The Difference Between Income and Wealth - Deepstash
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The Difference Between Income and Wealth

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

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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"In fact, the confidence of the people is worth more than money." ~ Carter G. Woodson

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The Difference Between Wealth And Money

The Difference Between Wealth And Money

  • 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...

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

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. 

True Wealth Is What You Don’t See

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...

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