Rich or Wealthy?

1.5K followers

11 years ago

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

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dcomeau

11 years ago

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

LTran

11 years ago

That's fantastic :)

dcomeau

11 years ago

Thank You, LTran

Wepi

11 years ago

Thanks for sharing, LTran. Have a nice day.

LTran

11 years ago

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

shonuff51

11 years ago

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

LTran

11 years ago

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

ROiiiY

11 years ago

Good to know. thanks!

LTran

11 years ago

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

sjulius

11 years ago

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.

LTran

11 years ago

Thats true!

Wondermn

11 years ago

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

LTran

11 years ago

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

Qcalvert

11 years ago

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!

LTran

11 years ago

Absolutely! You can achieve it :)!

TebzaTheMan

11 years ago

Excellent post Ltran. Thank you for sharing.

LTran

11 years ago

Thank you for reading :)!

jtb527

11 years ago

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 :-)

LTran

11 years ago

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

kpatrice

11 years ago

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

LTran

11 years ago

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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