Principle #4: Wealth is not the end, just the means
Investing takes effort — and discipline. You’ll need a good reason to spend the time and to make the sacrifices you need to make. What is your reason? Why do you want to be wealthy? If your goal is simply to be rich, you will never be satisfied — there is always another dollar that could be earned, another scheme that could be invested in. You must find a deeper and more abiding purpose for being wealthy. Is there some dream inside you; something you enjoy doing, but are not free to invest in because you ‘have’ to work?
You have probably heard the story of the businessman and the fisherman (if not, choose one of these
If we are not careful, we can spend a lot of working on something that doesn’t bring us closer to our true desires.
These days, most investors have a ‘passive income’ as their first wealth aim — Kiyosaki calls this ‘escaping from the rat race’. When your investments return an income that you can live off, with minimal input required from you, you will be free to pursue your dreams — to live like the fisherman.
So, take some time, and think about what kind of future you want, and what kind of legacy you want to leave. Write it out, and keep it in the forefront of your mind when you need to make those difficult decisions. As Covey says, it is important to ‘begin with the end in mind’