The Difference

• Wealth is the collection of resources we can use. You can have wealth without having money. Money is a way of moving wealth, and in practice they are usually interchangeable.
• Money intermediates transactions.  In a specialized society, most of the things you need, you c...

Wealthy people have sustainable access to money, often for a very long period of time. Their habits are now aligned with the wealth that they have incurred.

Pseudo affluence, on the other hand, is what people experience when they are currently earning lots of money and start to be...

• The difference between investing or speculating, is not about what you buy, but why you buy—and that varies for people based on their financial goals.
• For example, a low-income earner near retirement won’t want to chase a short-term upswing. In cont...