Wealth is a word people don’t understand. Being wealthy is not the same as having a lot of money. The same as rich really doesn’t mean than either. Think of wealth more like you think of abundance. Then again, abundance doesn’t just mean to have a lot of something.
Wealth and abundance are more a state of mind, not a physical thing. Once you change your attitude to wealth, it is more likely you will actually get closer to what you think of as wealthy. Or even come to the realisation that you are already wealthy.
If you ask many people people why the want to have a lot of money they will give varying answers. Many will have a common theme. They want money so they can buy things. A large house, a sports car, first class travel and more. Some might even be aiming higher and want a private plane. Others wish to not work or at least reduce their hours.
Be grateful for what you have and you won’t feel the need to keep chasing more
Looking at some of these answers, people seem to think having expensive material items will make them happy. It very well may do for a short time. Then that large house takes a lot more time to clean and maintain. The heating or air conditioning costs are more so you might have to work longer to be able to afford to pay them. The gardens take more time to maintain or you have to pay others to look after them. You guessed it, then you have to work longer to be able to afford to pay them.
Sports cars don’t really work for the trips to the supermarket. Most don’t have a lot of room, are impractical to drive around in car parks and if you care for it at all, you need to park further away to avoid the usual car park dings and dents. So you need another more practical car. That means a larger garage or other area at home, or an extra parking space if you live in an apartment block. Again, more money in addition to the purchase of the item.
Wealth is not measured by the amount of stuff or toys you have. Are you really more wealthy than your neighbour because you have a bigger home or a fleet of exotic cars? Wealth is a state of mind. Be grateful for what you have and you won’t feel the need to keep chasing more. It gets back to the running theme through many of my articles that you have control over how you interpret a situation.
If you have a small home and time to spend with you family each evening and weekend, are you not more wealthy than the person working 12 hours a day 6 days a week just so they can afford the large home, cars, boats and other material things? All probably under used because they don’t have time.
Stop measuring wealth in terms of dollars. Perhaps think about it in terms of time to do the things really important to you. In other words, freedom to do what you want. That’s the true meaning of wealth. The kicker is it’s easier to achieve than earning that $5 million a year for the other lifestyle.
My income dropped by about 75% when I finished working with a client I had worked with for 8 years. I had less money coming in, however, I felt wealthier. I didn’t have to set an alarm, I didn’t have to battle peak hour traffic, I didn’t have the expense of a city parking space and more. Plus I didn’t have to wear a suit and tie each day. I would joke at contract negotiation time about not having to wear the accepted corporate uniform. It never worked.
It’s now over 10 years later and I have travelled the world in that time. I’ve lived in large European cities, small tropical islands and everything in between. By that I mean actually live there for weeks or months at a time, not just the quick few days in a hotel. I’ve had a few of those too.
If it’s a nice day outside I may work for a few hours and then head to the beach. I’m writing this on a Friday morning, from a public park and sitting in the shade under a tree. A view of the water in front of me. Sure beats sitting beats sitting in an office.
Just to be clear though, I don’t have that digital nomad Instagram life of sitting on a beach with my laptop working. No-one can do that for more than a few minutes. The sun is usually too bright and you don’t want to get sand in your computer. Don’t fall for the social media version of a wealthy life.
If people were to look at my income they would not consider me wealthy. That is just because they don’t know the whole story and are still thinking wealth equals money. It doesn’t. Wealth is a state of appreciation. If you don’t appreciate what you have and always want more, then it doesn’t matter how much money you have, it will never be enough.
- Have you fallen into the trap of equating money with wealth?
- Do you have friends or work colleagues that question your ‘wealthy’ lifestyle?