Money Makes Your Life Easy

Many people wish to be rich. They do not want to worry about paying their bills. They want to go on fancy vacation trips. They like to own the latest flat screen TV and stereo set. And of course they want a nice car. These are nice goals, but they do not necessarily make your life easier. Imagine you would suddenly become rich and could go to buy all those things mentioned above. At first it would be really exciting, but at a certain point a certain emptiness would settle in. The excitement is gone. There are no challenges any more. Life has gone empty and boring. So, unless you would find something really challenging and interesting that you could do with your money, life would not really become easier.

It is statistically proven that most people would lose their financial fortune within 10 years if they would win the lottery jackpot tomorrow. That 5 million jackpot sounds appealing. You quit your 9-5 job the next day. Suddenly you can buy that sexy Porsche sports car. And how about that Lexus for the wife?! And of course you need a bigger house and more clothes (more expensive clothes that is). Suddenly you go out more often for dinner and you have a lot of parties at your new and so on. And before you know it, your fortune is cut in half (or worse). Well, you still have 2.5 Million, right?!

2.5 Million Dollars is a big chunk of cash. You can buy a lot of things from that money, but wait ... we’ve already been there. Now panic sets in. How can you live comfortably from this money until the sun sets? Let’s do the math. If you can earn an average of 4% interest per year on your money until the end of days, you would get $100,000 Dollars per year. Awesome, your old job only brought you $75K per year – you’re far ahead of that. Or maybe not. For one you have to think about health insurance as an example. Without a group plan you face higher monthly deductibles and higher co-payments. You also have much more free time and those empty days need to be filled with something useful. You can only watch TV for so long until you run out of reruns.

You get the idea of what I am trying to point out above. If you would just take a big pile of money and treat it that way, most people will fail and waste their fortune very quickly. It takes a lot of financial discipline to look at that money in a different way. Now take a small chunk of money, recurring paid every month and add it to your income from your job. That small amount of money will carry you much further and does not change your life right away. You can slowly adjust. You can start planning a transition period where you would slowly move from being employed to either being a happy retiree with a purpose of what he has to do every day or you could become self-employed and invest some (or all) of the money that you got.

But now better wake up and start working on your dream. Forget about the lottery, because your chances of winning are extremely small. Rather use your finances in an appropriate way and one day you can earn a fortune all by yourself.

By: chrisp1

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When you are rich, you book a nice room in of these Downtown Denver Hotels. Or buy solar atomic watches as they keep up with the time and life.