‘Being rich’ is an empty goal, says the founder of a popular finance website — and too many people are completely missing the point of building wealth

Money shouldn’t be seen as a material to be hoarded but as a way to live a good life

If society views wealth accumulation as an achievement, it will continue to repeat a cycle of wealth-hoarding that produces wealth inequality and lacks meaning

What it takes to “be rich” is subjective — but for many people looking to grow their wealth, establishing a target number and saving and investing until they hit it is one way of getting there.

But that practice defeats the purpose of building wealth, the personal-finance site The Financial Diet said in a tweetearlier this week.

“‘Being rich’ is among the most empty goals a person can have,” the tweet said. “Accumulating money for the sake of a number misses the point entirely — life should be treated as a story you are writing, and money should be the ink that helps you write, not the story itself.”