What exactly is “rich?”<\/p>\n
I am reading a very interesting book right now: How to Get Rich<\/a>, by Felix Dennis, who created the magazine “Maxim” and many other successful publications.<\/p>\n He is worth hundreds of millions of dollars and decided to write a book about it.\u00a0 I randomly found this book on Amazon<\/a> and I was intrigued by the title.\u00a0 I have been pleasantly surprised by many interesting tidbits in the book that you don’t find in the average “get rich” book.<\/p>\n The first thing that popped out at me was Mr. Dennis’ definition of rich.\u00a0 He defines “lesser rich” as having a net worth of 30 million to 80 million dollars. Yeah, the “lesser rich” have a little more money than I thought of what “rich” was as well.\u00a0 He based his calculation on someone being able to do whatever they wanted for the rest of their lives without having to work.\u00a0 That is assuming you don’t have grand aspirations of taking over the world or anything line that.<\/p>\n My definition of rich keeps changing every year.<\/p>\n It seems as though the higher up the totem pole you make it, the farther up you need to go to “make it “. \u00a0I used to think $100,000 was rich, then $300,000 then 1 million, now I and starting to think 30 million may be closer to the mark if you really want to be able to do whatever you want without having to worry about money.<\/p>\n Things are expensive, taxes are expensive, families are expensive, running a business is expensive.\u00a0 It seems as though the more money you make, the more expenses you have.\u00a0 Am I complaining?\u00a0\u00a0 No!\u00a0 I love where I am and the things I have accomplished, but my definition of rich has definitely increased the more I do and experience.<\/p>\n This book touches on many sensitive subjects.<\/p>\n One of those subjects is… “can you handle being rich?”<\/p>\n Most of us think it will be easy to have all the money you need, but the more money your have, the more complicated things get.\u00a0 More bills, more employees, responsibility for other’s lives, more taxes, more liability and more pressure from others.<\/p>\n The book explains that you will have conflict with more money.\u00a0 People will be jealous, good friends will be jealous, family will be jealous.\u00a0 I love a quote from the book:<\/p>\n “Most people will tell you it is impossible and foolish to want be rich, while a small part of them are secretly hoping you fail.\u00a0\u00a0 The truth is most people don’t have the drive or guts to try to strike it rich.\u00a0 They would rather be “comfortable”.<\/p><\/blockquote>\n Many people won’t take the risks necessary to be rich and they don’t want to see others accomplish what they were afraid to try. \u00a0If you want to be rich, you have to take the heat from those that don’t want you to be rich.<\/p>\nHow Much Money Do You Need to be “Rich’?<\/h2>\n
My Idea of What Rich Is<\/h2>\n
With Money Comes Responsibility<\/h2>\n