“Ordinary riches can be stolen, real riches cannot. In your soul are infinitely precious things that cannot be taken from you.” ~Oscar Wilde
Being “truly rich” begins, not after you have acquired wealth, but when you begin your journey to create such a life. Who you ultimately become is determined by the person you are during your journey to create your best life.
Despite all the wealthy people I know, I know relatively few people who can be categorized as “truly rich,” meaning they’ve created compassionate, passionate, purpose-filled, loving, and service-oriented lives, along their path to accumulating monetary riches. Of those who do, in fact, meet these criteria, I outlined their remarkable traits in my book, Living with Certainty: Experience Deep-Soul Joy, and the 65 “Energy Enablers.”
While the wealthy have money by definition, the truly rich are not always extremely wealthy. Accumulating wealth is what you do, but being rich is who you are. The “truly rich” are rich in spirit well in advance of acquiring wealth. You must be rich inside to be truly rich. Amassing wealth will open more doors of choice, but will not automatically make you happy and fulfilled. Being “truly rich” is about developing a lifestyle that enables reaching your fullest potentiality — not just financially.
Are You Truly Rich? Ask Yourself:
Do I brighten up the world of those around me, and help to shape their lives in profound ways?
Do I have abundance and balance spiritually, physically, emotionally, intellectually, relationally, and financially?
Do I live in awe and with gratitude for this thing called “life”?
Do I help others who are less fortunate?
Do I give and serve?
Do I have the freedom to live where I want, vacation when I want, retire when I want, see my family and friends when I want?
Do I help others to lift themselves higher?
Do I spend enough time working towards accomplishments that will endure, memories that will endure, and relationships that will endure?
Do I have a giving, loving spirit and do I consistently contribute to the greater good?
Have I fully examined and defined my values, priorities, goals, and beliefs?
Do I have a clear vision that I actualize through a daily action plan and plain, old-fashioned, hard work?
Do I have enough money to be comfortable and secure for the rest of my life?
A Wealthy Mindset
Having a “rich” mindset (mental makeup, principles, and habits that guide your actions) – in addition to your hard work – is essential and fosters wealth-building thoughts, behaviors, and activities. It is a rich mindset that will ultimately lead you to a rich life and wealth – and some people don’t naturally have this mindset. I hope the following tips and tactics can set you on your journey to a truly rich life.
121 Ways to Become “Truly Rich” in Mindset & Wealth
- Take Action – You must do more than dream and think; you must act. Acting takes courage and the strategic ability to consider the consequences. Self-made millionaires are extremely action-oriented; they “walk” way more than they “talk.” Work overtime. Ask your supervisor at work how you can take on additional responsibility, and make sure that he/she is aware of your passions and goals. Always be willing to present yourself as the person who will do more and take on more work/responsibility.
- Adventure – Following your gut, taking risks, putting yourself “out there” should be viewed “big picture” as an adventure. You have to crave – and have the guts to embrace — your life’s “adventure.”
- Attitude – Recession; financial difficulties; businesses failures…this was the reality for many people over the past 6 years. But, winners didn’t allow that to rob them of their vision, of their will to succeed. Figure out how to keep a positive attitude; to keep trying new things to move forward. “I get knocked down, but I get up again. You’re never gonna keep me down.” Take the lesson from each knock down and believe that success is within reach. It is precisely your positive attitude that will keep your creative juices flowing and keep you aware of opportunity that others might miss.
- Authenticity – Remain true at all times to your most authentic self – listen to those inner voices, follow your instinct.
- Awareness – Keep your eyes and ears open every day, all the time. Opportunities and people who can help you quickly appear and then vanish. Stay aware to seize opportunities, to grow, to give.
- Money Orientation - How were you taught to use money? Are you a saver or a spender? Do you have an inherent respect for money? Are you on top of your finances to the nickel? Is your wallet neatly organized? Do you know how much money you have at all times? You should. Some people learned bad money habits from their parents who didn’t save or acquire wealth. Consider what you have learned about money throughout your life. If you desire a different life than previous generations in your family, you may have to do things differently.
