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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

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    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 January 21, 2020

            How to Motivate People Around You and Inspire Them

            How to Motivate People Around You and Inspire Them

            If I was a super hero I’d want my super power to be the ability to motivate everyone around me. Think of how many problems you could solve just by being able to motivate people towards their goals. You wouldn’t be frustrated by lazy co-workers. You wouldn’t be mad at your partner for wasting the weekend in front of the TV. Also, the more people around you are motivated toward their dreams, the more you can capitalize off their successes.

            Being able to motivate people is key to your success at work, at home, and in the future because no one can achieve anything alone. We all need the help of others.

            So, how to motivate people? Here are 7 ways to motivate others even you can do.

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            1. Listen

            Most people start out trying to motivate someone by giving them a lengthy speech, but this rarely works because motivation has to start inside others. The best way to motivate others is to start by listening to what they want to do. Find out what the person’s goals and dreams are. If it’s something you want to encourage, then continue through these steps.

            2. Ask Open-Ended Questions

            Open-ended questions are the best way to figure out what someone’s dreams are. If you can’t think of anything to ask, start with, “What have you always wanted to do?”

            “Why do you want to do that?”

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            “What makes you so excited about it?”

            “How long has that been your dream?”

            You need this information the help you with the following steps.

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            3. Encourage

            This is the most important step, because starting a dream is scary. People are so scared they will fail or look stupid, many never try to reach their goals, so this is where you come in. You must encourage them. Say things like, “I think you will be great at that.” Better yet, say, “I think your skills in X will help you succeed.” For example if you have a friend who wants to own a pet store, say, “You are so great with animals, I think you will be excellent at running a pet store.”

            4. Ask About What the First Step Will Be

            After you’ve encouraged them, find how they will start. If they don’t know, you can make suggestions, but it’s better to let the person figure out the first step themselves so they can be committed to the process.

            5. Dream

            This is the most fun step, because you can dream about success. Say things like, “Wouldn’t it be cool if your business took off, and you didn’t have to work at that job you hate?” By allowing others to dream, you solidify the motivation in place and connect their dreams to a future reality.

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            6. Ask How You Can Help

            Most of the time, others won’t need anything from you, but it’s always good to offer. Just letting the person know you’re there will help motivate them to start. And, who knows, maybe your skills can help.

            7. Follow Up

            Periodically, over the course of the next year, ask them how their goal is going. This way you can find out what progress has been made. You may need to do the seven steps again, or they may need motivation in another area of their life.

            Final Thoughts

            By following these seven steps, you’ll be able to encourage the people around you to achieve their dreams and goals. In return, you’ll be more passionate about getting to your goals, you’ll be surrounded by successful people, and others will want to help you reach your dreams …

            Oh, and you’ll become a motivational super hero. Time to get a cape!

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            Featured photo credit: Thought Catalog via unsplash.com

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