Thursday, March 22, 2018

Wealth And Riches, How To Differentiate The Two

By Gregory Williams


The two words are almost used interchangeably but they mean a whole lot of difference. A wealthy man is not necessarily a rich man. What differentiates Wealth and Riches is how one gets to each state and what the status turns him or her into. There are many ways one can describe the two characters, but the easiest would be using their possession.

A wealthy man is considered satisfied with his possession. This translates into possessions that elicit a feeling of gratitude and contentment. In fact, wealth goes beyond material possession. The motivation for wealthy people goes beyond money and the items they own. The wealthy are not regarded in terms of their bank balances.

The wealthy live a life of satisfaction and experience incredible good in their lives. What they count as possessions include networks that provide support and relationships that are more valuable than money. These networks and relationships are also built over time and will take time to break. They offer long term benefits as opposed to instant fixes. In fact, the wealthy do not have to be the richest in the neighborhood. Their satisfaction does not necessarily arise from material possessions.

Humanity is pushed to gravitate towards being rich instead of wealthy. Wealth is self sustaining in that a person can live long depending and tapping on his networks. Wealth is difficult to wipe out because it is based on knowledge and relationships. This is why catastrophes and disasters cannot wipe out a wealthy person. However, a rich man can be turned into a pauper because of such occurrences.

Material possessions are the measure of a rich man. This is why the status changes depending on comparisons you are placed alongside. People have slept rich and woken up poor because of market forces and other factors beyond their control. Richness has a dollar value and will be based on the formula used by the vetting subjects.

There is an individual nature to being rich compared to being wealthy. A rich man does not have to enjoy a network. It is possible to have a rich man living in a neighborhood where the people around are poor and in want. His riches have no impact on the society around him. This is a lonely existence where the possessions do not bring peace and satisfaction.

While being rich is good and important, being wealthy is preferred. It comes with an incredible sense of satisfaction because you have an impact on the society around. The network feels your impact when you are absent and will be ready to support when things do not turn out right. Even with little in their possession, wealthy persons are incredibly satisfied in life.

The basic requirement for being wealthy is to have meaningful relationships, be knowledgeable and build strong networks. These are the pillars that hold you up when you are facing turbulence in life and give meaning to life when you rise with others. The wealthy enjoy a sustained status and have an impact on the society around them.




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