Why The Rich End up Poor But The Wealthy Enjoy Life

[@schneider9615]

Rich means u work for money. Wealthy means money works for u.

[@philmarsh7723]

Unfortunately, you must still work for the money. Assets must be managed by their owner to produce income.

[@hotsmalltown7533]

@@philmarsh7723 The difference is our earning potential is not tied to the hours we work.

[@principe.5116]

I don't know where you took this, but you're definally wrong

[@EvergreenVB]

@@philmarsh7723 You know there are people for that right?

[@dobazajr]

I agree. The phrase "let your money works for you" means invest your hard earned money and diversify it.

[@osse1n]

*It's all in mindset* If you haven't matured before getting financial richness, you will spend it on things that don't matter to impress others.

[@geroconnor5222]

So truth...I can't understand it! The best things in life are free!

[@Ola-oh8ei]

It’s not about maturity or age it’s all in the mind

[@devonta28thKY]

That’s not totally true, but I understand what you’re saying. Bill Gates was arrested for running a stop sign and speeding in his foreign car and posted bail within minutes. Mr. gates himself jokes that he didn’t have a very good driving record back then. Had he been that same kid during today’s time, he too would have been accused of immaturity. But folks mature at different rates.

[@Real-inspectorGadget]

Stop impressing others and impress yourself!

[@workwithglenmurray]

so true

[@mrkanenas]

Wealth comes in three ways 1. Health 2. Knowledge 3. Will

[@cautarepvp2079]

Κάντο στην Ελλάδα αυτο.. μισή νεει φεύγουν για εξωτερικό

[@stevegrayson4124]

@@cautarepvp2079 Your point 3 is wrong. the correct Point 3 is "over Time"

[@fraddi]

Can you add me into your Will then? Thanks!

[@tsjoshi]

About 3rd point. what if my children will think the same? :-)

[@workwithglenmurray]

Time

[@justinelloydsupat4151]

Rich is External Wealth is Internal

[@kendrickmason2577]

You can't win the war of financial peace, if you don't live on less than you make, so you can give money back and have money to invest. Save less and invest more to attain a financial peace

[@edwardthompson8982]

You are right my friend, how many millionaires do you know who got rich from living above their means ? This is why I am diversifying and investing more in cryptocurrencies and it has paid off.

[@joesphcu8975]

Bitcoin is the future of the digital world, investing in Bitcoin has made me financially stable. It is a pity that many people who are going through intense difficulties have ignored bitcoin, when bitcoin can improve their financial situation.

[@marthajones1450]

I tried to invest in bitcoin, but due to the huge money I lost trying to trade on my own, can anyone suggest me a broker who can help me help invest in bitcoin

[@edwardthompson8982]

@@marthajones1450 My Candid advise is try Mr. Christopher George t, his keen trading skills is working for me right now and I am making good profit from bitcoin trading His trading skills are top notch 👌

[@edwardthompson8982]

@@marthajones1450 I have earned a lot from bitcoin trading which has been my main source of income.

[@melissamoore6539]

Not mentioned on there is the idea of combining a passive income and a modest lifestyle. If you only have a small passive income stream or a small pot of savings, don't live a large life. If your passive income goes up, so too does your life style. Also, rather than buying flashy expensive things. Buying durable basics that you don't replace often.

[@johnsonlabarbear4741]

Hey Moore How are you keeping, Where are you from??

[@otahu26]

I've been lucky to have grown my wealth and Health. I thank my parents often. Retired since age 35.

[@colinrussell2017]

I retired at 23. Why did you wait so long?

[@eddymarino2964]

When I was a kid I told my mentor that I want to he rich and then he said I rather be wealthy then rich. Now what he told me all makes sense.

[@workwithglenmurray]

nice!!

[@deezy5339]

Nah, he was just prefering a synonym over the word.

[@joonjoung38]

The fact that you're watching this video sets you miles apart from the average person. Keep pushing, you can achieve financial freedom! 💯💯💯

[@programacaoemexcel]

hi, Jhon. in my case, i'll be very wealthy, millionaire, because i am watching a video in english, but my language is portuguese. let's go With all our strength, no excuses, we want results.

