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What Millionaires Want, Other Than Money

What Millionaires Want, Other Than Money

Some millionaires are missing out on some of life’s great treats. Money, it seems, cannot buy them contentment, health or real friendships. There are, of course, lots of happy millionaires but a fair number of them are not really happy or connected.

The ideal income is only $75,000 a year, according to a Princeton University study. Anything beyond that is no guarantee of emotional well-being!

According to the Hurun report on China’s Rich List, the top five have as much wealth as Microsoft. But this has not automatically brought them happiness. For example, 35% of female Chinese millionaires are either divorced or unmarried. This is twice the number of their male counterparts.

Wondering what millionaires want? Here are some of their wishes:

1. They want genuine human contact

MarkZ2

    Karl Rabeder used to be a millionaire but gave away all his money because it was making him unhappy. He sold everything, gave the money to charity and now lives in a modest mountain chalet in Austria. He has also kept a mini apartment in Innsbruck.

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    He decided to do this because he felt that the high lifestyle was false and it was impossible to connect with real people. He also felt guilty when he witnessed poverty. He could not help thinking that he was somehow complicit in the world’s inequality. Now, he is much happier.

     2. They want their lives to have meaning and purpose

     I’ve got all the money I could ever dream of, but have nothing in my life that really excites me.

    – Anonymous Australian millionaire

    This millionaire wanted psychotherapy because his life lacked meaning and purpose. He was no longer able to become passionate about his relationships, hobbies or community involvement. After a few months of therapy, he felt happier. He had learned how to regain contact with nature, value his family time and become involved in community work. He felt less disconnected than before and that his life had some pleasure and purpose again.

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      3. They cannot enjoy any privacy

      Juan Rodriguez regrets winning the lottery because he now cannot go out without meeting people who either owe him money or want to owe him money! He cannot enjoy any privacy when he goes out and his life is very boring because he only has dogs for company and he no longer trusts even his own family.

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      Financial consultants say that with sudden wealth, the winners are very likely to ruin their lives in trying to cope with it. There seems to be high burnout rate among lottery winners.

      4. They wish they had looked after loved ones better

      Money will not change how healthy you are or how many people love you.

      – Warren Buffett

      Many self-made millionaires wonder what went wrong. They seem to have dropped the ball while they were so busy making all that money. They forgot to live life to the full and cherish their loved ones. When they ended up as super rich celebs, they suddenly found their lives were rather empty.

      As Warren Buffett says, the most important assets we own are our families, friends and partners.

      5. They wish they could trust people more

      Millionaires have plenty to worry about. They are always worried about who they can trust. They are concerned that friends may turn into sharks because of their wealth. They worry that their children may squander their fortune.

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      Alan Nunn won the Texas lottery and is generally fairly happy with his active and meaningful life. But one thing really worries him all the time: he doesn’t know whom to trust. He loves his sister but feels he cannot trust her.

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        6. They worry about their safety

        Many millionaires have to lay out considerable sums to protect themselves, all their properties and their loved ones. They live in fear and worry about robbery, violence and burglary, not to mention kidnappings.

        A Sicilian woman was very happy when she won £79m in the Italian lottery. But consumer groups made such a fuss that her identity was revealed. She had to go into hiding because she feared that the Mafia would come calling.

        7. They want to work

        It becomes an illness because you don’t have to support yourself, you don’t have to decide on a career, and you don’t have to worry about whether you can afford to do something, and it can become incredibly disempowering. It’s very bad for your self-esteem. You don’t feel as if you’re succeeding. You feel like a fraud, in fact.

        – Sara Robin, ex millionaire.

        Sara Robin inherited a huge fortune. She had a car at university and found that she gave lifts to everybody as a sort of penance. But the quote above reveals her unease with not having to really work for a living. She was missing out on so many things. She solved the problem by reinventing herself and set up a bike co-op. She also decided that her fortune was an encumbrance and she gave it all away to charity.

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          8. They wish they could savor the present moment

          Johnson2

            Did you know that 15.5% of the people in Singapore are millionaires? In the USA, that figure is only 4.5% while Switzerland is 9.9%. The interesting thing is that the Singaporeans are among the unhappiest people of the world and they come further down the list than people in Iraq, North Korea and Afghanistan.

