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The Real Difference Between Rich and Wealthy

The Real Difference Between Rich and Wealthy

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This week on The Real Retirees of New Jersey, Randy & Peggy Fisher discuss the differences between being rich and being wealthy, emphasizing the importance of long-term financial security over temporary wealth. They explore the concept of portfolio management, highlighting the need for an 'X-ray portfolio' to identify chaos and inefficiencies, such as hidden fees and overlapping investments. The conversation underscores the significance of understanding one's financial situation and the potential pitfalls of relying solely on advisors without being informed about one's own portfolio.

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