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Minggu, 14 Januari 2018

Differentiating Between Wealth And Riches

By Gregory Williams


It is common to have the two words used interchangeably. However, they mean two different worlds that are subtly distinguished. Wealth and riches are differentiated by the state of being when one acquires one and also the process of acquisition. Possession is also a differentiating factor, but these assets differ in each of the two cases.

A wealthy man is considered satisfied with his possession. This translates into possessions that elicit a feeling of gratitude and contentment. In fact, wealth goes beyond material possession. The motivation for wealthy people goes beyond money and the items they own. The wealthy are not regarded in terms of their bank balances.

The wealthy live a life of satisfaction and experience incredible good in their lives. What they count as possessions include networks that provide support and relationships that are more valuable than money. These networks and relationships are also built over time and will take time to break. They offer long term benefits as opposed to instant fixes. In fact, the wealthy do not have to be the richest in the neighborhood. Their satisfaction does not necessarily arise from material possessions.

Humanity is pushed to gravitate towards being rich instead of wealthy. Wealth is self sustaining in that a person can live long depending and tapping on his networks. Wealth is difficult to wipe out because it is based on knowledge and relationships. This is why catastrophes and disasters cannot wipe out a wealthy person. However, a rich man can be turned into a pauper because of such occurrences.

The measure for richness is your material possessions. It is what you own or have acquired that determines whether you are rich or not. This is why one can turnout to be rich in a day and poor on the other. Further, you do not require the support networks to be rich. Moreover, one can quantify your richness in dollars or material property. Being rich will also depend on the people around you and what they own.

The rich do not necessarily have to rely on networks to attain such a status. Some are rich yet live in neighborhoods that are ravaged by poverty. In such cases, the rich man is not having an impact on the lives of people around him. This is a recipe for loneliness and likely to cause conflict. It also denies the subject the peace he requires to enjoy his possessions.

It is impossible to argue against being rich. However, the question should remain how one transits from being rich into being wealthy. The basic requirement is having an impact on the lives of those in your neighborhood using your possessions. The network and relationships you create bring contentment and peace around. Even when you fall, you will have a support system around you.

Information and networks are important for the wealthy. It is these advantages that enable such persons to survive turbulence and experience peace amidst down falls. Wealthy people are not interested in quick treasures but take time to build lasting assets around them that do not have to be physical.




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