Since the very beginning of Financial Samurai, I’ve sought to delve into the psychology of wealth by focusing on stories about wealth and moving beyond numbers. My favorite is, “The Curse Of Making Too Much Money And Not Pursuing Your Dreams“. It’s infinitely more interesting to learn about what makes people happy, and what wealth means to everyone.
Most of us are born into relative wealth given America, Australia, and the United Kingdom, are where most of you readers hail from. There are hundreds of millions more people born into relative poverty and can’t get out. Go anywhere in India for a couple weeks and it will change your appreciation of what you have, forever. You’ll probably no longer complain about why you don’t make X, and you’ll likely lose some weight as well upon realization of so much waste.
The psychology of wealth is more than just having a net worth of $1 million dollars by the time you retire. That’s pretty straight forward if you have your head on straight the day you graduate from college. The psychology of wealth is about being wealthy, no matter how much money you have. It’s about “understanding your relationship with money and achieving prosperity,” as Dr. Richards writes.