[@musthavegadgets4440]

that's actually so true, because you understand that financial freedom is not only about making money, but also about keeping and growing it

[@lovepeaceisneverguaranteed7385]

True wealth is health without it being rich means nothing at all it comes and goes.

[@giddyakali27]

Even if you are healthy, wealth will still go. It's all vanity

[@garyseeseverything8615]

Health can’t always be bought.

[@josephinemaxion926]

😎😍👍

[@kathyinwonderlandl.a.8934]

• I love Nothing but Peace excellent point

[@brucewayne3892]

Yeah but the rich is usually healthier in the long run. So really, more reason to save that cash

[@jamesmorgan9447]

How exactly does one preserve wealth? One thing is to attain wealth and another is to keep it.

[@philantropy931]

It is even harder to keep wealth.

[@clarawalter2254]

Calling my self rich or wealthy might be seen as being ostentatious but it's a fact, I won't go into details on how much I'm worth or what I have achieved so far at the age of 37 but I am sure my investing habit has been a great part of my success. My advice: Don't just save, invest!

[@carlsonmanuel5539]

I don't know much about these topics but I'm willing to pay 100% attention to any one who can teach me at least one or more.

[@jamesmorgan9447]

@@clarawalter2254 I'd like to know what kind of investments you make and how you go about them if you don't mind.

[@maribelrosas798]

Investing make up the top notch hemisphere of the wealth. That's the more reason one should save and invest to secure profit and ensure success

[@osrsfonzie1897]

I like it how he gives an example of wealthy with one of the richest/wealthiest people in the world. you can be wealthy by having just enough money and by living below your means, if you save enough and watch every dollar you spend you can live a comfortable lifestyle and just enjoy your life. Maybe work 2-3 days a week if you get bored or want something to do. 3 days work 4 days off (if you enjoy your job this is) Perfect.

[@PracticalWisdom]

Not sure about you guys but I wanna be wealthy 😁

[@devgrohl]

Thanks for the video... awesome content

[@TheChiefCoin]

I'd rather be healthy.

[@IrelandVonVicious]

What would Jesus do?

[@MrsQuito]

mheee too! im tierd of worrying what will happen if we get layed off.

[@magnusnilsson9792]

A lot of homeless people are actually wealthy.

[@6digit260]

While most part may be true I'd like to point out something. Society has set a social construct whereas wealth is defined by the material possession one has. But in truth wealth is been healthy, having a good relationship with friends and family and having the freedom to chase ones dream. So no wealth is not defined by material possession. People are just to weird. They rather want to look rich than be rich. Having material possession doesn't mean your wealthy it's just means your a hyperconsumer.

[@thedaywalkervlog9860]

To me the difference is rich people have high incomes but it doesn't necessarily mean they own anything that will generate income. Which means they will continue to have to trade their time for that money. When they sleep, they make no money, when they pass away, the money stops. Wealthy people might not have as much liquid cash laying around, but they own things that are valuable that make money for them, whether that be a business, real estate, investments, royalties, or belongings that appreciate over time. Great video. I love these animated videos because I have my 12 year old daughter watch them anytime she asks for money. I quiz her after and if she passes, I'll get her what she asks me for. This one will be next.

[@NorthEastTrailRunner]

Some people will never be wealthy, because they spend money on trying to look wealthy.

[@stephenc2481]

They are doing the opposite, when it comes to how to build wealth.

[@abskulOfficial]

I always wanted and still want to be wealthy. My purpose is to get financial freedom and security. I want to keep money coming without me actually having to work.

[@neilcook1652]

It’s achievable, live within your means and invest securely over the long term, be patient, keep working

[@MrEnergyCzar]

Wealth is having few wants...

[@aimeenadeau6255]

Wealth can be defined as having lots of time too. Not really needing to work unless you want to.

[@mr.mindset8]

Its always “the wants vs the needs”

[@ginoforsgren2184]

I’d like to point out that wealth isn’t ALL about money… It is so much more then that. Relationships, hobbies and just your lifestyle in general. Imagine it as the fundamental human needs of being satisfied to a certain extent and having this be stable of course. Money is just a small part of the whole thing.

[@doggydude4123]

I just want to have enough money where I have the choice of WANTING to come to work and not NEEDING to come to work.

