Different Ways to be Rich in 2019
Different Ways to be Rich in 2019
By Ben Carlson August 1, 2019
It’s estimated only 5% of people in the United States are millionaires.
So if we’re using millionaire-status as a way to gauge wealth in this country, a lot of people are never going to get to the point where they’re considered “rich.”
But there are plenty of other ways to live a wealthy life that extend beyond how much money you have in the bank or your portfolio. And even those with a lot of money may not be considered rich when you look at other areas of their life.
Here are some ways to be rich in this day and age that go beyond money:
You have a job you enjoy. If you work a 9-5 job that means roughly 50% of your waking hours during the week are spent in the office, with your colleagues or at your place of employment. Many people put in even more hours than this.
So if you hate your employer, boss, co-workers, or career path that can be an enormous drag on your well-being.
Simply enjoying what you do, who you do it with, and the company you do it for can make for a supremely richer life than the alternative. It would be nice to pair a fulfilling career with a high paycheck but most people never find the former even if they receive the latter.
Being in control of your own time. A big paycheck is always nice but the impact wears off when you’re forced to deal with a stressful work environment, co-workers you don’t care for, or work you’re not appreciated for.
Everyone has aspects of their job they don’t care for but it’s hard to put a value on the ability to control what you work on, who you work with, and performing meaningful work that keeps you engaged.
Having a say in how you generally spend your time in your job is a perk not many workers enjoy.
The ability to work from anywhere. Working remotely is a relatively new phenomenon because the technology to do so effectively didn’t exist in the past.
Not only does it offer more flexibility but it can boost productivity, help people with their family life, and cut down on time spent commuting. It takes the right personality type and organizational culture to pull it off, but telecommuting can make your work and personal life so much easier.
Having a short commute to work. When looking for office space a few years ago my number one requirement was location. I wanted something as close to home as possible.
Cutting my commute down from 20 minutes to 5 minutes has made me at least 9% happier in life by not dealing with traffic and terrible drivers.
One study found adding 20 minutes to your commute makes you as miserable as receiving a 19% pay cut.
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