I’ve been in Bali for the past few days and when my Balinese hotel driver dropped me at my resort I learned that he earns $160 per month.
This was a happy guy, a good guy, and a damn hard worker.
The unfortunate reality for him is that his earning potential is inherently limited by his job: No matter how much harder he works, his income can’t go up by much as long as he continues doing what he currently does.
Another similar problem people face in life is that their income can go up, it just won’t go up as quickly as they would like it to!
Chances are you already know money isn’t everything and that after a certain income threshold is reached — around $75,000 per year — studies show that earning more money does little to increase our happiness.
That said, if you’re interested in an intelligent and conscious life, wouldn’t you agree that such a life requires you to understand:
1. The type of lifestyle you desire;
2. How much income is required to support that lifestyle;
3. How long it will take your current income producing activity/activities to reach that income level;
4. Whether you are content with that time-frame?
In other words, how many years are you away from earning the income required for you to live the type of lifestyle you desire and are you happy with that time-frame?
This is the exact same question I asked myself one day while commuting to work back in 2015.
I worked out that I’d have to climb the corporate ladder for at least another 10 years to have a chance at earning the type of income I wanted to earn.
10 years wasn’t the main issue for me — it was 10 years of doing something that I didn’t find fulfilling that made me really reconsider the path that I was currently walking down, which led me to eventually leave my job and stumble into the world of entrepreneurship through the training and education provided by Six Figure Mentors.
Wherever you happen to be in your life right now, I encourage you to ask yourself those four questions:
1. What type of lifestyle do you desire?
2. How much income do you need to support that lifestyle?
3. With your current income producing activity/activities, how long will it take for you to earn that income?
4. Are you happy with that time-frame?
Asking ourselves these types of questions can be confronting at times, but always remember that ignorance is bliss only until it catches up with you!
Until next time.