Most people wouldn’t question the difference between being rich vs wealthy.
But, they are different.
Saying that being rich and wealthy are the same is like saying a credit card and debit card are the same, or that there is no difference between an index fund and mutual fund.
They’re similar to each other, but they have distinct differences that are important to understand.
Credit cards reward you for making purchases with points, cash back, and other perks. Debit cards do not.
Index funds allow you to invest in diversified portfolios for a very low cost. Mutual funds usually charge high fees.
Being rich involves…
…well, let’s just dive into it:[Read more…] about Rich vs Wealthy: Why Being Wealthy is More Important