you finally got that big raise or fat contract you were hoping for you're eating out more often and buying nicer things but are you really becoming rich it's hard to tell because the signs of wealth aren't always so obvious here are a few subtle signs that you may be getting richer than you realize sign number one you don't obsessively check your bank account we've all been there before it's a couple days until your next paycheck hits your bank account and you're hoping that no unexpected expenses come your way as you try and make your last
$20 count if you felt this anxiety before then you'll know just how crippling it can be to your mental state fortunately if you're making the right financial decisions you won't have to live like this forever as your financial situation improves you'll find that you're less concerned about the cost of small purchases instead of agonizing over whether you can afford that cup of coffee or a new shirt you're more likely to Simply buy what you want without giving it a second thought this is a subtle sign that your overall Financial picture is looking Rosier it's also
an indication that you're starting to feel more confident about your ability to man manage your money not to get overly personal but I've struggled financially before and am not a stranger to the paycheck to paycheck lifestyle I know what it's like to put that candy bar back on the Shelf I know the sinking feeling of a negative bank balance and I know how demoralizing it can be to work an entire month at a job you hate with absolutely no Financial progress to show for it however keep in mind that it is normal to feel a
bit apprehensive about spending money when you're trying to save up or get out of debt but once you've reached a point where you're comfortable with your financial situation you'll likely find that you're less concerned about the cost of everyday items you'll no longer Mark Payday on your calendar you'll no longer asked to split the bill with a friend when you go out these small instances of financial progression reduce the friction in our lives and free up a ton of mental bandwidth therefore once you reach the state enjoy your new found Financial Freedom and don't be
afraid to treat yourself to the occasional latte or new pair of shoes because you've earned it sign number two you don't Define wealth by a number for a long time I defined wealth by a number I thought that if I could just make x amount of money I would be happy and successful but as I started to make more money I realized that wealth is not just about a number it's about your lifestyle and your ability to enjoy your life when I was making less money I was always stressing about bills and worried about how
I was going to make ends meet if you've ever felt this way before let me know by hitting that like button below now that I'm making a little more money I don't have to worry about those things as much I wouldn't consider myself s rich but I can travel and buy things that make me happy here's an example let's say you've been working hard to save up for a down payment on a house you've made sacrifices put in extra hours at work and cut back on your spending in order to reach your goal but after
years of saving you finally have enough for the down payment and you're able to buy your first home at this point your definition of wealth has changed it's no longer just about having a certain amount of money in the bank instead it's about having the stability and security that comes with owning your own place Place another great example of this is reaching Financial Independence it's probably not news to you that many people in the workforce hate their jobs as such they've attached a number to their freedom and work to get one step closer to it
every single day however once they get there what they see is wealth changes they already have the money to live a workfree lifestyle and now being wealthy is using that freedom to enjoy all the aspects of life that mean the most to them when you begin to realize that wealth is not about a number it's about your life lifestyle and your happiness you'll be on the path to True wealth sign number three you have a sense of inner peace there's a subtle sign that you're getting rich that most people don't notice it's a sense of
peace that goes on in the background of your mind what do I mean by this well when you're poor there's a constant background hum of anxiety you're worried about money about making ends meet about not being able to afford things this anxiety can be so constant that you don't even realize it's there but it is and it takes a toll on your mental and emotional health that's why I personally think one of the worst things about not having money is the lack of peace I know for myself personally when I was struggling to make ends
meet every email from my boss made me worried I was going to get fired and every noise my appliances made in my house had me praying that it wasn't about to break this is no way to live life however when your finances aren't where you want them to be feeling this way is basically inevitable when you start to experience Financial abundance however that background hum of anxiety begins to dissipate you no longer have to worry about money all the time you can relax and enjoy your life more so when you get an email from your
boss you can focus on the task at hand as in the worst case scenario you change jobs while relying on your ample emergency fund to help tide you over or if that 10-year-old Appliance does finally break you can simply go out and buy a new one something you've been considering doing anyways now that you have a bit more money once you start to appreciate how having more money impacts this aspect of your life this sense of Peace can be incredibly healing for your mind and body so if you're feeling a low-level background of Peace it
