Hey Invest Divas and Invest Divos! Today, weâre delving into a topic that might seem straightforward but is often misunderstood: âwhy rich and wealthy are not the same.â You see, being rich and being wealthy are two completely different ball games, and Iâm here to break it down for you. Plus, Iâve got some fantastic insights on how you can start building generational wealth. Intrigued? Keep on reading! Redefining Wealth So, whatâs the deal with being rich versus being wealthy? Well, letâs start by debunking a common misconception: having a big bank account doesnât necessarily mean youâre truly wealthy. Wealth goes beyond the material possessions that we often associate with being rich. Itâs about creating a solid foundation for your financial future. The Surprising Truth About Rich People Even high-earning professionals like lawyers and doctors can find themselves in a tricky financial situation. Shocking, right? A couple of years ago I was standing in line to accept my 2 Comma Club Award that Russell Brunson from Clickfunnels gives to people who have generated at least 1 million dollars in their business. I totally expected million-dollar earners receiving these awards to be living the dream. However, the person behind me shattered that illusion by revealing that they were having to file for bankruptcy. Now I know thatâs because if you donât know how to manage $100, there is no way youâll know how to manage a million dollars. Itâs a clear reminder that financial literacy matters more than the numbers in your account or the numbers represented by an award as this doesnât always reveal the hidden truth about someones financial situation. Mindset Shift: Moneyâs True Purpose So, how do middle-class, rich people, and truly wealthy individuals perceive moneyâs purpose? Hereâs the reality: middle-class and rich people often see money as a means to buy stuff â cars, houses, and more liabilities. Wealthy people on the other hand understand that moneyâs primary purpose is to be invested wisely. They put their money to work, often in themselves, their businesses, and other ventures like stocks or private equity. Making Your Money Have Babies Ever heard of making your money have babies? Itâs not as strange as it sounds. This means multiplying your moneyâs power while youâre out enjoying life. Imagine your money working tirelessly to generate more money â thatâs the essence of wealth-building. Itâs not just about making money; itâs about creating a financial legacy that keeps growing. Debt: The Good, The Bad, The Wealthy Debt isnât all bad â at least not when used wisely. Wealthy individuals leverage good debt, which means they use borrowed money to generate even more wealth. On the flip side, middle-class rich folks often fall into the trap of bad debt, using loans for purchases that donât contribute to their financial growth. The Wealth Diva Ecosystem Hereâs where it gets exciting. The Wealth Diva Ecosystem, as I like to call it, comprises four pillars: influence, income, investing, and insurance. The truly wealthy have a strong foundation in at least two of these pillars â passive income and investments. These pillars work together to create a resilient financial future. Your Path to True Wealth If youâre ready to step up your wealth game, itâs time to shift your focus. Itâs not just about chasing cash flow; itâs about making your money work for you. If youâre intrigued and want to dive deeper into building your Wealth Diva Ecosystem, join our upcoming Build More Wealth live virtual event by clicking here. VIP tickets are the pick of the bunch as this gets you in the live virtual room with me for an extra hour compared to a general admission ticket. If youâve always wanted to experience my coaching and ask me questions, now is your chance! Conclusion: Remember the Essence As we wrap up, always keep in mind that the purpose of money is not to come and go but to work tirelessly for you. Being truly wealthy means having a solid financial plan, investing wisely, and making your money work across generations. So, hereâs to your journey towards building generational wealth! You might also like: WHY WALL STREET WANTS YOU TO BE POOR I hope you found this post about âwhy rich and wealthy are not the sameâ helpful and insightful. What was your greatest aha moment when reading this? Leave me a comment below, I would love to know! If youâre ready to become a premium investor and you want to learn how to take control of your financial future and make your money work for you, join me and my fellow Invest Divas and Divos in building a brighter financial future today! Our fun loving and supportive community is ready to welcome! The post Why RICH And WEALTHY Are NOT The Same appeared first on Invest Diva®. [Image] Here are Some More Investing Tips and Resources. Enjoy! Sponsored ["Mastering Market Volatility:
