3 Reasons Why You Don’t Know What It Is To Be a Wealthy Person

Today I woke up at 10 AM.

Since last Wednesday, my youngest daughter has been positive for Covid, and I’ve been with her at home.

Fortunately, she’s vaccinated and only had a slight headache and body pain.

I’m 45 years old and had my boost shoot vaccine three weeks ago.

I have not had any type of symptoms and have constantly tested negative.

So, my youngest heiress and I have been waking up later. It feels so good to be in bed until your back hurts.

My today’s routine: after taking breakfast, I went for a quick shower and came to the ‘office.’

After a few seconds of looking at the screen, I started another article, proofread chapter three of my?next book that my ghostwriter is working on , to publish on Amazon dot com. After that, I checked my emails, saw how my Facebook and Amazon Ads were doing, and finished the outline for my fourth book about?Stock Markets for Beginners.

That was my morning.

After lunch, I read Martin Lindstrom’s?The Ministry of Common Sense ?for one hour. Then I picked up the article I started in the morning and finished it.

It was 4 PM when I went outside (the first day after quarantine). I picked up my new city bike and went for a ride.

One hour after a beautiful ride near the river, I stopped to talk with my best friend on the phone.

He was calling me bad names because of my lifestyle.

Bruno was still at school in a boring teacher’s meeting after troubles with problematic kids. He’s been desperate to quit being a teacher. But he can’t because there’s nothing better as an option.

At least, Bruno has a reasonable salary. But he’s so tired of putting up with manic-depressive directors, boring colleagues, increasingly disrespectful students- he just wants to drop everything.

Even more so, knowing the lifestyle, I adopted a year ago.

The freedom I gained when I quit my 9 to 5 job is only compared to the lives of those who are not forced to work to live extraordinary lives- some kind of wealthy people.

It makes me think that living a wealthy life has very little to do with being a millionaire but with choices.

I know it takes courage to switch from safe to unsafe jobs. And not everyone is in a position to do so.

I worked for more than a decade in the real estate business and managed to make investments that allowed me to spend two years in peace, building a digital business from scratch.

But we can build our own circumstances and prepare for the long jump.

Yet, most people are content to complain but do little to change the state of things.

Today, as we live in the?Exponential Age , with almost free digital tools that help us to assemble, even if so, a side hustle, which can progressively support us so that one day we can take the much-desired leap, only out of fear or cowardice I understand the apathy of people not to have the courage to take risks.

We don’t need to be born millionaires to live free from today’s jobs’ vicious and sad cycle.

Let me tell you seven reasons you don’t know what it is to be a wealthy person.

1) The new money goal isn’t saving a million dollars. It’s a semi-retirement plan.

I’ve been following?Rocco Pendola ?for more than one year.

His simple philosophy of semi-retirement has been growing inside my dear brain.

It’s difficult to digest initially because we’ve been culturally taught to save enough money that a 4% withdrawal per year of a fat portfolio would be sufficient for a safe retirement.

However, to have such a financial structure, some have to save $1 million to $2.5 million, which makes you kidnapped for life, clinging to the fear that one day you won’t have enough money to keep up your lifestyle.

This well-orchestrated marketing created one of the most profitable industries on the planet — the fund management industry.

Yet, 79% of workers between the ages of 57 and 75 want to go part-time instead because they don’t feel financially prepared to enjoy their third act, according to?a new survey ?from Harris Poll and staffing agency Express Employment Professionals.

But are there different ways to approach the subject?

Yes, they are. It’s called?semi-retirement.

More than traditional retirement, semi-retirement reinforces the?personal finance is personal?mantra.?Semi-retirement is a fluid concept that varies slightly to considerably on a case-by-case basis.-?Rocco Pendola

The most important thing about this?personal mantra?is that it begins and ends with a relatively low cost of living.

Living with surplus cash most months of the year is a non-negotiable aspect.

The more money you make and the lower your cost of living, the better shot you have at a semi-retirement that can make you happier than you’ve ever been.-?Rocco Pendola

Last year I decided I didn’t want to work the 9 to 5 job and have to put up with my bipolar boss. So, I quit.

Fortunately, I had savings from my real estate business operations that could support my monthly expenses for two years.

In April 2020, when the pandemia struck us hard, I moved from a 3 bedroom apartment in the wealthiest part of my city to a 4 bedroom apartment near schools but far away from the center.

In that operation, I saved almost 20% of my monthly renting. Moreover, it was a perfect deal because my two daughters go to school in a three-minute walk. Besides that, I don’t have to use my 17-year old Audi to transport them.