[@davidkonevky7372]

Yeah

[@huishengong1143]

No, to me, I just want to have enough money where I can use it in case of rainy day like getting retrenched, medical bill etc..

[@avgholson8143]

💯💯💯

[@pmeister2462]

Especially to a career job that you don't mind even working at night or the weekend since it's your passion as opposed to having that " Oh thank god it's Friday!!" attitude only to see yourself depressed Sunday night.

[@samuelnguyen518]

To be honest, being rich is not a bad thing, but if you don't learn to manage your money correctly then you will end up poor. So in a sense you can be happy and rich if you learn to manage your money correctly.

[@davidkonevky7372]

People think people with money are villians. Most of the time, all the rich people I have ever seen were so nice to me. There can be people who don't deserve to have money, but those, normally fall sooner or later

[@stephenc2481]

having money does not guarantee happiness. But if you know how to manage, money absolutely contributes to your happiness.

[@Neddie2k]

Money makes you rich ........................... Assets make you wealthy ...................... You can do three things with Money, Spend it, Save it or Invest it. The ratio at which you do these three will determine if you will be poor, rich or wealthy. Hope you choose the latter.

[@johnsonlabarbear4741]

Hey Buddy How are you keeping, Where are you from??

[@richardmashamaite4857]

A fool and his money will always part ways.

[@magnusnilsson9792]

the question is: -How?

[@tedpoland7650]

I'm rich n I don't like being people who is poor down like that video is doing

[@tendanimulaudzi5636]

Yeah right buddy your rich lmfao, sure...

[@katoloniable]

How did they hook up ?

[@milwaukeewisconsin3366]

I’m happy just paying off my house and credit cards everything else is extra

[@kenzok9797]

Are you really or did you settle

[@Calculusgoat]

This is how people usually become poor even if they studied the whole of their life. People should know assets and liabilities. What is the difference between assets and liabilities? Why is it so important? Why does that make people poor? I will answer all those questions. Question 1: Assets give you a future with happiness while liabilities give you a future of poorness. So if you are on the assets team even if you are poor in some future you might be 10% of Bill Gates wealth while if you are on the liabilities side then you will become poor even if you are really rich now. It's all about how you spend your money and what's your knowledge. Question 2: Assets and liabilities are so important because it's all about how you spend your money. As we all know, there is rarely any free food, clothes, homes ect because people want money for it all. Money for that 3 bedroom house, money for that food, money for that dress. Question 3: It makes people poor because if you earn £100P/W then you should make a budget while not everyone has that sort of idea leaving them with a little bit of saving. ( I have the book) Take care everyone! c:

[@mattthebeast9666]

I think a better example of wealth would’ve been like an engineer who saved money consistently over 30 years of work to the point where his investments made enough each year to maintain his lifestyle. That’s true wealth. Using Bill Gates as an example can make wealth seem like an unreasonable goal for most people when, in reality, people have become millionaires on less than a six-figure income. It’s all about saving

[@bazookaward3859]

But true wealth is extremely hard to obtain. True wealth can last for many many generations. Your Great great great great grandchildren should be able to benefit from the money/wealth you left behind. The money generation doesn't stop when you die.

[@justusgichanga6995]

Great. ..I am an engineer and have been saving for the last 30 years as you said .But how do I multiply the value of my investment?

[@akendon7260]

wealth is assets, rich is paycheck/salary or non real asset investments. Wealthy people rarely ever go broke because they have so much assets to bounce back. For rich, once the income or paycheck is no more or adjusted, they are tossed. A surgeon making $1m/yr without strong assets is rich vs a wealthy business owner making $200k/yr after all deductions with business assets of over $10 million.

[@jcooper2373]

So to be truly wealthy all we have to do is make billions of dollars and live off the interest. Awesome advice.

[@worldaffairstamil]

Thanks for the wonderful video. I had already became wealthy at 37. I had travelled to more than 20 countries and I own properties. Resigned my job 2 years back since I wanted to spend time for myself. But I am still a single man who couldn't find a true love :(

[@AverageAngel]

wow how? that sounds odd to me

[@benceladoczki8752]

Who said wealth and love are related?

[@AverageAngel]

@@benceladoczki8752 I don't understand because you would think he has the time now to free himself up to find the one for him.

