The Reality of Cash Flow Strategies of Wealthy People
You might have seen many high achievers with intense cash flow strategies and successful people in life with an high net worth, or individuals who are superstars in their field.
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There is no denying that these achievers are not only financially wealthy, but also living their best lives. Some common things you find in all successful people are their ample material wealth, properties, and even fame.
And that perhaps makes them likable and admirable human beings.
But is there a catch?
Well, you’re mistaken if you think every wealthy man or woman is living their best life. If you get a chance to get to know them personally, you will learn that their lives are not what they look like.
Like any other human, these people also face serious issues. While some struggle with making real or deep relationships with their loved ones, others don’t have enough time to take care of their health.
In some cases, people have several business associates, but not many friends. They rarely get to see their kids or meet close relatives. That is to say, most affluent people have little to envy other than their material wealth and amazing career.
Most notably, all these people have NO time for themselves, which plays an important part in their successful careers.
So, is their cash flow strategy to become successful by compromising time, relationship, and health, right? Let’s explore.
Is Money Enough to Comfort You?
As mentioned above, most high achievers and successful people not only paid the price but have always been willing and ready to give up everything it takes to get what they want – wealth.
But the question is: is it worth it?
Giving up everything just to become wealthy is NOT the right approach, unless your only priority is money. Remember that affluence or prosperity is partially based on your financial abundance. For many people, there are two realities of money:
- Lack of money or resources
It is a situation in which one always needs more money, never has enough, and never achieves financial success. Many of us either have been or are currently there. The reality of riches, however, is considerably more pernicious and something that most of us would hardly consider negative.
If you believe money is the ONLY thing that can comfort you, you might be missing out on the things essential to bringing depth and clarity to your life.
Simply put, we need to define wealth more thoroughly. We must affirm that we achieve the goal we set for ourselves; the secret is that you can have the financial success you want, and the time and company to enjoy it. Unlimited wealth is available; it has to be directed toward improving our lives.
Money and Time – What is More Important
To find the answer to this question, you need to ask yourself a few “what if” questions.
- You possess flashy, expensive gadgets and material goods, and your bank account has a balance with three commas; but you have to trade away everything else you value to get it?
- Having it requires you to sacrifice your life’s best years in exchange?
- Each year, you need to work longer and harder than the previous year?
- The wealth costs your health in exchange?
- You have to pay for your wealth with your youth?
- You reach the end of your life and wish not for plenty of zeros in your bank account, but a more fulfilling marital life, quality time with your children, spiritual fulfillment, and meaningful and close friendships?
Newsflash – every question mentioned above requires ample energy, focus, and time. No one can live forever. We all have an expiration date, and we don’t know when, where, and how we will leave the world. What we know is time is scarce, and we need to treasure it as a priceless entity.
How scarce are the commodities we cherish most in life? How hard is it to find outstanding individuals and connections? How finite are your resources, focus, and energy? What price would you be willing to pay to spend one more day with a loved one who is no longer with you?
It serves as an intriguing mental experiment and a means of rearranging our priorities.
It teaches us that money is the most plentiful, not the least, of all the things we can get to live a decent life. Without money, we would be unable to free up our time, focus, energy, or any other resource.
It doesn’t mean you should stop wanting more and start living like a monk. So, what should you do?
Passive Income, Discretionary Time, and Free Choice are Your Wealth
If you devote all your time, effort, and decision-making abilities to pursuing money, success, or wealth, you risk losing your lives. The goal is not to consider money EVERYTHING, but just a means or tool; and the sole function of a tool is to serve a more important purpose.
An abundance of passive Income, leisure time, and freedom of choice defines wealth. When you further break down passive income, it is described as cash flow that takes little or no work to earn or sustain.
The hours available to you each day to use any way you like are known as discretionary time. The degree of your personal autonomy that allows you to live your life as you like is known as free choice. When you combine these three elements, they form an ideal cash flow strategy for survival.
PASSIVE INCOME + FREE CHOICE + DISCRETIONARY TIME = Wealth.
All you need is to expand your definition and idea of wealth to get and enjoy a large bank account and a rich and fulfilling life. You need to have these three components in abundance (free choice, discretionary time, and passive Income) to make a great life for yourself and your loved ones.