Pssst! you might be wondering how you want to live or to die. But i guess you want to live or die rich? Aaaah! Are you still confused? Or do you want to live or die wealthy? Haha now you are confused even more. don’t worry, everything is going to be right at the end.
Being rich can be defined as having an ability to produce or make money or wealth. Having a lot of money can be equated to being wealthy, because with enough money you can have anything you dream about. And being wealthy can be defined as having a lot of material possession including money.
Still confused? A poor money can be rich but not wealthy and a wealthy man can be wealthy but not rich! Led me use this example, if you take two people and give them $ 1000 and give them an opportunity to spend it as they wish, you will find out that one will use it to make profit while other will use it in ‘unusual manner’.
What did you find out from the above experiment? You find out that the one who used it to make profit has an ability to make wealth or money and hence he is rich. While the one who spend all his money without making profit is not rich but was wealthy when he was with money. He can easily become broke.
This is why a man can win a lottery with great fortune and end up being poor again in a short period while a poor man become a billionaire from as little as $10!
Are you rich or wealthy?
I think I will do both
Why do you think so?
Your article challenges conventional notions of wealth by suggesting that true wealth is not solely determined by monetary assets but also by one’s ability to generate sustainable income and maintain financial stability. The author’s emphasis on the potential for individuals to transition from poverty to prosperity through wise investments and prudent financial management adds depth to the narrative.