Soulmates: different souls that we encounter on our path that are cut from the same “energetic cloth” as us and are sent to help awaken and challenge us so we can become the best versions of ourselves.
Twin Flames: when our own “energetic cloth” grows so big with love that our energy splits into two. This other half becomes our Twin Flame. This often occurs over many, many lifetimes.
The higher purpose of a Soulmate relationship is the growth and evolution of ones own consciousness, whereas the higher purpose for Twin Flames is creating a higher vibration and consciousness for the entire planet through ascending together.
Essentially, Soulmate relationships help us to raise our own consciousness, whereas Twin Flame relationships have the effect of raising the consciousness for the entire planet.
More often than not, you will work with both Soulmates and Twin Flames over the course of many lifetimes.
Everyone has Soulmates but not everyone has a Twin Flame.
This does not mean that a Twin Flame is just reserved for “special people”. We are all souls sent here for a unique, special experience and that experience may include a Twin Flame, or it may not.