- Belief – The most successful people believe without a doubt that they can achieve their dreams and that they are a part of something larger than themselves.
- Immense Boldness – While everyone can have some level of self-doubt at times, the wealthy face fears head-on with a resolve to conquer them. Boldness doesn’t mean you don’t have fear; rather it means you won’t let it prevent you from taking decisive action when an opportunity presents itself.
- Limit What You Borrow – Living on credit lines, credit cards and loans is obviously a wealth-killer.
- Brainpower – Smart, clever, insightful, and strategic…If you’re not, surround yourself with people who are.
- Cash – Pay for big ticket items like appliances and cars with cash. No cash, no stuff.
- Open to Change – If you accept that nothing ever stays the same, that change is inevitable, and you keep a focus on the future and what’s coming next, you will be able to respond quickly and effectively to changing circumstances.
- Character and Reputation – Don’t ever allow your desire for wealth and/or power to tempt you to take any low-character action that can damage your reputation. To be truly rich, you must have impeccable character if you wish to be truly fulfilled, purposeful, authentic and rewarded. Never lose sight of who you really want to be and how you really want to be regarded; this is your brand.
- Clarity – Be extremely clear-minded about what you want, where you’re going, and how you plan to get there. Write out a plan in great detail. Clarity is the first step toward great achievement
- Eliminate Clutter in All Aspects of Your Life –You need an un-cluttered, crystal clear vision of what you intend to achieve, and you must also have a clean, clear environment to support your efforts. Your home, office, car, etc. should not be chaotic. If they are, this is a distraction, a time-waster, and a mental energy drainer. Reorganize, reprioritize in a way that is conducive to your best thought and work mode. You will become clearer in your thinking and feel empowered to get more done.
- Commitment – Are you truly committed, long-term, to the goals you have set? Commitment helps deter the temptation and off-the rails beckoning of instant gratification.
- Excellent Communicators – Your written, spoken and negotiation skills should be impeccable if you are to sell your ideas to others and to create and inspire others to help you achieve your goals.
- Competitive – In the world of commerce and entrepreneurship, you must have a healthy competitiveness and desire to always be the best – even if it’s just being the best You that you can be.
- Rarely Complain – No one – no one – likes a whiner.
- Confidence – Life is hard enough without beating up ourselves. Confidence helps you to know who you are, respect yourself, make the right choices, live with integrity, be inspired, trust your instincts, and have the courage to pursue your purpose and greatness. The extent to which you experience self-worth and fulfillment in your life depends in part upon how much you believe in yourself. You have to be your own biggest fan – be bold in your dreams and pat yourself on the back when things go right.
- Connection – Don’t live a cloistered life. Even if you are not a gregarious extrovert, social media and email allow us to connect with others like never before. Connect. Form meaningful bonds. Serve others. Ask for help when you need it.
- Conscientiousness – including dependability, industriousness, and organization – seems to be a trait that is mightily lacking among many. Psychologists consider it to be a personality trait that exhibits stability in how you act, think, and feel. Conscientiousness and emotional stability have been closely linked by researchers to economic success. Individuals with these traits had higher lifetime earnings.
- Contentment – The truly rich are content with who they are and what they’ve accomplished. They spend – or give – money on the things that bring them joy. They don’t waste money trying to keep up with The Joneses. Ick.
- Courage – Courage is needed to pursue dreams, to take calculated risks. But, know that great rewards/huge payoffs typically accompany risk. Entrepreneurs know this.
- Crazy – By “crazy” I mean having the courage to dream and take the risks that the average person might shy away from. You simply won’t attain greatness if you don’t think outside the box and follow your own path. You are an original; tap into your unique, singular greatness and show it to the world. A little crazy in this regard can be a very good thing.
