[SERIES] 1/7 Unpopular Belief: You Should Get Rich
I light of the new year, let's do something new.
This week, let's do a 7 part series of posts.
This series will be on 7 Unpopular But Powerful Beliefs.Some of these I've stolen from others. Some of these I've developed myself.This post is about getting rich.
You should get rich!
And use those resources to help people.The truth is that you can't help anyone if you're broke.Just to be clear, being rich means that you have abundant resources. Specifically, I'm talking about money or a money-generating asset.
Getting rich means owning as little "stuff" as possible.
I think you know what I mean by "stuff." I mean depreciating assets. Things that take up space and get less valuable over time.Owning rental properties or stocks that yield dividends are good examples of things that put money in your pocket, making them worthwhile to maintain or invest in.
Getting rich means being expensive.
Money is a great, non-biased way to measure value. If you're expensive, you're doing something that the market is deeming as valuable! We'll talk more about this one in the next post.
Getting rich means you can be generous.
When it comes down to it, money is a lot like oxygen. Without it, it's difficult to survive--as a person or a business. I'm not talking about what's right or wrong or what should or shouldn't be. I'm just talking about the way it is.If you can provide oxygen to people who need it, you can change lives and improve the planet.
2 Minute Action
Take 2 minutes to do one of the following:
- Lookup a high-dividend index fund and make your first deposit.
- Call a friend in real estate and ask them what it would take to get into the rental market
- Look around 1 room in your house and pick 3 things that are taking up space without adding any value to your life. Donate them.
- Raise your consulting fee, rent, subscription rate, or whatever it is you do for money.
How The Heck Doing Less Can Possibly Be More
My shoes were falling apart.I had holes in the sides, but I didn’t care. They worked.They were comfortable and I could use them for a lot of different activities.I kept them for over 2 years.Why?
Things should add value to your life.
This means replacing them when they are no longer useful or serve their initial purpose.Más soon as the things in your stop adding value (you stop using them or you forget about them in a closet for 6 months) you should throw them away, recycle, or donate them.This is a pretty effective way to turn that thing into something that is useful again.
“Love people, use things—because the opposite never works.” - The Minimalists
This is true in life as it is in work.The same is true in physical possessions as it is for daily tasks
2 Minute Action:
Take 2 minutes to run a quick audit on how your day will go. What will you be doing for each hour of the day?If each thing on your list had to fight for it’s life to stay in your day, would it make it?What percentage of your day are you spending on actions (or inactions) that aren’t adding value?How might you reallocate that time if you knew you only had another year left to live?The good news is that you probably have more than a year.The bad news is that the clock is still ticking.