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Understanding The New Rich:

Understanding The New Rich:

It's always better to understand a new concept with the help of comparison. The difference between the Old and the New rich are:


Old: I want to work for myself

New: I want others to work for me.


Old: I want to work whenever I want to

New: I prevent work for work’s sake and do the minimum


Old: I want to retire young

New: I want to regularly distribute adventures and recovery periods throughout my life.


Old: I want to have more

New: I want to have more quality and less clutter.


Old: I want to have a lot of money

New: I want to make a lot of money for specific reasons with defined dreams

39

215 reads

MORE IDEAS ON THIS

Is Happiness 'Overrated'?

Is Happiness 'Overrated'?

As 99 per cent of the world believes they are incapable of achieving greatness, they aim for a mediocre life. The level of competition is fiercest amongst those battling to achieve “realistic” goals. Therefore, there is less competition for bigger goals. ...

38

126 reads

10 Rules (Changed) To Become The New Rich

10 Rules (Changed) To Become The New Rich

  1. Retirement is the worst-case scenario. 
  2. Distribute ‘mini-retirements throughout your life.
  3. Less is not laziness. Learn to do more in less time, take frequent off time.
  4. The timing is never right. Don't wait for 'someday.
  5. Ask for forgiveness, not permission. Pe...

43

213 reads

Dealing with interruptions: Learn to REFUSE and REJECT!

Dealing with interruptions: Learn to REFUSE and REJECT!

An interruption is anything that prevents the completion of a critical task. The three main reasons for interruption are:

  1. Time wasters
  2. Time consumers
  3. Empowerment failures

To deal with these, try using the following methods:

  1. Create...

36

102 reads

Analyze the "worst-case-scenario", And Harmonize With It

Analyze the "worst-case-scenario", And Harmonize With It

Imagine the worst-case scenario in detail. Then, work out how you could salvage your life if the worst came to pass.

Ask these questions to assess:

  1. What is your absolute worst-case scenario?
  2. What could you do to repair the damage if this came to pass?
  3. What are the...

35

129 reads

Time management: Do You Really Need It? A New Perspective!

Time management: Do You Really Need It? A New Perspective!

You shouldn’t be trying to fill every second with work. Now that you’ve thought about what you want to do with your time, you’ve got to find a way to create more free time while maintaining or increasing your income. The key is to remember that what you do is infinitely more important tha...

36

111 reads

Automate Things: Work On The Time Factor Of The New Rich.

Automate Things: Work On The Time Factor Of The New Rich.

One of the most critical skills necessary for becoming a member of the New Rich is learning how to communicate. Within the system, develop automation that could do the work that might have required your presence. To automate:

  1. Hire an assistant.
  2. Start small but think big. e Exam...

35

100 reads

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We are just another couple of engineering students who love to explore new ideas in the fields of Tech, Productivity, Self improvement & Entrepreneurship

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1. DEFINE Or DESIGN RECIPE - Goals For The New Rich Should Be-

1. DEFINE Or DESIGN RECIPE - Goals For The New Rich Should Be-

  • Not to retire early or young, but to distribute recovery periods/adventures/mini retirements throughout life on regular basis
  • Not to be the boss/employee/incharge, but the owner. To own the trains & have someone else ensure that they run on time
  • Not to make money only, but to...

10 Rules (Changed) To Become The New Rich

10 Rules (Changed) To Become The New Rich

  1. Retirement is the worst-case scenario. 
  2. Distribute ‘mini-retirements throughout your life.
  3. Less is not laziness. Learn to do more in less time, take frequent off time.
  4. The timing is never right. Don't wait for 'someday.
  5. Ask for forgiveness, not permission. Pe...

What early retirement means

What early retirement means

Early retirement is not defined as when you stop working forever, but as having the freedom and flexibility that saving up enough money can give you if you want to leave a job.

The idea that when you retire, you are done working is an old school idea. Working is actually g...

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