There is a difference between being “rich” and being “wealthy”. Being rich is having a lot of money (usually from one source, think lottery winners, actors and athletics). Being wealthy is having a lot of money from a lot of different sources, usually investments, owning a business, savings).
Many people can become “rich” but few have the knowledge and skill to become “wealthy”
A lot of rich people do not remain rich once that flow of money stops.
Anyone even if they are not talented or a lottery winner can become “rich” and it is not the amount of money you make either. The secret is don’t spend more then you make, and put away a little for the future and be wise in your investments.
Credit cards are the one way to guarantee you will never be rich (unless you pay them off each month). The interest paid on the monthly balance is the money you could be saving and eventually investing.
- things I have learned over the 70 years on this earth.
All sound advice. I view dollars as honey bees. If you take good care for them they can go out and work for you and bring back more honey every day or you can spend them and they never bring back anything.
Wealthy people don't need jobs, they have passive incomes that produce honey every month.
Rich = Having “F.U.” Money