A lot of people strive to become rich and wealthy. They want to live in the lap of luxury and be elevated in society’s social status. There are so many paths that people can take to attain this goal. From career industry to job positions, an even luck (ex. winning the lottery), anybody can become rich in any niche – you just need to figure out how.
Why do people want to become rich? Simple. Everybody wants the latest and greatest products, the biggest house and yard, the nicest location, the best vacations, etc. All of these things are possible just by having a lot of money. Let’s run through a few perks of living the luxurious life:
- Being able to afford the best health care and service
- Beautiful house, yard, pool, amenities, appliances, landscape, etc.
- Ability to vacation to some of the most gorgeous and remote areas (ex. the Caribbean, unknown islands, expensive skiing vacations)
- Driving the most high-end cars (ex. BMW, Mercedes-Benz, Aston Martin, Lamborghini, Lexus)
- What’s better than DRIVING nice cars? Being driven IN nice cars. With a limo service or car service you elevate your status by more.
- Boats, jetskis, and water mobiles
- Beach Houses/Lake Houses
- Sports Season Tickets
These are just some example of perks of being wealthy. The real perks come in the form of security though. Being wealthy means you do not have to worry about payments, struggles, and deadlines. It means that you know you’ll be able to take care of whatever costs or penalties that may come your way without dooming yourself.
Young wealthy individuals tend to be more focused on the flashy part of being rich. They want the fancy cars, expensive accessories, and big vacations. They want to show their wealth and success and have fun spending their money. I don’t blame them. if you’ve earned your keep, then you may as well spend it in the way you want. However, they have to be smart with investments and make ensure there’s always more money left over than being spent.
Older wealthy people are more likely to have families and other responsibilities to take care of. They’re more focused on portfolio’s and retirement funds, as well as insurance and family funds. As you get older you definitely have more responsibilities and more to take care of, so it is smart to always have your mind an money focused on security.
Overall, the best balance i stop have fun while maintaining a stable account. You want to be able to spend money when needed without having to always spend money. This allows you to go to sleep each night knowing that you are security financially and can have some fun at anytime, any where, without digging a hole for yourself.
As a hopeful billionaire (who isn’t), I am already planning what cars I want, where I want to live, and what kind of things I want in life. However, the smart thing to do is to figure out how to keep growing my wealth securely and guaranteed. Multiple streams of income an multiple fallbacks just in case would provide with the best security and soundness. Until then, let’s work tirelessly on getting to that point!