Wealth is distinct from being rich, defined primarily by having financial independence and a buffer to survive unexpected negative life events.

“wealth is if [ __ ] hit the fan and I lost my job and the market fell 50%. And I changed my taste or somebody sued me, whatever it might be, I have a level of independence and backs stop and cushion here to make it okay.”

Being able to avoid dealing with negative or unwanted situations in life is a marker of having a rich life.

“the rich life thing is you don't I I can tell that I have a rich life if I don't have to deal with [ __ ] when I don't want to.”

The shift from judging those with wealth to having curiosity about their methods is a major transformation in personal growth.

“And now instead of me, and this is like an actual transformation for me. I don't feel a charge to people that have money at all. Actually celebrate it. I look at the people that are winning quotequote the Monopoly game that we're all here in this game.”