{"id":787,"date":"2020-07-08T14:30:31","date_gmt":"2020-07-08T14:30:31","guid":{"rendered":"https:\/\/vayuacademy.com\/blog\/?p=787"},"modified":"2021-01-04T18:15:00","modified_gmt":"2021-01-04T18:15:00","slug":"difference-between-rich-and-wealthy","status":"publish","type":"post","link":"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/","title":{"rendered":"Difference between Rich and Wealthy."},"content":{"rendered":"\n<p>You might be thinking this is very simple and I do not need to learn the difference. But before you move-on, wait there is a big difference that you should know to be wealthy and happy.&nbsp;<\/p>\n\n\n\n<p>Who is a rich person?<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The person who owns a big house, the latest apple mobile phone, a big car or has a lot of money to spend.&nbsp;<\/li><li>The person who earns more than 10 lakh INR or 20 lakh INR or more than 50 lakh INR.<\/li><li>Descendent of a rich parent or someone with lucky investment or good connections.<\/li><\/ul>\n\n\n\n<p>Such a simple question but it often leads to confusing and inappropriate replies. Yes, it is confusing but what is the correct answer?<\/p>\n\n\n\n<p>Whatever your answer may be, you are wrong and need to change your thinking. We often mistakenly assume that in order to become rich we should earn more so that we can spend more. Let\u2019s answer another question to understand what it means to be rich.&nbsp;<\/p>\n\n\n\n<p>Suppose you make 16,00,000 INR per year and how much should you spend to be called as actually rich?<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Spend less than 16,00,000 INR.<\/li><li>Spend everything.<\/li><li>Spend more than 16,00,000 INR<\/li><li>Spend according to your financial plan and strategy.&nbsp;<\/li><\/ul>\n\n\n\n<p>If you squander everything you earn then you are rich. It does not matter how much you earn.&nbsp;&nbsp;A rich person only has money for short time till it gets over.&nbsp;This is where most people fail and make wrong choices. <\/p>\n\n\n\n<p>If you spend more than what you make, then you are extravagant and a fool.&nbsp;<\/p>\n\n\n\n<p>If you spend less than what you make then you are wise. But if you spend as per a financial plan and strategy then you will have the financial freedom to make life choices that lead to happiness backed by a comfortable saving cushion. This makes you wealthy. A wealthy person not only knows how to make money but also how to create wealth and stays wealthy for generations.&nbsp;<\/p>\n\n\n\n<p>A disciplined approach, decisions, and behavior is required to be wealthy and happy. In the next blog, we will learn about them.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=6He_r5ysV8w\">Watch Webinar<\/a>: https:\/\/www.youtube.com\/watch?v=6He_r5ysV8w<\/p>\n\n\n\n<p>Related Blog: <\/p>\n\n\n\n<figure class=\"wp-block-embed-wordpress wp-block-embed is-type-wp-embed is-provider-aviation-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"QQYo3R5BhX\"><a href=\"https:\/\/vayuacademy.com\/blog\/wealth-and-happiness\/\">Wealth and Happiness<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Wealth and Happiness&#8221; &#8212; Aviation Blog\" src=\"https:\/\/vayuacademy.com\/blog\/wealth-and-happiness\/embed\/#?secret=Kk94GjljLv#?secret=QQYo3R5BhX\" data-secret=\"QQYo3R5BhX\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed-wordpress wp-block-embed is-type-wp-embed is-provider-aviation-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"Hgf96jtEqy\"><a href=\"https:\/\/vayuacademy.com\/blog\/how-to-multiply-wealth\/\">Grow and Multiply Wealth.<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Grow and Multiply Wealth.&#8221; &#8212; Aviation Blog\" src=\"https:\/\/vayuacademy.com\/blog\/how-to-multiply-wealth\/embed\/#?secret=vpzpVzw1zu#?secret=Hgf96jtEqy\" data-secret=\"Hgf96jtEqy\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Image courtesy: http:\/\/indianexpress.com<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"post_787\"  data-site_id=\"5e8b2a7b943ec9a66bb76b26\"  data-theme=\"nero\"  data-white_label=\"true\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/\"  data-item_title=\"Difference between Rich and Wealthy.\"  data-item_image=\"https:\/\/vayuacademy.com\/blog\/wp-content\/uploads\/2020\/07\/images-1.jpeg\"  data-item_date=\"2020-07-08T14:30:31+00:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.54\"  data-prx=\"https:\/\/vayuacademy.com\/blog\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"excerpt":{"rendered":"<p>If you spend less than what you make then you are wise. But if you spend as per a financial plan and strategy then you will have the financial freedom to make life choices that lead to happiness backed by a comfortable saving cushion. This makes you wealthy<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"post_787\"  data-site_id=\"5e8b2a7b943ec9a66bb76b26\"  data-theme=\"nero\"  data-white_label=\"true\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/\"  data-item_title=\"Difference between Rich and Wealthy.