There is some serious simple wisdom in the attached article.
When people talk about being “rich” what most folks mean in my experience is the ability to live free from the day to day pressure of bills and credit ratings and college tuition lurking in the future, or in one’s past. Being rich for most people means being independent. Being able to do things on one’s own terms.
Beyond independence being rich may also mean for some people the ability to enjoy experiences which add value to one’s life while being independent.
Fundamentally, as this article points out, being rich has everything to do with living below one’s means. So long as one is not spending all that one has coming in each month one can live quite a nice life. Once outlays exceed income however, even if one makes a pile of money, one is not going to feel rich.
Of course not spending every dime which comes through the door is way easier said than done. For many of us this is not an option. Most Americans live paycheck to paycheck. The thought of living below ones means seems like a dream.
But it is a good dream to have and for most of us it is attainable with hard work and discipline. It may take years to get there, but for most Americans it is possible.
Living the “rich” life, being independent, is achievable. Now most of us won’t be flying around in helicopters and skiing in Switzerland but we can live lives of financial dignity and relative freedom.
If we live below our means. But again, that is easier said than done.
(From The Motley Fool)
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