Imagine money is like the coins in your piggy bank, and wealth is like all the toys you can buy with those coins. Money is what you have right now; wealth is everything you can get from it. If you save up your coins to buy a big toy, that toy becomes part of your wealth.
Examples
- A child saves $10 from allowance, that’s money. If they use it to buy a toy, the toy becomes part of their wealth.
- Having $10 in your pocket is money; having a piggy bank full of coins is wealth.
- Your lunch money is money, but all the food you’ve bought with it over time adds up to your wealth.
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See also
- How Did ‘Money’ Become a Symbol of Wealth?
- Why Do We Use Money at All?
- Why Do We Use ‘Money’ in Trade?
- Why Do We Need ‘Money’ in the First Place and What Would Happen If We Didn’t Use It?
- How Did Money Change from Coins to Cards?
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