It is common for us to think that being rich and being wealthy means the same thing but unfortunately the two terms are different and it takes a lot of process for someone to pass from the phase of riches to the phase of wealth. According to Robert Kiyosaki, he mentioned in one of his books that the rich are the people who have a lot of money while the wealthy on the other hand are those people who never need to worry about money.
After reading the statement I typed above made by Robert I am sure that just like it happened to me the very first time that I read it, it will click in the minds of so many readers also that it would be wise and it will be much more sustainable to be wealthy than being rich.
Wealthy people have a more sustainable pattern of wealth unlike the rich, rich people are very quick to show off what they have and for every little money that they make, they want to live in a better house, drive a more luxurious car and then wear a more expensive outfit but the wealthy have the ability to continue to take from their reserve and keep living the type of lifestyle that they want.
Wealthy people will continue to have money coming in for them every day in order to sustain their standard of living even after they stop working, wealthy people have been able to develop a pattern of income that will comfortably sustain the type of lifestyle that they want even after they quit their jobs. When a rich person lose his source of income, he totally becomes helpless and has to begin to look for an alternative way to earn immediately or go hungry.
A wealthy person does not have to wait for the next pay check in order to live a good and desired lifestyle, a wealthy person does not necessarily need to put in extra effort to work because already he has a very good amount coming in from investments and assets combined. Most of the people that we often consider as being very rich are only living a lifestyle that will be impressing to the society, majority of them are living hand to mouth and even go as far as getting into debts in order to sustain their circle of friends and the extra loud lifestyle.
It is very easy for the rich to become broke because they do not strive to become wealthy, they are only content with being rich, and so whenever there is a little economic problem, they immediately lose everything.