Wealth, defined

Wealth might not be what you think it is. The amount of money you have in the bank doesn’t say how wealthy you are. It might say how rich you are, but it is not wealth, Tyrone French, financial planner and retirement author gives an excellent definition of wealth in his 7k Metals Presentation:

You are wealthy when the income from assets exceeds the outgo from the liabilities and expenses.


In “Network Marketing: Business of the 21st Century”, Robert Kiyosaki talks about the nice cars and house that he currently lives in. But he makes the key point that they were acquired via ASSETS not INCOME.

14 Lessons on building Generational Wealth for Millennials | by A  Millennial's Diary | Medium

Author: wizard

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