Thursday, February 1, 2018

Wealth And Riches, How To Differentiate The Two

By Gregory Williams


A rich man is sometimes mistaken to be a wealthy one. It takes a deeper scrutiny to point out the differences and understand what to pursue. Wealth and riches can be distinguished by what they make of the person and how the two statuses are achieved. While both involve assets or possessions, the manner of looking at these possessions is different.

Wealthy persons are said to enjoy satisfaction in life. Whatever a wealthy man has as his assets, he is very contented and glad about life. He also does not lust or thirst for other possessions and is not in competition with anyone for them. In fact, bank balances and possessions do not count a great deal when the wealthy are being classified.

Wealthy people have greater good around their lives and operations. They have people within their support structures. Theirs is also a long term journey that cannot be equated to property. A wealthy person has relationships that are beneficial. He has a network of people who are reliable and will walk with him the journey of life in the long run. In fact, a wealthy person does not necessarily have to be the richest around. The weight or measure is not exclusive to possessions.

While many people opt for riches over wealth, the duration one maintains either of the status should be a wake-up call. Wealthy people maintain their status over a long time. In fact, the status is self sustaining because it is not based on material possessions. Their glue is knowledge and strong relationships that are dependable when the subject or those around are facing disaster or a catastrophe. Rich people have turned into paupers in a flash.

Material possessions are the measure of a rich man. This is why the status changes depending on comparisons you are placed alongside. People have slept rich and woken up poor because of market forces and other factors beyond their control. Richness has a dollar value and will be based on the formula used by the vetting subjects.

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.

The basic requirement for being wealthy is to have meaningful relationships, be knowledgeable and build strong networks. These are the pillars that hold you up when you are facing turbulence in life and give meaning to life when you rise with others. The wealthy enjoy a sustained status and have an impact on the society around them.




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