The Ultimate Bears & Bulls Battle Plan" Click here to get your FREE Battle Plan!]( [Why RICH And WEALTHY Are NOT The Same]( Hey Invest Divas and Invest Divos! Today, weâre delving into a topic that might seem straightforward but is often misunderstood: âwhy rich and wealthy are not the same.â You see, being rich and being wealthy are two completely different ball games, and Iâm here to break it down for you. Plus, Iâve got some fantastic insights on how you can start building generational wealth. Intrigued? Keep on reading! Redefining Wealth So, whatâs the deal with being rich versus being wealthy? Well, letâs start by debunking a common misconception: having a big bank account doesnât necessarily mean youâre truly wealthy. Wealth goes beyond the material possessions that we often associate with being rich. Itâs about creating a solid foundation for your financial future. The Surprising Truth About Rich People Even high-earning professionals like lawyers and doctors can find themselves in a tricky financial situation. Shocking, right? A couple of years ago I was standing in line to accept my 2 Comma Club Award that Russell Brunson from Clickfunnels gives to people who have generated at least 1 million dollars in their business. I totally expected million-dollar earners receiving these awards to be living the dream. However, the person behind me shattered that illusion by revealing that they were having to file for bankruptcy. Now I know thatâs because if you donât know how to manage $100, there is no way youâll know how to manage a million dollars. Itâs a clear reminder that financial literacy matters more than the numbers in your account or the numbers represented by an award as this doesnât always reveal the hidden truth about someones financial situation. Mindset Shift: Moneyâs True Purpose So, how do middle-class, rich people, and truly wealthy individuals perceive moneyâs purpose? Hereâs the reality: middle-class and rich people often see money as a means to buy stuff â cars, houses, and more liabilities. Wealthy people on the other hand understand that moneyâs primary purpose is to be invested wisely. They put their money to work, often in themselves, their businesses, and other ventures like stocks or private equity. Making Your Money Have Babies Ever heard of making your money have babies? Itâs not as strange as it sounds. This means multiplying your moneyâs power while youâre out enjoying life. Imagine your money working tirelessly to generate more money â thatâs the essence of wealth-building. Itâs not just about making money; itâs about creating a financial legacy that keeps growing. Debt: The Good, The Bad, The Wealthy Debt isnât all bad â at least not when used wisely. Wealthy individuals leverage good debt, which means they use borrowed money to generate even more wealth. On the flip side, middle-class rich folks often fall into the trap of bad debt, using loans for purchases that donât contribute to their financial growth. The Wealth Diva Ecosystem Hereâs where it gets exciting. The Wealth Diva Ecosystem, as I like to call it, comprises four pillars: influence, income, investing, and insurance. The truly wealthy have a strong foundation in at least two of these pillars â passive income and investments. These pillars work together to create a resilient financial future. Your Path to True Wealth If youâre ready to step up your wealth game, itâs time to shift your focus. Itâs not just about chasing cash flow; itâs about making your money work for you. If youâre intrigued and want to dive deeper into building your Wealth Diva Ecosystem, join our upcoming Build More Wealth live virtual event by clicking here. VIP tickets are the pick of the bunch as this gets you in the live virtual room with me for an extra hour compared to a general admission ticket. If youâve always wanted to experience my coaching and ask me questions, now is your chance! Conclusion: Remember the Essence As we wrap up, always keep in mind that the purpose of money is not to come and go but to work tirelessly for you. Being truly wealthy means having a solid financial plan, investing wisely, and making your money work across generations. So, hereâs to your journey towards building generational wealth! You might also like: WHY WALL STREET WANTS YOU TO BE POOR I hope you found this post about âwhy rich and wealthy are not the sameâ helpful and insightful. What was your greatest aha moment when reading this? Leave me a comment below, I would love to know! If youâre ready to become a premium investor and you want to learn how to take control of your financial future and make your money work for you, join me and my fellow Invest Divas and Divos in building a brighter financial future today! Our fun loving and supportive community is ready to welcome! The post Why RICH And WEALTHY Are NOT The Same appeared first on Invest Diva®. [Continue Reading...]( [Why RICH And WEALTHY Are NOT The Same]( And, in case you missed it: - [Will A Debt Crisis Derail Stocks and the Economy?](
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