Understanding the difference between rich and wealthy is an essential aspect to our perspective on money! It has nothing to do with the amount, but rather the time that is allocated to earn it. I won’t lie, growing up the goal was to be “rich”, it was an image of the fancy cars, the newest clothes and the expensive homes.
Let’s break it down like this, by being wealthy your objective is to build value and generate ongoing passive income. It offers you financial security and flexibility for the future whereas living rich could more easily be taken away. REMINDER: The Rich have Money, the Wealthy have Time.