Quote from: Oluwa-btc on April 20, 2025, 06:49:28 AM

Quote from: Berryfolia on April 19, 2025, 10:18:46 PM

Good and fine but if you say wealth is not money how do you describe one who's wealthy? Isn't it by how much money and assets he must've acquired so how do you get to explain that. Yes I know wealth is not money but it's generated from money so if you keep money aside how do you tend to create the production process you talked about without money being involved. It's simple wealth is created by so many means and money is the main source or key factorbit along the line through it you create investment and long term assets.

Wealth has been defined by the earlier reply. It is the value of assets the person is holding. Wealth is not only money, wealth can be other tangible things like land, gadget, house or anything that is owned by person with value.

Quote from: Berryfolia on April 19, 2025, 10:18:46 PM

Wealth, security and freedom come from what you own,never by a paycheck or what you owe.
In my own view,wealth is not money rather money is just an instrument to measure and keep it going.
Wealth is simply the value that we create by production process.

One can never acquire wealth if he don't inherit or buy it from his excess paycheck. In order to accumulate wealth, one has to spend money to buy it. It may come from the payment from wages, interests from investment and so on. Just think of the process and which is involved in it. Paycheck has always been the major source of fund to accumulate wealth.

Quote from: Jating on Today at 09:55:11 PM

Quote from: Berryfolia on April 19, 2025, 10:18:46 PM

Wealth, security and freedom come from what you own,never by a paycheck or what you owe.
In my own view,wealth is not money rather money is just an instrument to measure and keep it going.
Wealth is simply the value that we create by production process.

Of course, if you live paycheck to paycheck then how you can create wealth? But it doesn't mean you can't, so simply have to learn how to use all the resource you have at hand to create money out of your money.

So it means going to have a passive income, a business, be a entrepreneur. With that, it might take some time, or there could be others who developed very quick. And after that then you have the financial freedom and not living anymore thinking if you can have food to bring in the table or if you are able to have the money to pay the bills.

Still if we are talking about the casual statement of paycheck here, payment from investments, retirement, and other passive income can enable us to accumulate wealth specially if the paycheck is big enough for us to have savings.