[geomark]

Yes. Being wealthy is a feeling, the feeling of abundance. That feeling can be achieved at many income levels. It depends on the person's character.

A person with modest material desires can feel very wealthy with only a modest amount of money. It is more than they ever need to be happy. They may be inspired to donate the excess to help others.

Another person can be making silly amounts of money but it is never enough, never feels like an abundance to them. They grasp for more, become ever greedier, needier. Despite having vast amounts of material things they are actually the opposite of weathy.

[dustinmoris]

Wealth is only a feeling if you don't spend more than you earn. A lot of people who makes millions per year feel poor because with an increased income they exhibit an overly expensive life style. They are still in the same rat race as everyone else and that's why people with a lot of income still take drugs, feel lonely, get divorced and have partners cheating on them and all the other problems that every human being has.

The only thing money can really do is buying opportunity, and it is extremely subjective which opportunity makes one happy. An old person coming from a different time finds the opportunity to drive a loud car which makes a lot of noise and burns a lot of fuel to accelerate quickly from 0 to 100 a "pleasure", whilst other people find the opportunity to drink a Colombian coffee and eating an avocado sandwich a pleasure and someone else finds the opportunity to spend an evening playing board games with their family extremely enjoyable. You only need as much money in life as it requires to get the opportunities which make you happy. Beyond that you are wasting time and energy chasing something which doesn't buy you much. That is the advice we should give young people.

[kranner]

Great advice.

Also, it would make sense to cultivate hobbies and things to be happy with that don't need a lot of money.

Earlier in life is also a great time to experiment with lots of such things, as a parallel with Hunt's article. You can seek out new experiences at any age, but it's just easier when you're young and don't have a lot of responsibilities.