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

*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.

Rich is External Wealth is Internal

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

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

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

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.

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

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.

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

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.

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.

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

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

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.

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

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.

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.

All of the dislikes are from rich people.

Not sure about you guys but I wanna be wealthy 😁

- 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.

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.

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

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

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

Wealth is having few wants...

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

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.

A fool and his money will always part ways.

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:

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 :(

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

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

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.

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!

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.

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

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.

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

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.

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.

I want to be healthy and wealthy...

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.

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. 😎🤑

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

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.

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.

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.

Thanks to Mr Kiyosaki, I'm wealthy today.

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

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

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.

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

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

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.

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

wealthy AND quiet

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!!

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.

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

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

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

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.

Love this video. . Fab of robert kiyosaki

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!

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

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

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

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.

I want to be rich AND wealthy!

Prisoners don't have to worry about money. Perhaps never worrying about money is literal. Many in poverty gave up worrying about money when they got screwed over multiple times.

The moment when rich and wealthy are the same word in your language 😄

SOMEDAY IM GONNA BE WEALTHY.

My wealth is my family . I love them very much

Bill Gates went to Private School. The school let him get out of taking Math Class to work with Computers! Sure, by your description maybe - Probably I'd rather be wealthy than rich. But I don't object to work. T raining for the Football team was a lot of work, for example. I lifted weights, ran, did calisthenics, worked with a lot of exercise programs and football drills. It is hard leading a Football team to a State Championship! So there can be a lot of benefits from working and being positive and happy about it. I enjoy work. I like being connected and working with and being around Government. I enjoy the charity work I do and respect the charities for their work. And I enjoy raising a family with my wholesome values. But obviously money is always necessary.

Living on passive income/ income just by manipulating few things is mirage. Only select few can have this kind of life style on the backs of the downtrodden middle/low class who must do actual productive work every day.

I don`t want to be stinkin rich. I want to be wealthy.

great video bruv!

Very well said. Thanks for making this video.

(FACTS OVA FEELINGS). WEALTH is the Ability to Fully Experience LIFE

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

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.

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.

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...

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

"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.

Good morning sir I feel highly obliged and humbled by the grace of Almighty God 🙏 and your Magnanimity.

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 💰😆

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

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.

I"m a kid but I will be wealth in life

thank you so much for sharing 👍👍👍

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.

I wanna be wealthy

Thanks you so much for giving information 🙏

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.

Wow wow wow awesome video

Wealth transfers from generation to generation.

Rich and wealthy is almost the same. One is about having to work to make money. And the other is having the freedom to not having to work. Let’s just say a hard working guy makes $1mm a year. And another guy has a million in the bank and he is frugal and only lives off the interest. By definition the guy that makes $1mm a year is way richer. But he has to work hard for it.

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