[@benceladoczki8752]

@@AverageAngel I doesn't seem to work for me either. I find it is not really about time and wealth...

[@Blue-kz3vf]

World traveler, you'll find someone evetually. Just don't flash your money or you'll find the wrong person.

[@davidkonevky7372]

This makes me remember: My family when I was born was super rich and we had one of the best houses in our zone. I have three siblings, one that is 30 currently, and my father gave us the best of the best to each of us. But even if I LOVE him, even if he is the best friend, father or person which was alive that I ever seen. We realized that we had a lot of unpaid debt coming from his business. After he died when I was 12, our family had money already going to the drain, and all we talked about in dinner is how to spend less money. That moment of our lives changed our perspective on life. My older brother currently works in his family workshop and changed his business strategy, striving for stability and balance, and not money and risk. We are getting ourselves out of this mess, and I hope we can be free someday.

[@bluedark1142]

Wish you the best of luck

[@mb8kr]

I hope you'll get out that burden soon.

[@godsqueen9437]

The one thing Rich and Wealth has is common is that they’re both one step away from losing everything. Wealth is spiritualism. Rich is materialism.

[@email5023]

You missed the whole point of the video.

[@robertboham9325]

I want to be healthy and wealthy...

[@daveriley6310]

That's wise.

[@virz4432]

We all do.

[@lovepeaceisneverguaranteed7385]

Yea but if u have health u will probably be prone to be wealthy but wealth doesnt mean money it can be time and we all know time can not be bought so um...

[@robertboham9325]

I wanted to thank you That You have so much believe in Jezus That another person in this World could end miserable because you believe That these are the words from Jesus. ..And maybe the only words he had said..

[@RajKumar-tk7jm]

"As long as you have an income flowing-in that you are not directly working for such that if you stop working today but you can still maintain your current standard of living then you are considered wealthy." This is a bulls eye. Thank you.

[@calsela]

that means if you have a sugar daddy (income flowing constantly and you dont have to work) you are wealthy

[@jpadila7]

Never worrying about money is a huge myth. I would have to guess that becoming wealthy and getting your money to work for you takes way more active money habits than being poor/living paycheck to paycheck.

[@jomii9]

5:19 $130/second = $7.8k/minute, not $78k. Thanks for the great video!

[@FatPigInTheHouse]

THANK YOOOOUUUUU!!

[@mandystop1077]

@@FatPigInTheHouse welcome BTW the cat in your profile pic 😍😍😍

[@mandystop1077]

@Tiki Thompson of course (No hate here)

[@perrywidhalm114]

This video misses the mark. Wealth is from the Old English word "weal" meaning well-being. If you want to be wealthy, it's not a matter of how much money you have but how you think and feel about your life. True wealth is the ability to be joyful in whatever your station is in life.

[@mb8kr]

Wealthy is healthy first and foremost.

[@jackroth5110]

It's a lot easier to be wealthy if you don't need so much stuff in your life.

[@hempcacaogoji831]

All of the dislikes are from rich people.

[@chrismcamp]

Well I secured a (multi family) 4 plex unit here in Texas using my VA loan military benefit. The first 3 tenant doors goes towards the mortgage of the VA Loan, but that last door is mine ( cashflow)... Not enough to live off , but man to know I have access to this structure man and have the power to charge is surreal!

[@coryswanson2247]

Here's some practical wisdom for you: take that college savings account and invest it. Go to community college (or don't go at all) unless you really want to do something useful like STEM

[@misspriss2482]

Best advice ever. As a matter of fact, a lot of community colleges offer an internship upon graduation and help you get a job in your field.

[@DariusJones]

Facts.

[@nathancook8325]

Investment should be in every individuals list. You can't become a millionaire or billionaires depending on someone paying you monthly but you can achieve that goal by investing. I am successful today and also a millionaire because I invested on crypto in 2018 and now I have compounded millions.

[@aaronjackson807]

@@nathancook8325Thanks so much. There is a saying that money has wings it's best you save it properly, invest it wisely and spend it judiciously.

[@davidcarl7812]

@@nathancook8325 sir please can you help me I want to invest but don't even know how and when to.

