passrichness

Passrichness is a term that has emerged in certain online communities, particularly within discussions related to personal finance and investment strategies. It generally refers to a state or perception of having accumulated sufficient wealth or financial security to no longer feel the need to actively pursue more income or investment gains. This can manifest as a sense of contentment with one's current financial standing, allowing for a shift in priorities away from wealth accumulation and towards other life pursuits such as leisure, philanthropy, or personal development.

The concept is not a formally recognized economic term and its meaning can vary depending on the context and the individual. Some might associate passrichness with achieving financial independence, where passive income streams cover all living expenses, thereby removing the necessity of traditional employment. Others might interpret it more subjectively, indicating a psychological threshold where the desire for more money diminishes due to a fulfillment of personal needs and goals. It's important to note that passrichness does not necessarily imply an absence of financial goals, but rather a change in the motivation behind them, moving from a place of necessity to one of choice.