Difference between being wealthy and being rich

[leadpathfinder]

How to Get Lots of Money Fast

Everyone can do with getting more and more money in their life. Even millionaires and billionaires are looking to increase their wealth stream. There are people who are looking to generate more and more passive streams of income while majority of people in the world will only generate money through active efforts and many times struggle to make ends meet.

There are variety of methods online for generating money right from Affiliate Marketing, Google Adsense, Selling Audio and E-book products, Network Marketing and thousand others. However, have you ever realized why you are NOT the one who is making fast bucks out of this. I bet that everyone who reads these Ads feels the same way. There are very few actually who read the Ads and think.... " I am already doing this".

So what are the ways of making money fast? Actually there are none. Everything takes time and some effort is required. While this is the most common ingredient for making money, there is something more essential that the books and fast money gurus miss. It is elaborated below in 2 Secrets and it is strongly recommended that if you were doing speed reading on this article till now, now is the time to wake and attentively read this.

Everything that we are experiencing in our life is a result of our expectations from life. If you thought that you didnt have the right skill sets, the right degrees and as a result you are not getting money in your life, you are 100% off the mark.

Secret 1

All experiences in your life are a validation of your own expectations stored in your mind. All the expectations in your mind whether negative or positive always validate themselves on a real level. In future articles, I will try and elaborate on the mechanics of how this happens and what can we do to tweak these expectations. However for now, what we all must know is that if you think you are not making enough money learning new skillets will keep you where are you are now.


Secret 2

There is a difference between being wealthy and being rich. Wealthy people have money that others don’t have and their reference of wealth is guided by how much more they have than others.

Rich people always have more than they need.

So while rich people are always wealthy, wealthy people may not be rich. Wealthiness is guided by external standards while Richness is guided by internal standards.

Let me explain with a nice example. Did you ever had coffee in a very expensive restaurant which normal people cannot afford? This is a example of an expensive coffee a wealthy person just drank.

On the other hand, did you ever had a rich coffee, rich with aroma, with cream, rich with taste.

If you notice, the only component that matters in the wealthy example is Dollars or amount spent whereas in the rich coffee example is the value of the product to you internally.

As I have found that people have difficulty placing understanding the concept of wealth and richness, so I will take another example to explain the same.


Think of all the money you have with you in your bank or in hand, which you can spend easily. Now think of someone you know who doesn’t have that much money. So in reference to that other person, you are wealthy by the world standard, however you are poor if you think of someone who has more than what you have.

Now lets take the example of richness (or abundance). Can you remember a time, when you spend money on a holiday or in your daily life, enjoyed the experience and still had litlle more left with you to spend. This is an example of feeling rich internally. This feeling is always guided by the difference between how much money you have and how much money you need. If you always have a pattern of having less than what you need, you will always be poor (even if you become a millionaire) and if you always have more than what you need, you will always be rich (even if you are nowhere close to being a millionaire right now).


The problem with our society is that everyone is rushing to become Wealthy but very few are striving to be rich. In fact the problem with our society is that there are more wealthy people than rich people so our lives are not Rich. Our lives are guided by internal poverty.

In future articles, e-books and audio books I intend to teach people very simple methods of getting on to the way to becoming rich and whosoever takes that journey will be set free from the shackles of poverty forever.


How to Get Lots of Money for Anything-FAST | Make Lots of Money Fast | Stuart Lichtman is striving to create a paradigm shift in the world with a mixture of spiritual and scientific studies that can radically change the way we live our lives. Rohit Sharma is a coach, advisor and a partner who can create new results in your life using unique tools he discovered to change his life.

[JimOfferman]

Funny, I tend to associated "rich" with money and "wealth" with abundance. That is, I'm wealthy, but I'm not rich.

[Still Growing]

LPF,
I have a different definition of wealthy vs rich in terms of money.

Wealthy: Stored Abundance
Rich: Abundance on display

In my estimation there are three types of financial abundance.

1. Wealthy via stored abundance but no obvious forms of richness. Ex: would be many farmers who live simple lives. A lot of people don't know this but the most common vehicle of millionaires in the US is a Ford F150 not a Mercedes. I know for a fact and have friends that are worth millions but you'd never know it by their lifestyles.

2. Rich via obvious abundance. There are many people who look wealthy but they are not. Many of these people have a lot of debt and some often go bankrupt because they don't have enough stored abundance. Many younger doctors and lawyers are rich but they are not wealthy because of debt to equity ratios. Most can become wealthy if they save.

3. Wealthy & Rich. The extreme examples are typically both wealthy and rich. They have stored abundance and they are also rich in the lifestyles.

Using the analogy of "rich coffee" that you used it would mean that its physically aparent. If you think of the word "wealthy" the "thy" means containing and the "weal" sounds a lot like "well". I don't know the latin origins but you can see how it would appear more like "stored riches" rather that "displayed riches".

Its hard to nail down the actual definition as a fact but this is my view of financial measurements via these two words. I would also like to add that its much smarter to become wealthy first before working on becoming rich. Compounding interest and being able to live a great lifestyle just on your interest alone is a very free feeling.

All my life I've worked very hard and have been focusing on becoming wealthy rather than rich. Now that I've been successful for long enough and have the solid foundation built I can start to live a more rich lifestyle if I choose.

I don't know if my definition is technically correct but if its not I think it should be.