Category: Finance

Many people categorize me as an extremely frugal person; Fortunately I am Dutch, so it is expected of me to be cheap and it does not bother me. Money is a valuable commodity. It is even more valuable when you understand the time value of money, or opportunity cost.

When reading about wealth, a variety of numbers get thrown around about when a person can be called rich. It is usually quantified by the amount of money you own. There are some issues I have with this method of quantifying wealth.