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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

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            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 December 3, 2019

            10 Life Lessons You’d Better Learn Early on in Life

            10 Life Lessons You’d Better Learn Early on in Life

            There are so many lessons I wish I had learned while I was young enough to appreciate and apply them. The thing with wisdom, and often with life lessons in general, is that they’re learned in retrospect, long after we needed them. The good news is that other people can benefit from our experiences and the lessons we’ve learned.

            Here’re 10 important life lessons you should learn early on:

            1. Money Will Never Solve Your Real Problems

            Money is a tool; a commodity that buys you necessities and some nice “wants,” but it is not the panacea to your problems.

            There are a great many people who are living on very little, yet have wonderfully full and happy lives… and there are sadly a great many people are living on quite a lot, yet have terribly miserable lives.

            Money can buy a nice home, a great car, fabulous shoes, even a bit of security and some creature comforts, but it cannot fix a broken relationship, or cure loneliness, and the “happiness” it brings is only fleeting and not the kind that really and truly matters. Happiness is not for sale. If you’re expecting the “stuff” you can buy to “make it better,” you will never be happy.

            2. Pace Yourself

            Often when we’re young, just beginning our adult journey we feel as though we have to do everything at once. We need to decide everything, plan out our lives, experience everything, get to the top, find true love, figure out our life’s purpose, and do it all at the same time.

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            Slow down—don’t rush into things. Let your life unfold. Wait a bit to see where it takes you, and take time to weigh your options. Enjoy every bite of food, take time to look around you, let the other person finish their side of the conversation. Allow yourself time to think, to mull a bit.

            Taking action is critical. Working towards your goals and making plans for the future is commendable and often very useful, but rushing full-speed ahead towards anything is a one-way ticket to burnout and a good way to miss your life as it passes you by.

            3. You Can’t Please Everyone

            “I don’t know the secret to success, but the secret to failure is trying to please everyone” – Bill Cosby.

            You don’t need everyone to agree with you or even like you. It’s human nature to want to belong, to be liked, respected and valued, but not at the expense of your integrity and happiness. Other people cannot give you the validation you seek. That has to come from inside.

            Speak up, stick to your guns, assert yourself when you need to, demand respect, stay true to your values.

            4. Your Health Is Your Most Valuable Asset

            Health is an invaluable treasure—always appreciate, nurture, and protect it. Good health is often wasted on the young before they have a chance to appreciate it for what it’s worth.

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            We tend to take our good health for granted, because it’s just there. We don’t have to worry about it, so we don’t really pay attention to it… until we have to.

            Heart disease, bone density, stroke, many cancers—the list of many largely preventable diseases is long, so take care of your health now, or you’ll regret it later on.

            5. You Don’t Always Get What You Want

            “Life is what happens while you’re busy making other plans.” – John Lennon

            No matter how carefully you plan and how hard you work, sometimes things just don’t work out the way you want them to… and that’s okay.

            We have all of these expectations; predetermined visions of what our “ideal” life will look like, but all too often, that’s not the reality of the life we end up with. Sometimes our dreams fail and sometimes we just change our minds mid-course. Sometimes we have to flop to find the right course and sometimes we just have to try a few things before we find the right direction.

            6. It’s Not All About You

            You are not the epicenter of the universe. It’s very difficult to view the world from a perspective outside of your own, since we are always so focused on what’s happening in our own lives. What do I have to do today? What will this mean for me, for my career, for my life? What do I want?

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            It’s normal to be intensely aware of everything that’s going on in your own life, but you need to pay as much attention to what’s happening around you, and how things affect other people in the world as you do to your own life. It helps to keep things in perspective.

            7. There’s No Shame in Not Knowing

            No one has it all figured out. Nobody has all the answers. There’s no shame in saying “I don’t know.” Pretending to be perfect doesn’t make you perfect. It just makes you neurotic to keep up the pretense of manufactured perfection.

            We have this idea that there is some kind of stigma or shame in admitting our limitations or uncertainly, but we can’t possibly know everything. We all make mistakes and mess up occasionally. We learn as we go, that’s life.

            Besides—nobody likes a know-it-all. A little vulnerability makes you human and oh so much more relatable.

            8. Love Is More Than a Feeling; It’s a Choice

            That burst of initial exhilaration, pulse quickening love and passion does not last long. But that doesn’t mean long-lasting love is not possible.

            Love is not just a feeling; it’s a choice that you make every day. We have to choose to let annoyances pass, to forgive, to be kind, to respect, to support, to be faithful.

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            Relationships take work. Sometimes it’s easy and sometimes it’s incredibly hard. It is up to us to choose how we want to act, think and speak in a relationship.

            9. Perspective Is a Beautiful Thing

            Typically, when we’re worried or upset, it’s because we’ve lost perspective. Everything that is happening in our lives seems so big, so important, so do or die, but in the grand picture, this single hiccup often means next to nothing.

            The fight we’re having, the job we didn’t get, the real or imagined slight, the unexpected need to shift course, the thing we wanted, but didn’t get. Most of it won’t matter 20, 30, 40 years from now. It’s hard to see long term when all you know is short term, but unless it’s life-threatening, let it go, and move on.

            10. Don’t Take Anything for Granted

            We often don’t appreciate what we have until it’s gone: that includes your health, your family and friends, your job, the money you have or think you will have tomorrow.

            When you’re young, it seems that your parents will always be there, but they won’t. You think you have plenty of time to get back in touch with your old friends or spend time with new ones, but you don’t. You have the money to spend, or you think you’ll have it next month, but you might not.

            Nothing in your life is not guaranteed to be there tomorrow, including those you love.

            This is a hard life lesson to learn, but it may be the most important of all: Life can change in an instant. Make sure you appreciate what you have, while you still have it.

            More Inspiring Lessons

            Featured photo credit: Ben Eaton via unsplash.com

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