What Is the Difference Between Rich and Wealthy People?

Rich and Wealthy are two words people talk about interchangeably, but why? 

Being rich and being wealthy are two different things.

What Does It Mean to be Rich?

Rich is an adjective we use to describe how much money you are bringing in via your income. In the dictionary, it says having a great deal of money or assets.

Being wealthy is about having the money to cover your expenses and being able to have the freedom to do as you like.

What Does Being Wealthy Mean?

The Key Differences between being Rich vs Wealthy:

It is all about your spending habits. Rich people will save less than those that are wealthy.

The Path to Wealth:

Here are some steps to lead you to your path of wealth. These steps may seem like no-brainers, but you too can be considered wealthy if you follow them.

Step 1: Save More than you Earn

Your first step towards wealth should be to spend less than you earn. This step cannot be overlooked.

Step 2: Invest Your Money

Investing is key to producing necessary income to achieve financial freedom.