Answer: Top 3 things that make people feel wealthy: spending time with family, having time to oneself, owning a home.

Questions:

• What makes you feel wealthy besides money?
• What do the #1 and #2 things that make people feel wealthy have in common?
• Given the opportunity to earn more money while giving up more of your free time, would you take it? 
• Do you think the answer to this question changes as you get older? Explain your answer.

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (from Schwab Modern Wealth Index):

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

More posts by Tim