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A Comfortable Life Ask any middle aged person what their financial goals are and at the top of the list you are sure to find a goal that is based around having a comfortable life, free of financial worry.
You see, most people have no desire to become millionaires, unless by way of a windfall or inheritance. While many people might fancy the idea of suddenly being wealthy beyond their dreams, the thought of having to create that wealth themselves is enough to scare them into mediocrity. The reason is, creating wealth involves three basic ingredients most people lack:
• The ability to seek out and follow through on opportunities
• The willingness to take risks
• The ability to manage cash flow (money coming in and money going out).
Financially savvy people are those who have these skills and use them to create substantial wealth. Such people are a minority of the population. Their substantial wealth doesn’t necessarily mean, however, that they have a more enjoyable life than those whose aspirations are not quite so grand.
Having a comfortable life has less to do with how much wealth you have stored up and more to do with your state of mind. Happiness comes mostly from good relationships with others and your emotional well being.
At the most basic level, being comfortable means having enough money set aside to cover any unexpected expense or loss of income, and being able to keep your outgoings to an amount that is less than your income. Anybody who can achieve these two things has the potential to have a comfortable life, free of financial worry.
The most magical thing about getting to this most basic level of comfort is that once you reach it, your life begins to get more and more comfortable as your wealth grows!
9 March 2010
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