Topic: What wealth is actually for, how to avoid wasting wealth to acquire money
TIP: Sleep, exercise and eat well – and the rest will follow. Start working on any one of the three magic pillars of true wealth and the others will rise with it.
Conclusion: Strive for real wealth; don’t be fooled by the money illusion. Nobody actually wants money, fame and status. Those are at best tools, and at worst unintended side effects.
Reading time: 10 minutes (times the 4x obligatory re-reads)
Rich but not happy…, then what does ‘rich’ really mean?
The super wealthy have a problem.
They have no reason not to be happy, content, fulfilled satisfied… (I’ll use “happy” as shorthand for whatever state it is you are ultimately trying to attain). With extreme wealth comes the potential to buy, to give, to experience, to research, to explore, to learn, and not least to feel accomplished, happy… “rich”.
Anecdotally, however, despite all the resources in the world, it seems many of the money-fat fail at being 100 per cent fulfilled.
In contrast, there are a lot of people that struggle to put food on the table, but nevertheless are happy, thankful and, somewhat paradoxically, feel richer than many millionaires.
Yours truly actually seem to be one of very few wealthy people that feel truly happy, not to mention rich. I’ve come across several articles and surveys, where objectively wealthy people still put “being rich” at somewhere between 2-5 times their current net worth. I’m the anomaly here, in considering the “rich” bar being set somewhere below half my current level. So, I don’t have the most money in the world, but I am definitely rich (point being: after having enough to live comfortably, the rest is all in your head).
For all I know, I may well be the richest (read: happiest and most rich-aware*) wealthy person on the planet.
* I think I am, but feel free to challenge me. Nothing would make me happier than to learn about somebody with an even better experience and appreciation for their station in life
The richness formula explained
So, how did I get here? Is it my humble beginnings, genetics, physical and mental health, friends, or what? Most important, is it replicable? Could you feel rich? Yes, “feel”, since being rich apparently isn’t strongly dependent on your financial resources (again, after a point where you can eat, sleep and live safely and comfortably enough).
The following eight or so magic pills, that all fit in nicely with each other in a joyful and synergistic bundle, taken together is all you need to become very, very rich. How rich? As rich as you have the capacity to experience.
My 8 magic happiness pills that could (should) work for you too
I use my body, I work out; I push myself to the limit when lifting weights four times a week. I started out doing it chiefly to stay physically capable, but every year there’s more research showing how essential exercise is for a fully functional brain as well. In addition, my regular “wins”, in terms of personal bests or just pushing through some plateau, fill my life with small spikes of justified joy. TIP:exercise
I’m healthy. I had a sore throat back in 2006 and then again in 2017, but apart from that, at worst I become tired after a late night out a few times a year. Nota bene, health is tightly connected to the other magic pills of exercise, nutrition, environmental factors, and not least mental and psychological health. And vice versa, every pill is synergistically connected to the other pills. I strive to constantly level up on any one of those parameters, knowing that increasing one will lift the others as well. TIP: stay healthy (take care of your sleep, eat real food at least 80% of the time, avoid toxins, stretch those psoases). Side tip: eat fatty fish or drink natural fish oil, but try to avoid most other supplements, in particular in actual pill or capsule form (natural berry powder is a whole different story, though)
I’m outside a lot. I see sunlight a lot. Having a dog helps, since it means there are no excuses not to be outside, seeing nature, feeling nature, meeting people, meeting other dogs. But with a little determination you too could make taking a walk outside a few times every day an absolute rule. TIP: put up reminders to move around, and to do it outside. Side tip: Get a dog. Side tip 2: No matter my advice to stay off the pills, consider eating Vitamin D during the dark half of the year, at least if you live in Sweden or work indoors.
I have friends, challenging friends, intelligent friends, interesting friends. They inspire me, push me, lift me up, and in general ‘bother’ me in a good way. They help me break out of homeostatic behavior if I turn complacent and stuck in my ways. Friends come to you based on who you are and what you do. If you represent what you would like to see in a friend, you will attract company with similar values, and you will all be better of for it. TIP: be a role model and hang out with good people.
I pay attention. I live now, not far into the future or way back in the past. TIP: feel; do at least one mindfulness exercise every day, a few seconds would suffice (breathing, touching, feeling, body-scanning, watching, listening, smelling, thoughtfully experiencing). In addition, you should try a full minute of meditation every now and then, once mindfulness has established itself as a natural habit of yours. Don’t get me wrong, you still need to remember and learn from the past, as well as occasionally adjust your general direction into the future, lest you won’t survive. It’s a question of striking the right balance between appreciating and accepting what is, while still being smart about making sure there is enough to appreciate tomorrow too.
