Many people these days have complicated views about money. They want more of it, but there’s also a pang of guilt around having too much of it. Just read any comments on an online article about tax cuts for the wealthy, and you can see what the general public thinks about those in the top 5% income brackets. The truth is wealth provides you with so many life-changing benefits, providing you with financial security, peace of mind, and the opportunity to help others. If you have some money blocks you want to work on, or you want to inspire yourself to push harder financially, keep reading these 5 ways wealth can change your life.
1. You Can Give Back
No matter where you are financially, if you have a bit to spare I always suggest giving back where you can. There are countless wealthy people around the world who have worked hard through investment and smart business decisions to grow their wealth to levels where they can create immeasurable change around the world. American philanthropist, Erik H. Gordon, is an example of someone who’s now using their wealth to make an impact on climate change, improving education and social change. You too could use your wealth to invest in the causes that are closest to your heart.
2. Reduced Stress Levels
Being broke is stressful. Wondering if you’ll make your next mortgage payment, or worrying about how you’ll afford to fix your car if it breaks is stressful. Having enough wealth that you no longer need to worry about financial issues will dramatically decrease your financial stress levels. How much money do you need to feel certain about your financial future? This is a good place to start.
3. More Time
The traditional working week is exhausting, especially once you throw in other responsibilities such as children, a spouse, and pets. On top of it all, you need to maintain your home, keep in touch with your parents, and make time for your friends. Are you feeling stressed just reading it? Me too! The modern working week really doesn’t leave that much time for the things you love, so by creating wealth to a level where you don’t need a traditional job, you’ll open up more time in your schedule for doing the things you love.
4. Extra Security For Your Family
No one wants to think about what would happen to their family if they died, but the truth is it is something we all need to consider and to plan for. There’s nothing worse than losing a loved one and in the midst of all the emotional turmoil having to divide that person’s assets up as there was no will or instructions. By reaching a certain level of wealth, you’re ensuring that no matter what happens to you, your family will be taken care of.