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Money and Finances
Reply to "Why are people so hesitant to call themselves rich/wealthy when they are by any definition?"
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[quote=Anonymous]Rich is how much you spend. Wealth is how much you have. To some extent, both of these can only be truly measured over the course of a lifetime. A salaried person who wears out of a high income job at age 50 or 65 has a different lifetime financial situation from someone who owns a business or celebrity that keeps paying well for another 10 or 20 years with minor maintenance . Someone with major medical problems can lose their wealth, and someone with huge savings may never touch it out of a sense of preparation. Raising 4 kids keeps you less financially wealthy than 0 kids, but also children are a different kind of wealth. [/quote]
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