How Can You Make $100,000 Worth More Than $200,000?
Is it possible for $100,000 to be worth more than $200,000? I think so, and let me explain why. If you look at the lifestyle that $100,000 or $200,000 is to represent, and focus on it, I can show you how sometimes the former is worth more than the later. I encourage you to read on.
In one of my favorite books, The The Four Hour Work Week” by Tim Ferriss, he talks about some freedom multipliers. I like to refer to them as rich multipliers.
Now, first imagine to yourself the lifestyle that a $100,000 income should look like. Then, imagine what a $200,000 income lifestyle should look like. Now, mentally erase the actual numbers from your mind and continue to focus on the lifestyles you just imagined. The reason: being financially rich is a very different concept than having the ability to live like a millionaire.
There are ways to make the lifestyle better; there are ways to “multiply” the lifestyle. This is where the rich multipliers come into play. Let’s look at each of the four rich multipliers.
Multiplier #1: What You Do
Doing the things you enjoy in life more frequently will multiply your lifestyle. For me, these things are spend time with people close to me, workout and run, play golf, blog, etc.
Multiplier #2: When You Do It
When do you do the things you enjoy? Do you squeeze them into the small chunks of time that are left over after all of the mandatory time commitments you have in your life? Multiply your lifestyle by having the freedom to do the things you want at any time you want.
Multiplier #3: Where You Do It
Are you tied to your desk or your office or your city? Having the freedom to do things you enjoy anywhere is another multiplier for your lifestyle. Maybe you enjoy surfing but live in Florida. Are you able to take work with you to California so you can surf there for a few months? Wouldn’t that be incredible?
Multiplier #4: With Whom You Do It
Last, but definitely not least, with whom are you spending time and with whom are you doing enjoyable things in life? Having the ability to spend more time with the people you love multiplies your lifestyle abundantly.
Putting The Equation Together
Back to the original question, how can $100,000 be worth more than $200,000? Well, how about if the person making $200,000 also works 100 hour weeks when the $100,000 person owns a self-sufficient and self-operating business and only needs to work a few hours a week remotely. What would you prefer?
It gets even more interesting if the person owning a self-operating business that earns him $100,000 a year in easy money declines to grow his business to double his income since he’d prefer not to add hours to his work week. Why on earth would he do that? Because his lifestyle is greater than if he made $200,000 and became a slave to his company. His lifestyle is greater because of the rich multipliers implemented into his lifestyle.
He is, in fact, more “rich” than the person making $200,000 because he can go anywhere, do anything, with anyone, at any time he desires. Now THAT is a lifestyle worth pursuing. I know that’s what I desire.
Shooting For More Multiplication In My Life
As I talk about at length, achieving more channels of passive income is my number one goal. I don’t desire millions in income each year, but I desire more wealth driven through more passive means. A comfortable income that supports my lifestyle with maximum freedom is worth the effort.
As I continue to blog each day, it is my goal to grow this blog and monetize it. Hopefully, this blog can become a source of income for me that supplements my career and investments. While a blog is definitely not as passive as I imagined before getting into it, it is something I enjoy and would love to earn some income through.
There is no right or wrong path for you to take in your journey for wealth and for a particular lifestyle. The wrong path is not having a goal and being unintentional as you move in whatever direction the current pushes you. Be intentional. Know what you’re striving for and work hard to get there. Good luck.
1. What do you desire more, a higher income or more freedom?
2. If your boss offered you a raise to make more money or work less, what would you take?
3. How many rich multipliers do you have implemented in your life?
4. How intentional are you in positioning your life and pursuing the goals that you have set?