I have three kids and hobbies. If I knew I didn’t have to work another day and could take care of my wife and kids and pursue my hobbies, all while leaving behind a nice inheritance for my children and grandchildren, I’d feel wealthy. That’s probably somewhere in the $50-100m range.
Rich? I feel rich now. I’m a fortunate person. I have a wife that makes a lot of money, I make a decent living working at something I am passionate about. I own shares in my company that are increasing in value. So no complaints.
But.. what I’m after ultimately is generational wealth. I want my future great-grandkids to be appreciative that great grandpa Clausnitzer started Forever Labs. I want my kids and grandkids to be a part of a dynasty of innovation. Having financial freedom, if coupled with drive, creativity and intelligence can lead to good things, I think. I want my kids to have those things.
And, I want my wife to have her dream house and me to have my dream music studio. Once I’m wealthy I’m going to contract kleinbl00 to help me set it up and design it :)