The Difference Between Being Wealthy and Being Rich

March 29th, 2010

What cracks me up when watching a get-rich-quick commercial is how they constantly use the word wealth.  You’ve got these “cosmic wealth” “vibration wealth” or some other dung pile of verbiage.  They sit there in yachts, big houses, and a whole bunch of other “wealthy-looking” stuff.

But is having a lot of high-priced vessels of uselessness* the same as being “wealthy”?

I know a lot of people who are rich.  One guy I know in particular had (still has…as of this writing) all the usual trappings of wealth—the high-priced sports car, million-dollar home equipped with all the high-tech gadgets you could ask for, expensive furniture, the works.

You could say my friend had it all. But there was only one problem.

He was never home to enjoy any of it.

In fact, he typically worked 80-100 hours a week. He maybe got to ride in his sports car an hour a week. He never watched his large plasma screen TV.

But to those around him. He was someone to be envied. “Look at all that he has. If I had that, I’d be so happy.”

Who could blame them really. The problem though is that when most people think about wealth, they view it in terms of possessions. And those late-night info-mericials selling courses on real estate and other business opportunities only reinforce that idea.

But I define wealth differently. I define wealth as having the time to enjoy your life. The time to spend some time with the people you care most about.

Some people envy “the rich”. But I know better. I’ve seen too many of “the rich” work so much that they never see their kids and their house staff enjoys their homes more than they do.

That’s not wealth. That’s just having money. Wealth is not just having money, it’s having the time to enjoy it.

So, when you map out your career, don’t just consider how much money you will make. Think about how much time you will get to enjoy it.

P.S.

But don’t let those lame-o infomercials foll you with that “you’ll be sitting on a beach while money rolls in” junk.  Not only do 99.9% of them make you LOSE money..but that 1%who might actually make money at it (ahem–MLM–ahem) work those 100 hour weeks.

* vessels of uselessness-things that you have no use for, i.e. house with 30 rooms when only three people live there, a yacht that no one goes out on, a big TV no one watches, etc.

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  • http://twitter.com/carlon/status/11247092534 Carlon Haas

    New blog post: The Difference Between Being Wealthy and Being Rich http://bit.ly/aWe14U

  • http://twitter.com/egilman/status/11248750824 egilman

    rt @carlon New blog post: The Difference Between Being Wealthy and Being Rich http://bit.ly/aWe14U

  • http://topsy.com/trackback?url=http://dontstepinthepoop.com/difference-rich-wealthy Tweets that mention Having a lot of Money Doesn’t Make You Wealthy | Don’t Step in the Poop — Topsy.com

    [...] This post was mentioned on Twitter by egilman, Carlon Haas. Carlon Haas said: New blog post: The Difference Between Being Wealthy and Being Rich http://bit.ly/aWe14U [...]

  • http://www.ripplecentral.com Rippleon

    Love your definition or real wealth. Couldn't agree more!

  • http://confessionsofalovingwife.com/ Shannon O

    Carlon,

    I love this post! I think you make some really good points here, I too believe that the defining factor in relation to wealth is actually having the time to enjoy your life and the ability to spend time with the people you love.

    The defining factor in relation to being rich is simply just having money. In my mind wealth is the Holy Grail to be sought after – wealth is not a status it’s a lifestyle.

    Perhaps our society should focus more on quality of life as opposed to the dollar signs.

  • carlon

    Thanks.

  • carlon

    You got it right, Shannon. Most people think having more money will make them happier. I've met people from all walks of life. More money is great. But what's the use of having money if you can't enjoy it? The rich people I know work VERY hard. Too hard.

    If having time to do what you love is not the definition of wealth, then I do't know what is.

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