- Extraordinary Creativity and Innovation – Create, and be creative. Never cease looking for inspiration, innovations, opportunities, signs, new directions, and possibilities. Even challenges and problems should be looked at through a lens of opportunity and innovation. How can you get closer to your goals? How can you create more opportunities? Some people talk about “taking chances” but the real smart-craft is in making great choices. How can you save more money? Where do you need more inspiration? Where do you need more training? Where do you need advice and mentoring? How can you overcome obstacles? How can you make things happen? Keep searching. Keep looking. Get creative. Innovate to make things happen and create new opportunities for yourself. The truly innovative are observant and resourceful and never stop looking for new opportunities that can make them rich.
- Curiosity - Be curious. Ask questions. Read. Explore. Push boundaries. Ponder. Try. Stretch yourself. Keep an open mind. It goes hand and hand with creativity. How can you continually integrate new and exciting aspects of our world into your efforts to achieve your goals for both life and career? People who move through their lives like this earn, learn and know more. Curiosity and the ability to tangibly assimilate learning and insight into your life and circumstances in innovative ways are more impactful to your ultimate success than book smarts. Curiosity is crucial for learning, experimenting and improving yourself. Curious people are very often the most knowledgeable…and successful.
- Debt – Make eliminating personal debt a priority. There is no real financial freedom when you are in debt. Cash is king/queen. Relative to business debt, be very shrewd and consult your wisest advisors before taking it on to grow your business.
- Decisiveness – The ability to be decisive when needed – to swiftly make a decision, seize an opportunity and act on it — is a key trait of the truly rich and successful. Unnecessary stalling and “thinking” for overly long periods is not a trait of the truly successful.
- Define Rich for Yourself – It’s a subjective word that you must define for yourself. Envision the life you want. How are you measuring it? What is involved? Figure it out to the last detail.
- Determined – The truly rich knew what they wanted and were determined to get it. They weren’t waiting for luck or a white knight. They went over, around, or through all obstacles. What are you really pursuing, and how determined are you to get there?
- Develop Yourself – Never stop developing yourself – personally, professionally, financially, socially, managerially, whatever. Not only does it increase your value to others, it vastly improves your chances of achieving your goals.
- Be Willing To Be Different – Forget what everyone else is saying and doing – unless they are exactly where you want to be. Always follow your own drumbeat. If you want to be average or mediocre, do what everybody else is doing. To be truly rich and exceptional, judge yourself by your own standards of purposefulness and fulfillment.
- Discipline and Self-Control - Whether discussing work ethic, finances, or health, discipline is a trait of the truly rich and successful. Work hard, persevere, don’t slack off, save money, dot I’s and cross T’s. Dig deep; don’t merely skim the surface of your life. Apply yourself to reach your highest potential. Use self-control to avoid spending money on a whim.
- Avoid Distractions – Don’t run in circles chasing endless and senseless distractions. A sure way to short-circuit your success is to allow life’s inevitable interruptions to take you off task. Keep your focus squarely on that which moves you forward that day. Many successful people create a checklist of the days’ most pressing activities, and don’t end the day until they get through the list. Seek to create home and work environments that are conducive to productivity. Simplify and organize your life. Figure out what means a lot to you and say no to distraction as much as possible.
- Do What You Love – Spend time doing what you love to be truly rich. The goal is to not feel as though you are “working,” but to be purposeful and fulfilled, and then paid well for your time.
- Don’t Quit Your Day Job – If the goals you are pursuing are separate from your day job, keep that day job – it’s your safety net – until your passion pays off. This doesn’t mean that you are not committed to your dream; it is rather a prudent financial decision. Quit your day job only when your sales take off and the day job is preventing you from maximizing the potential of the next phase.
- Dream – Dream big, and hold on to your dream with all of your might. Don’t allow any negative self-talk from yourself or negative, pessimistic commentary from others to taint it or dissuade you.
- Drive – You have to possess the energy, the will, the motivation, the drive to keep yourself moving forward every single day.