could be a sign that you're finally getting rich congratulations you've earned it sign number four you're on track for retirement are your retirement goals on track this question can help you feel out whether or not you're becoming rich the truth is financial independent is a goal that many people chase viciously we all long for the day when we can hand in our two weekend notice at work and sail off into the sunset sadly few people are on track with their retirement goals meaning that most will never leave their cubicles behind why is this the case
you may be wondering most employees tend to wait until it's too late before they set up a retirement fund they're too busy living for today to put away money for tomorrow or they think they can work Forever This is a common mistake and I share a lot of mistakes you need to avoid to get rich on this channel so make sure you hit that subscribe button below if you haven't already but taking a step back who or what determines whether one is financially equipped for retirement does it imply having a million dollars in your retirement
account maybe but it's not the only thing besides a thriving retirement portfolio early retirees tend to share specific Financial traits that you can use to test Readiness for retirement and gauge your wealth progression the first one is debt Freedom if you've wiped clean your debt sheet and you owe no one that's the first sign that you're eligible to ditch the steady paycheck High interest debts like credit card loans and mortgages can quickly drain your retirement savings hence you're better off getting rid of them before retiring clearing your debt also frees up your budget so that
you can pump more funds towards your retirement account secondly those who retire on time always have a robust emergency fund to cover emergencies such as health keep in mind that your employer benefits will be non-existent in your retirement years since most health failures don't come knocking it's safer to have a good plan that will help you cover medical bills lastly most early retirees Kickstart their retirement plans early getting an early start enables you to benefit from compound growth which is basically free money most growth mutual funds offer an impressive amount of interest that can make
a huge difference through the years the earlier you start the better sign number five you spend more on things you love one of the most common unrecognized signs is that you spend more time and money on things you love for many people work is a necessary evil that takes up the majority of their time they get up in the morning turn off their alarm get dressed for work commute to the office work for eight or more hours only to come home numb the pain of a long day with Mindless TV only to turn around and
do it again tomorrow quite the depressing lifestyle wouldn't you say fortunately as you start to earn more money you'll find that you have more freedom to choose how you spend your time suddenly work isn't the only thing on your mind and you can afford to take some time off to enjoy your hobbies and interests however getting to this point requires the implementation of an income strategy that few people use you see there are really two ways to make more money work more or earn more per hour you work if you rely on the former you're
unlikely to ever have the free time you want even if you have the money on hand this is why learning to increase your value per hour is a much more advisable path to wealth and happiness for instance a doctor making $1,000 a shift only has to work one day to make enough money for a week's living however someone making $20 an hour has to work a 50-hour week to do the same now I'm not saying that you have to become a doctor but this example illustrates that the more valuable a skill set you can develop
the more free time you will unlock in the future in addition you'll be able to spend more money on experiences that you love whether it's taking a cooking class or going on an African safari you'll be able to indulge your passions in a way that was previously impossible I know for myself personally I started to realize I was gaining more wealth when I could afford to take unpaid time off work to travel before reaching this level of financial success I would have to work Non-Stop and missing even one paycheck would be crippling to my financial
situation however by learning how to make more money for every hour I work and investing in assets that pay me without my involvement enjoying the Finer Things in life becomes much more feasible in fact now that I think about it it was only once I heard the quote wealth is the ability to fully experience life by Henry David thorough that I started to really appreciate the financial position I was in unfortunately many people go through life trapped in a vicious Financial down spiral never getting to fully experience life they can't enjoy dining at restaurants going
on vacation or simply not having crippling anxiety over their finances for your sake I hope this is not the position that you're in but but if it is just know that I've been there before and if I can overcome it then so can you therefore if you find yourself spending more time and money on the things you love it's a good sign that you're getting richer and if you want to start feeling richer right now click on this next video and let's get started
