We all know that money can’t buy happiness, but it’s still nice to have. A lot of people like the idea of having more money for when they retire, or to enjoy their day-to-day lives explains Paul Haarman. So when they find out there are people in this world who actually do have more than enough, they wonder what these people are doing with their lives. The truth is, they aren’t doing anything particularly different from anyone else. They just have a set of skills or habits that allow them to live well every day, even if it means having millions in the bank.
That’s why we went looking for some advice on living well no matter what your financial situation is like. We asked around and collected some of the best tips we could find from people who knew what it meant to live well, even though they themselves had little money in their pockets.
Check out the list below and be inspired by these stories!
1) Do What You Love (for Cheap or Free)
Of course, when you think about doing what you love, the first thing that comes to mind is a beautiful office in a stylish building, with a high-paying salary and everything you can dream of.
But there might be something else after all: being your own boss! Most millionaires have businesses they started on their own. Instead of going through tedious interviews at some company, they did their own thing and worked on what they liked doing.
Take it from these two millionaires:
“Work like there is someone working 24 hours a day to take it all away from you.” – Stefan Pylarinos (Self-Made Millionaire)
“Don’t get caught up in the trappings of success … get caught up in the joy of what you’re doing.” – Michael Glazer (Self-Made Millionaire)
2) Follow Your Passion
The same goes for following your passion. If what makes you happy was to work 9-5 in an office, then that would be the best thing to do says Paul Haarman. But if you don’t enjoy it, becoming very successful at it might not make you happy.
For example, take Chris Gardner, who had to sleep on subway trains while he was struggling to become a very successful stockbroker… but even after his success, he still didn’t feel right with how his life turned out! He ended up starting a new career as a motivational speaker, which is something that actually made him happy. Then he got another success in the form of Will, his son, who was diagnosed with Asperger’s syndrome. Will inspired him to write a bestselling book called The Pursuit of Happiness, which is actually what made Chris Gardner so successful today.
3) Limit Your Lifestyle
“My biggest tip for living well on less? Keep your fixed costs low.” – Stefan Pylarinos (Self-Made Millionaire)
If you’re just starting out making money and are trying to get rich, it’s good to remember that one of the most important rules in personal finance is that you shouldn’t spend more than you earn. And if you want to make more money, start by spending less!
Sure, it can be hard at first. Maybe you need that new car to feel happy, or you want to go on some nice vacations, but it’s important not to get into trying to live the life of your financial dreams. One of the key things here is making sure you always have an emergency fund. That way, if something comes up and all of a sudden you need $5000 for some reason, chances are good that you’ll be able to afford it – because you’ve saved for “just in case”.
4) Automate Your Finances
“Automation is one of the best ways to keep expenses low.” – Stefan Pylarinos (Self-Made Millionaire)
Another great thing about being self-employed is that there are no 9-5 schedules to keep, so you can schedule your work whenever you want! But for many people, knowing what to do when isn’t always easy. That’s why automation is so critical in increasing financial success explains Paul Haarman.
You don’t need to spend all day every day doing the things. That will get you closer to being rich – just up some automated systems and let them run while you’re at home! For example, if you have a business, automate your bookkeeping using accounting software.
By now, most people know they should be working to live, not living to work. Although it’s important to find good-paying jobs and make use of our time in order to become rich, it’s even more important to enjoy what we do – or else the money won’t matter (and may even end up ruining your life).