Here we are going to talk about money and wealth. Understanding money and wealth separately helps you to pursue the right goal. Many people can't make a distinction between money and wealth or we can say that there are too many people who don't know what is wealth. Everyone knows about money because we deal with money in and out in our day-to-day life.
Here, before starting we will try to understand that what is money and wealth and after that, you can decide that what is important for you and how you should pursue it.
First of all, we will understand money. To say it bluntly I can say that money is not wealth. Money is just some monetary value which you get paid in exchange for your goods & services or in another way it is a monetary value which you pay to someone in exchange of his/her goods & services. Suppose you work for someone in present and then he/she will pay you a monetary value which you can spend/utilize in the future. We often try to equate money with wealth. Money is simply the currency needed to exchange for goods or services, while wealth is the abundance of money or materialistic possessions.
Now coming to wealth: it holds different meanings to each and every one. Being healthy, having a loving family/friends can be considered wealth. Wealth can't be bought with money but money can be minted from wealth if someone wants to. In another form, wealth can be the materialistic asset that can generate money for you or your loved one. when you can do whatever you like to do without worrying about money then you are wealthy. You can have a part of business in your portfolio, a house, a part of the land which can generate money for you is wealth. So here you can see that we can generate money from wealth but not another way around. The money along with the feeling of having enough is wealth.
So you just saw that there is a great contrast between money and wealth. Money is a materialistic thing where Wealth can be a materialistic or spiritual thing or a combination of both. The feeling of having enough is wealth irrespective of the money you hold.
Hope you understand the difference between Money and Wealth and now you can take a call that what you want to pursue? If you want my suggestion, I want you to be wealthy because if you are wealthy you have money by default plus there is a feeling of abundance.
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