One question I have been asking myself for some time is whether money equals wealth. It seems that the answer to this question is yes, money definitely equals wealth.

Another question I have been asking myself is whether Americans are wealthy or not. Since so many Americans are in debt, owning a house or a car does not mean that they are wealthy. Usually, a family with the biggest house on the street is not necessarily the wealthiest family out there. Very often, it is easy to take a loan if you know that you might not be able to pay it back.

My advice is to evaluate how wealthy you are and then make your decisions accordingly. Every time you are about to take a loan, ask yourself whether you are going to be able to repay it or not.