- Education – Applying all of yourself to be a high-achiever in school and to get the best high school and college education possible is one of the most important things you can do to secure your future.
- Emotional Health and Low Emotion – Emotional health and balance are gifts to be thankful for every day. Imbalanced, overflowing emotions can get you in trouble. Control your emotions. Think logically.
- Entrepreneurial Spirit – Over 30% of the millionaires in the U.S. are entrepreneurs, which means they are likely disciplined, follow their passion, take calculated risks, and continually learn and improve in their niche. Many, if not most, started their businesses part-time. High risk = High reward. Less than 1% of millionaires achieved their wealth through “other” means. It is imperative that you start out with a strong advisory board since many businesses commonly fail in their first year.
- Excellence – You must have the training, discipline, and commitment to be the best at what you do. You can’t skim the surface of your life and tasks and be truly excellent.
- Experiment and Expand Your Horizons – Learn, stretch, grow. Proactively try new approaches and tactics every day. Always be open to meeting new people. You will never regret having a life rule that every day you try one new thing. It will keep you stimulated, creative, vibrant and engaged. Never stop experimenting.
- High Expectations – Consistently maintain the highest expectations for yourself and your life. You must have the belief and mindset that without a doubt you will achieve your goals –that your hard work will pay off. Have high expectations of the people who surround you, as well.
- Watch Small Expenses – Know how much money you have and don’t fritter it away. Watch the tiniest of expenditures. Remaining vigilant about every expense is how you save money and turn profits.
- Failure Connoisseurs – You must learn from left turns, failures and disappointment. Find the lesson in everything. Once you find and learn the lesson, you can adjust your path and move forward knowing that you won’t make the same mistake twice. Failure either defeats you or expands you. Your choice. Having to readjust and face failure, change and left turns is part and parcel of the process of trying to build a business and accumulate wealth. Don’t fear failure – use it to help you examine a situation and make you better. You will have unlimited opportunities to try and try again.
- Fidelity – You will have a richer life when you live with integrity and cherish the bonds you have with family. The truly rich have earned, and return, the respect of their spouses, children, family, friends, etc.
- Financial Literacy – Math matters for all of us – male and female – whether we are just managing our personal finances, doing our job, or running a business. You must have the cognitive skills to calculate and understand the implications. Balancing a checkbook, calculating interest rates, saving for retirement – work hard on developing solid, basic mathematical skills.
- Proactively Address Flaws and Be Self-Aware – Self-awareness is one of the most lacking traits in humans. Successful people are self-aware and constantly try to develop themselves and make changes and improvements to encourage optimal performance and increase their odds of success.
- Freedom – The truly rich have the privilege of being relatively free from financial worry and pressure. With this kind of financial freedom, your whole life is better, more creative, less stifled. The truly rich have life circumstances and professions that allow them to explore their passions and express themselves to the fullest extent. They do not feel “trapped” in a dead-end job. We feel free when we live authentically, find our life’s purpose, and work/serve in a way that expresses the best of ourselves.
- Get a Job – Educate yourself on which careers align with your innate gifts…and also pay well.
- Give – The more value you give, the more value you will receive. Try to create win-win circumstances for people around you in order for people to want to work with you. Share your goodness. Give to others more than they expect and more than they give to you. Don’t use people. Don’t try to fool people. Serve. Support. Contribute.
- Goal Orientation - Clearly define lofty and meaningful, yet achievable goals that align with your life’s purpose. Know precisely where you want to go. Know what you want, then figure out a plan to get you there. The process of defining your goals makes you more internally driven and helps you to persevere. Your actions should thoughtfully, consistently move you forward every day toward your goals. Set small goals within your broader objective so that you are consistently achieving and remaining motivated. Don’t know what your goals should be? For now, think about who you want to be, where you want to go, what you want. Your goals may change and evolve – that’s fine; that’s life. Just don’t allow yourself to be without goals. The earlier your goal-orientation in life, the better.
