John Hurd’s latest ‘e-Wealth Daily’ article is titled “The Real Cost of Living the Good Life”. [é-Wealth Daily’Article]

John Hurd’s latest ‘e-Wealth Daily’ article:

The Real Cost of Living the Good Life

When people tell me about their personal and financial goals, you can almost always be certain that somewhere on their list is the desire to be rich someday.

And it seems to me that the desire to become rich is getting closer and closer to being the number one goal on many people’s lists. But, is being rich really more important than being happy and healthy?

Now, there is nothing wrong with wanting to be rich, but you have to ask yourself what it is that you really want to achieve when you say that you want to be rich.

So, then, what exactly does it mean to be rich?

When you think of what a rich person looks like, you probably picture them driving in a luxury sports car, living in a million-dollar home and spending a good portion of their time in exotic, sunny places working on their tan.

That certainly sounds like a fantastic life. And the costs of maintaining that life are certainly going to be incredibly high. It would take an income of hundreds of thousands of dollars to keep up with the costs of servicing that car, making those extra home repairs and paying for those pricey vacations.

Now take a look at your life right now. What would you have to change and possibly sacrifice to help you fulfill that image of being rich? And you have to ask yourself if, in the end, whether or not it all would be worth it.

Now, don’t go and cross that goal off your list right away. Take a few minutes and think about what your completely personal and unique definition of being rich could be.

Being rich can mean anything you want it to. It can mean having the money in your pocket to always pay cash no matter what you buy. It can mean paying your bills on time and living as debt-free as you can. It can even mean that you are comfortable and happy with the knowledge that you are able to live day-to-day without giving up the things you love.

Now figure out how much more money you would need to reach your new vision of being rich. Is it an extra $5,000, $15,000 or $25,000 that you need? You can then replace your goal of one day becoming rich with that actual dollar amount.

By making one simple change to your goals, you’ll actually have a tangible goal to work towards. And being able to visualize a specific goal can certainly increase your chances of one day reaching the things you truly want.

e-Wealth Daily

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* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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