Failure is trying, and trying is growing
I’m appreciative, which comes easily and naturally from paying attention (as well as framing my situation as extremely favorable compared to [your choice: the past, other people, you in a parallel world]). I’m always waking up happy to see a new day in this wonderful world of mine, but if you don’t you might need to work on it. If you don’t feel appreciative, try imagining how things could be worse, much worse. That technique is called “framing”: If you’re standing in line, at least you’re not at the office, right? TIP: notice good things; do what every life coach in the world instruct their clients; keep a journal in which you everyday write down the best thing with that day, or a failure you avoided.
I Take risks. Live! (which sometimes means flirting ever so little with death, or fear of death). I do something almost every day that scares me, surprises me or makes me laugh. I try to do things I don’t actively want to do either – small things, like taking a cold shower or listening to a suggested podcast on a topic I wouldn’t have chosen myself. TIP: Seek out surprise, and strong emotions like joy and fear. Regularly break out of your homeostasis and make sure you experience new things, stretching those neurons and learn as much as you can. Not only will it make you healthier and happier but it will make you a capable and interesting person to hang out with. TIP 2: Fail. Make it a daily or weekly habit to write down what you have failed at recently. If you don’t fail every now and then, youre not trying, and if you’re not trying you’re not growing. Your failure journal can double as your “framing repository” to look back at on days you’re not failing. Seeing past failures can put your present actions in a better light.
I focused on real wealth
-financial wealth followed as a side effect
I have a lot of money. I ascribe my financial success not to any particular monetary ambition, but to all the suggestions above. I focused on real wealth and just got financial wealth as a bonus. TIP: get a lot of money by doing something meaningful, but don’t waste your life trying to impress others with a huge bank account. It’s nice to be rich, and it’s an important part of feeling relaxed, safe, free and independent; the opposite of slaving away as a mindless drone or compromising your moral for sustenance. But it’s not worth it if getting it means sentencing yourself to decades of prison in meaningless toil during your most physically cabable years.
Once you have the money, you’ll still just want to get back to my list above, now decades older than before. By all means, enjoy creating things and changing the world. Bask in the feeling of accomplishment that the scoring system of making money entails. But be wary of the time spent focusing on amassing money when you could be living. It might help considering if there is something else you’d rather do if the income was the same. Why spend 20 years as an accountant to afford a house with a sea view and lobster for lunch once you retire; when you could dive straight into said sea and catch the lobster yourself today?
Yeah, I know, I’m simplifying way too much in order to make you question what money and wealth actually is. What you need to do is think about what makes you happy when nobody’s watching and make more of that while you still appreciate it. You change as you grow older and the material riches you pile up when you’re young just might not buy the things you crave the most when you’re older.
Conclusion: money is for the poor
This is how I think it is: You want do be happy as much and for as long as possible. Hence, invest in health, good company and experiences. Pay attention to what you’re doing and frame occurences in the best way possible. In that way, life is like a dream, a lucid dream where you’re in control of your happiness (as long as you have access to basic necessities like food and shelter), and that control makes you truly wealthy. In addition, financial wealth isn’t unlikely to follow as well, although at that point you hardly couldn’t care less about the money. After a certain point, its only the poor mind that strives for money in itself, and will forever stay poor. As long as you hesitate to call yourself rich, or think that 2x is just what it takes to get there, you’re still poor and probably always will be.
Things you can buy for money isn’t the answer, no matter how much society tells you it is. How much living space, food and transportation can you enjoy in a lifetime? That’s really all money can buy. That which gives life meaning you still have to create yourself every day.
Begin with your sleep
If you sleep well you get less cravings for junk food and candy. Eating and sleeping better give you more energy which makes it easier to exercise. Exercise makes you hungry for nutritious food, as well as makes it easier to sleep. Exercising outside…, well, gets you outside in the sunlight; and nature provides plenty of opportunity for mindfulness, for moderate risk taking and meeting people.
So, start with taking care of your sleep, which incidentally (not really) often means exposing yourself to sunlight in the first half of the day. Thus a good old fashioned daily walk outside both improves your health in a number of ways, as well as sets you up for sleeping better which in turn is the foundation for all other magic pills of happiness.
Now, how about that walk outside? Take ten minutes and listen to the first episode of my podcast Future Skills here. If you don’t have iOS you should still be able to find the show on most other podcast apps. Read more about it on the show’s homepage.
BONUS: Keep a lookout for my new podcast in English together with Ludvig Sunström. It’s called “Future Skills”. We’ve kicked off with an amazing interview with hedge fund billionaire, Fourth Turning philosopher, crypto critic and gold bug Martin Sandquist. You can find it here. Don’t forget to leave a review to help new listeners find the show.
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