Saturday, February 22, 2014

Differences between Rich and Wealthy


In our society, there are many people who claim to be rich but very few who claim to be wealthy. Most people think being rich is synonymous with being wealthy, but rich people see it differently. Today, you see a lot of "get rich quick" schemes, but no "get wealthy quick" schemes. To me, the main difference between rich and wealthy is knowledge. People can become rich by getting lucky, or gaining money from family members. But to be truly wealthy, you have to offer something of great need to the public, and that takes tremendous knowledge.  People who are truly wealthy are people like Warren Buffett and Bill Gates, who created a product that dramatically changed the way we do things and in the process improved productivity of companies. By creating something that benefitted millions of people, the made an extraordinary amount of money.

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