So on a message board someone asked what's the difference between rich versus wealthy? Rich people spend their money in 1 generation, maybe 2 if they are lucky. Wealthy people pass it on for generations building upon it. I thought interesting way to look at it. This was referring to the press article about Britney Spear's spending habits.
Spears is just another star spending lavishly. However the question arises how long can she keep up this lifestyle? The really rich person is probably the one managing her money and writing her a check. Hence she's rich, but the other guy is probably wealthy.
To further the example her ex-hubby K-Fed made $500k last year in endorsements but only grossed $7500 after expenses. How does he maintain the lavish lifestyle? He had got $22k/month in spousal support and $15k/month in child support. But soon that will end and what will he live on? Another case of being rich, but not wealthy?
Is that an adequate description of rich versus wealthy?