Friends
Again gap in writing blog. The thought in my mind is about the difference between "Rich" and "Wealthy". What is the key feature which differentiate a Rich person from the Wealthy one. In my view Rich may be having lot of money but the he /she needs to work continuously to remain Rich. He carries the risk of loosing richness and in most probability looses too. His income flow is very fast and uncertain and this keeps him busy, tense and vulnerable. On the other side wealthy person lives life lavishly, have sufficient time to enjoy the life and is not vulnerable to environment risk. The flow of income is good, certain and continuous. As I could understand the basic difference is in the income flow module. Wealthy people create fixed and certain income flow which is continuous and does not need their much of the personal time and attention. Such income flows are mainly from rentals, interest, royalty, dividends etc.
We should think seriously about becoming wealthy and not rich.
CP
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