            The problem many millionaires face is that they cannot step back from their rush to invest and save their money or give it to charity. They are thinking that this is the path to happiness and that there will be a long journey ahead. They become so absorbed in this that they can never savor the pleasures of life now.

            Let us know in the comments whether wealth could really change your life for the better and how you would cope with all the problems money might bring.

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            Featured photo credit: Mark Zuckerberg Keynote – SXSW 2008 /kris krug via flickr.com

            More by this author

            Robert Locke

            Author of Ziger the Tiger Stories, a health enthusiast specializing in relationships, life improvement and mental health.

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            Last Updated on April 11, 2019

            How to Improve Communication Skills for Workplace Success

            How to Improve Communication Skills for Workplace Success

            Possessing strong communication skills will help you in every phase of your life. This is especially true in the workplace.

            I have personally worked with several leaders who were masters of communication. A few were wonderful speakers who could tell a great story and get everyone in the room engaged. Those of us in attendance would walk away feeling inspired and eager to help with what came next. Others were very skilled at sharing a clear direction and job expectations.

            I knew exactly what was expected of me and how to achieve my goals. This was the foundation of an energized and vibrant role I was in. What I have found is strong communication skills are incredibly helpful and sometimes critical in how well we perform at work.

            Here we will take a look at how to improve communication skills for workplace success.

            How Communication Skills Help Your Success

            Strong communication skills pave the way for success in many ways. Let’s look at a few of the big ones.

            Create a Positive Experience

            Here are two examples of how well developed communication skills helps create a positive experience:

            When I first moved to the city I now live in, I began a job search. Prior to my first live interview, I was told an address to go to. Upon arriving at the address provided, I drove around and around attempting to find the location. After 15 minutes of circling and looking for the address, I finally grabbed a parking spot and set out on foot.

            What I discovered was the address was actually down an alley and only had the number over the door. No sign for the actual company. The person that gave me those very unclear directions provided a bad experience for me.

            Had they communicated the directions to get there in a clear manner, my experience would have been much better. Instead the entire experience started off poorly and colored the entire meeting.

            As a recruiter, I frequently provide potential candidates with information about a job I’m speaking to them about. In order to do this, I also provide a picture of the overall company, the group they might be joining, and how their role fits in and impacts the entire company.

            Time and time again I have been told by candidates that I have provided the clearest picture of a company and role they have ever heard. They have a positive experience when I clearly communicate to them. Even when the position does not work out for them, often times they will want to stay in touch with me due to the open communication and beneficial experience they had during the interviewing process.

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            Strong communication skills will provide a positive experience in virtually any interaction you have with someone.

            Help Leadership Skills

            It’s certainly a skill all its own to be able to lead others.

            Being a mentor and guiding others towards success is a major hallmark of great leaders. Another characteristic of effective leaders is the ability to communicate clearly.

            As I referenced above, having a leader who can plainly articulate the company’s mission and direction goes a really long way towards being the Captain of the boat that others want to follow. It’s like saying “here’s our destination and this is how we are going to get there” in a way that everyone can get on board with.

            Another critical component of everyone helping to sail the boat in the right direction is knowing what your portion is all about. How are you helping the boat move towards its destination in the manner than is consistent with the leaders’ vision?

            If you have a boss or a manager that can show you what it takes for not only you to be successful, but also how your performance helps the company’s success then you’ve got a winner. A boss with superior communication skills.

            Build Better Teams

            Most of us work in teams of some sort or another. During the course of my career, I have led teams up to 80 and also been an individual contributor.

            In my individual contributor roles, I have been part of a larger team. Even if you are in business for yourself, you have to interact with others in one manner or another.

            If you have strong communication skills, it helps to build better teams. This is true whether you are in an IT department with 100 other fellow programmers or if you own your own business and have customers or vendors you communicate with.

            When you showcase your robust ability to communicate well with others while interacting with them, you are building a better team.

            Now let’s jump in to how to improve communication skills to help you pave the way for your workplace success.

