Comments on: Being Rich versus Being Wealthy

By: Darren

Darren — Tue, 08 Jun 2010 21:15:32 +0000

I think being rich is just a state of having money. Like you said, it can happen through a lottery or an inheritance. But it can also be lost just as quickly.

Wealth, on the other hand, is knowing how to acquire money, and knowing how and where to invest it to make it work for you. It stays with you wherever you go.

People can take away your riches, but they can’t take away your wealth.
Darren´s last blog ..Business Advice – What We Can Learn From Amish Success

By: Blog Carnival of Personal Finance 241st Edition | My Journey to Millions

Blog Carnival of Personal Finance 241st Edition | My Journey to Millions — Thu, 15 Apr 2010 00:39:35 +0000

[...] @ Planting Dollars from Planting Dollars presents Being Rich versus Being Wealthy. Ryan’s article is short and a MUST read; he explains the difference between being rich and [...]

By: Is Passive Income Possible?

Is Passive Income Possible? — Wed, 17 Feb 2010 13:18:01 +0000

[...] mean you’re rich. By working towards passive income you’re taking steps to build wealth rather than simply be [...]

By: Monevator

Monevator — Sun, 14 Feb 2010 14:22:40 +0000

I know some people who are borderline insolvent who are living rich lives in some definitions. And I’ve met a few very wealthy people who I wouldn’t trade places with for all the riches in China (which is actually worth something nowadays!) Mostly though the very wealthy I’ve met (i.e above £10m/$15m) I liked, though nearly all have been entrepreneurs who remember their roots.
Monevator´s last blog ..Weekend reading: Real estate realities

By: Why Do You Want to be Financially Free?

Why Do You Want to be Financially Free? — Mon, 08 Feb 2010 13:09:33 +0000

[...] rich (or wealthy rather) simply means having money. I discussed what money was in a recent post, but as a refresher this is [...]

By: Ryan

Ryan — Wed, 03 Feb 2010 05:57:15 +0000

I think being financially rich is highly valued in our society, even though most people couldn’t define it. People just see that other people have more, so they end up wanting it too. From that standpoint I think a lot of folks are jealous, probably the majority, and react by saying it’s not meaningful.

However, I think there are a good number of people who aren’t rich financially, but lead much richer lives than most and actually mean it when they say that being rich financially isn’t meaningful in their lives. These people would be the minority though.

It’ll be interesting to hear your take in the post.
Ryan´s last blog ..The Part Time Job Search

By: Financial Samurai

Financial Samurai — Wed, 03 Feb 2010 04:52:16 +0000

Do you think people who are not rich tend to poop on the rich, and say being rich is not meaningful?

I think I’ll be writing on this topic in an upcoming post.
Financial Samurai´s last blog ..Do “C” Students Deserve “A” Lifestyles?

By: Seeds of Knowledge – 1.29.10

Seeds of Knowledge – 1.29.10 — Fri, 29 Jan 2010 10:44:50 +0000

[...] Millions Hosted the 241st Carnival of Personal Finance in which he highlighted one of my articles Being Rich Versus Being Wealthy as one of the top [...]

By: Carnival of Personal Finance #241 : Carnival of Personal Finance

Carnival of Personal Finance #241 : Carnival of Personal Finance — Mon, 25 Jan 2010 19:15:39 +0000

[...] Life: I don’t want to retire Financial Highway: MythBusters: Financial Advisors Planting Dollars: Being Rich versus Being Wealthy Len Penzo dot Com: When Pigs Fly: How I Fought My Parking Ticket and Beat City Hall Pop Economics: [...]

By: Tracy

Tracy — Fri, 22 Jan 2010 01:03:00 +0000

Great video. Wealth is certainly the objective, be it spiritual or material or best of all: both. Money for it’s own sake has never meant much to me, which is probably why I had trouble retaining it for so long. But wealth, as Chris Rock puts it is freedom. The freedom to do some good and live well.