It’s an interesting question. Feeling rich has a different meaning to each person of course. Personally I feel as though it’s mostly about being free to live the lifestyle that I wish, to avoid feeling stress or anxiety about losing my job or having an unexpected expense. At some point in time, I would love to be able to live off of passive income which I consider to be the ultimate sign of being rich. I do however know that every person answering that question would probably have a different answer, especially as you start to get into details (what kind of lifestyle, vacations, car, etc).
Do You Feel Rich?
Chances are that you answer this question with an unequivocal “NO”. Don’t feel bad. Almost everyone does. The more interesting question is the follow up:
“How much would you need to own/make in order to feel rich?“
Why? Because it seems as though
-those making 20-30K/year will often answer this question by saying that they’d feel rich if they made 50K/year
-those making 50-60K/year will often answer this question by saying that they’d feel rich if they made 100K/year
-those making 100K/year will often answer this question by saying that they’d feel rich if they made 200K/year
-etc… you get the idea
Sometimes, it feels as though we are each climbing the same mountain and we always feel like we’re near the top. Once we get there, we’ll feel happy, free to do whatever we want, etc. We’ll feel like we’ve accomplished a great feat, like we can enjoy things a bit before taking on a new challenge.
Chances Are That You Are Making More Money Than 5 Years Ago
Perhaps, it is significantly more. Try to put yourself back in your shoes from 5 years ago. If someone had told that you could potentially make $X, would you have said that it would be enough to live off, to feel rich, etc? Personally, there is no doubt that I would have said so. Yet here I am, making more money than those objectives but still not feeling “rich”.
It’s As If There Is No Top To This Mountain
Every time we reach a new level, we suddenly realize that there is a higher level that we can reach and that we would surely feel rich if we got to that level. Unfortunately, every new level reached makes us see the next one…
If today you decided to wake up and instead of looking at how much more you could/should be making, you looked at all of those that are climbing, trying to reach the place where you are, wouldn’t that make you feel rich in some way? It’s so easy to get caught up in trying to make more in order to sustain a lifestyle that might be much more than what we truly need.
Maybe I’m a bit reflective today, travel/vacations can do that to you:)