Have you ever looked into the topic of "being rich and wealthy"? Or rather: do you know the exact definition of these two terms?
What are the differences?
First of all, we distinguish how these terms can be classified. "Being rich", or richness, is tied to certain earnings, such as an earner's gross or net income. "Wealthy", on the other hand, refers to the share of assets and goods, both tangible and intangible, that an earner has at their disposal.

Which is "more telling" about my wealth?

Researchers in this field are of the view that it isn't income that tells you whether someone is "rich and wealthy", but solely net worth, which can be more reliable and lasting. Why is that? For one, it can be inherited and helps cover life's risks, and the likelihood of losing a well-paid job is far higher than the likelihood of losing the safety net your assets provide. Being rich doesn't mean owning lots of cars and vacation homes; it means not having to work, or at least not much, and so being able to benefit from the wages and returns on your assets, and above all from your precious time.

In summary, all the speculation about your annual income and monthly salary that supposedly defines your "being rich" is just numbers of varying size. Admittedly, though, these numbers are the prerequisite for reaching all the goals you have in your professional career. So your "being rich and wealthy" only truly begins with building up assets.

Rich and wealthy

How do I get to such wealth?

If there were an exact answer to this question, the whole topic would unfortunately lose its point, and anybody could snap up that kind of fortune. So it remains a formula for which there is no universal final solution, only individual calculations that you have to work out for yourself. As the word calculation suggests, you have countless ways to advance and grow in your calling or your profession. There are all kinds of ways successful people have managed this, but the definition of "being rich and wealthy" differs enormously for each person, down to the smallest details. So you first have to decide for yourself which goals you want to reach, and with how much effort, in order to be "rich and wealthy".

Poverty and standard of living are determined by the government on the basis of income. Being "rich and wealthy", and so again good old net worth, has no upper limit.