What is "Rich" Really?

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Our world, mainly driven by the American mentality, is focused on wealth. I have spent so much of my life thinking about ways to get rich and how to make it happen.

The truth is, there are many ways to get rich, and each person would probably provide you with different feedback on how to do it. However, always look at the source before taking what they say as gold.

If you are a normal person, you probably work at a job that is 8-5 with an hour-long lunch, or maybe 6-2:30 with a 30-minute lunch. You go to work, punch the clock, and wait for the day to be over.

Or you are salaried and don't punch the clock, but you're no longer confined to the hourly schedule and typically end up working more than 40 hours each week.

If you're lucky or have pursued your passion, you have a job that you genuinely enjoy. The more I talk with people, the less this seems to be common, but it does exist.

The third most likely scenario is you have the benefit of working for yourself. Either you love your business, or you hate it, either way, you have the freedom to expand and grow or shut it down.

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Regardless of your love, or disdain, for your current employment, you probably work something like 30-80 hours each week making $35,000-$150,000 each year. Not too bad, but doesn't something just feel wrong with this scenario?

What I just described is what almost everyone does... And it's pretty easy to do. There is a societal norm that you get a job or start a business, provide for yourself or your family, then hopefully retire after you have done it for 40-50 years.

You have heard all of this before - the narrative on how terrible our lives are, and here are 10 ways to improve them - Well, if it was easy to change the narrative, work 10 hours each week and make $100,000 each year, everyone would be doing it, and it would be the norm.

But that just isn't the case.

So what does "rich" look like in this scenario?

More money with less time invested, right? In reality, everyone has their own view of what "rich" is. This just so happens to be mine.

Yours may agree with mine, or it may not. You may view "rich as not working, living minimally off the grid. Or you may view "rich" as making the same money as you do now but working fewer hours, so you have the freedom to spend more time with your kids.

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Whatever your "rich" is, how can you achieve it? You know yourself far better than I know you, but I would encourage the following steps to start your journey:

  1. Identify what “rich is to you.

    This is probably the most essential step. Do whatever you have to in order to brand it into your mind as your #1 goal. Then make decisions accordingly. If a choice doesn't move you in the direction of your goal, say no, or get rid of it.

  2. Identify what you are putting off due to fear.

    Generally, fear is an indicator of two things. Either there is danger and risk for survival, or it is something that needs to be done, but has great difficulty or uncertainty.

    The nature of finances calls for the latter to be the driving fear hindering our pursuit of getting "rich." While getting "rich" can dictate the quality of our life, it is not life-threatening.

    I am guessing you fear to pursue your "rich," and that is normal. But we need to recognize the reason for fear and that it is more about difficulty and uncertainty than survival.

  3. Identify what is costs you financially, emotionally, physically, and relationally, if you choose to postpone your pursuit of “rich”.

    All decisions have consequences; this is something we learn as children. Those consequences are either positive or negative depending on your action, or inaction. I can promise you that the impact on your life by not acting will be more significant than you wish it would be.

  4. Write down the answers to these questions.

    This is very important and will help solidify these answers in your mind. Without writing it down the answers to these questions can flip flop and make you lose sight of your goal altogether.

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To Conclude

Remember to have grace for yourself. Life is difficult, and finances are the cause of significant stress in our lives. Wouldn't it be great to move past that and to focus on what excites us?! To be in a place where we are excited to wake up each day because our life is full of joy!

You may not make more money than you made before, but maybe what mattered to you was spending more time with your kids and your spouse, or spending more time backpacking/camping, or taking more opportunities to travel the world.

Now, after transitioning your focus and working towards what you really desire, you work from home two more days each week, you intentionally plan backpacking vacations throughout the year, or you set up travel dates and destinations that you plan to go this next year.

That is something to fight for and be proud of, because your "rich" is for you to enjoy, and no one can take that away from you.