What Does It Mean To Be Rich?
April 8, 2009
I used to think that being rich meant that you had millions of dollars, a fancy car, a big house and a myriad of other niceties in your life. Now however, I am not so sure. To me being rich means that you are debt free and you have more than enough to cover your needs and reasonable wants. It also means having the resources to help the people in your life you care about.
What this really comes down to is monthly cash flow. Are you on a whole taking in more than you spend and do you have reserves should an big emergency arise? If I answer this question for myself the answer is an emphatic no. With that I know I have some work to do. First I have to figure out what I need to live. Then I need to calculate what I would need to live the way I want to live.
My goal then becomes closing that gap. You see when you put up a goal of I want to be a “millionaire” you really are saying “I want to live like a millionaire.” What we often do not understand is that even some millionaires are deeply in debt and are themselves living paycheck to paycheck. If your wealth is not long lasting why bother. You want to maintain that lifestyle for the long-run, not for a few short intense years.
Additionally by focusing on the monthly gap you need to bridge, the goal seems much more reasonable to your brain. You can mentally process it and your subconscious mind will start to accept the goal as possible. Its when we think something is possible that things start to happen.
Your next step in this process is to sit down and brainstorm all the different ways you can bridge your gap. Really get creative. Its the simple changes and ideas that make the greatest impact. Then take action on the items you brainstormed. If one doesn’t work then try another until it sticks.
Without action you will stay in the same position you are currently in or be in a worse one, a year from now. This I can promise you. Nothing happens without action. Without it you are merely a dreamer. So get moving and make yourself rich, its only a tiny gap.
Christina Helwig
www.GlobalSuccessILG.com
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It’s unfortunate that most people just want to portray a certain status, instead of accumulate actual wealth. There’s a couple of good books that talk about the lives of millionaires (the ones who work hard at obtaining wealth through being frugal): “The Millionaire Next Door” and “The Millionaire Mind,” both by Thomas Stanley. You would enjoy them. They talk about how true millionaires have no desire to show off their status and are not particularly extraordinary.