- Gratitude - Even in tough times – especially in tough times – take time every day to give thanks and feel positivity and optimism for all that is right in your life. The energy of gratitude is pure and powerful, and will work in so many ways to bring more goodness into your life. Gratitude affects your choices and actions and keeps you in a more positive mindset.
- Good Health – Good health must be the baseline for the creation of your richest life. When you wake in the morning, you should feel energized, motivated, and optimistic. Exercise, eat healthfully, get enough sleep, and avoid addictions to anything unhealthy. The better you feel, the harder and longer you can work toward your goals.
- Honesty and Integrity – To have a rich life, you must be honest, ethical and principled.
- Humor – A sense of humor will help you every day in every way.
- Have an Identity – And a direction. Know who you really are, what you stand for, what your purpose is, and where your life is going. You have a unique identity – leverage your special gifts for all you can. Remain true to your best, most authentic self. Never allow others to define you for you.
- Informed – Read a news feed, stay informed on a regular/daily basis. Don’t be one of those buffoons on Jay Leno who don’t know the basic facts of our world. There’s nothing cute or cool about that, and it will never lead you to a truly rich life. You can’t have a leg up on anyone if you are uninformed. And you sure won’t have any credibility.
- Instincts and Intuition – Listen to your instincts and intuition. Follow your gut and hunch. Live a life in which you filter out the needless, distracting static so that you have the awareness to see opportunity when it appears. No one can do this for you – and this is how you will create your best life.
- Well-Intentioned – Move through life with good intentions surrounded by good people. Don’t be short-sighted and focus merely on selfish gain; it will come back to bite you every time.
- Invest in Yourself - Read. Gain knowledge. Acquire wisdom. Become educated. Listen. Learn. Develop yourself into becoming the person you have always envisioned yourself to be.
- Investments – Part of smart saving is investing. You want your money to work for you by putting it into investments that will increase in value over time, and that, ideally, will earn you supplementary income.
- Leadership – In the world of work, you must be a competent, strong, and inspiring leader to become successful.
- Learning – Self-educate. Continually learn. Work hard at being smart. Your brain and mind are truly your greatest assets because they shape your destiny. “Formal education will make you a living; self-education will make you a fortune.” – Jim Rohn
- Leverage – The successful know their limitations and will utilize and leverage the strengths of others, where possible, to achieve goals. You can’t do everything yourself – know when to ask for (or hire) help.
- Lifestyle – Don’t waste money and effort living a lifestyle that you cannot yet afford. People only do this when they are trying to impress others. You should always live a bit below your means. The truly rich know that accumulating stuff is not the priority; they don’t just spend money because they can. The truly rich save money, re-invest it, use it wisely, and make charitable donations. They invest wealth in order to secure more wealth. They are not consumed with image. Rather they spend on things that increase their – and others – happiness
- Have a Life, a Real, Fulfilling Life – Don’t be all about your bank account. Don’t postpone attempting to live your best, most authentic life until you have money. Do what you love NOW. As you become your best self, as you live your best life, you will do and achieve more. This is how you develop a rich mindset that will lead you to wealth.
- Listen – Stop talking and start listening. You don’t know it all.
- Love of Money – Wealth is more likely to come to you if you want it and if you respect money. If you are willing to take calculated risks, make sacrifices, put forth hard work and supreme effort to make money, you likely will be successful.
- Luck and Opportunism – A lot of people believe in luck. Some people define luck as merely preparation meeting the moment of opportunity. If you are in the right place at the right time, that is luck. Be ready, aware and nimble enough to seize the opportunity/luck when it reveals itself.
- Mentors and Network – Entrepreneurs often have a strong network of advisors whom they meet/speak with several times a month. Create relationships with top professionals in your field. Surround yourself with the smartest and most effective people possible. This is essential. Networking and developing relationships with a diverse group of people should always be a priority. Develop solid relationships so you can call on people when needed. Respect people – return their calls and emails. Your network includes friends, classmates, teachers, colleagues, subordinates, superiors, vendors, customers, teammates, virtual friends, clubs, etc. Who you know, and the quality of these relationships, matters.
