?Ask What are a few distinctions between money and wealth?

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Money is: If you are a doctor, lawyer, or business owner, you may earn $450,000 annually with full benefits, but you will also need to work full-time and overtime (more than 60 hours) to keep that income. For a monthly subscription, you can access a country club in Beverly Hills, where you can go golfing during the summer and hunting in Canada during your annual trip.

You also possess a large home in Beverly Hills, but it's financed, as is your boat in Marina Del Rey Docs. Your children attend private schools and, if necessary, receive tutoring. You own your own vehicles, but you also drive a Ferrari and a Mercedes. The vehicles are funded. Your spouse is unemployed.

Your family's meals are prepared by a personal chef who visits your home.

You don't worry as much if you have to call in sick to work or need to take a few days off when you have a safe filled with cash in case of a rainy day.

You have enough money to, in theory, accomplish almost anything you want. If you own stocks, you may be thinking if you have enough saved for an early retirement or if you should continue working until you are 65 just to be sure. You are concerned about the possibility of a stock market meltdown and how it would impact your retirement.

Possessing nine gas stations—a legacy from your father—denotes wealth. And compared to you, your elder brother owns even more firms. Your family as a whole is comparable to a financial empire (family wealth).

Whatever medical specialists you require, you have access to private physicians who will come to your home. You are not employed. The only "job" you have is to manage your businesses.

Your children are prepared for retirement as well: they have their own retirement funds and are in secure financial standing. You train your kids to take over the family companies when they grow up. You don't help them get ready or motivate them to work. "You own; you don't work."


You possess "generational wealth," as they say. Your family trust is linked to the majority of your financial holdings. Keeping both attorneys and accountants on staff, your most valuable attorney bills $750 per hour for legal counsel, and he's well worth the money!


You have a paid-for mansion in Beverly Hills, California, and another in the Hamptons, New York; neither has a mortgage.

You have a live-in maid and a live-in butler on staff. Additionally, you have a driver to transport you around as you think about starting your next project or simply doze off in the back seat.

According to a trust, your siblings own the remaining 75% of the same Beverly Hills country club that you own 25% of. You employ more than 100 people, the majority of whom are paid hourly, to maintain both mansions, the country club, and the gas stations.

Gold is inside the safe you own!

Have You Read: Ways to Generate Income Online Without Investing.
 

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