Ask most folks why they trade or invest… and their answers will boil down to the same idea.
To have more money today than they had yesterday… and more tomorrow than they have today.
Their pursuit of wealth comes from dreams of windfall gains and living a rich life.
But behind the charts and tickers is a secret known only to a savvy few… the art of living rich is about living rich now.
It’s a mindset, a way of being. It’s about relishing life’s luxuries, large and small, rather than deferring all enjoyment until you reach your financial promised land.
Living rich is about being, not becoming.
Now, I’m not talking about extravagant spending and garish displays of wealth. Peel back the layers, and you’ll find a philosophy that’s as much about prudent trading and investing as it is about indulgence.
It’s about striking a balance between growing your wealth and savoring all of what life has to offer, whether it’s playing polo, wearing beautiful clothes, or a taking trip to fabulous destination.
Trading and investing serve as the cornerstone of this lifestyle. They provide the means to fund your dreams… while at the same time sharpening your financial skills.
Living rich isn’t just about amassing wealth. It’s about cultivating a mindset that values experiences, as well as possessions, and sees opportunity where others don’t.
I discovered this firsthand, quite by chance. While in the Hamptons one summer (an exotic destination that’s just a bus ride away for most New Yorkers), I stumbled upon a flyer for a polo club hosting a newcomer’s BBQ.
For a mere $20, I got to mount a magnificent polo pony and learn the basics of this “sport of kings.” That led to taking a real polo lesson for $250… on a real Argentine polo pony, on a perfectly manicured polo field.
Considering that’s also the going rate for a forgettable dinner or fancy shoes… it was well worth it. I never thought I’d ever experience that in my life.
That’s the point of living rich.
You can travel the globe, even on a modest budget. Take up a luxurious hobby like polo. Splurge on a tailored shirt.
These aren’t frivolous indulgences – they’re investments in a richer, more abundant life.
A Rich Mindset
But beyond the pleasures that living rich affords, there lies a deeper, more profound benefit: the cultivation of a focused and disciplined mindset.
Trading and investing demand attention to detail, an ability to navigate choppy waters, and the resilience to weather inevitable storms.
By incorporating elements of luxury into your life, you not only stoke the fires of motivation… but also sharpen your focus and refine your decision-making skills.
Pursuing passions and pleasures outside the markets, even simple ones, clears your mind, sharpens your focus, and empowers you to make wiser decisions when you return to the trading screen.
In essence, living rich is not just a lifestyle… it’s a philosophy that transcends mere material wealth.
It’s about embracing life’s abundance in all its forms… whether it’s the thrill of a successful trade… the simple pleasure of tailored, sea island cotton shirt (which you can get online for under $50)… a well-deserved vacation on a shoestring budget… or getting on a polo pony.
Embrace the art of living rich, and watch as your wealth grows, your horizons expand, and your journey becomes all the more exhilarating.
— Shah Gilani
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Source: Total Wealth