The rest of the world wants you to be bland. It does, however, have an amusing way of attempting to force you to comply. Nobody is going to say it out loud.<\/p>\n
They’ll instead say stuff like:<\/p>\n
If you’re an IWT reader, you’re likely to make some odd life decisions. Perhaps you’ll rent rather than purchase. Perhaps you’ll start your own company. Perhaps you’ll hire a personal trainer for a large sum of money.<\/p>\n
There will be a more hurdles in the way of your Rich Life vision, such as how other people believe you should conduct your life, that might cause it to be delayed, detoured, or even dead-ended.<\/p>\n
Keep an eye out for these 8 Rich Life Traps to avoid the most typical blunders.<\/p>\n
Rich does not always imply “fancy.” It may refer to a variety of things:<\/p>\n
You should define “Rich” for yourself. Don’t get caught up in the societal clich\u00e9s regarding money.<\/p>\n
How to prevent it: Make a list of all the things Rich means to you. At least once a year, revisit your definition and revise it as your thinking evolves. Include in your Rich Life vision, which we’ll walk you through in our free mini-course, How to Design Your Rich Life.<\/p>\n
It’s a tragedy to live a life that’s less than you deserve.<\/p>\n
What a sorrow it is to find in your senior years that you have lived a lesser life than you needed to.<\/p>\n
Do you want to be 70 years old and have $6 million in your bank account, having fretted about your spending the whole time? Would you even know what to do with that type of cash if you were 70 years old?<\/p>\n
Too many of my readers find themselves in a predicament where they save and save. But never learn to spend.<\/p>\n
How to prevent it: Begin by learning how to manage your finances. I realise that sounds strange. We’ve been taught that spending is bad and conserving is the most important thing. However, if you never learn how to spend money wisely \u2014 without guilt or stress and in a manner that supports your Rich Life \u2014 you’ll wind up shortchanging yourself in the long run.<\/p>\n
The majority of life counsel starts with the word “no.”<\/p>\n
Yes, it should be the first step toward a prosperous life. However, the majority of life advice is predicated on limitations:<\/p>\n
A Rich Life, in my opinion, starts with saying YES: Yes, this is what I want to experience in my life. Yes, I can earn and invest enough to meet my goals with some assistance. Yes, I can appreciate what I have today while striving toward my Rich Life.<\/p>\n
Stay away from it:<\/strong>\u00a0Make sure the Big Wins are correct. You’ll practically never have to worry about little details like “Can I afford this appetiser?” if you do. “Should I spend $3.50 on this mocha?” or “Should I spend $3.50 on this mocha?”<\/p>\n Keep an eye out for the “negative vortex.”<\/p>\n I invite prospective readers to write me an email describing their Rich Life in my book. see at this email I received from one of those new subscribers:<\/p>\n What do you think you’ve noticed?<\/p>\n Every day, I get hundreds of emails like this. When I question someone about their Rich Life, they generally begin by mentioning a few broad concepts such as freedom of travel. Then they rapidly go on to everything they don’t desire. “It’s not like I need a Porsche” or “I don’t want to be a slave to my desk,” they say.<\/p>\n This spirals into an addictive vortex since talking about what we don’t want is simpler than finding out what we want. It gives us the impression of being in command, but it halts our development.<\/p>\n Learning and leaning into your particular Money Dials is the greatest method to accomplish it. Focus on what you do want to avoid. Then repeat the process. In the free How to Design Your Rich Life mini-course, you’ll learn how to identify your Money Dials.<\/p>\n Be wary of the never-ending hunt for “advanced” advice.<\/p>\n Many individuals want high-level solutions to avoid doing the actual, hard work of incremental improvement. It’s simpler to fantasise about winning the Boston Marathon than going for a daily ten-minute jog.<\/p>\n Sometimes the most sophisticated thing you can do is consistently get the fundamentals right.<\/p>\n How to prevent it: Begin by aiming for the 85% Solution, then go on and enjoy your life.<\/p>\n Many individuals go “heads down” on one aspect of their lives \u2014 usually employment or saving \u2014 and neglect other aspects. Years, if not decades, may pass with this imbalance.<\/p>\n You run the danger of being unable to move your concentration to other areas of your life years later after you’ve achieved success in that area. You won’t have honed the talents needed to succeed in other areas. And the cognitive dissonance of the understanding you’ve squandered so many possibilities will make it impossible for you to acknowledge and confess your error.<\/p>\n How to stay away from it: After you’ve created your Rich Life map, which I’ll walk you through in the free How to Design Your Rich Life mini-course, ask yourself these questions:<\/p>\n Your vision for a Rich Life SHOULD evolve throughout time.<\/p>\n Is your Rich Life vision evolving as you grow, mature, thrive, and achieve your goals? When I was in my twenties, for example, my definition of a Rich Life was being able to order a round of drinks without feeling guilty. It’s about a lot more, including staying at nice hotels and tipping handsomely.<\/p>\n How to stay away from it: At least once a year, take the time to examine and update your Rich Life vision. Consider the following questions:<\/p>\n Then adjust your objectives, commitments, and timetables to reflect your new perspective. (Letting go of old ambitions that no longer appeal to you is extremely liberating.) Also, to create room for your new ambitions and passions.) And do it without any remorse.<\/p>\nTHINGS TO AVOID IN A RICH LIFE #4:<\/h2>\n
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#5 RICH LIFE TRAP:<\/h2>\n
#6 RICH LIFE TRAP:<\/h2>\n
Putting more emphasis on one aspect of your life<\/h3>\n
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#7 RICH LIFE TRAP:<\/h2>\n
The inability to turn the page<\/h3>\n
Myself back then and today<\/h3>\n
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#8 RICH LIFE TRAP:<\/h2>\n
The wrong people surround you.<\/h3>\n