https://sg.finance.yahoo.com/news/being-rich-vs-being-wealthy-084637161.html
And I wrote somewhat about it previously here.
And then I thought about it a bit more...
And then I realized...
Is there a difference between being rich and being wealthy?
Well... If you're asking this question, then get back to work.
Thing is, I've come to this understanding that... well... only certain people talk about being rich or being wealthy and trying to determine benchmarks.
It's really the hocus pocus Robert Kiyosaki, kind of people trying to persuade or convince or define certain words, topics for his books and classes.
If you're rich, or wealthy, you probably know it. If you're not then well, you're not.
If you need to define it, I'd say... well... something is wrong. Are you looking for external validation?
Let's look at it this way...
If you have money to live well, you can tell yourself you're rich or wealthy.
If you can retire, you can tell yourself you're rich or wealthy...
Why do you need to define it?
So that you can tell others that you're rich?
Why the need to benchmark? When you define and benchmark, that means you're comparing against others. And well... what's the point?
If you have $1 mil, and you're comparing against your friends who have $20 mil, you'll never be or feel rich regardless of the definition.
So the thing is... for me, I feel, that this rich vs wealthy is really just some hocus pocus made up to make people feel better. Patting people on their own backs.
What? Really right?
I mean this definition or comparison of words. Rich vs Wealthy...
It's to say, oh this person is rich but not wealthy... but I'm wealthy. Cos I don't spend as much as him.
So we can feel good about ourselves?
Telling people or telling ourselves that we are wealthy even though we don't have enough to be called rich?
Nahhh...
Rather, I would think... people should just look at their own unique lifestyles and expense rates, and determine if they can live well with their assets, earnings.
That's all that really matters, no?
Warren Buffet was asked this question during one of his annual meetings.
Rich vs Wealthy... based on his response. I had the feeling that he didn't get the question.
He started talking about health and all that kinda stuff...
You know why?
Cos he's there. When he's there, he doesn't need to think of these kinda hocus pocus stuff to make himself feel better.
That's not to say people with less networth are any less rich/wealthy.
The thing is... if someone feels they themselves are rich enough, wealthy enough, they know it.
It's those who are trying to tell themselves something...
To quote Singaporemanofleisure...
It's those with a hole in the heart that need to define and tell themselves rich or wealthy.
Now what do you think?
;o)
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