So I’m reading the forums over at StevePavlina.com and came across this post where the author describes their conflict with the correlation between wealth and success. I thought about replying immediately in the forum, but thought it would be a good topic to blog about here; you know, being as this is a personal finance blog

Naturally most of us would logically say “no” to the question. Why though? Well, it all comes down to wealth being a (more or less) physical thing. More money, bigger house, more toys, etc., etc. Success on the other hand is a state of mind, a feeling of certain accomplishment, a checkmark on your achievement list. Certainly for some a specific monetary value will equate to success and for those wealth will equal success. For others it is becoming debt free, reaching a certain level in their company, or any number of other personal achievements. The question is very similar to the age old question “Does money equal happiness”.

So, does wealth=success? Absolutely…and absolutely not. As Woody Allen has said “Money is better than poverty, if only for financial reasons”.