I’m currently reading MJ DeMarco’s book, ‘Millionaire’s Fast Lane’. From it, I’ve learned many important things about money. However, the thing that hit me the hardest was HOW self-made millionaires regard wealth.
They look at wealth as a state of mind that allows them to grow, evolve and have everything that they want.
Unfortunately, society teaches us the wrong things about money and wealth.
For the majority of people, wealth is material possessions: everything from BMWs, to a million-dollar mansion and expensive jewelry. That is why wealth is frowned upon by the majority of middle-class people. Worse, it is actually embarrassing to tell people that you would like to become wealthy and successful. That’s because you feel as if people will judge you for being a materialistic person. Therefore, wealth equals materialism.
MJ DeMarco trashes the traditional school system and the mass-media for promoting a negative perspective on ‘getting rich’. And he is right to do so.
Do you actually learn HOW to become financially sound in school? How to avoid being an underearner and sell yourself short? Do you learn how to pay taxes or set up a business? Or how to save and build up an emergency fund?
Of course not. School only teaches you to learn a profession so you can get a job and earn a salary. It doesn’t teach you how to budget and release your fear of poverty. Or how to work less for a lot more money and to actually do what you’re most passionate about.
Wealth And Mindset
MJ DeMarco believes that wealth is not material possessions but FREEDOM.
Wealth is the freedom TO CHOOSE.
Freedom of choice is one of those things that can decide your entire happiness. If you feel like you don’t have a choice in life, you’re gonna end up working like a slave for very little money, doing work you’re not happy about or hanging around people who are complaining about their lives and end up sucking your entire energy. Those factors contribute to mental health issues like anxiety and depression.
But wealth can mean that your heart’s desires can be fulfilled and you don’t have to settle for anything less.
Wealth means you have a choice. You can choose NOT to slave away at a dead-end job. You can choose to ditch your negative friends and surround yourself with positive and inspiring people. You can choose to wake up each day doing what you love and creating a family that you actually like spending time with.
Wealth here is the ability to choose a better life and the capacity to accept the good things that you deserve to have. Knowing and understanding that YOU too are worthy of good things and are capable of generating wealth is a pretty remarkable thought to have.
Think about this for a moment.
If you want to talk about what wealth means to you, leave a comment below. I’d like to hear your thoughts on the subject.