Wealth at its simplicity
Wealth is defined as an abundance of valuable material possession(s), resource(s) and/or assets. Wealthy refers to an individual, region, community or a country possessing these valuable possession(s), resource(s) or in control of the assets abundantly. Though there is still no universal agreed definition for wealth, according to economists "anything of value" is defined as wealth
Without precise data, as of year 2000. 90% of global wealth is produced by North America, Europe and High-income Asian countries and as little as 1% of adults are estimated to hold 40% of world wealth.
Several economists distinguish wealth from richness as an accumulation of resources while richness as an abundance of such resources. Numerous factors contribute to the value of wealth including time, technology and location. In economics, wealth is the net worth of a person, household, or nation. That is the value of all assets owned net of all liabilities owed at a point in time.
To have wealth one needs to possess something of value. This could be in form of a product or service because people value different things. Creating wealth one has to produce something that other finds it valuable. The idea of plan to create wealth should revolve around what you like doing, personal desires and abilities, these desires most often relate to other people around you.
The mindset plays a fundamental role in creating economic wealth. You need to believe in your idea and that it is possible to accomplish your goal. Negative minds are to be disappointed at all time. Listen to your innermost subconscious mind all the time.
