If you absolutely love what you do for a living, how can you imagine life without it?
There was a survey conducted a few years back by Spectrem Group, a wealth research firm, where Robert Frank of CNBC reported on that, “America’s highest earners don’t plan on retiring until they are at least 70 years old. Lower-income groups—and even those considered “affluent”—plan to retire much younger.”
George Walper, president of Spectrem, said that the main reason for the retirement-denial of the rich is that “many of them are entrepreneurs who love their work and can’t imagine life without it.”
He goes on to say, “Most of these people enjoy working and are very involved in their businesses. To them, it isn’t really work.”
However when it comes to people in lower-income groups, he said, “a job is a job—it’s a more traditional experience.”
Keep in mind, most of the respondents to that survey were entrepreneurs and business owners who had annual earnings of $750,000 or more. They can retire in no time and live perfectly fine for the rest of their lives. But as the survey suggests, that’s not the case.
They simply love their work, and just can’t imagine life without it.
I guess there’s a reason the rich get richer and the poor get poorer. Isn’t it interesting how much of that truth revolves around how much you love what you do?
Maybe one of the best Captain Obvious lines states that “the rich get richer because they do the things that make them richer, and the poor get poorer because they do the things that make them poorer.”
Building a business increases your chances of becoming rich
“Nobody ever got rich working for somebody else. So we’re going to start our own business!” ~Spanky (2014 The Little Rascals Save the Day)
There’s obvious value to thinking like an entrepreneur if you have a goal of living a wealthy life.
We already know that more than 70% of America’s first generation millionaires are entrepreneurs and business owners. So it makes sense that becoming an entrepreneur would be an ideal path if you wanted to increase your chances.
And we know that many entrepreneurs have given up on the idea from past failed attempts at starting their own businesses. Even though becoming wealthy and living their dreams is still in their hearts they’ve settled doing unfulfilling work.
However, these are the individuals that will soon become the most miserable if they don’t snap out of it, because they’ve already tasted freedom, and now they feel trapped.
The best solution for these individuals is to just get up and try again. To remember the old proverb that says “if you fall down seven times, you get up eight times.”
And to also remember that behind every successful person is a story of many failures.
Finding meaning will build your business
If loving your work is the main component to becoming wealthy, then living with purpose from a holistic perspective is something you might want to consider.
Dan Miller of 48 Days, says that “all areas of your life spiral together.”
When one area is down it takes the other areas down with it. The best way to move your purpose needle is to start setting meaningful goals and investing extra doses of effort into all of your life areas; particularly in the areas that are already doing well.
This form of intentional living can’t help but create a spiraling upward effect for even the areas, such as your professional life or financial obligations, that might be currently suffering .
When you find meaning in your life, you’ll soon find meaning in your work.
How meaning comes from your story and it’s core message
The story is where it all begins. This is where that buried entrepreneur can identify and create the next version of themselves.
When you have a story to tell, there is an emotional experience going on in the background that connects with something powerful you can bring to the world.
Identifying with this message will ignite something incredible inside of you that no matter what you build it will come from your heart.
Your heart is where you need to focus if you want to become wealthy and experience “retirement-denial”.
But here’s the other argument.
Yes, the rich can’t imagine life without their work because they love it. However, if you’re not rich yet, sacrificing your entire given “one-shot” life settling in unfulfilling work, just for the chance of a couple of happy years – if you live that long – how can you imagine life at all?
Isn’t it interesting how many of us are working in jobs we dread while saving our hard earned dollars for a day we might or might not even see?
And isn’t it even more interesting that it’s mostly the ones who are averse to risk taking and gambling at high stakes?
How much of a higher stake can you gamble than your own life?
By getting connected to your heart, your story, your message, what’s meaningful to you, you can actually have the chance to build a foundation with work that you love doing and can’t imagine life without.
That’s where you will find true wealth, and where financial wealth can’t help but eventually become the by-product of a successful life.
Retirement is not how rich people finish, and neither are you finished.
So what’s your core message, and how can that influence meaning in your life, so you can build a successful business that counts you among the truly wealthy who can’t imagine life without their work?