If we’re going to talk about wealth statistics in the United States, I should probably clarify up front that the numbers aren’t going to be limited to folks you and I normally think of as “wealthy.” If you have a home and a checking account, you’re part of the wealth. If you have a small business with some inventory and a few years of keeping the doors open behind you, you’re part of the wealth. If you drive a car and eat at restaurants from time to time and aren’t on the run from the law for defaulting on every dollar you’ve ever borrowed, you, my friend are part of the wealth.
Wealth management is about being aware of your money, whether you have a LOT or a LITTLE. It’s about paying attention to where it comes from and where it goes. That’s not a rich thing or a poverty thing or an educated thing or an ignorant thing, and it’s not about being petty or greedy or denying yourself little pleasures here and there. It’s being mindful about the resources in our care. It’s about doing right by ourselves and those for whom we are responsible. It’s about trying to pay attention today so that tomorrow doesn’t completely suck.