Wealth and Riches Aren't the Same Thing

Discovering wealth as a function of time.

Many people measure wealth by dollars, falsely believing that the dollars they possess are wealth.

That’s only partly true.

A million dollars may seem like a lot of money to you, but if the owner of that million dollars has expenses of $100,000 a month, he’s ten months away from bankruptcy.

On the other hand, someone may have only $360,000, but if his expenses per month are just $3,000, he’s wealthier than the millionaire.

It takes the man with $360,000 and $3,000 a month in expenses ten years - not ten months (like the millionaire) - before he runs out of resources to sustain his family.

The $360,000 man with two-thirds fewer dollars and far less monthly expenses than the millionaire has true wealth.

Time is wealth.

The longer you can sustain yourself without income, the wealthier you are.