Rich Vs Wealthy: Difference & Which One  Is Better?

We assume that being rich or wealthy is the same thing. The  two words may be used as synonyms,  but they have  different connotations.

Being rich is earning a lot of money or having a high income. It boils down to how much cash you get in your bank account every month.

Being wealthy is measured by how many assets someone has often shown in a net worth number.

Rich people tend to spend the bulk of their money. On the other hand, wealthy people save and invest the majority  of their money.

Wealth starts to build up with the appropriate mindset. Save a fixed portion of your earnings, make it a point to invest as early and as often as possible.

Learn more about rich  vs. wealthy.