In society and culture, rich and wealthy seem like interchangeable terms. But in reality, they are vastly different and should not be used interchangeably.
Being rich relies on your income. It doesn’t mean you have to live in an extravagant house, but a lack of resources and assets does not restrict you.
On the other hand, being wealthy goes beyond what you can afford. It means you have no debt, plenty of savings and investments that are growing steadily.
It’s one of the hardest things to remember. Nowadays, wealth is celebrated in movies. Wealth is an image society projects onto those with large amounts of money.
Being rich comes with a decent salary and some perks. On the other hand, being wealthy doesn’t necessarily have anything to do with your salary or employment status.
You can tell if a person is “rich” because they have an office, a big house, and expensive cars. A wealthy person looks in control of their financial situation.
If you want to know whether someone is wealthy or simply affluent, look at how they spend their time and money.