Are You Rich?
by Kimberly Danger

Money is the number one topic couples argue about, and is a common reason for divorce. Financial strain can also contribute to health problems like stress, anxiety and even depression. The average household carries some $7,000 as a credit card balance every month. If not having money is bad, then having lots of it is certainly much better then, right? Well, maybe not.

There’s no doubt that financial security can bring about a less stressful environment in your home. It can also bring you opportunities that you might not otherwise have. It should be every household's goal to be free of consumer debt, but beyond that, the amount of money that is "enough" widely varies.

We can get into trouble when we start projecting what's right for ourselves onto others. The amount each of us needs can be very different depending on where we live, our fixed expenses and what our personal goals are. Someone may be very content on a small income, while others with big aspirations or goals may be prompted to "go for the gold". There's nothing wrong with either philosophy. As the saying goes, “Different strokes for different folks.”

What numbers do you use to define who is rich or poor? The government defines poverty lines according to income, but I think we've all seen examples of families on very small incomes do better with their money than those who make six figures. A net worth calculator can be a valuable tool in letting you know if you're on track in achieving your goals, but they're just that: YOUR GOALS. Not your neighbor's goals. It's up to each and every individual to define that for him or herself.

The slogan "He Who Dies with the Most Toys Wins" is a destructive way to lead your life. If you're wrapped up in only accumulating more things, you're bound to miss out on life's simple pleasures. While material things can certainly enhance your life, they can't be your main focus. Live your life in pursuit of experiences that nourish your soul, and allow you to give back. Only then will you truly feel rich.

Five Ways to Feel Truly Rich:

• Eliminate consumer debt and live within your means
• Live your life in gratitude of what you already have
• Develop relationships with family and friends
• Pursue goals that allow you to use your gifts and talents
• Give back to your community and causes you believe in


About the Author: Kimberly Danger is the owner and publisher of Mommysavers.com, a site for moms living well for less. Portions of this article first appeared in her blog, Forget the Joneses. http://www.mommysavers.com