- Motivation – Water seeks its own level. Align yourself with people who inspire and motivate you. People who can keep your spirits up and your eye on the prize.
- Take Nothing for Granted – Anything can change at any time – you can lose your job, lose your best customer, the stock market can crash, a natural disaster can take your home in an instant, your health can change, etc. Change is the only constant. Be nimble and have a contingency plan.
- Objectivity – Falling in love with an idea or approach, instead of following the value it provides, has killed many a business.
- Openness and Receptivity – Stay open, stay relevant. Be receptive to advice and guidance.
- Optimism – Many well-known money experts believe that optimism attracts wealth by positively affecting your mental, physical, emotional, spiritual, and psychological health. Your best life will always be an optimistic life because whether you expect to succeed or expect to fail, you will be right.
- Be Organized – Pay bills on time. Know how much money you have, and where it’s going. Organize your office and desk to get more done in less time. Know where everything is. Plan. Meet deadlines. You have to know where you are going in order to get there.
- Passion – Successful people are passionate about what they do. Their passion provides life fuel - courage, motivation, excellence, and persistence. Passion is the fuel in your engine. If you don’t have a driving force inside you, you haven’t found your passion. Living your passion brings fulfillment and contentment. If you want to live a rich life of the deepest joy – deep-soul joy – you have to first create a life around your passions. Enough riches to help your heart sing every day can then follow.
- Passive Income Sources – Always be on the look-out for ways that you can build income streams that come from passive sources. You want to eventually be able to make money without a physical presence. Have your ideas work for you.
- Patience – Patience can help you in a multitude of ways. It can prevent you from making impulse purchases on credit. It allows you to sleep on it to determine what you really want and need. It enables you to take the time to shop around for a better price. It allows you to make more rational decisions. It also enables you to continue working toward a goal without giving up. When you feel money burning a hole in your pocket, force yourself to wait a month before spending. Consider the pro’s and con’s. Often an immediate desire looks less compelling once you pause and consider it. Delaying gratification when it comes to large purchases is often the smart thing to do.
- Perspective – You have to be able to maintain your wits, balance, humor and perspective, even in times of crisis. The successful rise to the occasion in tough times – they ask the right questions and are decisive.
- Persistence – Quitters never prosper. Don’t give up, and never quit. Persistence and tenacity reduces your chances of failure. There will always be left-turns, detours, and obstacles. You can’t allow defeat to beat you. Remove stumbling blocks from your path. Success doesn’t happen overnight. Experiment until you find something that works. Achieving success requires on-going effort. Really internalize in your mind and heart that it is normal –and required – to give all of yourself over a long period of time to really make it big.
- Preparation – You can avoid losing money, time, and energy by preparing properly before undertaking anything. Preparation can go a long way toward ensuring your success.
- Present Moment – Seize the moment. Don’t put things off when you should take action. Live in the here and now; it’s the only moment that can be controlled. Enjoy your life – don’t allow it to pass you by.
- Prioritize – Before spending money on a swanky lifestyle, prioritize and budget your money to take care of necessities. Buy insurance, save, and invest. Be financially disciplined. Meet your longer term needs before you spend money on wants. Don’t be a slave to wasteful priorities that prevent you from accumulating wealth. Allow your priorities to bring order and focus to your life.
- Proactive, Not Reactive - Take preventative care of your life – health, financials, career, etc. What liabilities exist in your life? Avoid problems of any sort wherever possible.
- Protect Your Money – Have adequate liability insurance, and consult experts on how to protect your assets.
- Reflection – Look at your life and reflect on your choices and outcomes. Learn from mistakes and grow from them. Think about your strengths and weaknesses. Don’t dwell in the past or the future – but reflect thoughtfully on the past, present, future on a weekly, if not daily, basis. What has gone well in your life? What has gone wrong? What mistakes should you avoid?
