Whats the difference between cash and wealthy?

[Rain]

In this article Chase writes:

Neither are the men loaded with wads of cash

and then

However... these men have usually been either in very good shape, or were wealthy (or some mix of the two) - and across the board, all of them were intelligent, humorous, and very self-assured.

So yeah, what's the difference between having money, and having wealth, in the context that @Chase wrote? I didn't realise there was a difference so wondered what it was.

 

[Starboy]

I read that part it's a bit confusing if you closely read it and it might look a bit contradicting. I think what he was simply trying to say was the older men coupled with younger women weren't billionaire elon musk rich with cash(just indicating money not hard physical cash),but still had some wealth. That's all there is too it.

 

[ulrich]

Wealth is usually described as having abundance of money and the lifestyle that comes with it.

A blue-collar worker who is very into clubbing for example can spend all his savings in getting into the latest club and buying champagne for the girls, etc.
He has money but because it is conditional to certain circumstances or fleeting, he does not have wealth.
He has to prioritize his spending.

That is a the common understanding of the difference between wealth (someone who is rich) and having money (someone who can afford something but experiences an opportunity cost).

 

[Rain]

That is a the common understanding of the difference between wealth (someone who is rich) and having money (someone who can afford something but experiences an opportunity cost).

I get what you mean, but that's not how Chase described the difference.

If being wealthy has an extra zero on the money side, why did Chase say "neither were they loaded with wads of cash" eg he's implying the guys who were wealthy didn't have wads of cash, eg they didn't have the extra zeros.

 

[Darius]

Could be liquidity? if you have a business valuated at $2 million, but it only makes a modest amount of profit, you're technically worth $2 million but until you sell it you don't have a lot of cash.

Businesses get valuated based on more than profit, there's growth potential, market stability, etc. The same applies to stock market shares and some other types of assets.

 

[Rakehell]

in the context of the article i believe he means they were wealthy as in wealthy with desirable traits

which would be considered wealth to a woman

 

[D. Gately]

You can be wealthy and cash-poor.

 

[themino]

cash is liquid. wealth is not

 

[Fuck This]

You can be wealthy and cash-poor.

cash is liquid. wealth is not

The Financial measures of this is CashFlow Positive vs a good Net Worth

 

[PalmaSailor]

The dilemma is that it’s difficult to get serious wealth on a purely cash basis.

You just can’t make enough on a day to day basis after taxes etc.

What you have to do is be geared. That means you buy assets with it and you probably get some debt along the way.

And that’s the way it goes. The stuff you own has value, probably quite a lot, but it’s not in cash until you sell it and pay the taxes etc.

Achieving true wealth requires a judicious balance between what you acquire and what you take as income because you want to spent it.

 

[West_Indian_Archie]

In this arti

In this article Chase writes:

and then


So yeah, what's the difference between having money, and having wealth, in the context that @Chase wrote? I didn't realise there was a difference so wondered what it was.

cle Chase writes:

and then


So yeah, what's the difference between having money, and having wealth, in the context that @Chase wrote? I didn't realise there was a difference so wondered what it was.

Duration of income. (and probably source of income)

The context of the article is basically a young guy with a lot of cash - which may or may not be stable, as careers and businesses fail.

Versus old men who have been making a lot of cash for a while - proven earners.

To go along with recent manosphere trends - you're not a "high value man" unless you meet the 1st and 2nd criteria - 1) above average earning and 2) for a duration of 3-5 years, preferably 5. (the other 4 are related to having a network of other guys)

1st year can be a good year
2nd year can be a fluke
by the 3rd year, it's looking like a pattern. And past results are not indicative of the future, but what else do you have to look at?

The idea is that if you've been making above average income for 5+ years - you're doing something that really works.

So from a female perspective, she's trading her youth/fertility/sexuality for safety and security.

The hypergamy argument is that girls at different points in their lives, will want either a) a very virile man to have strong children with, b) a very accomplished man that will give her and said children a good life.

And in the real world - when you deal with 1 chick at a time - she wants both things, one or the other, and neither all at the same time.

There was a real good "before the scene" interview with Kenzie Reeves (pornstar) where she describes her options in her personal life.

• One guy has a big dick and knows how to fuck
• One guy is really funny
• One guy really understands her
• One guy has a lot of status
• One guy has a lot of money

Like most of us looking at chicks

• One girl has flawless face
• One girls insane blow jobs
• One girl is super sweet
• One girl is rich
• One girl has a great body...

My personal opinion is that you should work out, dress well, and make money FOR YOUR GOD DAMNED SELF, because these broads out here are fickle as fuck - and trying to do a minimize/maximize strategy is for people that have not fucked a lot of chicks.

My 2 examples are Will Smith and Brad Pitt. As a man goes, it's hard to better than either, and they still lost control of their relationships.

I digress.

So that's the meaning I'm taking from Cash vs Wealth.

As for the ultra wealthy not being showoffs or some other puritanical bs that's popular with my fellow Americans

Larry Ellison built a Japanese house in Cali

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[D. Gately]

"Leverage is how smart people go broke."

Mostly does not apply to RE, unless you get over-leveraged [there's that word again.]

 

[themino]

"Leverage is how smart people go broke."

starting a company, hiring people, buying assets are all forms of leverage.
leverage is how u get rich.

https://www.navalmanack.com/almanack-of-naval-ravikant/find-a-position-of-leverage