Question

Rich dad once said; Rich is measured in dollars. Wealth is measured in time. For example, most people think $1M is rich, but if expenses are $100K a month, wealth is only 10 months. How long you can survive without working is how wealthy you are. Being wealthy is more important than being rich."

What is the statement emphasizing about wealth and richness?
A) Wealth is insignificant.
B) Richness depends on expenses.
C) Being rich is more significant than being wealthy.
D) Wealth is about financial freedom and time

Answer 1

The statement emphasizes that wealth is about financial freedom and time, and being wealthy is more important than being rich.

Step-by-step explanation:

The statement emphasizes that wealth is about financial freedom and time.

Rich dad's quote suggests that being wealthy is more important than being rich because wealth is measured by how long you can survive without working.

This means that having a high income (being rich) is not enough if your expenses are also high because it will only last for a short period of time.

On the other hand, wealth is about accumulating assets and investments over time, which provides financial security and the freedom to live without relying on a job.