Rich or Wealthy?

Last Update: March 09, 2015

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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Wondermn Premium
Great post, Lina. I like it. Thank you.
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LTran Premium
Thanks my friend :)! Hope you are doing great?!
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Qcalvert Premium
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!
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LTran Premium
Absolutely! You can achieve it :)!
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TebzaTheMan Premium
Excellent post Ltran. Thank you for sharing.
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LTran Premium
Thank you for reading :)!
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jtb527 Premium
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 :-)
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LTran Premium
Thank you! Hope you are doing great with WA :)!
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kpatrice Premium
I didn't know that Lina, thank you for information. I am zero wealthy!
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LTran Premium
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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