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Step I: Definition

These individuals have riches just as we say that we ‘have a fever,’ when really the fever has us.” —Seneca (4 B.C.–A.D. 65)

Our culture drives us to work hard in order to retire one day and finally have time to take a long vacation. Then, at the age of 70, we wake up and regret that we did not do all those things we always wanted to do.

It doesn’t have to be like that. The New Rich is a new subculture of people who are rich in a new way. Time and mobility is their currency. They have different priorities and life philosophies, which makes them different from the crowd. Let’s check out some principles of the New Rich: to work when you want to work, and not for the work’s sake. Not to wait for retirement, and instead, distribute mini-retirements throughout life. To experience things instead of buying new things you want to have. To not be a boss or an employee, but an owner of a company. To earn only as much money as you need, instead of making tons of money. First of all, to have the freedom.

The New Rich challenges the status quo. They do things differently when it’s more effective or more fun.

The current work system forces us to be at work eight hours daily, no matter how much we work. This has resulted in people being only as productive as they need to be. People have gotten into the habit of being busy and not necessary productive. Here is a new way of looking at it: Laziness is not when you do not work, but when you work for work’s sake. Instead of being at work for eight hours and keeping yourself busy, spend five hours there being as productive as possible.

You can save a huge amount of time if you focus on things that are important instead of keeping yourself busy. Time is the most precious asset; don’t waste it!

Actions to take

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