\"  data-item_image=\"https:\/\/vayuacademy.com\/blog\/wp-content\/uploads\/2020\/07\/images-1.jpeg\"  data-item_date=\"2020-07-08T14:30:31+00:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.54\"  data-prx=\"https:\/\/vayuacademy.com\/blog\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"author":1,"featured_media":788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[146,141,148,142,144,145,152,135,150,149,151,147,138,143,140,139],"class_list":["post-787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miscellaneous","tag-assets","tag-banks","tag-bse","tag-finance","tag-hdfc","tag-icici","tag-investments","tag-mutual-fund","tag-nps","tag-nse","tag-ppf","tag-rbi","tag-rich","tag-sbi","tag-stock-market","tag-wealthy"],"gutentor_comment":0,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Difference between Rich and Wealthy. : Aviation Blog<\/title>\n<meta name=\"description\" content=\"If you spend less than what you make then you are wise. But if you spend as per a financial plan and strategy then you will have the financial freedom to make life choices that lead to happiness backed by a comfortable saving cushion. This makes you wealthy\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Difference between Rich and Wealthy. : Aviation Blog\" \/>\n<meta property=\"og:description\" content=\"If you spend less than what you make then you are wise. But if you spend as per a financial plan and strategy then you will have the financial freedom to make life choices that lead to happiness backed by a comfortable saving cushion. This makes you wealthy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/\" \/>\n<meta property=\"og:site_name\" content=\"Aviation Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-08T14:30:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-04T18:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vayuacademy.com\/blog\/wp-content\/uploads\/2020\/07\/images-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"301\" \/>\n\t<meta property=\"og:image:height\" content=\"167\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anil Goyal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anil Goyal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/\"},\"author\":{\"name\":\"Anil Goyal\",\"@id\":\"https:\/\/vayuacademy.com\/blog\/#\/schema\/person\/29433e23aa5a7d782d44b51fed6994d0\"},\"headline\":\"Difference between Rich and Wealthy.\",\"datePublished\":\"2020-07-08T14:30:31+00:00\",\"dateModified\":\"2021-01-04T18:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/\"},\"wordCount\":389,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/vayuacademy.com\/blog\/#\/schema\/person\/29433e23aa5a7d782d44b51fed6994d0\"},\"image\":{\"@id\":\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vayuacademy.com\/blog\/wp-content\/uploads\/2020\/07\/images-1.jpeg\",\"keywords\":[\"assets\",\"banks\",\"bse\",\"finance\",\"HDFC\",\"icici\",\"investments\",\"mutual fund\",\"nps\",\"nse\",\"ppf\",\"rbi\",\"rich\",\"sbi\",\"stock market\",\"wealthy\"],\"articleSection\":[\"Miscellaneous\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/\",\"url\":\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/\",\"name\":\"Difference between Rich and Wealthy. : Aviation Blog\",\"isPartOf\":{\"@id\":\"https:\/\/vayuacademy.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/vayuacademy.com\/blog\/difference-between-rich-and-wealthy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vayuacademy.com\/blog\/wp-content\/uploads\/2020\/07\/images-1.jpeg\",\"datePublished\":\"2020-07-08T14:30:31+00:00\",\"dateModified\":\"2021-01-04T18:15:00+00:00\",\"description\":\"If you spend less than what you make then you are wise. 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ICAO ATPL holder, Open IR Rating, Current Class I Medical, ICAO English Language Proficiency Level 5, Experience aviator with more than 9000 flight hours on commercial, military jet, transport, and training aircraft of more than 30 types of aircraft. Experimental Test Pilot. More than 10 years of experience. An exclusive experience as Project Test pilot on Fighter aircraft upgrade and two indigenous prototype development project SARAS and IJT aircraft. Skilled on flight test techniques in aircraft performance, stability and control, flying\/handling qualities, avionics, certification, and airworthiness. Significant experience in Radars, Electro-Optical Sensors, Communication systems, Displays, HOTAS and Controls, Human-machine interface, Navigation system, Datalink system, and Electronic warfare. Significant knowledge of Simulators and Mission planning and Debrief system. Qualified Flying Instructor with a crucial understanding of the training needs of pilots ranging from ab-initio to operational training. Military combat pilot. Accident, incident-free record flight safety record. Executive leader: Goal-oriented, cross-culture multilingual team builder who brings critical decision-making capability and flexibility to solve problems. A skilled communicator; experienced leader, precise technical writer, engaging public speaker, and negotiator. Experienced in program management, training plan\/syllabus authorship, organizational governance, and regulatory compliance.","sameAs":["https:\/\/vayuacademy.com","www.linkedin.com\/in\/testpilotanilgoyal"]}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/posts\/787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/comments?post=787"}],"version-history":[{"count":5,"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/posts\/787\/revisions"}],"predecessor-version":[{"id":2177,"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/posts\/787\/revisions\/2177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/media\/788"}],"wp:attachment":[{"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/media?parent=787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/categories?post=787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vayuacademy.com\/blog\/wp-json\/wp\/v2\/tags?post=787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}