Rich or Wealthy?

32
1.5K followers
Updated

Hi everyone,

As many here in WA are progressing with the online businesses. I wanted to share a financial though I think you will enjoy.

Their is a significant difference between being rich and wealthy. The definition of wealth is the number of days you can survive without physically working and still maintain your stand of living. For example if your monthly expenses are $2000 and you have $20 000 in savings, that means your wealth is 10 month. In other words, you measure wealth by month not dollar. If your monthly expenses are $1000 and you have $20 000 in savings, that means your wealth is 20 month and so on. It not how much you earn that matters, its about how much you keep that is very important. So you can earn a lot of money, being rich, but it doesn’t mean that you are financially wealthy.

Hope you all will have a productive day :)!

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Recent Comments

32

Hi LTran, looks like we were thinking along the same lines today. I invite you to read my post today: http://www.my-linker.com/hop/economy

That's fantastic :)

Thank You, LTran

Thanks for sharing, LTran. Have a nice day.

Thanks you so much Wepi for reading it! Have a great day!

Thanks LTran, for the words of knowledge, never heard it put that way.

Thanks you so much shonuff51 for reading it. Hope you got something out of it :)!

Good to know. thanks!

No problem. Glad that you took time and read the post :)

How true that is sad to say most of the population is living on borrowed money living paycheck to paycheck it will only take one crisis to put them out.

Thats true!

Great post, Lina. I like it. Thank you.

Thanks my friend :)! Hope you are doing great?!

There are many facets of wealth. Financial, emotional and spiritual. I think I try to be balanced in all three to be truly wealthy. ...I am still working on it!

Absolutely! You can achieve it :)!

Excellent post Ltran. Thank you for sharing.

Thank you for reading :)!

It's also how you see and value life that make you wealthy. What you invest in your self, you can withdraw later. Thanks for a good post. Keep up the good work :-)

Thank you! Hope you are doing great with WA :)!

I didn't know that Lina, thank you for information. I am zero wealthy!

Hi Patrick,

Hope you are doing great :)! Glad that you enjoyed the post! Looking forward to talk to you again on this Sunday 15th :)!

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