[@slick_anonymous1126]

Fun fact about traveling I learned. You don't need to buy a first class seat, when flying and you're at the gate you can ask if they have a first class seat available and if they do you can get it free of charge (someone might miss their flight or cancel). I do this all the time to get free first class seats if they are available.

[@gracegomez109]

The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

[@Lettyogle]

Find stocks with market-beating yields and shares that at least keep pace with the market for a long term.For a successful long-term strategy | recommend you seek the guidance a broker or financial advisor.

[@Judithmoy109]

I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@priyankamahatma6672]

Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.

[@Judithmoy109]

Valerie Jean Zwosta… That’s my advisor’s name. Thank me later.

[@priyankamahatma6672]

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call

[@guitarsandcheesecake1632]

Having watched your video. It turns out I'm wealthy.......cheers. made me smile 😊😊

[@alfianfahmi5430]

- Sustainable income - Slightly below average lifestyle - Spends more time with family without needing excessive amounts of expenses Yep, that's what we should strive for.

[@Inseparable724365]

We are living care free efficient lives on my retirement (which isn't much). We went back to work during the pandemic for 10 months and were able to save our entire take home pay. Living off the retirement and a few checks we got from the government to cover the additional expense of working. We are now back in retirement, we don't have to work to pay our bills, so I guess we are both living just above the poverty line and independently wealthy at the same time. We live in a new built colonial in a good neighborhood, have 2 cars (1 practical and 1 Mustang Convertible). I tracked our money carefully for the last 7 months and we managed to balance the budget. I've witnessed members of my mother's family receive legitimate large settlements and squander every dime. My father's side quiet the opposite, money isn't about how much but how much you know about handling it

[@nalefanua1703]

I want my family and I to be wealthy, and we will be wealthy.

[@Lucylu723]

I suggest you read the millionaire next door, it will be a complete eye opener to the difference between riches and wealth

[@georgekinki9330]

to answer your question, I went to college because early later in my life, I dont need to work for a living. so in your sense, yes, wealthy. not physical wealth, but also intellectual wealth.

[@DavidEVogel]

Why The Rich End up Poor But The Wealthy Enjoy Life Just the title boggles my mind.

[@ifcinvestor569]

Kiyosaki teaches to focus on buying assets that have cashflow!

[@cjonwickham1933]

In monetary society I dont want just rich I want to be weathy... but either way you cant eat money and still be alive and healthy...will power is just wishful thinking. Knowledge is power...keep learning and experience.

[@evaristogarcia3714]

I want to be wealthy because wealthy has lot of money and the rich has little money so What does it mean to be wealthy? Being wealthy is not only having enough money to meet your needs but being able to afford not to work if you don't have to. It's about amassing assets and making your money work for you. In other words, it's having a significant net worth

[@colbypotts2490]

Don't confuse wealth with happiness you can be poor and be happy.

[@nihatdonmzov228]

Having a lot of money doesn't mean you are rich. But, having your own parents next to you means you're the richest person ever!

[@EternalScreams]

Then who is jeff or bill gates

[@RemedNaturel]

🤣🤣

[@theself5738]

Now I’m starting to understand what true wealth is. Those who successfully retire young in the FIRE movement or anyone who has consistent passive income that covers all their expenses so they don’t need a job- are both wealthy because they don’t need to get a job to pay their bills and thus have time freedom. Their money is being generated passively, so they don’t worry about money. Their income and standard of living may be lower than the working surgeon, but because the income is passive, they are still wealthy (they have time and financial freedom) whereas the surgeon is rich (trading time for money to buy expensive flashy things to impress people. This is more of a mindset shift. I see that the rich surgeon is a slave to many things- a job, high expenses, high social expectations, keeping up with the Jones’s, doesn’t know what his true purpose and meaning is in life (other than impressing others) and no time freedom. The wealthy on the other hand are free from the bondage of wage slavery as they have passive income to cover all expenses, time freedom, freedom from social expectations, living modestly so freedom from social pressure to keep up with fake friends, and freedom to pursue their true inner purpose and meaning.

[@genxx2724]

I’d say performing surgery on someone and restoring their ability to function is a very high purpose.

