Difference between Income & Wealth
Most of us have watched the silver screen beauties Parveen Bobby, Meena Kumari and great actors like A. K. Hangal, Bharat Bhushan. They all had one similarity, they were the most celebrated and highest earning artist's of their time. Ironically, all of them died almost having nothing to their name. Now the question is, How is that possible? Persons with such extremely impressive income levels could die penniless? This is because most of them did not realize the difference between income & wealth. Income , It can be generated by your knowledge & skills but Wealth can be created only with determination, patience and passion. Understanding the relationship between income & wealth Let us take a case of 4 people (A, B, C & D) with the same income level Particulars Mr. A Mr. B Mr. C Mr. D Monthly Income Rs. 50,000.00 Rs. 50,000.00 Rs. 50,000.00 Rs. 50,000.00 Monthly Savings