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That's wealthy, not rich. Rich people live off income, wealthy people live off net worth.
by gnaritas 7y ago
That's wealthy, not rich. Rich people live off income, wealthy people live off net worth.
- jedberg 7y agoEveryone lives off income, it's just that some people get that income from their investments (ie. net worth) and some work for it (and business owners do both). And some people still work when they don't need to anymore. But still, being rich means not needing to work (in my mind).