Rich is a current income, someone driving a Porsche may be considered rich, irrespective of their wealth until he had a certain level of monthly income to afford Wealth is hidden, it's income not spent, it is an option taken not yet to buy something later.

Difference Between Rich And Wealthy 

Getting money request taking risk, being optimistic, and putting yourself out there.Keeping money request the opposite of taking risk. It requires humility and fear

Getting money is one thing , keeping it is another

If little growth serves as the fuel for future growth a small starting base can lead to extraordinary result that seem to defy logic.

You Don't Need Tremendous Force To Create Tremendous Result

You can build wealth without a high income but have no chance of building wealth without high saving rate.

Building Wealth

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

moneyandinvestments

Money & Investments

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.

Difference Between Rich And Wealthy

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