by Richard E. Reyes, CFP
Truth # 87 You Are Already Rich
As you live each day you must understand that in reality you are already rich. In comparison to all of the humanity that has inhabited this planet in the past and today, you already have vast amounts of wealth available to you. If you really stop and think even the most poorest in this country have access to food, clothing,education,shelter,technology,and freedom; this all is unimaginable to the masses in the world today without basic running water or sanitary living conditions. Even the Kings of thousands of years ago could scarcely imagine the wealth we have today.
Truth #98 Money Isn’t Everything But it Ain’t All that Bad Either
We must also understand that money is neither inherently good nor evil. It can’t bring happiness and love into your life. For many, a large amount of money creates pain, suffering, stress, and worry. So too can an extreme lack of money. Life’s great challenge is to use money to do good in your life and also in the life of others. If you are able to achieve this, then your life will be truly blessed.
Truth #48 Comparison to Others is the Root of Our Discontent
So as we take this into account, we need to understand that there will always be “others” with more assets, money, and larger portfolios, as well as, there will be “others” with less. We are doomed to disappointment because if we concentrate on comparing ourselves to others, this comparison will destroy the joy of having and using what we already have.
So to summarize from the book Dirty Filthy Lies My Broker Taught Me and 101 Truths About Money and Investing
#1 You are already rich
#2 Money isn’t everything but it ain’t all that bad either
#3 Comparison to others is at the root of our discontent
If you are looking for a brief, plain-English introdution to investing, don’t forget to BUY my book, Dirty Filthy Lies My Broker Taught Me & 101 Truths to Money and Investing. Order my book now and I will also send you my Investor Awareness Guide and listen to our The Seven Deadly Investor Traps that Destroy Your Wealth and the Three Power Strategies to Fix Your Portfolio Fast! These materials will equip you with the information you need to begin putting your investment experience back on track.
Wealth and Business Planning Group, LLC (The Financial Quarterback™) is a Registered Investment Advisor in the State of Florida that provides Fee Planning and Asset Management. Depending on your state of residence, Wealth and Business Planning Group, LLC (The Financial Quarterback™) may not be able to immediately provide services. For more information go to www.thefinancialqb.com. Richard E. Reyes, CFP is an Investment Advisor and President of Wealth & Business Planning Group, LLC (The Financial Quarterback™).