Be as rich as you feel
MILLIONAIRES are rich, aren't they?
Maybe not. Only five per cent of Australian millionaires believe they are prosperous.
It's a statistic that 79-year-old Frank Luxton was disgusted at but not surprised.
'People are more greedy today, the more you get the more you want,' he said. Frank believes it is a symptom of today's society.
'You have to keep up - cars, boats, computers,' Frank said
'They find no happiness out of everyday things.
'They can't make their own entertainment, they've got to buy it.
The notion is something the study by the Australia Institute supports, and the report's co-author said the continued pressure to earn more only led to increased dissatisfaction.
The report found that seven percent of Australia's millionaires consider themselves poor or only just getting along.
Frank has seen people's attitude to money change over the years and said being happy and feeling rich came down to people's approach to life.
'We didn't even have a TV when I was young but we managed,' Frank said.
'You need to adapt to life and accept what comes along and improve it.
'If you've got more money in the bank than you live on you're a healthy, wealthy person.'