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How Cherishing Experiences Can Make You (Feel Like) a Millionaire

How Cherishing Experiences Can Make You (Feel Like) a Millionaire

This year, the holiday season is different for me, and many of the people I know. Times are tough.

Did the economy ever really bounce back? Wasn’t the world supposed to end? Is the upcoming year going to be better than the last?

But, most of all, this year is different because I’ve realized that I want more.

I Want More

This past year, I’ve come to an important conclusion: I want more out of life.

I want more out of every day—my career, my relationships, my body. I want better.

I want to feel more—fulfilled, free, happy, significant, healthy.

I want to do more to contribute, make an impact, help others, and exercise.

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I want to learn more about entrepreneurship, leadership, technology, and writing.

I want more, but there’s a problem: I’m not always sure how to go about it.  What am I to do?

The answer is easier than you’d image: choose experiences over spending.

Our lives are formed by the choices we make: we choose what to make of our lives, and how to spend them. We choose how to spend our money, and how to spend our time—nobody is taking either of things without our explicit consent. The choice to live a better life can start now—today, during this new year season.

Here’s the choice I’m making today:

I want my experiences to be front and center—not the stuff that piles up around me.

Are you with me?

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If you want more out of life, you can make a similar choice today. Choose experiences over spending on stuff and see how quickly things change.

a millionaire

    The Ultimate Test: When We Go

    I remember that my grandmother liked to repeat a saying that used to creep me out when I was small, but now it has helped to put my life into perspective more than I ever imagined. She’d say:

    “You’re not taking your gold with you to the grave.”

    I don’t think she meant to say that money isn’t important, but I definitely don’t think she meant we should go on a spending spree. After all, we do need to eat, bathe, and so on. The meaning behind her ghoulish words is closer to encouraging appreciation of what we have while we have it. Guided by this concept, it’s easy for me to make quick decisions on what I want for my life: for example, there are things in life we may consider to be too expensive, but are worthwhile:

    I want to meet amazing people, but traveling to a conference costs a considerable amount of money.

    I want to have a wonderful night with my husband, but we can’t afford to go to a fancy restaurant.

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    I want to hang out with my closest friends, but they live all over the world.

    I want to see new places, but traveling is so costly.

    My dreams about experiences I desire the most are completely quashed due to lack of funds. It doesn’t seem fair—or right.

    How about we chuck that logic and find a new way to experience a great life? How about we put money aside and create those experiences ourselves?

    I’m Not a Millionaire, But I Want to Feel Like One

    When I analyze all of the things I want to do and buy with money, I realize that what I am really trying to chase down is a feeling.

    Last I checked, we don’t pay for feelings with money. We pay for them with experiences, so let’s take those examples from above and find ways to accomplish them without spending a dime.

    I want to meet meet amazing people, so I’ll organize informal meetups at a coffee shop, and invite thought-leaders in my city.

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    I want to have a wonderful night with my husband. Who says you can’t break out of the routine at home? I’ll plan an awesome meal at home and have a ridiculously bad dance party.

    I want to hang out with my closest friends. If they’re abroad, I’ll videochat with them regularly. Being there for each other and laughing is all that matters, even if it’s not in person.

    I want to see new places. I can get to know new areas in my community, while I budget for long-distance trips.

    Sure, these modifications require some sacrifices—traveling within my community is not the same as visiting Michelangelo’s David in Florence, but it’s a good start. By focusing on the feelings I desire, I’ve changed my approach: experiences can make me feel amazing—much more than spending money. Being a millionaire must be amazing, but there’s nothing like enjoying the experiences at my fingertips.

    The feelings I desire can come true without spending the big bucks. Who knew!?

    Featured photo credit:  Young beautiful couple kissing at the sea. Wedding kiss. via Shutterstock

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    Last Updated on January 21, 2020

    How to Develop a Millionaire Mindset in 6 Simple Steps

    How to Develop a Millionaire Mindset in 6 Simple Steps

    We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

    It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

    How do you go about developing that millionaire mindset? By following these simple steps:

    1. Focus On What You Want – And Take It!

    So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

    Millionaires play to win, not to avoid defeat.

    This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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    2. Become Goal-Orientated

    It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

    Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

    Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

    Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

    You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

    If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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    If you are to become a millionaire, you need to start accumulating money.

    Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

    3. Don’t Spend Your Money – Invest It

    The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

    Stop working for your money and make your money work for you.

    Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

    There’s not just the stock market — there’s also property, and your own education.

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    4. Never Stop Learning

    The best thing you can invest in is yourself.

    Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

    Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

    Learn everything you can about how economics works, how the stocks markets work, how they trend.

    Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

    Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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    5. Think Big

    While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

    There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

    Aim for the stars, if you fail you’ll still be over the moon.

    6. Enjoy the Attention

    To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

    Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

    If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

    Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

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    Featured photo credit: Austin Distel via unsplash.com

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