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  2. So there’s the big difference between those who are considered rich and those who are considered wealthy. To define rich vs. wealthy: Being rich is having the ability to spend lots of money now; being wealthy is accumulating assets that allow to you preserve your money for use in the future.
    www.personalfinanceforbeginners.com/rich-vs-wealthy/
    www.personalfinanceforbeginners.com/rich-vs-wealthy/
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    What is the difference between a rich and a wealthy person?Being wealthy, however, is a totally different ball game. Wealthy people live a much different lifestyle than rich people do. In fact, a wealthy person’s lifestyle is often quite the opposite of a rich person’s lifestyle. One of my favorite books is The Millionaire Next Door by Thomas Stanley. In it he said this:
    Is it possible to be rich but not wealthy?Yes, it’s possible to be rich but not wealthy. Rich people often have a high income and may own expensive possessions. But they may also have a lot of debt and not have the financial independence and security that come with being wealthy. Is a millionaire still considered rich?
    Does being rich mean you have a lot of money?That’s because being rich is about: Yes, being rich means you have a lot of money. But being rich doesn’t necessarily mean you have a high net worth – or that you will always be “rich.” In fact, being rich could mean you are in debt. Why? Most people who “are rich” spend more than they earn.
    Is being rich better than being rich?By now, you are probably realizing that being wealthy is a lot better than being rich! After all, being rich means you’re still part of the rat race, and that you may wind up working forever. Being wealthy, on the other hand, means you get to live your life how you want and spend money on things you actually care about.
     
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