Rich vs wealthy

 Morgan Housel

Psychology of Money

Being rich	Being Wealthy
Rich is current income	Wealth is Income not spent
Not hard to spot rich people	Wealth is hidden
Being Rich is like Physical exercise	Being wealthy is like being on Diet
Instant gratification	Delayed gratification
Depends on the time you expend	Wealth is accumulated even during sleep
Income + Ego	Income – Ego
No control over your time	Flexibility over your time
Spend Dollars	Investing dollars
Live for entertainment sake	Life for Self-mastery
Live even in Debt	Live to create