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.

What Does It Mean to Be Rich?

On the other hand, being wealthy means you have no debt, plenty of savings and investments that are growing steadily.

What Does It Mean to Be Wealthy?

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.

What’s The Difference?

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.

Your Income

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.

Your Status

If you want to know whether someone is wealthy or simply affluent, look at how they spend their time and money.

Your Style