[@bradleypost8971]

Lukas should spend $40,000 to finance a $1.1 million rental property (FHA allows multifamily) that brings cash flow. Live in one, rent the others, and profit the difference. I’m doing that when I graduate college. 😎🤑

[@Alan-Aus]

Just use your money hire an Accountant (Monitor your balance sheet, cashflow and tax), Financial Planners (Invest for you) & Lawyers (protect your wealth)

[@CloudDayLight]

Work>invest>re invest capital gains to make passive income>live off that

[@psyberplaylist4688]

I was told as a kid: Q: what’s the definition of being Rich? A: Making more money then you spend. So as long as your making more then you spend, regardless of income, you will be wealthy. There are those out there that can make twice as much as you, and if they spend more then they make (being in debt) you are wealthy, and they will be poor. Most think it’s about an income level, it’s really about life style.

[@shock-t3768]

I literally closed the video after watching it. Came back again just to give it a like and a comment. You deserve it. Well done.

[@X3GibbleX3]

I’m 26 with $120,000 I still don’t feel either wealthy or rich at all. In fact I still feel poor and that way my money never runs out

[@jeffalan6339]

In my town the millionaires drive old or used cars, don't even look well-;to do. Now they have moved up to nice homes. They still wear blue jeans and plain plaid shirts. The middle class buy new vehicles nearly every year or after warranty has expired. They want and want, I volunteer in my community, I hear them talk of their wants. They wear trendy clothes shop at the trendy mall, buying expensive items, even brag about it. Or put another down because they can afford what they have. The millionaires don't go on vacations, invest pne owns all but chain gas stations. most own rental properties, are self employed, and act is if penniless. Shop at Goodwill or similar, go to garage sales and use coupons.

[@marcuscollard8119]

My dad worked as a very highly paid programmer and invested in staffing and programming services companies early during the 80s. I've seen his investment account valued at 17 million. He tell me that he never spends the principle, only the interest income and is free to work as a consultant and investor on whatever project he finds interesting, drug discovery at the moment for brain cancer and Alzheimers since if things work out, he makes money and makes the world a better place. Thats my goal in life too. Make my first million and the investment income could sustain me in a modest life, not worrying about job security and free to pursue lucrative startup investments, where you work for stock not money. Always seems like the people buying luxury clothes, sports cars, and fly first class are the ones that spend unsustainably. Where they to lose their primary income, they would be poor again.

[@wannaberedneckprepper7030]

I want to be wealthy in “Time”. Every minute spent is a well spent time... and time doesn’t stop for no one.

[@stephenmichael3395]

All people who build wealth, Save their money... They do it on purpose..and they do it consistantly

[@Nonduality]

The rich walk around thinking, "I'm rich, I'm rich!" The wealthy never walk around thinking, "I'm wealthy, I'm wealthy!" Also, you can be wealthy with a lot or little money.

[@oliviaralston1]

You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.......

[@dustireller3953]

imagine investing in Btcoin earlier.... You could have been a multi millionaire precently

[@lucymartin881]

You are right. Been thinking of going into gold and cyptocurrency

[@aaronferrell3129]

Investment is the key to achieving success with the current pandemic slowing down so many businesses aww

[@zoeyswaniawski7306]

Talking about been successful. I know I am blessed if not I wouldn't have met someone is as spectacular as Stacy Griffin

[@zoeyswaniawski7306]

She has helped me recovered a lot from the time I have trading with her

[@samann9]

Thanks to Mr Kiyosaki, I'm wealthy today.

[@anna-lenameijer9942]

I always react on the clothing issue: just how many suits do you need; you can only wear one at a time. I have started to buy designers' items; they are timeless and have a much better quality, so they last. I think I will apply that with my clothes : better quality and less, only a few of each item=mix and match.

[@11Alisher]

My mindset is work hard for 5-10 years hard so I can become financially free through dividends

[@worldhighspeedtrainconquer6785]

Yes, dividends are the biggest miracle that leads everyone to be successful.

[@lovepeaceisneverguaranteed7385]

Or just pray to win a lottery lmao

[@11Alisher]

@@lovepeaceisneverguaranteed7385 Chance of winning lottery is 1 in 14000000 while receiving dividends is either quarterly or each month. The choice is obvious

[@frusciantesplectrum7980]

A good dividend is 5% and that would mean you’d need at least £500k to get an average income…. I personally buy property, don’t have an expensive car… put money in index funds and very frugal lifestyle.