- Reinvest Your Profits - Reinvest the profits you make from investments.
- Relationships and Human Connection – You need people in your inner circle to love and care for, and who love and care for you. Socialize with friends at least once a week. So much can be learned about who we are and what we want from the emotional exchange in your relationships. Our lives are empty and boring without someone to share them with.
- Resilient – Thick skin will serve you well in every aspect of your life. Be strong. When you get knocked down, get up again.
- Take Responsibility and Be Self-Reliant – Don’t blame, complain, or shirk responsibility. Intrinsically take initiative for your life and accept responsibility for your actions. The truly rich understand that they have a great responsibility for the people in their lives. Whether things go well, or go wrong, you must take responsibility. You must be a person of integrity to be the best of yourself.
- Results Orientation - Be specific about the results you want.
- Take Calculated Risks – You have to be willing to take calculated risks with your financial investments, your career, your business, your life from time to time. Weigh all of your options and taking calculated risks when appropriate. If you are fearful and avoid risk altogether, you’ll likely end up living too safe a life to achieve greatness. To be truly rich, you will likely need to make moves that others don’t have the courage to make. It can be helpful to ask yourself, “and then what?” in order to begin to consider possible consequences. Consider taking a risk when you see strong potential for a return. The truly rich tend to be risk takers by nature. You will miss 100% of the shots you don’t take.
- Sacrifice – Any sacrifices you make shouldn’t adversely affect your relationships, family, well-being, or pursuit of your goals and dreams. The truly rich do not create this kind of unhappiness in their lives just to have money in the bank.
- Financial Cautiousness and Safety - Stay as debt free as possible.
- Salesmanship – The ability to sell yourself and your ideas is important if you want people to recognize your talents. However, the ability to sell is sorely lacking in a lot of people who have great ideas that never get off the ground.
- Satisfaction - Know yourself well enough to know what will really bring satisfaction to your life. The accumulation of “stuff” that you’ve always wanted really won’t feed your soul and bring lasting fulfillment. Going into debt for stuff is always a bad idea. When you know who you are and what you want, you are much less likely to be a sucker for non-essential stuff. Over spending on “stuff” happens when you are generally dissatisfied with yourself and your life.
- Saving and Security – The truly rich are more committed to saving money than the general public. Pay yourself first which means before you go blow money on little extravagances; put a set amount of money from each paycheck into the bank. This requires discipline. Accumulating wealth is a slow and steady commitment. With every dollar you save, you bring yourself closer to freedom – freedom to start a business, freedom to stay home with your kids, freedom to retire early, freedom to take vacations, freedom to cut back at work to raise your children, etc. Those who have had a long-term commitment to saving money also have far more security when the unexpected happens – job loss, illness, recession.
- Service – Think about how you can give back and be of service to others in your community. Using your innate skills and talents to serve others is one of the most impactful ways to live a truly rich life. Volunteering in your community can also assist you in making life-long connections.
- Define Success for Yourself – What does success mean to you? What does it look like? What does it feel like? Measure your life success with meaningful benchmarks, such as how many of the people you care about actually care about you in return.
- Be Money Smart – Learn about money – budgeting, debt, credit, interest rates. In your spare time, read everything there is to read about investing and business. Spend time talking to and networking with people who know a lot about what you want to know about – business, investing, leadership, etc.
- Self-Improvement – The truly rich are always seeking feedback, self-improvement and self-development.
- Spell Out The Terms Before You Start A Job – Before you start a job or ink a deal, nail down all the specifics in advance — even with friends and relatives.
- Spend Wisely - Spend your money on things that really matter and hold significance to you - experiences, travel, family, friends, education/learning opportunities – rather than more “stuff.” Your spending habits will make or break you.
- Spiritual Awakening – An intrinsic belief that you were put on Earth to serve a purpose, and a faith that everything that occurs in your life is happening for a reason – a lesson you need to learn – in order to take your life to higher and higher levels, makes your life’s journey richer and more meaningful. For some, joining a church and regularly attending/participating can be powerfully spirit-lifting, as well as a strong networking approach.
