What Is Rich?
How do you define rich?
I know lots of deliberate creators who are manifesting wealth, and maybe some of us already feel it – but what exactly is it to be “rich”?
Sarah Yost posted today about offering coaching to more than just the 1%. Which inspired me to pinpoint just who these 1% are everyone’s talking about.
Sure enough, it turns out I coach mostly 99 percenters. (The Washington Post defined the 1% as American households earning over $516,633.)
Last week Money Coach Christy Lambert led a brilliant call for Good Vibe U about aligning with being rich. It turns out “rich” isn’t what most of us think, at least according to how Thomas Stanley defines it in Stop Acting Rich: And Start Living Like a Real Millionaire. He defines rich as someone with a net worth over one million dollars.
And those millionaires don’t behave nearly the way you might have thought! They tend to live in homes valued under $300,000; they drive Toyotas and Fords; they shop at JCPenney and Kohls.
That’s not how I imagined people with a lot of money living. Which led me to wonder about what I think of as “rich.” And to wonder what it looks like to those of you manifesting financial abundance. How will you know when you’re there?
According to Global Rich List, I’m in the top 1% of rich people in the world. (I bet you’re way up there, too.) Robert Frank thought that Rich-O-Meter measure is more helpful when we look at just US income rather than global income.
But still, something doesn’t feel quite right to me about this definition.
While I’m reading all these numeric measures defining what it is to be rich, I can’t help but think of my Maui tour guide Butch from earlier this month. (Yes, Laura Gev, I’m milking it!)
Butch is a 22 year retired Army veteran from Arkansas, who arrived in Maui four years ago to visit friends. He never left.
And Butch doesn’t seem to make much money. I’m guessing he’s not a one percenter, anyway. A drunk tourist ran over his scooter, so he has no car. He showed us where he lives in Maui’s “ghetto.” (Could paradise really have a ghetto?)
Despite all that, I suspect Butch is one of the richest people I know!
I mean, he lives in paradise; he has interesting friends; he sees whales regularly and hangs out on beaches and is healthy and relaxed and enjoying life.
If that’s not rich, I don’t know what is!
So maybe google can’t define rich for me. Nor can Thomas Stanley. And maybe what I’m talking about is more “happiness” than “rich.”
Maybe for me happiness is worth focusing on more than financial measures.
In fact, Seth Godin suggests staying “blind to the metrics that don’t matter.” I agree with that, and yet notice I still have specific income goals every year. Studies say it’s easier to be happy if you have at least some money.
But Butch seems to be doing pretty well for himself. !!
I’d love to hear from fellow creators how YOU define rich and are manifesting wealth. Do you have income goals for 2012? What does it mean to you to be rich, exactly? And how do you measure that?