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The Difference Between Rich and Wealthy | Wealth is Measured In Time | "Master Investor" #wealth
The Difference Between Rich and Wealthy | Wealth is Measured In Time | "Master Investor" #wealth #biz #livestreaming #business #live #masterinvestor
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Summary:
Most individuals are unaware of the distinction between rich and wealthy.
We can tell if we are affluent or not by looking at our Wealth Number.
Our retirement may be made or broken by our route to wealth.
The distinction between wealth and riches
People sometimes confuse being wealthy and being rich, believing that they are interchangeable terms.
Let’s learn today the distinction between wealth and riches.
A lot of people mistakenly believe that having money and being wealthy are synonymous. However, there is a distinction between the two: the wealthy don't worry about money, while the rich have a lot of it.
What we are saying is that although having a lot of money does not guarantee that we won't have many expenses that keep us up at night. These could include costs for credit cards, private school tuition, mortgages, auto payments, and more. To put it briefly, wealthy people frequently attempt to stay in the Rat Race. The purpose of community here at masterinvestor, is to assist anyone escape the terrible world that is refer as the Rat Race. Rich people typically have high-paying jobs that require daily commuting in order to pay for the Rat Race. It's likely that they also worry about losing their job or being laid off.
Having money relieves us of these concerns. Why? What makes a difference?
The majority of people are unaware of what it takes to be truly affluent. Actually, a lot of people mistake being wealthy for being rich, meaning that being wealthy means having a lot of money to spend but not truly being financially independent.
What constitutes wealth
The term "wealth" can be defined in a myriad of ways. Wealth is a person's ability to thrive X number of days forward without working for earned income to sustain the ideal lifestyle.
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