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What is the difference people wealthy and rich people?
Being wealthy and being rich are not always two different things. But, the common way to look at the difference is a matter of liquidity. When I say liquidity, I mean cash versus assets. For example, say you inherit $500,000 from a deceased relative. You are ecstatic but have no idea what to do withRead more
Being wealthy and being rich are not always two different things. But, the common way to look at the difference is a matter of liquidity.
See lessWhen I say liquidity, I mean cash versus assets. For example, say you inherit $500,000 from a deceased relative. You are ecstatic but have no idea what to do with that money. You decide to put it in your checking account until you can think of something better. In this scenario, you are rich. You have half a million dollars in the bank but this money is not making more money. You could make a bed out of the stacks of bills and take pictures for your Instagram, or spend it on whatever you like. The smart thing to do would be invest, there are a thousand different ways to invest, but I won’t get into that on this answer. Say you decided to buy real estate. You put the entire $500k towards property that will cash-flow each year, giving you money to spend. In this scenario, you are now wealthy. You own an asset that will produce cash for many years to come and you have a high net worth. But, you are not necessarily rich because you spent all of your cash on property, leaving your bank account where it was before the inheritance. In summary, wealth refers more towards your net worth and rich refers to the cash in your bank account.
Do you find aging depressing?
When I was 16, I probably felt the same as you- just wanted to grow up. My advice is this: enjoy your youth while it lasts! Of course I don’t know anything about your family life, but the older I get, the more I realize the importance of family. All too soon, you will grow up, so enjoy your youth beRead more
When I was 16, I probably felt the same as you- just wanted to grow up. My advice is this: enjoy your youth while it lasts! Of course I don’t know anything about your family life, but the older I get, the more I realize the importance of family. All too soon, you will grow up, so enjoy your youth before it is too late! As far as growing older being depressing, for me, I would have to say that it is. I turned 45 this year, so I hopefully still have lots of good years ahead of me.
See lessMy MacBook won’t come up after a little water poured on it.
You may consider using a professional MacBook repair service. There are two types of services. The first type is Apple Stores and Apple Authorised Service Providers (ASP). The second type is a third-party repairer. There is a warranty that comes with it, so you don’t have to worry about anything excRead more
You may consider using a professional MacBook repair service. There are two types of services. The first type is Apple Stores and Apple Authorised Service Providers (ASP). The second type is a third-party repairer. There is a warranty that comes with it, so you don’t have to worry about anything except your data. I saw this online. If your Mac won’t turn on due to a liquid spill, and the colour of the liquid indicators has changed from white to red as shown in the photo below, you void the standard warranty. All MacBook models have liquid indicators near the entrances where liquid can get in easily. The liquid damage indicators are usually under the keyboard, trackpad, and the edges of the logic board.
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