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The difference between being rich and being wealthy

Posted By Barry Ritholtz On September 18, 2005 @ 10:25 am In Finance,Psychology | Comments Disabled

I thought this was an interesting quote, via a reader of John Succo at Minyanville [1].

"In my mind, there is a difference between being rich and being wealthy. One is rich when one has enough capital to possess most everything one wants today and will need in the future. One is wealthy when one possesses enough capital to posses everything one would want today, and everything one will need in the future, and still have a great deal left over."

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[1] Minyanville: http://www.minyanville.com/gazette/newsviews/?id=8474

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