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How much money do you need to feel wealthy?

Posted by Angela Nelson, Boston.com Staff  July 25, 2013 05:16 PM

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The financial services firm UBS asked more than 4,000 of their investors if they thought of themselves as being rich. Most people who said yes have a financial worth of $5 million or more.

Aside from a dollar amount, people defined being rich as getting what they want when they want it.

So is that not the case with people who earn between $1 and $5 million? Maybe not. UBS found that 28 percent of people in that bracket consider themselves to be wealthy.

Tell us how you define being wealthy.

Read the report here.

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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D. Abraham Ringer is a CERTIFIED FINANCIAL PLANNER practitioner and a Financial Adviser with Morgan Stanley Global Wealth Management in Boston. He is registered in MA, NH, NY and several other states to which his articles are directed. For more information please visit www.morganstanleyfa.com/ringer
Financial Planning Association™ of Massachusetts has 900 members who specialize in the financial planning process. Many of its members engage in philanthropic pro bono work in their communities, recommend legislation, elevate public awareness, promote financial literacy, and advocate for sound economic and tax policies.
Odysseas Papadimitriou is the founder of CardHub.com, a credit card and gift card marketplace, and WalletHub.com, a personal finance site. He has more than 13 years of experience in the personal finance industry, and previously served as senior director at Capital One.

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