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I wrote this about half a year ago:
How I Made $11032 In 2 Months With Less Than 1.30 Hour Of Daily Work
Now, half a year wiser, I can see a flaw in my mindset back then which I would like to share with you. It will help you fix it, if you also share the same flaw.
I was under the impression that becoming wealthy as fast as you can is the best thing you could ever do in your 20's.
Reach to the point where you are making at least 7 figures in profit per year and you will have almost everything you want in life.
Right?
I am still under the impression that you owe it to yourself to secure your financial independence as early as possible.
However, two things have changed in the last 6 months.
1. Social Relationships
2. Happiness Levels
Firstly, when you reach the mid six figures per year point, you realize that 99% of the people in your life cannot keep up with you. You move forward super fast and friends and family stay behind. Even when you try to take them with you, you realize that in the end that's only slowing you down. This feeling sucks, but I guess it is normal.
You want to live the good life, and you realize that this is impossible to do with those that you used to spend your time with in the past. If you still want to enjoy a vacation with them, you have to wait for months until they have saved enough money to go for a short trip or be able to get the permission to leave whatever they are doing - whether that's a job or college.
Thus, you either slow down your pace to let them keep up with you for a little longer or you simply change your social circle. This feels weird and uncomfortable at first, but it's going to accelerate your success even further. So, don't be afraid to do it. This doesn't mean that you will never spend a minute again with people from your old social circle, but that your interactions with them will probably be significantly reduced.
Secondly, you realize that once you go past making a few tens of thousands a month, the increase in your "happiness levels" due to your rising financial power has reached a "slow down" point.
It's somewhat like in this graph:
In the beginning, your life changes radically and you are significantly happier. After a certain degree, you will only notice a mild increase in how much happier you become by making more money.
Hence why many wealthy people eventually become miserable as making more money does no longer make them happier. Hence why many of them start seeking other forms of pleasure and satisfaction - like drugs.
Money does buy happiness and money does not buy happiness. If you pursue money just to become happier, you will probably won't find that happiness.
Money is wonderful and after having been incredibly poor I choose being wealthy 10 times out of 10. However, I noticed that after a certain point, chasing money just for the sake of making more didn't make me happier. I suppose others here must have experienced the same thing.
Does this mean you should stop making money? Or that you should not continue on your way to becoming wealthier?
It doesn't. Maybe, all you have to do is to regulate it a little bit. You want to be rich and free. You don't want to be greedy or spend your entire life building your bank balance just to realize that all you have been left with are 7,8,9 or 10 digits in the bank.
At the same time, you want to ensure that you have enough digits in the bank to buy the freedom and the lifestyle you desire.
With all that said, I am wondering, how much money is enough for you?
I am also curious to hear your perspective on how money affects your Social Life as well as your Happiness and what is the best way to handle these (maybe, that's going towards the more experienced).
Regards,
Damian Pros
How I Made $11032 In 2 Months With Less Than 1.30 Hour Of Daily Work
Now, half a year wiser, I can see a flaw in my mindset back then which I would like to share with you. It will help you fix it, if you also share the same flaw.
I was under the impression that becoming wealthy as fast as you can is the best thing you could ever do in your 20's.
Reach to the point where you are making at least 7 figures in profit per year and you will have almost everything you want in life.
Right?
I am still under the impression that you owe it to yourself to secure your financial independence as early as possible.
However, two things have changed in the last 6 months.
1. Social Relationships
2. Happiness Levels
Firstly, when you reach the mid six figures per year point, you realize that 99% of the people in your life cannot keep up with you. You move forward super fast and friends and family stay behind. Even when you try to take them with you, you realize that in the end that's only slowing you down. This feeling sucks, but I guess it is normal.
You want to live the good life, and you realize that this is impossible to do with those that you used to spend your time with in the past. If you still want to enjoy a vacation with them, you have to wait for months until they have saved enough money to go for a short trip or be able to get the permission to leave whatever they are doing - whether that's a job or college.
Thus, you either slow down your pace to let them keep up with you for a little longer or you simply change your social circle. This feels weird and uncomfortable at first, but it's going to accelerate your success even further. So, don't be afraid to do it. This doesn't mean that you will never spend a minute again with people from your old social circle, but that your interactions with them will probably be significantly reduced.
Secondly, you realize that once you go past making a few tens of thousands a month, the increase in your "happiness levels" due to your rising financial power has reached a "slow down" point.
It's somewhat like in this graph:
In the beginning, your life changes radically and you are significantly happier. After a certain degree, you will only notice a mild increase in how much happier you become by making more money.
Hence why many wealthy people eventually become miserable as making more money does no longer make them happier. Hence why many of them start seeking other forms of pleasure and satisfaction - like drugs.
Money does buy happiness and money does not buy happiness. If you pursue money just to become happier, you will probably won't find that happiness.
Money is wonderful and after having been incredibly poor I choose being wealthy 10 times out of 10. However, I noticed that after a certain point, chasing money just for the sake of making more didn't make me happier. I suppose others here must have experienced the same thing.
Does this mean you should stop making money? Or that you should not continue on your way to becoming wealthier?
It doesn't. Maybe, all you have to do is to regulate it a little bit. You want to be rich and free. You don't want to be greedy or spend your entire life building your bank balance just to realize that all you have been left with are 7,8,9 or 10 digits in the bank.
At the same time, you want to ensure that you have enough digits in the bank to buy the freedom and the lifestyle you desire.
With all that said, I am wondering, how much money is enough for you?
I am also curious to hear your perspective on how money affects your Social Life as well as your Happiness and what is the best way to handle these (maybe, that's going towards the more experienced).
Regards,
Damian Pros
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