BEIN RICH V. BEIN WEALTHY The thing that make the two differ is knowledge!!!! Bein rich basically just means havin alot of money... As fast as u earn that money you can lose it! Bein weathly not only mean having money but bein smart about how u use ur money!!! Wealthy people know how to make money while rich people only have money. Being wealthy is defined as that status of an individual’s existing financial resources that supports his or her way of living for a longer duration, even if he or she does not work to generate a recurring income. Wealthy people can build sustainable wealth that can last for years through asset investments producing multiple streams of income. Rich people, on the other hand, may get money in an instant such as inheritance or winning a lottery. However, because of lack of proper mindset and poor money management skills, all of it can be lost in a short period of time. It makes sense that if you did not work hard to earn and build it, then it can just easily pass on your hands and splurge it on things which are not important. Some of these people are more commonly known as ‘one day millionaires’. Now they have it, the next time they don’t.
Posted on: Mon, 07 Oct 2013 21:17:15 +0000