Sunday, September 2, 2007

Do you want to be a Millionaire? Why?

I just finished reading a book entitled "The 4-Hour Workweek" by Timothy Ferriss. And guess what, he is telling his personal philosophy about why being a millionaire is not it, but rather experiencing what a a million dollars can provide. Well, I know that, unfortunately for me, he discovered this concept much sooner than I did.

The great majority of people follow the trend of working very hard all their lives hoping to retire when they grow old and then enjoy life. Wrong! Life should be enjoyed now and not when we become old and ridden with all kinds of maladies. In addition to these problems, we face the possibility of not having enough wealth to enjoy the expected happiness at the end of our lives.

Some enlightened entrepreneurs have discovered a new way to live like millionaires without having the million dollars. You might say: Are you sure you took your medication this morning? Yes, I did. What I am saying is that it is possible to do it. But not the traditional way, where you work 40+ hours a week for ever until you retire to "enjoy the fruits of your labor".

You can't enjoy life if you are tied to your desk. You need two things: Time and mobility. When you have these two elements you have achieved the main ingredients to experience life as a millionaire, without the millions.

So, who are these people? The employee who negotiates with his employer to do the work outside of premises and achieve the same results or close to it in one tenth of the time. You don't believe me? Talk to some folks at IBM, I know two for sure. When you have time and mobility, then you can ski, fly, volunteer, and the list goes on.

The owner of a business who gets rid of the unprofitable and problematic client and focus on providing the best possible service to the client who brings the bacon over and over. Outsourcing the business operation (hiring other people on contract only), this way she can travel whenever she pleases and runs her business remotely on a website to showcase her beautiful landscape designs.

I always promoted the concept of having "Pillars of wealth". This concept depends on several streams of passive income where your presence is not required. I have two already, looking for five more.

I know this might shock your brain a little. But believe me, you can destroy the shackles holding you tied to the old ideas. Enjoy life now!

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