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When Are You Rich?

Name: When Are You Rich?
Uploaded: 2025-06-28T15:00:42+00:00
Duration: 30 s
Channel: Shanli Liu, CPA, CTP
Description: In this brief monologue, the speaker reflects on the relative nature of wealth and adopts a behavioral definition of being rich, citing "Jimmy's"…

28 Jun 2025 · 1 min

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In this brief monologue, the speaker reflects on the relative nature of wealth and adopts a behavioral definition of being rich, citing "Jimmy's" perspective: a person is rich when having more money would not alter their actions. The speaker emphasizes that this definition ties wealth to the point where additional money no longer adds value or changes behavior, suggesting that once this threshold is reached, one has achieved the pinnacle of personal wealth. The speaker then poses a self‑question—whether more money would change what they do—to illustrate how one can assess their own status against this definition.

Chapters

I think rich, rich is relative, right? I think there might be many rich people in here this evening, and here's how I define rich: if having more money wouldn't change what you do, then you're rich. The reason I like Jimmy's definition so well is because he actually ties it to behavior, which is that if you have no change in behavior based on a change in condition, which would be increasing money, then you've already achieved a state where money no longer confers additional value. And so that would then mean that you've reached the pinnacle of wealth for you. Right now, does more money— would I change what I do if I had more money? If the answer is no, you've won.