Jun
29

Wealth Is Not Just For You

Posted in Money

While I am sure you can find a lot of fine reasons why massive wealth will make you happier and more passionate about life, I would like to use this article to point out some of the reasons why you should make massive wealth a goal in your life to benefit others.

Give your wealth away

Recently the world’s second richest man, Warren Buffet, decided he would give away 85% of his massive wealth (44 billion US dollars). This is a straight forward example of how others can benefit from your wealth - you can give it to them. In Buffet’s case it is coincidentally also a nice way to sell his stocks without sending a horrible signal to the stock market about his trust in Berkshire Hathaway. By giving away your wealth you will also enjoy the satisfaction of contribution and following Anthony Robbins’ idea of the 6 human needs (of which contribution is one) - contribution is essential in order to feel satisfaction in a deep and profound way.

Provide security for those you love

With massive wealth come benefits from the sheer size of your wealth. If you have set up a secure and diverse portfolio of investments that provides your income, you can be sure that if the worst thing should happen (that you die), your family will still be provided for - and you do not even need a life insurance! Financial security will also be a massive psychological benefit for both you and your loved ones - when fear of financial trouble is simply not an issue, it will become easier to relax and enjoy the other challenges of life, challenges that are probably a lot more rewarding anyway. This gift of financial security, even in the worst circumstances, is one you can give by becoming wealthy.

Spread happiness

Although you are in no way guaranteed to become happy by becoming wealthy, I think it is safe to say that money can be very useful for living your dream life and this in turn will lead to a happier life. Being happy and passionate about life is infectious and sharing your happiness with others is the natural thing to do. This is actually just another form of contribution and I think Mother Theresa puts it well:

Every time you smile at someone, it is an action of love, a gift to that person, a beautiful thing.

Spend your time wisely

Being wealthy also frees up time for you that can be used on altruistic activities. When you no longer need to work 9-5 just to keep yourself and your family financially afloat, doing activities for the common good instead of for money suddenly becomes a viable option. You can focus your intellect on developing a cure for cancer, you can teach children topics they do not learn in school, you can help old ladies cross the street, you can start a political career with a focus on helping the victims of our evermore hectic and cut-throat society, you can provide free consulting and investment money for aspiring young entrepreneurs. Probably you can come up with even better suggestions for what your activities will be when you become massively wealthy, but that was just a list to get you started :)

Speak up for what you believe in

When you have worked hard for your wealth, another benefit of being massively wealthy is that people will automatically associate you with wisdom and experience. This means that you will reach a wider audience when you say something and you might even get the media to spread your message. You can use this powerful fact to further the causes you believe in: by donating five-sixths of the 85% to the Bill & Melinda Gates Foundation, Warren Buffet also sends a powerful signal that he consider the foundation a worthy cause. This principle applies to all who are famous and if you become really famous through your wealth, all you have to do is show up at key events to show your support, the media will take care of the rest.

Wealth is not evil

With all these examples of ways to benefit others by becoming wealthy, it is clear that being wealthy can be a noble goal. All statistics show that it is when people are very poor that crime (and acts of violence in particular) is rampant, not when people are wealthy. You decide whether your goal of being wealthy is evil or noble by your reasons for wanting it. Even if your dream of becoming wealthy was at first born from egotistical reasons, you can still decide to make it noble - start to dream of all the worthy causes you can help instead of all the fancy bling bling you will get. For most people I think that is also a more empowering reason to become wealthy and you can still spend your wealth on material goods, just do not make that the sole reason for acquiring wealth. I consider my goal of becoming wealthy a noble one and you should consider yours a noble one too!

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  1. I love your article… and I love you (L)

    Nille

    Comment by Pernille Mehlsen — June 30, 2006 #

  2. Hey Great Post,
    I been personally involved in human development for many years and from my own experiences of wealth, i have found that service and contribution is the key to fullfillment and happiness in your life. I believe and teach the abundance in life, and absolutely agree with you with respect to spending your time and resources for the greater good. I think this post will benefit many people. I love to share my own personal experiences with you in my blog over here if your interested.
    best regards
    kristian hahndel

    Comment by Kristian Hahndel — August 14, 2007 #

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