Since becoming a mother I have become interested in creating wealth. I figured that the best place to learn about wealth is from wealthy, successful people. I am about to share with you what I’ve learned, so far.
Let’s start with advice from the world’s second richest man on earth.
That would be Warren Buffet, according to Forbes. A group of business graduates asked him for advice on getting rich. His response was; “I may have more money than you, but money doesn’t make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you.” He is 78, with a net worth of $37 billion and still goes to work each morning! This guy must really love what he does.
Although the students inquired about getting rich, Buffet gave them advice on success; which I define as being happy, healthy and wealthy.
There are plenty rich people who are neither happy nor healthy. Pick a tabloid and read about the latest celebrity who has landed in a clinic because of an addiction to prescription meds or an emotional meltdown. In fact, often health and happiness are the price you pay to stay rich. After all, the more money you have the more opportunities you have to lose it.
The recent financial crisis demonstrated, dramatically, that being rich doesn’t mean you are wealthy, either. Look at all the people with the Porsche for daddy, Range for mommy, Beemer for the kids and the big house in a gated community to park them in, who turned out to be only 3 interest rate hikes away from financial ruin. As Roger Hamilton observes, “wealth isn’t how much money you have; it’s what you’re left with if you lose all your money”.
Roger Hamilton is a speaker, author and consultant on wealth creation. He says that wealth attracts money, but money does not necessarily attract wealth. Take Donald Trump. He was a billionaire in the 1980s, lost it all in the 90s and now has it all back. Donald Trump has wealthy. The 52% of lotto winners who become poor within years of winning, on the other hand, don’t.
You don’t even have to know how to make money to become wealthy. Mother Teresa was wealthy. She was a nun but she raised millions for her causes. Same goes for Nelson Mandela. When Madiba needs money all sorts of influential people go out of their way to raise it for him. What does Mother Teresa and Mandela have in common with Donald Trump? Money comes to them. Money is attracted by value and there is no doubt that all three created value, albeit in different spheres.
A few weeks ago I attended a talk Roger Hamilton gave, during which he reiterated Warren Buffet’s lesson. He joked, “Don’t you hate it when rich people tell you that it is not about the money? Well, it isn’t. ” According to Roger the key is to
(a) find something that you love,
(b) that you are or can get good at and
(c) figure out how you can use it to create value for others, and the money will come.
This is so similar to what the famous mythologist Joseph Campbell taught in the 70s. He advised his students; “Follow your bliss. If you do follow your bliss, you put yourself on a kind of track that has been there all the while waiting for you, and the life you ought to be living is the one you are living. When you can see that, you begin to meet people who are in the field of your bliss, and they open their doors to you. I say, follow your bliss and don’t be afraid, and doors will open where you didn’t know they were going to be. If you follow your bliss, doors will open for you that wouldn’t have opened for anyone else”.
It looks to me that a simple way to follow all this advice is by focusing on fulfilling your life purpose.
Everybody on earth has a mission to fulfill, a purpose, which is unique to them. Your life purpose always entails the use of your talents, strengths and passions. In fact, another perspective is that, you are drawn to these things because they serve your mission. Fulfilling your life purpose checks all the boxes: It always involves something you love, thus pursuing it makes you happy, and because it involves the use of your inherent talents it is something you either are or can get good at, making it easy for you to create value with it – and of course, where there is value money flows.
What is your life purpose is? Are you living your purpose right now? Would you like to?