[@11Alisher]

@@frusciantesplectrum7980 2 years old comments haha, already got property and dividend bringing me income but thanks!

[@joshuadelacruz3907]

Good thing that my family teaches us, their children to be wealthy.

[@ifell3]

A middle aged homeless person with £100,000 in the bank would be considered wealthy. £100,000/30(years)/365(days)=£9.13 a day, that's good for a homeless person...... Just saying wealth and riches are perspective. £10 a day is a lot of money in some countries!!

[@carmcam1]

if i have my own home and only water and electricity to pay, i could live off that for a day, sometimes i do fasting so i won't spend money at all for a day.

[@jmarkinman]

To be honest, you described two levels of rich. You didn’t really describe what it means to be wealthy. The Wealthy don’t have to worry about money because their lifestyles are decoupled from a need to earn. You hinted at this with passive income, but wealth is truly independent from money and as such, income as well. That is, wealth is about resources, and money is just one of these resources. A rich person might have money, but few other resources. And a wealthy person may or may not be rich. Health and happiness and the ability to flourish are the true markers of wealth. Passive income makes this wealth easier but that’s it. True wealth is found in health, self-respect and freedom. You can have all the money and passive income you want, but without those three things, you can not truly be wealthy.

[@usvstheworld8502]

My wealth is my family . I love them very much

[@setapart2serveministries]

This is what Satan don't want you to know: Having God in your life keeps you WEALTHY- Having Satan in your life keeps you wanting to be RICH- Wealth= contentment, wisdom, giving, comfort and peace. Rich= unease, unwise, getting/selfish, discomfort and miserable. Poor= unwise, unsatisfied, ungrateful, needy and disgrace. ONLY BY CHOICE! Proverbs 30:8,9

[@hinodewalking1919]

The Millionaire Next Door changed my life.

[@cryora]

The question is, how many people in the world fall in the rich category, and how many in the wealthy category (and I guess poor and middle class category, for that matter)? If wealthy is the obvious goal for everyone to pursue, wouldn't that mean most people are optimizing their life towards it? If not, why not?

[@stephenc2481]

To be wealthy you have to delay gratification, go to school, learn new skills, invest, find ways to make passive income, low end cars, don't buy the latest and greatest... All of those things require discipline. It is easier to do the opposite. That's why the poor can not become rich/wealthy.

[@justobserving7545]

High paying job=RICH on money Business on Real estate=WEALTHY that don’t need to worry about money

[@sibaytc4022]

Let's pray for all the rich and wealthy people who make our lives easy. Bless them all. And All wealth and health will come to all of us.

[@sureshkrishna4487]

If I can become one time rich. I will manage to become wealthy forever...😁

[@YISHRAELi]

Every poor thinks the same

[@karolg0275]

I am wealthy and rich because I don’t worry about anything no stress at all, because God is my eternal provider faith is worth more than money 💰😆

[@busker153]

I love teaching people how to build wealth without sacrificing integrity!

[@deepdude4719]

Really? I want to be taught! Please....

[@busker153]

@@deepdude4719 To what purpose?

[@nyirigiragift1958]

teach me

[@busker153]

@@nyirigiragift1958 Step One is to give your entire life to Jesus Christ. I am not interested in aiding and abetting the enemy. If you have already done this, awesome!

[@nyirigiragift1958]

@@busker153 let me tell you what, i was born in church i know and i have experienced jesus but the mistake your making that even other cristians do is that the same bible talks of working to earn 134 times and ive hard very few talk about it why do we have bodys why dont you think u people how does God give you a brain and you dont use it u .. u wont even go to heaven because of that same as your body God gave people . do you know that they are 600 and above laws in the bible one of them is for mon to work.... so never say that's enough and if you say so let us throw the other verse and concetrate on some

[@earllsimmins9373]

You can work to become rich but you have to inherit wealth. If I had Buffets money I would live like a Vanderbilt.

[@HE360]

I want to be rich AND wealthy!

[@slick_anonymous1126]

I know so many fake rich friends on facebook cause of my past work. Driving luxury cars, eating steak and seafood every weekend, renting their apartment, partying every weekend. I'm over here like driving a honda, I own my home, eating steak and seafood like once every few months, most of the time traveling.

