Is it therefore right to say that the rich are those who can manage to make more income than their expenditure?

Just to quote somebody 'pple who live within their means suffer from lack of imagination'. I agree with this statement. Surely for Sport these cannot be reffered to as the rich.

'Money isn't everything but it sure keeps u in touch with ur children' J. Paul Getty

Rat Race

Ama Mike Tyson, Master P, yaserbigchair, etc

no i haven't got rich, i think i stated upper middle class level of passive income. And im up for high risk, like i trade in stocks for example.

Well put guys, nothing could be more true. For instance, the simple lifestyle of Warren Buffet best illustrates this.

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3. He still lives in the same small 3-bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.

4. He drives his own car everywhere and does not have a driver or security people around him.

5. He never travels by private jet, although he owns the world's largest private jet company.

His advice to young people: "Stay away from credit cards and invest in yourself and
Remember:

A. Money doesn't create man but it is the man who created money.

B. Live your life as simple as you are.

D. Don't go on brand name; just wear those things in which u feel comfortable.

E. Don't waste your money on unnecessary things; just spend on them who really in need rather.

The thing about accumulating wealth is that at some point it gets addictive. If for example Aguytrying made millions off the stock market, the chances are high that you will play the market till the day you die and that would be your main source of cash.
This sources of passive income tend to be ways of diversifying and reducing risk. Afterall once you retire, you have to figure out what to do with your life. In most cases, this tends to be something productive along the lines of your 'high risk' jobs for as long as you have great health. Retirement tends to exist only within regulated industries and in the govt. If for example at 80 you are still mentally healthy, what will stop you from picking stocks or selling drugs in your pharmacy ?
All the best.

How are the sheikhs corrupt?

I hear you now. Almost every prince has his own palace (huge) complete with dozens of servants (some of these are the Kenyans who strive to go there to be fed dog food and thrown from balconies)