I want to share a few quick tips with you about becoming rich. When you hear the word “rich” I bet the first thing you think is material wealth? Who wouldn’t love a mansion, Lamborghini, or yacht? Well, you certainly wouldn’t be alone – but, what if I told you that there are things which money CAN’T buy… but which provide far, far greater contentment?
Yes, it’s true.
In this short post, I’m going to share five things which are BETTER than being financially rich.
Today, financial wealth is almost an obsession – and the belief that material possessions somehow lead to a greater fulfillment in life are false. Money comes and goes… but these five simple things are far more fulfilling (and require no financial investment whatsoever!)
- Passion – it is far, far greater to be passionate about something – a career, a life we love waking up to, or a cause… than a high paying job that you hate because you feel miserable, helpless and lost. Eventually this hatred will cause stress, and will have negative consequences on your health. Take it from me – I’ve “been there, done that” – and having a hunger… a fanatical (and almost obsessive) focus on something that you are passionate about is far more satisfying and healthy.
- Honesty – My motto is: “no regrets and no compromises.” At the end of the day you must live with yourself. Being honest, and having a strong sense of integrity is something which can’t be bought. People recognize this character trait more so than anything else.
- Generosity – have you ever noticed that the happiest people you know are also the one who generally bring the most happiness to others? I remember reading about a study where participants were asked to spend $5 on themselves or $5 on someone else. Can you guess which group was measurably happier? Those who spent money on others! When you are generous, there is an actual physiological response. You get a boost of feel-good endorphins – as well as a huge flood of oxytocin. This hormone (which is also released during sex) lowers your stress and makes you feel more connected to others.
- Compassion – a whole book can be written about the benefits of compassion. Compassion literally means “to suffer together” and is a natural instinct within each and every one of us… however, I believe that it is stifled when we lack mindfulness and are not present in the moment. Compassion is not the same as altruism or showing empathy – although both concepts are related. When we feel compassion towards others, our heart rates slow down, our brains emit oxytocin, and regions of the brain linked to empathy, caregiving, and feelings of pleasure light up like a Christmas tree. Being compassionate towards other is a major key to living a rich life.
- Experiences – while the thrill of buying fancy toys quickly fades, the memories and joy of experiences can last a lifetime. Whether it’s an epic adventure or a minute encounter – live in the moment and cherish each second.
“Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants.” – Benjamin Franklin