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The difference between income and wealth

getrichslowly.org

Income and wealth are related, but it's a complicated relationship

A high income can lead to great wealth — although it doesn't always — but they're not the same thing. Earning money is only part of the equation. What you do with the money you earn has a profound impact on your wealth. 

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The Difference Between Income and Wealth

  • Income is earning money. Yes, it's the primary piece of wealth creation, but income itself is not wealth.
  • Wealth is having money. If you have a lot of money, you are rich. If you don't have much money, you're poor.

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