Why You Can Be Happy and Rich?
Understanding how happiness gives you a competitive advantage
Have you ever heard someone say, “I’d rather be happy than rich?” How about, “Once I’m rich, I’ll be happy?”
Both statements are false dichotomies. After all, I’ve known plenty of people who were poor and miserable, and I’ve also known plenty of people who were rich and miserable.
Being rich or poor isn’t the pre-requisite to happiness, though having money does help. (Anyone who doesn’t agree has probably never been homeless before and begged for food.)
A few weeks ago on the Rich Dad Radio Show, Robert and I had the privilege of interviewing Shawn Achor, the author of The Happiness Advantage.
In that interview, Shawn discussed how ancient Greeks didn’t believe happiness was about pleasure. In today’s world, it’s not about getting a promotion, buying your dream car, being rich and retiring young. As President John F. Kennedy summed it up, it’s about “…the full use of your powers along lines of excellence.”
How happiness helps you win
After years and years of research, Shawn has discovered as a scientific fact that it isn’t our accomplishments that make us happy. Rather, it’s our happiness that fuels our accomplishments.
This is why Robert shares that when he was in the process of becoming rich, when he was in the game, he was happy. But a few years ago, once he had attained everything he had set out to accomplish, he began to battle depression. He had fundamentally misunderstood that happiness doesn’t come from what we have, but rather our happiness allows us to attain all that we have by changing our perspective on the world.
You can choose to be happy
In his book, Shawn shows how choosing happiness through small actions performed consistently each day, such as thinking of three new things we’re grateful for and cataloguing them for twenty-one days, can literally rewire our brains. This change in perspective can significantly improve how our brains function in terms of strategic thinking, creativity, problem solving, and more.
In essence, happiness becomes our competitive advantage as we biologically outperform those around us who lack happiness and indulge in pessimism.
You hold the key to success
So, if you’re looking for that key advantage in your own life, business or financial portfolio, you need to look no further than yourself and your own happiness. Everything else will flow from there.
Six Reasons Why It’s Easier Than Ever for Anyone to be Rich
Leveraging a little to make a lot
The media today is filled with articles talking about the growing income gap between the rich and the poor. Income inequality is all the rage, fueling the campaign of Bernie Sanders and giving birth to thousands of articles with stats like these found in “Economic Inequality: It’s Far Worse Than You Think ,” published in Scientific American:
The average American believes that the richest fifth own 59% of the wealth and that the bottom 40% own 9%. The reality is strikingly different. The top 20% of US households own more than 84% of the wealth, and the bottom 40% combine for a paltry 0.3%. The Walton family, for example, has more wealth than 42% of American families combined.
This is no surprise to me. For years I’ve been predicting that the middle class is toast and that the rich will get richer while the poor get poorer. Rather than get angry, however, I decided long ago to get smart about money and investing.
Today, I believe it’s easier than ever to get rich, if you’re financially smart. Here are six reasons why:
1.-The Internet is making a world of customers available to most of us.
2.-The Internet is creating more businesses beyond the Internet. Just as Henry Ford created more business because his mass-produced cars had a ripple effect, the Internet will likewise magnify its effect. The Internet makes it possible for 7 billion of us to become a Henry Ford or Bill Gates.
3.-In the past, the rich and the powerful controlled the media. Now with the Internet, each of us has the power to access different media sites.
4.-New inventions breed more new inventions. An explosion of new technology will make other areas of our lives better. Each new technological change will allow more people to develop more new and innovative products.
5.-As more people become prosperous, they will want to invest more and more money into new start-up businesses, not only to help new business, but also to share in the profits. Today, it is hard for most people to grasp the reality that there are literally tens of billions of dollars looking for new, innovative companies to invest in every year.
6.-It does not have to be high tech to be a new product. Starbucks made a lot of people rich with just a cup of coffee, and McDonald’s became the largest holder of real estate with just a hamburger and fries.
Teach To Be RICH by Robert Kiyosaki