Wealthy Vs. Rich: Is There A Difference?


If you ask someone if they would rather be rich or wealthy, they will most likely answer either is okay with them. One of the main differences between rich people and wealthy people is their state of mind and attitude toward money.

Who Is a Rich Person


A rich person has plenty of money; there is no doubt. But what differentiates rich people from wealthy people is their cost of living. Rich people usually have an affluent lifestyle, like living a rich life, and live way beyond their means.

Because rich people like to show off their riches with expensive purchases and items, they spend their fortune faster than they make it. Rich means a high income and showing off their monetary status to others.

Who Is a Wealthy Person


Wealthy people might also have a great deal of money. But wealthy individuals control their spending habits and build wealth.

One of the best examples of a wealthy person is Warren Buffet, with a net worth of over $100 billion, who still lives in the same house he bought in 1958 for $31,500.

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