- Start Now - Don’t put off saving or beginning to do any of the things outlined in this article. Start now. The power of compound interest cannot be overstated.
- Stocks – Instead of wasting money on “stuff” and products, consider buying the company’s stock instead…if you really want to acquire wealth. What’s going to make you wealthy – owning iphones, ipads, macs, etc? Or, owning Apple stock? No-brainer.
- Study and Emulate the Successful and Truly Rich – Identify the traits you admire in your heroes and role models. Also identify the traits you dislike. Write them all down into lists. Do everything in your power to develop the traits you like and reject the ones you don’t.
- Tax Savvy – The truly rich have a string understanding of how to pay less taxes, without bending any rules. Think minimization, not avoidance. You must be efficient at dealing with taxes. Hiring a CPA to do your taxes is a good place to start. Don’t be afraid to pay your fair share of taxes, but never pay more than you have to.
- Team Players – The truly rich understand how to get the best from others and are true team players.
- Thinking Big – Think outside the box. Set objectives and goals for that seem insurmountable and then get to work. The truly rich march to the beat of their own drum. Don’t be afraid to do things your own way. Be brilliant and unique.
- Time Management – Time is money. Time is your greatest asset. And you can’t buy time, so manage it closely. It is fleeting. Prioritize those things that will move you forward and help you succeed.
- Trends – The truly rich and successful observe trends to anticipate the future. Stay aware and present to observe nuances that will lead to future change.
- Values – What are your core values? Your goals and actions must be aligned with a baseline of strong core values.
- Vision – Focus your ambition by developing a clear vision of your life and future. Based on this vision, set your goals. Visualize what you want to accomplish. What specific results do you hope to achieve? A strong vision can help you to recognize and seize opportunities when they present themselves.
- Walk Away – Sometimes you just need to admit that something isn’t going to work and you need to know when to walk away and cut your losses. Listen to your advisors. Walk away from a loss, rather than continue to dump money into a losing venture to keep it afloat.
- Work Hard – Get up early, go to bed late. Work hard and smart. Be efficient. Give all of yourself when you’re working—your brainpower, creativity, commitment, passion, diligence, results-orientation.
- Don’t Worry – Where you are going matters more than where you are today. If you work hard toward your goals and vision, and save as much money as you can, you will eventually find yourself in a place of greater freedom and fulfillment. With diligence and responsibility, financial prosperity is there for the taking.
You may not possess all of the above traits today, but being aware of these important actions and characteristics can help you make changes so that you nurture the ones that you have, and work on developing the others. What you want is a “truly rich” life – to reach your final days being able to say, I really had a fulfilling, secure life with lots of love, laughter, family and friends. I had the freedom to follow my dreams, and I achieved my main goals. I was healthy and happy, and I loved and respected myself. My children are healthy, purposeful, and joy-filled individuals. I made a lasting contribution, and leave behind a significant legacy that will live on long after I am gone.
While we will all prioritize these things in our own ways, these are the baseline tenets of a truly rich life. Money can’t buy happiness, but fulfillment, well-being, joy, and financial security provide you with the soaring spirit and freedom to experience more of life.
“What material success does is provide you with the ability to concentrate on other things that really matter. And that is being able to make a difference, not only in your own life, but in other people’s lives.” ~Oprah
Kristi LeBlanc is the Executive Vice President and Managing Director, North American Consumer Practice, with DHR International, a top-5, retained, global executive search firm. She has spent 16 years as a retained executive recruiter with the globe’s largest, most prestigious executive search firms, including DHR Int’l and Korn/Ferry Int’l where she was a Senior Partner. Kristi is also the author of the award-winning, “Living with Certainty: Experience Deep-Soul Joy,” and writes for the popular Living with Certainty lifestyle blog site. To learn more visit http://www.Livingwithcertainty.com