Wealth vs. Rich
Wealth is what you have, being wealthy is not spending money you don't have. Spending a lot on things is the fastest way to feel rich, but not the way to be rich.
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This book underscores the importance of recognizing the price of success and avoiding extreme financial decisions to achieve long-term financial well-being and independence
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Similar ideas to Wealth vs. Rich
True Wealth Is What You Don’t See
Spending money to show people how much money you have is the fastest way to have less money.
We tend to judge wealth by what we see because that’s the information we have in front of us. But the truth is that wealth is what you don’t see. Rich is a current income. Nice cars...
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.
Rich Vs Wealthy
- Being rich is having the ability to spend lots of money now;
- Being wealthy is accumulating assets that allow to you preserve your money for use in the future.
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