Being Rich vs. Being Wealthy: What’s the Difference?

It’s all about where you put the zeros — having a large bank account isn’t the same as having zero regrets and focusing on what brings you joy.

A wealthy couple eat sushi and drink champagne on a private plane.
(Image credit: Getty Images)

As a financial adviser, one of the topics that I often talk about is being rich vs. being wealthy. While those terms may seem like they’re the same concept, there are nuances between them, and you can be rich without being wealthy, and vice versa.

What I’ve also found, is that the difference between being rich and being wealthy comes down to where you have the most zeros.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Andrew Rosen, CFP®, CEP
President, Partner and Financial Adviser, Diversified, LLC

In March 2010, Andrew Rosen joined Diversified, bringing with him nine years of financial industry experience.  As a financial planner, Andrew forges lifelong relationships with clients, coaching them through all stages of life. He has obtained his Series 6, 7 and 63, along with property/casualty and health/life insurance licenses.