“Money is not everything but it ranks right up there with oxygen.” ― Zig Ziglar
Is money really all that important? To some people money is the ultimate measure of success, to others it’s little more than abstract numbers in a bank account.
How important is money in your life? Would you put your entire life on hold for three years to launch a start-up if it meant you had a good chance of ending up a millionaire? Would you live on a lower salary in order to have more time with your family? I know people who have done both.
Once a student asked Bill Gates for advice on how she could become rich like him? Gates replied with:
“I can understand wanting to have millions of dollars, there’s a certain freedom, meaningful freedom, that comes with that. But once you get much beyond that, I have to tell you, it’s the same hamburger. Dick’s has not raised their prices enough,” he said, referring to the Seattle-area fast-food chain. “But being ambitious is good. You just have to pick what you enjoy doing.”
Source: Gates to students: Don’t try to be a billionaire, it’s overrated
What would you do and how do you define success for yourself?
Developing an awareness of what you believe about money and its influence on your self-esteem and life experience.
When you set financial goals, they need to be consistent with your non-monetary life goals. If the two are not compatible, then you will be in a constant state of internal struggle and frustration. Remember, money is the enabler to help you to achieve your life goals, not vice versa.