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- Have you ever seen how a successful person ruined his life? How was it?<\/li>\n\n\n\n
- \u00bfEs mejor ser rico o adinerado?<\/li>\n\n\n\n
- Is Monaco the most expensive place in the world?<\/li>\n<\/ul>\n\n\n\n
Si quieres que responda a alguna pregunta en Quora o YouTube, o est\u00e1s buscando invertir, no dudes en p\u00f3ngase en contacto conmigo<\/a>, correo electr\u00f3nico (advice@adamfayed.com) o utiliza la funci\u00f3n de WhatsApp que aparece a continuaci\u00f3n.<\/p>\n\n\n\n
Es posible que algunos de los enlaces y v\u00eddeos a los que se hace referencia s\u00f3lo est\u00e9n disponibles en las respuestas originales. <\/p>\n\n\n\n
Fuente de todas las respuestas: p\u00e1gina Quora de Adam Fayed.<\/p>\n\n\n\n
\u00bfEs mejor ser rico o adinerado?<\/h2>\n\n\n\n
In some situations, there is a big difference between being wealthy and rich.<\/p>\n\n\n\n
It isn\u2019t just semantics, unlike what some have said below. It is true that the media, and many people, use them interchangeably, but that doesn\u2019t mean that they are.<\/p>\n\n\n\n
Take this as an example. If you have a person making $20m a year after tax, but they spend $20m, they are rich on many measures.<\/p>\n\n\n\n
There have been plenty of people in this bracket. They aren\u2019t wealthy. If they spend $21m, they are even in negative net worth territory.<\/p>\n\n\n\n
There have been countless sports and entertainment stars who fit into this category:<\/p>\n\n\n\n
In comparison, you could have another person who makes 80k a year. They live in a very cheap part of the world with few taxes.<\/p>\n\n\n\n
They invest 40k a year. That person will likely be wealthy by middle age, as they are investing half of their living costs every year.<\/p>\n\n\n\n
The following graphic from financialtwins explains it in a simplified way:<\/p>\n\n\n\n
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Whilst it isn\u2019t true that every flash person is broke or every millionaire is frugal, there is a commonality.<\/p>\n\n\n\n
Unless you are earning huge bucks, you can\u2019t build wealth quickly by being overly flashy.<\/p>\n\n\n\n
As shown in the picture, the person with a negative 15,000 net worth might have a considerable income, but certainly isn\u2019t wealthy.<\/p>\n\n\n\n
Likewise, few people would see the asset rich, but income poor, old grandma as rich! There is a new expression for people like that – house poor.<\/p>\n\n\n\n
That is because housing costs and bills eat the majority of their income. So, to answer your question, it is best to be both rich and wealthy, of course.<\/p>\n\n\n\n
But if you need to pick between one, it is better to be wealthy than \u201crich\u201d but with a negative net worth.<\/p>\n\n\n\n
The sensible higher-income salaried or business person delay gratification. If you do that, it is possible to create enough cash flow to spend more over time anyway.<\/p>\n\n\n\n
If a person with a high income dramatically increases spending before that has been achieved, there are always significant risks if the income dries up.<\/p>\n\n\n\n
The wealthy person ultimately has something to fall back on.<\/p>\n\n\n\n
![\"\"](\"https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2.png\")
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