Wealth is an accumulation of valuable economic resources that can be measured in terms of either real goods or money value.
When I was much younger, I use to see anyone who has little bit of money as a wealthy person, because I didn't really understand what being wealthy or having wealth means, we often mistake someone who is rich, as someone who is wealthy, although they might be similar. Someone a can be rich today and become poor tomorrow, because they have no investment on ground, the investment can be in crypto, owning landed properties, investing in hive or something that will provide extra income apart from your monthly income.
My understanding of having wealth or being wealthy, is someone who has multiple streams of Income and does not rely on just one source of income, because you could be rich from one source of income "yes", but what happens when you lose it and you don't have any investment on ground that gives you extra income, know someone would say the person is supposed to have savings in bank, yes. But with the inflation rate and the price of everything increasing and the value of your money in the bank depreciating, how long do you think the savings will last?.
I know I'm not wealthy yet, but am on my way to achieve that, recently I have increased my source of income so I can achieve my goal of being wealthy some day, I invest in both crypto and forex, I also earn form the awesome ecosystem of Hive by creating content and also appreciating other people's content by upvote, recently got into Blockchain game, so I can play and earn at the same time, also delegating and earning from curation trail which I delegated too(I really don't have much HP so I delegate my hive engine tokens), even is not as much as other but it's something, I really appreciate Hive for the opportunity, I'm an artist, although I haven't being drawing as much as I want too, but once in a while I get something from that as well, I still have plan of increasing my income streams and am working towards it. My goals is to be wealthy and not just rich. Thanks you for reading. 😊🖐🏼
Lovely quote from @gualteramarelo in his post about Millionaire Wealth Principle #42 - Give the Impression of Increase and Advancement:
All the #wealth and #abundance the second you thought about it, it exists for you, the second you visualized it, the #money you want, the house you want, the spouse you want, the health and body you want, the children and family you want, the cars you want, the vacation you want, it already exists the second you want it and the way you receive it is through taking action.