[@zxumwmki3604]

_I love to go and see all the things I live happily without_ Socrates, on going to the market

[@diogeneslantern18]

If you want to get serious about becoming wealthy start reading Jack Bogle's books, and reading up on subreddits like r/personalfinance, r/leanfire, r/fatfire etc

[@CameronsCarReviews]

The wealthy are driving Acura MDX’s, Jeep Grand Cherokees, Honda Accords, Chrysler Minivans, Toyota Prius, Toyota Siennas, Honda Odysseys, Subaru Outbacks, Lexus RX350’s, Volvo XC90’s, and Honda CR-V’s. The rich drive Land/Range Rovers, Porsche’s, BMW 7 Series, Mercedes C class, Luxury Full Size Pickups, and Maseratis. That is the hard core truth.

[@mrmarkl328]

Camerons Car Reviews wow, you are a researcher

[@CameronsCarReviews]

London Financier Thanks I’m a Californian so I know 💁🏽‍♀️

[@kingramp7312]

Camerons Car Reviews if you can afford it than the type of car you get shouldn’t matter

[@CameronsCarReviews]

ViperStriker Lemon Just because you can afford it, doesn’t mean you should always get it, that’s simply the difference between a rich persons mindset vs a wealthy persons mindset. My cousins are millionaires and live in a 1.5 Million dollar house, but drive a 2000 Honda Accord. Can they afford a new Accord? Sure they can, but they know it’s not going to enrich their lives any further. Even in the wealthiest zip codes in America of Atherton, CA where it’s the ultra wealthy many people live in 16 million dollar houses and are driving modest Honda Odyssey’s and Acura MDX’s not Audis, BMWs, or Mercedes or Luxury Pickup trucks.

[@fbyi2940]

You forgot tesla

[@vivijayafatta8378]

I prefer to be wealthy by maintaining knowledge and do disciplinely, espacially for financial aspect

[@Reggy2000]

Say it with me everyone: I AM wealthy!!!

[@busker153]

That does not work.

[@arinze2k]

I get the message but that comparison between “Lucas” and Bill Gates is flawed. Maybe try comparing two people earning the same but with alternate methods of savings & investing.

[@personalfinance9045]

Rich is transactional while wealthy is generational! Loved the video!

[@ApollonianShy18]

I wanna be financial independent and one of the best ways I think I could do is either write a kindle book either sell courses for sth as on skillshare. You record it once and take out of it money as much as its useful for the audience cs they pay for it... but firstly you'll need to do that sth for free (in selling sth) for the audience to discover them and know they're good in what they do and firstly for that individual to earn experience. No one wants to pay for a garbage ig... ofc it's easier said than done ik, I'm not that stupid...

[@alex630710]

It all made sense until he used bill gates as the wealthy guy. I think wealth is more than peace of mind with money, wealth, in my opinion, is contentment, no matter how much or little you make. Happiness is wealth, which is long term, and rich is just pleasure and short term.

[@GunnyPhillips]

I wouldn't consider Lucas rich in your example, he just has a high salary. Net worth is the difference between your assets and liabilities. If Lucas has a high debt to income ratio, he cannot be considered rich. The best path towards wealth for us non Bill Gates types is to aggressively use your income to eliminate debt, especially mortgage debt. As long as your money is being used to service debt instead of earning interest for you, you'll likely never achieve true wealth.

[@RyanBfromNYC]

wealthy AND quiet

[@olsonpereira2405]

Me too

[@DivyanshuEntrepreneur]

Rich = Great Amount of Money( but, unsustainable) Stop working, no money Wealth = Money( sustainable) Stop working, still money in hand

[@Bevernhims]

good luck trying to find a rolex for $3k, specially that one.

[@dasmesser1]

3k is nice Longines territory, basic Tudor, or vintage Breitling. Definitely not Rolex range.

[@jhoanaolazo7920]

If you haven't matured before getting financial richness, you will spend it on things that don't matter to impress others.

[@OE-vc5si]

I want stability only ! Rich or wealthy doesn't matter

[@BingtheLizard]

$130/sec * 60 sec doesn't equal 78k per minute. 7.8k. Unless you meant $1300/sec.