What is the difference between income and wealth
how does one calculate wealth.
I would say that income is the actually money that you have regularly have coming in however i think that wealth is perceiving that you have more than enough of an income to be comfortable so i think that wealth is a subjective notion.
Well , Wealth is something that people already have
income is something which keep on coming
Fast income or generation will lead you to wealth and just routine income or salary will just keep you moving
Do forex trading even if you are making some salary this thing will make enough money for you to do expenses and savings ,,,be careful if you want an idea or insight let me know .Any way these are my views if they are misguiding then either ignore or reply me.
Income to me boils down to (most often) trading time for money. The only time this is not true is in the cases of those who are self employed or independent contractors who can increase their output and increase their income. It is most often people from this camp who have the best chances of becoming wealthy as they are paid for their efforts, not a set hourly/annual salary. Wealth is having the ability to not have to work for compensation but the ability to choose whether or not you will work for compensation.
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