Almost everyone who hasn’t yet experienced monetary wealth has a dream of the “big house” and “nice car” … among other possessions.
The allure of having that Malibu Beach House and multiple cars in the driveway drives the wealth acquiring minds of most Americans.
Don’t get me wrong…
Once you have created assets that provide the type of wealth dreamed about by the average person, it would be normal to want the “good life.” Our marketing and advertising proudly displays it, the fast cars, the fame, the house(s) and of course the social gatherings.
It’s pleasurable to walk through majestic doors, walk on marble floors, and travel through 8 bedrooms. Until you realize later on that you’ll never use half of your house for much.
If you leave yourself in “material-possession gathering mode” you’re bound to find a common problem amongst the wealthy few who acquire the belongings of the 1%.
Then, you start asking the emotionally draining questions like…
Most people, on their way up the “wealth ladder,” forget one crucial detail in their plans to dominate the world and make tons of money…
They forget that money isn’t the only component of a truly wealthy lifestyle. And, acquisition of material things isn’t either.
I’ve covered the one true secret of wealth before, in a different post, and you can read that post if you would like to explore a little deeper (it’s more about experience). In this post, I would like to explore how to avoid feeling empty, or what I call “mentally poor,” when you do finally cross the threshold into monetary wealth.
Let’s get right to it…
Once you start acquiring monetary wealth, which is quite possible if you follow our training, your bank account starts to build.
Bankruptcy is far from something you’ll have to worry about again. But if you don’t start taking a number of precautions, emotional bankruptcy can be an even worse scenario.
I don’t care who you are, once you begin to acquire money, the feeling of power that starts to take hold can change you. Sometimes, this feeling can be harder to deal with emotionally than you think, and affect your personal relationships.
So please, keep that in mind as you continue to build your monetary empire.
The act of “acquiring more and more stuff” just because you can afford it can leave you feeling emotionally empty inside. It’s a very common mistake among the newly minted rich.
Instead, think about the experiences of being rich like walking on a new beach and enriching your personal relationships. Life is short, so it’s worthwhile to experience it to the fullest. “Stuff” does not improve your emotional bank account, enjoying it does.
This might sound like I’m re-hashing part of #2. I’m not. Once you begin acquiring money, it not only can change you, but the people around you. Those less fortunate than you will sometimes want “their piece” of your newly obtained monetary fame.
Watch out. Your true friends will stick with you no matter how much is in your bank account. That and it’s the money you have and keep that matters, and not how much you can spend on your new “friends” in one sitting.
Keep each of these 3 things in mind as you increase your financial and mental wealth.
But obviously, having the proper guidance and advice when it comes to protecting and growing your true wealth (both mental and monetary) is a large and complex topic for just one article.
This article only represents a small sliver of the immense volume of tactics, strategies, and business asset-securing knowledge we offer to our Members.