My monthly expenses are as low as they can get. But my quality of life hasn’t dropped a thing- quite the opposite.

I knew this first year would be hard to keep a positive cash flow as a freelance writer, and with $18,000 of yearly expenses, I only earned $15,000. So, in 2020, I was negative 3k.

However, the time I spent with my daughters, the countless times I spent with my closest friends, and the peace of mind I gained were priceless.

And better than that, I’m building an online business that tends to grow every year.

So, thank you, my friend?Rocco Pendola !

I think I’m living my first years of semi-retirement, or saying it more fashionably, living a new?personal mantra?lifestyle.

2) Warren Buffett’s compounding effect is not just for millionaires, you dumb.

Imagine your grandmother giving you a birthday present of a $1,000 check in an old envelope.

That same day you were with your best friend taking coffee, and he or she explained to you the powerful effect of compounding interests.

Compound interest (or compounding interest) is?the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.-?investopedia.com .

That day you decided you’d save your grandmother’s check and apply it to a mutual fund that would give you a 5% interest year over year. Also, you committed to yourself to save and put $100 a month into that little pot.

Through a?digital calculator , after a period of 30 years, that small savings account would have the exact amount of $84,070.

If you’d save $200 per month in the same period of time, you’d have $163,817.

That’s the power of compounding interests.

Give a rich man $1,000, he returns with $100,000. Give a broke man $1,000, he returns with a pair of Jordans and TR Jeans.- Warren Buffett.

Buffett used to say:?you only have to do things right a few times.

3)?The saddest part about getting older is seeing how intellectually dead some of my friends have chosen to become.

This headline was ‘stolen’ from one of my favorite writers on this platform-?Michael Thompson .

In?this article , Michael said simple things that always made a difference for me. And one of them was:

Life is about walking through as many doors as you can, learning a new something, seeing a new somewhere, and meeting a new someone.

As we get old, we see some of our friends decay. But unfortunately, most of them are related to a lack of a motto.

Some of my friends have good jobs and structured families, but they seem to have lost their way for some reason.

My new, more relaxed lifestyle and more free time didn’t make me less focused, but I did have more time to talk. And what frightens me is the number of familiar people I talk to, who seem utterly alien to the world.

Many of them are empty inside because they have already achieved what was supposed to be their life goal: having a good house, a good car, educating their children and taking a trip abroad filled with selfies to share on social media.

But when I’m in a coffee shop with them, wanting to discuss international politics, economics, or even my personal project to create a natural forest, on the other side, there’s a deafening silence.

As?Michael Thompson ?so well said,?life is to be intellectually alive.?Not to have more zeros in your banking account.

I’ve been living something I never experienced before. I’ve not focused on money and success anymore. I just want to have enough to buy more free time.

My energy is my new money.

And my energy is my time. As time goes by, we have less of it. So, it’s not money that’s precious; it’s time.

The way I embraced a more straightforward way of living gave me time. And if you can transform extra time into things we absolutely love to do, you have your almost unattainable fortune here.

Michael Thompson ?and I earned something precious this last year:

This year I will earn a fraction of what I did a decade ago, but my smile is ten times bigger and this is because I finally took the time to identify what creates my smile and my answers were simple.-?Michael Thompson

Final Thoughts

It’s not the money, you ass!

It’s your time.

Your time and energy are the rare ones. Not new cars, new houses, new more stuff.

The simpler you live, the simpler your unknown questions will be answered.

Only when you lose precious opportunities like spending time with your old mother, having a conversation with your daughters before they went to bed, and taking coffee with closest friends will you feel you went the wrong path.

When you lose, you lose forever. Because time doesn’t stop.

As more complex our lives tend to be, the more complex issues we have to deal with. And happiness is lost.

Sometimes we have to stop. We have to radically change.

Or we’ll regret our blindness to give value to simple things like a walk in the park.

I’ll end up this piece with one of my favorite quotes that always followed my thoughts on life:

“To love. To be loved. To never forget your own insignificance. To never get used to the unspeakable violence and the vulgar disparity of life around you. To seek joy in the saddest places. To pursue beauty to its lair. To never simplify what is complicated or complicate what is simple. To respect strength, never power. Above all, to watch. To try and understand. To never look away. And never, never to forget.”- Arundhati Roy

This article is for informational purposes only, it should not be considered Financial or Legal Advice. Consult a financial professional before making any major financial decisions.

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