Ever feel like you’re running on a treadmill, chasing the latest trends and material possessions? I did too. And let me tell you, it’s exhausting. But what if I told you that looking “poor” – or rather, focusing on building real wealth instead of flaunting it – could be your biggest advantage? Yeah, I know, sounds counterintuitive, right? But trust me, I’ve learned some crazy stuff from millionaires and billionaires that completely shifted my perspective.
From living in my parents’ basement, broke and bankrupt, to building a multi-million dollar empire, I’ve seen firsthand what it takes to achieve true wealth. And it’s not what you might think.
Before we dive deeper, I want to share two resources that have been game-changers for me:
- The Pick A Horse: The Power to Choose You: This book is all about identifying your passion and committing to something you won’t quit on. It’s packed with techniques and exercises I personally use to stay focused and driven.
- The Manifest Journal: This daily journal helps you stay laser-focused on your goals with structured morning and evening reflections.1 It’s the tool I wish I had when I was starting out.
These books are designed to help you apply the principles we’re about to discuss. Get your copies now and take control of your journey!
The True Definition of Wealth: It’s Not What You Think
Let’s get real. Wealth isn’t about flashy cars and designer clothes. It’s about money in the bank, capital, and assets. When I first started my journey, I had to look up the definition of a millionaire. There are three ways:
- Millionaire by assets: Having enough real estate or assets to outweigh your liabilities. This was the first way I hit that milestone.
- Millionaire by income: Earning a million dollars per year in your own business.
- Millionaire by cash: Accumulating a million dollars in cash.
But here’s the thing: just having cash isn’t the goal. You want to leverage that cash to buy assets that appreciate in value.
The Trap of Materialism: Keeping Up Is Harder Than Catching Up
It’s easy to get caught up in the hype. I’ve been there. I remember when I first started making money, I went on a shopping spree, buying all the designer clothes and accessories I could get my hands on. But let me tell you, that happiness was fleeting.
Those clothes get old. They depreciate in value. You’re constantly chasing the next big thing, and it’s a miserable cycle. It’s easier to catch up, than to keep up. I can go buy a Rolls Royce, but to maintain that lifestyle is another thing.
Maintenance Costs: The Hidden Drain on Your Wealth
Here’s another reason why flaunting your wealth can be a trap: maintenance costs. Those luxury items come with a hefty price tag. A simple oil change on a Rolls-Royce can cost thousands of dollars. And that’s just the beginning.
Wealthy people understand this. They focus on building capital and owning assets that produce income, not on maintaining things that drain their resources.
The Hidden Stress of Material Possessions
I remember when I had a fleet of cars that I rented out on Turo. It was a great business, but it became incredibly stressful. Which car needed an oil change? Which one needed new tires? It was a constant cycle of maintenance and upkeep.
As you accumulate more possessions, you accumulate more stress. True wealth is about low stress. It’s about having the financial freedom to live your life on your own terms.
Financial Freedom and Low-Stress Wealth-Building
Being an entrepreneur isn’t about showing off. It’s about creating a life where you can spend time with your family, pursue your passions, and work when you want to work.
It’s about building your balance sheet, not your ego. It’s about having the peace of mind that comes from knowing you can handle whatever life throws your way.
The Power of Being in the Right Financial Circles
I’ve had the privilege of learning from some incredibly wealthy people. And let me tell you, it can be intimidating. But being in those rooms, surrounded by people who are further along than you, is invaluable.
I take that information and share it with you, so we can all grow together. It’s about lifting as we climb.
Authenticity: Attracting the Right People
This is the most important lesson I’ve learned: authenticity. When you flaunt your wealth, you attract people who are attracted to your wealth, not to you.
I’ve made the mistake of trying to help everyone in my family, and it led to nothing but misery. True wealth is about attracting people who are genuine and authentic.
Your Path to Success
Remember The Pick A Horse and The Manifest Journal? These tools are designed to help you stay authentic and focused on your goals.
- The Pick A Horse will help you identify your passion and commit to it.
- The Manifest Journal will help you stay on track with daily reflections and affirmations.
These books are my way of giving back and helping you achieve the success you deserve.
Your Journey to True Wealth Starts Now
True wealth isn’t about material possessions. It’s about financial freedom, low stress, and authenticity. It’s about building a life you love, surrounded by people who love you for who you are.
Don’t get caught up in the trap of trying to keep up with the Joneses. Focus on building your own empire, and you’ll achieve a level of wealth that goes far beyond money.
- Get your copies of The Pick A Horse and The Manifest Journal Now!
Let’s build our wealth together, authentically.
This is Noelle, To Your Success!