1/ 🧵They must differ in some way if they are not precisely the same. Though different from one another, the concepts of "being rich" and "being well-off" have probably confused many for a long time—and who knows, maybe they haven't even heard of them yet.
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2/ 🧵Many times, the term "rich" refers to numerical abundance. "Riches" goes a step further. One may gauge a person's wealth in many different assets, including bank accounts, equities, real estate, buildings, etc., determining their whole worth. Still, one's financial status seldom defines one's riches. It is a sensation of contentment regardless of income and savings.
Although riches are more complicated and cannot be expressed in terms as exact as money or a home, wealth is simple to understand. One could be rich yet not rich at the same time. But how on earth could that be even feasible?
3/ 🧵Cash alone cannot purchase everything. Rich people live light years ahead of the poor in many vital spheres of life, and these factors are given greater weight than other financial values and indicators of wealth.
Whether someone's bank account has millions or billions of dollars, it doesn't matter if they have compromised their health. Reaching financial success requires prioritizing personal health and fitness alongside one's job. Whether it covers frequent walks, a good diet, gym membership fees, or health insurance, You value entirely what you have done when the occasion calls for it.
4/ 🧵The objective is not for the rich to be carefree. Their capacity for foresight and future threat planning is merely more evolved. They have a backup plan for everything and are ready for the unexpected. Having paid their bills, they may relax and let a consistent monthly income flow without intervention. Getting rich is more about focusing on the part involving creating than neglecting the part involving management and protection. Though tempting as it seems, a daily race is rather dull.
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https://inleo.io/@julie808/one-could-be-rich-yet-not-rich-at-the-same-time-3xn