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            How to Improve Communication Skills for Workplace Success

            There are many tips, tricks, and techniques to improve communication skills. I don’t want to overwhelm you with too much information, so let’s focus on the things that will provide the biggest return on your time investment.

            Most of these tips will be fairly easy to become aware of but will take time and effort to implement. So let’s go!

            1. Listen

            Ever heard the saying you have two ears and one mouth for a reason? If you haven’t, then here’s the reason:

            Being a good listener is half the equation to being a good communicator.

            People who have the ability to really listen to someone can then actually answer questions in a meaningful way. If you don’t make the effort to actively listen, then you are really doing yourself and the other person a disservice in the communication department.

            Know that person who is chomping at the bit to open his or her mouth the second you stop talking? Don’t be that person. They haven’t listened to at least 1/2 of what you’ve said. Therefore the words that spill out of their mouth are going to be about 1/2 relevant to what you just said.

            Listen to someone completely and be comfortable with short periods of silence. Work on your listening skills first and foremost.

            2. Know Your Audience

            Knowing your audience is another critical component to having strong communication skills. The way you interact with your manager should be different than how you interact with your kids. This isn’t to say you need to be a different person with everyone you interact with. Far from it.

            Here is a good way to think about it:

            Imagine using your the same choice of words and body language you use with your spouse while interacting with your boss. That puts things in a graphic light!

            You want to ensure you are using the type of communication most relevant to your audience.

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            3. Minimize

            I have lunch with a business associate about 3 times a year. We’ve been talking for several years now about putting a business deal together.

            He is one of those people that simply overwhelms others with a lot of words. Sometimes when I ask him a question, I get buried beneath such an avalanche of words that I’m more confused than when I asked the question. Needless to say this is most likely a large portion of why we never put the deal together.

            Don’t be like my lunch business associate. The goal of talking to or communicating with someone is to share actual information. The goal is not to confuse someone, it’s to provide clarity in many cases.

            State what needs to be stated as succinctly as possible. That doesn’t mean you can’t have some pleasant conversation about the weather too.

            The point is to not create such an onslaught of words and information that the other person walks away more confused than when they started.

            4. Over Communicate

            So this probably sounds completely counter intuitive to what I just wrote about minimizing your communication. It seems like it might be but it’s not.

            What I mean by over communicating is ensuring that the other person understands the important parts of what you are sharing with them. This can be done simply yet effectively. Here’s a good example:

            Most companies have open enrollment for benefits for the employees in the fall. The company I work for has open enrollment from November 1 to 15. The benefits department will send out a communication to all employees around October 1st, letting them know open enrollment is right around the corner and any major changes that year. There’s also a phone number and email for people to contact them with any questions.

            Two weeks later, we all get a follow up email with basically the same information. We get a 3rd communication the week before open enrollment and another one 1 day before it starts.

            Finally we get 2 emails during enrollment reminding us when open enrollment ends.

            There’s minimal information, it’s more of a reminder. This is effective over communication.

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            5. Body Language

            The final critical component to how to improve communication skills for workplace success is body language. This is something most of us have heard about before but, a reminder is probably a good idea.

            When I am in a meeting with someone I am comfortable with, I tend to kind of slouch down in my chair and cross my arms. When I catch myself doing this, I sit up straight and uncross my arms. I remember that crossing arms can many times be interpreted as a sign of disagreement or conflict.

            In general, the best rule of thumb is to work towards having open body language whenever possible at work. This means relaxing your posture, not crossing your arms, and looking people in the eye when speaking with them.

            When you are speaking in front of others, stand up straight and speak in a clear voice. This will convey confidence in your words.

            Conclusion

            Possessing strong communication skills will help you in many facets of your life and most certainly in the workplace.

            Good communication helps create better teams, positive experiences with those we interact with, and are critical for leadership.

            There are numerous tactics and techniques to be used to improve communication skills. Here we’ve reviewed how to improve communication skills for workplace success.

            Now go communicate your way to success.

            More Resources About Effective Communication

            Featured photo credit: HIVAN ARVIZU via unsplash.com

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