What is the Difference Between Being Rich, Wealthy, and Financially Independent?

March 06, 2024

Ever experienced that “Aha!” moment when a concept just clicks? I sure did while tuned into a recent podcast. It got me pondering: what truly separates being rich from being wealthy, and where does financial independence fit into the equation? Well, buckle up because we’re about to dive into it.

Defining the Terms: Rich, Wealthy, and Financially Independent

Being Rich:

Being rich means you’ve got the freedom to pay your bills, enjoy meals out, join social gatherings, and even take that yearly vacation without constantly stressing over your bank account. Your mortgage? Covered. Your car? Taken care of. And those grocery store checkout moments? Other than deciding on what you want for dinner, completely sweat-free.

Being Wealthy:

Being wealthy is about all the money you didn’t spend when you were rich. For every dollar you did not spend, it went to build your wealth for the future through investments, retirement funds, opportunity funds, and most likely, it was growing for you in the market.

Striving for Financial Independence:

Now, reaching financial independence? That’s the dream. It’s the point where you don’t have to work unless it’s something you’re truly passionate about. You’re the boss of your own schedule, free to decide how you’ll spend each day. No more calling in sick to a boss, no more watching the clock tick by during your commute, and definitely no more being tied to your phone or inbox during family gatherings.

The Roadmap to Financial Success:

It sounds simple, right? Make money to be comfortable, don’t spend it all, and then sit back and enjoy your hard work. Figure out what you want to do in your 20s, become good at it in your 30s, capitalize on your value in your 40s, and try not to work so hard in your 50s. Again, it’s a super easy recipe to follow.

The Hurdle of Financial Planning:

But you know that one thing all entrepreneurs suffer from, which is a huge hurdle to climbing to the peak of financial liberty? They are all so busy making things happen that they do not take the time to make a plan and assemble a team of advisors to lead their money to where it is treated best.

Having an Integrated Advisor

By working with an integrated advisor, entrepreneurs living in the fast lane who are seeking ultimate financial freedom will have a straight shot to success. No side shows. No squirrels allowed on the strategy plan journey, and all shiny balls that do not have maximum ROI are swatted away. It’s a long-term relationship with an advisor who has handcrafted along with you a plan that “whole-listically” includes your personal, business, financial, and wealth goals.

Want an example of a service an integrated advisor offers? Professional wrangling. Your financial advisor, insurance broker, tax preparer, wealth strategist, estate planner, corporate attorney, industry advisor, all at the same table, reading the same book, on the same page, all orchestrated by someone who isn’t you! Annual advisor meetings should be happening as a “State of the Union,” and your integrated advisor is quarterbacking the whole way. This is what you’ve always wanted.


In conclusion, understanding the distinctions between being rich, wealthy, and financially independent is crucial for crafting a roadmap to financial success. It’s about more than just accumulating wealth; it’s about smartly managing it to secure your future and achieve the freedom to live life on your own terms.

If you’re ready to take control of your financial journey and experience the devotion and commitment of an integrated advisor, look no further than Unboxed Advisors. Our team is dedicated to crafting personalized strategies that align with your unique goals and aspirations. Visit unboxedadvisors.com to learn more and embark on your path to financial empowerment today.

Remember, your financial future is in your hands—let Unboxed Advisors help you unbox the possibilities.

Experience the devotion and commitment of an integrated Unboxed Advisor


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