I truly learned the lesson of “how to be rich” when I became friends with an extremely wealthy woman. I remember the first time I saw what kind of car she drove. It was a Mercedes. Hmph. Many people would consider that to be a very luxurious car but for this woman who could afford anything in the world, it was actually quite modest. Me, although being of more modest means, was trying to find a way to get myself into some comparably priced luxury vehicle. I had the mindset that if I was working hard while constantly growing my wealth and able to get approved for a big loan, I too could have a car like hers. I would be barley covering my expenses each month, but I could be cruising Southern California in a sweet ride…the ride I deserved for working so hard. It was the icon of success that would propel me into even harder working or so I thought.
I told my wealthy friend that I was starting the car search. She said, “Your car is great! You don’t need a new car!” My car was great: It was up to date with maintenance, reliable, the body was in great shape and most importantly it was PAID OFF. I examined my situation when I realized that even though I was making so much more money than in my Navy days, I felt like I had less money. I had been living waaay below my means back then and now I was trying to live at the tippy top of my means.
I became rich once again when I reduced my expenses compared to my income. My stress was extremely reduced by my feeling of wealth. Being rich is good for my health.
Rebecca says
“I became rich once again when I reduced my expenses compared to my income.” I’ll be turning that one around in my head for days.
Christina Warren says
Me too! 🙂