Bitcoin Forum
October 17, 2026, 07:44:46 AM *
News: Latest Bitcoin Core release: 31.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Being rich and being wealthy are two different things.  (Read 686 times)
Jasmyne
Full Member
***
Offline

Activity: 210
Merit: 101


Always Practice Love


View Profile
October 16, 2026, 09:18:19 PM
 #81

The hardest part of financial freedom, aka being wealthy, is making a lot of money. From making a lot of money, an investment mindset comes in. Through making a lot of money, there is financial power to go into business and diversify income. It won't take long until the person begins to earn from his business or his investment. That is how wealth grows.
First of all you become wealthy by your mindset (thought). The moment you start making good money you will start to unleash all the ideas you thought and reserved in your inner mind and that is where investing and developing a business comes in. When you have money you will have different offers, different ideas and so many people coming to meet you for partnership but based on your plans before the money arrived you will be very good with your calculations and expenses by so doing you will move from becoming rich to being wealthy because the money you have made through your plans will be used to expand you into converting your money to wealth.

Berry2d
Sr. Member
****
Offline

Activity: 826
Merit: 270


With God all things are possible


View Profile
October 16, 2026, 09:55:02 PM
 #82

Most definitely, there is a big difference between someone that's rich and wealthy, although you cannot move from zero to wealth. To achieve wealth one must be able to understand financial management and how to use what they have to make more money. Not everyone that's rich ends up becoming wealthy, as a matter of fact most of them even end up becoming broke. Money doesn't last when it is not multiplied, a person might be rich today due to the amount of money in his or her bank account but without any investment all that money will get exhausted at some point.

Yes the possibility of a rich man turning wealthy is not sure or even certain compared to them becoming poor after mismanagement during investment periods. 
With the fluctuating economic situations at hand now, i will say it takes those with good management qualities to transform riches to wealth.
Management qualities is the answer to all the problems associated to failure or success,  those with good management qualities easily control riches and make dreams come to reality  at a long run but those without it can easily turn all efforts to zero.

coin-investor
Hero Member
*****
Offline

Activity: 3724
Merit: 642


Leading Crypto Sports Betting & Casino Platform


View Profile
October 16, 2026, 10:24:40 PM
 #83


In my opinion, being rich is about how much money you can gather in earnings from different sources, and being wealthy is how much you can utilize, invest, manage and preserve those diverse earnings.


We all have definitions of being rich and being wealthy. I like and adopt these definitions that I saw online
Quote
Being rich is having money, being wealthy is having time
. You may have all the money in the world, but if you have no time for what's valuable, then you are considered lonely and poor.

There's nothing like living a simple life, modest earnings, and a modest lifestyle are a key to long life and good health. I have seen people working hard to make money only to end up miserable because they don't have time to have real human relationships.

██████████████████████████████████████████████████████████████
████████████
▀▀███████▀████████████████████████████████████████
██████████
▀██▄▄████▄██▐████▀▀███████████▀▀████████████████████
█████████
▌██▐██████▌██████▌█▐█████████████▐███████████████████
█████████
▌█████████▄▄▄██████▀▀▀▀███████▌█████▀████████████████
██████████
▄███▀███████▀▀██████▄██████████▐█▀█▄███▀▀███████████
████████████
▄▄███▀▀██▄▄▄▄██▐███▀██▄█▐█▌██▀█▄██▀██▄▄███████████
████████████████
▄▄███▀██▌███████▄█▌███████▐██▌███▀█▄██████████
██████████
▀███▄███████████▐██▌█▐████████▐██▐████▄██▀██████████
█████████
▌██▄███████████▄████▄████▄██▄██████▀▄█████▄▀█████████
█████████
▌██▀███▀▀███▄█████████████████████▄██▀▀▀▀▀█▄█████████
██████████
▄██████▄▄██████████████████████████▄▄▄▄▄▄███████████
██████████████████████████████████████████████████████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

 🎰  🎲 ..Play Smarter.. 🏀  ⚽ ..Play Now..
Apex_1
Newbie
*
Offline

Activity: 13
Merit: 0


View Profile
October 16, 2026, 10:36:33 PM
 #84

Being rich and being wealthy are two different things altogether, when someone is rich it means how much money the person make or spend at a particular moment that involves trading much time and energy just for money, and being rich can be temporary and vanish quickly if the source at which the person use in generating its income stops automatically. But being wealthy means when a person have a well sustainable asset that generates income for him and also providing steady cash flow with long term financial freedom and independence that gives him the power on how he intend to spend his money without fear, which it wealth is built to last across generations.
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!