by Dr. Jeffrey Lant
One day years ago when I was having dinner with her in New York City, the celebrated entertainer Pearl Bailey told me in her inimitable way: “I’ve been rich. And I’ve been poor. Rich is better!” We laughed… and the conversation went on, but the comment reverberated: “Rich IS better!”
EVERYBODY wants to be rich, of course; that’s a given.. However, being rich is not a condition; it’s a process that each and every wealthy person must master. If not, this is what happens: “A fool and his money are soon parted.” That will never do.
“The rich are different than you and me.”
The writer F. Scott Fitzgerald, who wanted so very desperately to be rich, knew whereof he spoke. It’s not just that they have money.. it’s that they know how to use it for maximum comfort and convenience. You probably don’t.
The average un-rich person thinks that being rich is like a fairy tale; once you’re rich you simply live happily ever after. Nothing could be further from the truth. The business of being rich takes constant work, dedication, knowledge, and professional assistance. Being rich is a job, and like all jobs there are those who can do it successfully and there are those who cannot.
Rich people have help. You don’t.
The “silver fork” novels of the early 19th century deal endlessly with “the servant problem.” It’s easy to see why. When you have the means, you want the help; but this help needs constant management.
Do you know how to select, manage and maintain
* house cleaners * chauffeur * cook * people to run your errands * and those to take care of clothes and personal effects?
Rich people have the luxury of being waited on. However, such assistance comes at a price. People who serve you have substantial access… and they can use this access for good or will. There is an old saying: “No man is a hero to his valet.” As a wealthy person, you will want an enhanced level of service… but will you be ready for the diminished privacy this brings?
You must have financial representatives and ensure they produce for you
Money cannot simply be earned and left to itself; its increase must be your constant objective and goal. That’s why each and every rich person on earth has one or (more likely) more financial representatives. It is only in fairy tales where “the king is in the counting house….” In real life, that’s where his “people” hang out… preparing reports showing escalating wealth or grounds for concern.
Rich people understand that money, properly handled, begets more money. Thus, selecting and working with smart people who can take your fortune and increase is key.
Who have you got advising you these days and are they proving by tangible results that they are worthy of assisting you grasp and maintain the lifestyle you truly want?
These representatives must deal with
* your current income requirements
* tax issues
* estate issues.
Because of their pivotal importance in your life, you must be prepared not just to select them, but oversee and manage them too. This is one of the crucial aspects of your new life as a rich person. It’s not all champagne and yachts, you see, and only the uninitiated are so naive to think so.
Prepare for the exigent, the wheedling and those who feel you should support them because YOU are rich!
People without means have the enduring belief that the rich are here for their benefit, with the result that rich people find themselves the focus of constant, annoying wheedling by the down-at-heel.
Count on it: your riches will draw forth a legion of beggars, distant family, long-ago friends… and never-ending solicitations from endless “worthy” causes and organizations. Be prepared to learn how to hear with attention but refuse without regret.
Being rich will change you in ways subtle and substantial.
* You will not have to dream. Instead, you can plan.
* You will have at your disposal the most important thing in life: choice
* You will know deference, an enchanting thing the poorer never receive.
What’s more, as compound interest, time, and financial growth work for you, you will surely know the best is yet to be!
About The Author
Harvard-educated Dr. Jeffrey Lant is CEO of Worldprofit, Inc., where small and home-based businesses learn how to profit online.
Attend Dr. Lant’s live webcast TODAY and receive 50,000 free guaranteed visitors to the website of your choice.
Republished with author’s permission by Graham Lee – The Income Zone
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