A house, a car, long haul flights and an all-inclusive or five star hotel stay can be some of the biggest purchases you’ll make in life.
Note how you feel when you consider the 5, 6 or 7 figure sum for the first time. How does that change once you’ve decided to take the leap and pay the bill? And once it’s been paid? It’s an interesting mental transition.
You can get rich quick but it’s unlikely to be easy. First define what quick means. In an 80 year life, I’d say quick would be 5 years, though you could stretch it to 10.
You also have to define what rich is. So let’s say USD2.0 million. That’s a reasonable sum. If you put that in a dividend stock like IBM and received 5% per year plus some capital gain, you’d have USD100,000 per year income and a growing capital base. This would be more than 3x the average salary of a US worker and they’d never have to lift a finger for it for the rest of their life. For the average person, that would be life-changing and feel rather rich.
Can it be done? Of course it can. You can achieve anything. It is rare but happens 1,000’s of times per year.
Example can be found in tech startups, sports, entertainment, music, finance, sales and small companies. In 5 years, a person can go from 17 and obscure to 22 and minted. It won’t have been easy but it was very quick. Now go make it happen!
Stop scrolling. Stop searching and clicking. Turn off the TV. Go to bed.
Sometimes you need to have a conversation but you put it off because it might be uncomfortable. Well if you’ve put it off once or twice, it is probably time to gather your nerves, be calm but be direct and get it over with. Go have the conversation that you know you should.
You probably work hard during the day. Remember to take some breaks throughout. Let your mind relax, meditate, sit down and recharge. It’s quite important to fit in some breaks. You’ll feel better and you’ll perform better.
There are so many reasons to smile in a day. That you are alive is a great one! Hopefully you have your health too. Perhaps it’s not perfect, but if it’s pretty good, usually, then you’re blessed. Finally, having a few coins in your pocket is also a great reason to smile. Now if you have someone special, or a few people, to share this feeling with, then you have it all!
Have you ever had these thoughts? Should I party now and hope things get better or should I spend a little time preparing for my future life? The tough part is deciding what the optimal balance is for this constant, once-in-a-lifetime consideration. Should I spend and enjoy today or save now and spend later? The ratio adjusts at every moment, consciously or not. Now is the time to make better, conscious decisions.
Pick a year or an age you’ll be and figure out what you would like your life to look like at that time. You’ll be three years happily married or worth £680,000 or fit like my favourite celebrity. Use this powerful visualisation tool today because one day you’ll run out of ‘by thens’.
School grades? Your job? Maybe your income is more important than the job itself. Is it important to give your kids a great childhood? What does a great childhood mean? It’s probably slightly different for a lot of people. Only you can decide what is important in your life. And we will know by what you actually do and not what you tell us.
You can make assumptions, guess or shrug your shoulders, or you can simply find out why. Ask the questions. Listen to the answers. It sounds so simple. Because it is.
