My son is at an interesting age as he now comes home from school and asks all sorts of interesting questions.   The latest one was whether or not we were wealthy?   I asked him why he asked but he didn’t answer.  I then explained to him that we weren’t wealthy and that some people would definitely consider me wealthy.

I explained that all the bank account statements, brokerage statements, stock options and other things that are identified as “wealth” are all in my name and not in anyone else’s name so “we” weren’t wealthy but I was in the context of the question answered.

He laughed and got a big kick out of it.