definition of wealth will depend on who you are, your interests, your stage in life, and ultimately what your values are. To us at Nest Wealth, wealth means having more time, freedom, and choice. More time for our clients to spend on the things that matter most to them, more freedom for our clients to spend their time as they wish, and more choice as to how our clients spend their time and freedom on what brings them the most happiness.

Looking at it another way, to the young professional, wealth may mean being able to afford rent, food, and some after work drinks with coworkers. To the athlete, wealth may mean being able to afford equipment and training. To the cancer survivor, wealth may mean having a clean bill of health. And to the grandmother with five grandchildren and three great grandchildren, family may be the greatest form of wealth. See how the meaning of wealth changes depending on what our values are?

If you value your time, freedom, and having a choice, click here. We can help free up your time today, while building your wealth for tomorrow. Click here!

We Value You, Canadian Investors.

At Nest Wealth, our goal is to provide Canadian investors with more financial wealth. In order to do this, we start by completely customizing each and every portfolio for our clients (no two clients are the same, so why would they have the same portfolio?), and we’re the only online wealth manager in Canada to do this.

We also provide sophisticated financial advice (all clients have a dedicated Portfolio Manager that’s easily accessible online, over the phone, or in person), proper diversification, and systematic rebalancing.

Here’s the best part – instead of taking a percentage of your assets for services, we charge a flat fee to our clients (starting at just $20/month and capped at $80/month!), because we know that every dollar saved on fees is a dollar added to your bottom line. As we like to say, a dollar saved and well invested is more than a dollar earned!

If you’re investing in expensive mutual funds, see how much more you could save and invest by clicking here.

Nest Wealth Frees Up Your Time Today, While Helping You Build Wealth For Tomorrow

As Stephen Swid once said, “being rich is having money; being wealthy is having time.” Traditionally, investing for Canadians has been expensive (we pay the highest investment fees in the developed world!), and time consuming (do you really want to spend your free time learning all that jargon? Didn’t think so.). With more options available for wealth management, investing doesn’t have to remain expensive and confusing. In other words, wealth management shouldn’t manage to take so much of your wealth, and now, you have a choice.

Do you want to keep giving away your hard-earned dollars to fees? Or would you rather keep more of your money so you can be wealthier and, as Henry David Thoreau once said, have the ability to fully experience life? If it’s the latter, click here.

Want More Time, Freedom, and Choice In Your Life?

As the saying goes, you can always make more money, but you can’t make more time. We take care of your portfolio so you can spend less time managing your investments and more time on the things that money can’t buy, which are often the things that make us happiest (like our family, friends, and hobbies).

Open An Account Today!

If you had more time, more freedom, and more choice, what would you do with it? Get your money working for you so you don’t have to work so hard for it by signing up (click here!). We’ll help free up your time today, while helping you build wealth for tomorrow. #NestIsMore

Start building your customized portfolio today, click here!