I am writing this after I saw a blog about two types of rich peoples with which I strongly disagree, in return, I am writing this to clear a lot of misconceptions people have about rich people and I come from a middle-class family and I don't want to make it controversial I will be only writing the facts and my opinion.
Before we begin discussing that I would like to clear some misconceptions about a rich and wealthy person. And the blog link will be at the bottom of the blog.
What is WEALTH?? to define wealth, let me ask you if you one day stop working currently as many have lost jobs due to corona when you stop working how many days can you live without working with 3 full meals, internet and continuing your daily lifestyle. For most people that will 3 months or just say 1yr. So back to the topic wealth is the money you make while u sleep and it multiplies, basically, it means increasing your passive income per month or yeah will be greater than your expense.
Now, rich people, are people with lots of money they are businessmen, actors, and others. Most of them were middle or low class before they have invested their time, effort into building their business, sources of income in their 20's and 30's when most people are partying or working hard to just survive.
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”
That person has written that there are 2 types of rich people one is character-rich and the other is rich rich. I would like to ask you if you have studied for months for a test and some stranger sitting behind who happens to not have studied anything, will you be willing to waste your time a tell him to answer instead of solving your paper. The rich people have invested years to either create the money or to maintain and increase it. Also mentioned that the rich people are struggling to find good place to invest, just to be clear a middle-class person can become rich if he invests the money he saves as frugally as possible in their 20's and it possible to quit your job and be able to live off your investment all your life at the age of 35 or your 40's. It is not the money that makes them rich it's rather the ignorance of the masses that makes them poor.
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