Tuesday, March 19, 2013

How To Get Rich - Learn the Numbers Game

Do you know how much money it takes to be rich ?

Do you think the rich care about the numbers ?

Whatever your answer is, it could be just right for you !

The Meaning of Numbers

Numbers in a bank account. Numbers in total assets. Numbers in total debt.

All of the above numbers are an important part of our modern day lives. However, what do they really mean in the concept of being rich ? Well, there is no magic number as far as determining when you become rich. Do you think that as soon as you reach a number in total assets or total net worth that you magically become rich ? The answer is no.

Becoming rich is more a state of mind than anything else. You are rich whenever you have the freedom to choose your future path. Once you no longer become dependent on working just to survive, but look forward to doing exactly what you want to do. That is the true definition of being rich.

Numbers As A Guide

Numbers are most useful when they are used as a guide. For instance, it is much easier to set goals if you use numbers instead of just feelings etc. One example is to have zero debt. Another is to save enough dollars to pay for your basic living expenses for the rest of your life. Another is to own your own home without having a mortgage.

Achieving some or all of the above goals will certainly go a long way towards giving you the feeling of being rich. They will make your life less dependent on having to work just to survive. But how do you know when you are truly there. The numbers will not necessarily tell you.

The Big Game of Numbers

I often hear a number given by financial planners of what a client needs before they can consider themselves wealthy. I just have to shake my head and wonder how anyone can possible pick this mystical number. Every person living on this planet has different dreams and desires. Every individual will have their own number if you will.

Perhaps these numbers are meant more for the planners than for their clients. In other words it will tell the planner how successful he or she is towards helping each client become wealthy. In some cases where planners receive commissions, these numbers may also be used  in planning their own income streams.

There are so many variables that can be adjusted towards truly becoming wealthy. One of the biggest ones is the cost of living. For instance, someone could simply move to a place with a much lower cost of living and feel instantly wealthy. It happens all the time.

What To Do

Use numbers as a guideline only towards achieving individual goals. Pick a number and go for it. Work towards reaching that number, then choose another goal. And so on and so on and so on. Don't pay any attention to the mystical numbers that many others may preach. Work towards achieving your own goals and desires where you live today.

Also remember that wherever you may live today, it doesn't mean you must always stay there forever. Open your mind to new opportunities to find your way to becoming truly rich.It may be much easier than you had ever thought.

As always, I welcome your comments and suggestions for future topics.

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