Introduction

Understanding wealth and belonging often involves a deep dive into economic metrics and individual aspirations. However, being wealthy or belonging to the wealthy is not solely about the numbers. According to global wealth reports, such as the 2018 Global Wealth Report from Credit Suisse, the thresholds for wealth are remarkably high, with individuals needing at least $871,320 in total assets to be within the upper echelons of wealth. However, the sheer complexity of wealth distribution reveals a weird paradox.

Global Wealth Distribution and Paradoxes

Global Wealth Distribution is often a topic of fascination and concern, where Credit Suisse reports that over 19 million Americans hold assets exceeding $1 million. This figure places the U.S. at the forefront, but it's crucial to recognize that these figures are based on total assets, which can vary widely.

For instance, to be among the world's top 10 wealthiest individuals, one only needs $93,170 in total assets. This figure may seem low, but it highlights how wealth distribution can be skewed. Moreover, having just $4,210 can place you above half of the world's population. These numbers showcase the global wealth imbalance vividly. The Credit Suisse report notes that the wealth held by a few is staggering, but it's too early to say whether inequality is decreasing.

The Myth of Millionaires

The U.S. is home to the most millionaires, but not because of a high wealth-to-population ratio. Instead, the sheer number of millionaires in the U.S. stands out. However, the reality is that many Americans are in debt, and thus, more people globally are considered wealthy on paper. Interestingly, half of the world's population lives on less than $1 a day, making them more wealthy than the average American who is often in debt.

So, if the numbers don't fully capture the essence of wealth and belonging, what does?

Mentalities and Habits

At the core of true wealth and belonging is not just about numbers but mindset and vision. The individuals at the top of the global wealth ladder share similar habits, goals, and focus. They had the mindset of abundance and a strong focus before they even acquired their wealth. Belonging to the wealthy is more about adopting these habits and mindsets, which can be cultivated through financial literacy, resilience, and a vision for the future.

For example, while a mere $100 a month might yield a luxurious villa in some parts of the world, a consistent $1,000 a month can open up a myriad of opportunities. The key is to focus on what matters and prioritize spending on essentials and investments rather than unnecessary luxuries. Many things can be cheap, making it feasible to live a comfortable life without overspending.

Furthermore, the jobs in these areas may pay less, but the cost of living is also lower, making it possible to maintain a higher standard of living with fewer resources. This is a testament to the power of mindset and effective financial management.

Conclusion

The pursuit of wealth and belonging is a complex and multifaceted journey. While numbers like those outlined by Credit Suisse provide a snapshot of global wealth distribution, they do not tell the whole story. Ultimately, wealth and belonging are more about adopting the habits, mindsets, and vision of the world's wealthiest individuals. Understanding and emulating these wealth-building practices can lead to a more fulfilling life and a true sense of belonging within the wealthy community.