Rich vs Wealthy? What should be your goal?
There is nothing wrong with being rich. But, what should be our goal?
What does it mean to be rich?
A person’s level of 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.
What does it mean to be wealthy?
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.
Steps on how to be wealthy
1. Create A Budget 2. Reduce Unnecessary Spending
3. Pay Off Personal and Student Debt 4. Build An Emergency Fund 5. Start Investing
Rich people may brag HOW MUCH they spend, but wealthy people share HOW they save!