Rich VS. Wealthy

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Do you know the difference between being rich and being wealthy?

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What does it mean to be rich?

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Being rich is measured by how much they actively earn at their job. Rich simply means they make a lot of money by working in their full-time job.

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What does it mean to be wealthy?

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A person’s wealth is not measured by how much they actively make (i.e., a full-time W2 job). Instead, their wealth is measured by how much time their money can buy them.

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Steps to being wealthy

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1. Create A Budget 2. Reduce Spending

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3. Pay Off Debt 4. Build An Emergency Fund 5. Start Investing

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Rich people may brag HOW MUCH they spend, but wealthy people share HOW they save!

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