It’s Giving ‘Rich’: What Does Wealth Actually Look Like?
About this episode
The episode explores the difference between being rich and being wealthy, discussing societal beliefs and personal money experiences.
So they have a Cartier bracelet, but no emergency fund. Or they own a home… but have a $5k monthly mortgage. What actually makes someone rich versus what makes them wealthy? This Deep Dive goes into some of Victoria and Bec’s earliest money memories to explore their first ideas of wealth and what it meant to be ‘rich’. They discuss clichéd wealth indicators from designer bags and luxury cars to who is allowed to be rich, whether there’s a difference to being wealthy and the realities of the upward comparison effect. This episode is less about ‘what the new rich looks like’ and more about the systemic beliefs we’re raised with versus realisations of what financial security and confidence actually feel like. Tune in for questions concerning acquired wealth, private school and boujee pencil cases. KNOW THYSELF: What’s your money mindset? Get acquainted with our quiz. MASTER YOUR MINDSET: A playlist to help you transform your relationship with money. HIT THE BLOG: Are they wealthy or are they just rich? We devoted a blog to this topic. New here? Follow us on Instagram (@shesonthemoneyaus) for Q&As, bite-sized advice…
People in this episode
Host: Victoria Devine
Topics covered
- wealth vs richness
- money mindset
- financial security
- upward comparison effect
- systemic beliefs about wealth
Keywords
- wealth
- rich
- money mindset
- financial security
- luxury
- emergency fund
- upward comparison
Mentioned in this episode
Organizations: She's On The Money, Instagram
More episodes of She's On The Money
- I Grew Up Watching Money Be Used as Control. Now I'm Building My Own Freedom.
- It Pays Well But It’s Sucking The Life From Me
- She Lost Her Fiancé, Her House and $30,000 in the Same Year
- Money Talk Makes Me Nervous. Why Am I Ashamed?
- It Costs How Much To Have a Baby, Now?!
- She paid off a $25,000 car loan on a graduate salary, then became scared to spend money at all.
Explore listener stats, chart rankings, contacts and more on the She's On The Money podcast page.