What Does 'Being Rich' Really Mean?

Updated: Apr 29

Being rich is more of a state of mind than a pound or dollar amount.


Truthfully, the rich can be poor and the poor can be rich... It’s a state of mind...

My beloved Fuerteventura

Friend asked me once 'Dom, why chasing the riches, money money money'… My answer ’It’s not the money that I chase, it’s the time. I use money to buy time, to buy options… Time it’s the most important and precious asset anyone can have'.


Moreover, being rich is really about having it all? It would be ideal to have a combination of hard cash, big house, love…


However, to achieve this kind of wealth, along with financial freedom, personal peace and happiness; you must get committed to it.


You must also be able to enjoy your wealth. Some people put in a hundred hours per week with work but completely neglect their families in the process. Others focus on their family so much that they never really get busy at work because of their obligations. Sense of balance comes in play. HA, if there's such thing...


If you're looking to have it all in life, here are the five ways you can become rich:

  • Adopt the Producer Mentality

You must make a major shift from being a consumer to producer. Here are some examples: consumers eat pizza, producers make pizza; consumers watch movies, producers make movies; consumers search for jobs, producers provide jobs. Every millionaire is a producer. Only producers get rich. The main goal of a producer is not to eat, but to feed people. Obviously, producers must consume at some point, but it isn't their primary goal. Instead of seeking their next meal, they're more interested in providing the next meal for someone else, knowing that they will have the chance to eat in the process. If you study millionaires closely, you'll find that nearly all them provide a valuable product or service to millions of people. When you adopt a producer mentality, you will become wealthy, too.

  • Know Your Daily Rate

How much are you worth per day? Have you calculated your daily worth? 100? 500? 1,000? There are approximately 250 working days in a year. Do you know what it would take to be a millionaire? If you earned 4,000 per day, you would reach the million-dollar mark each year. If you're earning 100 per day, you should try to double it. Just imagine, if you did twice as much, you would earn twice as much! For instance, when I first started my business, I was worth about 140 per day. Since I didn't want to stay at that number, I sought better ways to improve myself for my clients, which gave me a tremendous boost of income. What are you doing to improve your daily rate? If you're searching for a new job, send out twice as many resumes. If you're making 10 sales calls per day, double your number of calls to 20. If you're babysitting one child, find a way to multiply your results by opening up a daycare for 20 kids. Of course, it would be best to maintain or increase your quality of work as you pursue these endeavours.


"Success is getting what you want. Happiness is wanting what you get."

- Dale Carnegie

  • Sacrifice Everything

The great majority of people are afraid to make sacrifices because they think they'll lose something. Before you become rich, you must become poor. Besides lottery winners and heirs who receive hefty inheritances, you must be willing to pay the price and sacrifice everything. You must be able to handle the worst if you want to expect the best. There will be many times where you'll have to delay gratification to focus on a bigger goal, which is always worth it in the end. To approach a risk more judiciously, ask yourself two questions: "What's the worst thing that can happen if I take this risk?" Then ask yourself, "What's the best thing that can happen?" Usually, you'll find that the only reason that you wouldn't take a major risk is because money is involved. However, you should be able to sacrifice everything to become immensely rich, even if it's your last coin.

  • Only Do Wealthy Activities

The number one wealth killer is when a person of promise hangs out in places of poverty. Many times, people put themselves in poor places, which surrounds them with poor people. Get away from poor places if you want to avoid poor people. Dwelling along with poor in poor places will never make you rich. Poor means not only lack of money but brains too… You become a product of environment, which deeply affects your general performance in life. Many people tolerate negative conditions like this. They don't realize how much the subtle influence of gossip, violence, and drama impacts them. Moreover, if you're not on prosperity, you’re in poverty.

  • Use Your Gifts

Everyone is naturally gifted, that’s a undeniable fact. Some people have many gifts, while others only have one. Nonetheless, you must realize your gifts and use them. Many times, people will downplay their gifts and even allow others to do it. However, you should cultivate your gifts and surround yourself with people who support it. Finding your talents, skills, gifts, and abilities may not always be apparent. Since schools, workplaces, and religious institutions not necessarily encourage people to use their gifts, many end up forfeiting them because of the financial and social pressures in their environment. These pressures reduce the human soul to settle for "fitting in" rather than "standing out." The more you use you gifts, the happier and wealthier you'll be.


Money is being printed constantly for you right now. Make sure you take hold of yours today. Money is the tool that allows you to become more of who you are. Stop 'surviving' and start 'thriving’. There are many virtues in being rich. But that’s for another time perhaps…


So no, sometimes being rich makes you bellend... but that depends on your attitude and asking yourself what being rich means to you.


Cheers,

Dom

Dominik Stone

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