Wealth is not defined by how much possessions you have. Most of the things people keep around and use as a measure of wealth are indeed liabilities.
Wealth is measured by time, not money. It is the number of days you can survive without physically working and still maintain your standard of living.
In other words, one may not have much money in the bank but if he has assets that are producing positive cash flow into his pockets, he is wealthy as long as the cash flow supports his lifestyle.
Anticipate #FINTELFrankTalk on my Facebook page from Monday, 2nd October, 2017.