Whats does it mean to join the new rich?

What does it mean to join the new rich?

This was a question I pondered today as I was sitting at Fado’s Irish Pub with my wife and children this evening having a nice summer drink.

First, let’s differentiate between being rich and being new rich. The rich tend to either inherit money, or live a deferred lifestyle in order to en mass money, they tend to work long hard hours until they reach an age somewhere in their sixties where they finally retire, get bored, and die.

The new rich build multiple sources of income, which could also mean being employed. Not all new rich are entrepreneurs, nor do they need to be, at the 4 Hour Lifestyle we focus on working with employees who want to automate their current source of income, employee’s who want to be entrepreneurs, and entrepreneurs who just want to break free of being a slave to their business.

The new rich tend to live life in the here and now, and plan mini retirements instead of work everyday until they can no longer work. Being in my late twenties and spending time with my children today in the most influential years of their lives is more important to me, than spending time with them someday (hopefully I didn’t die of a heart from the years of stress). Being able to take my children to Europe to teach them about the crusade’s, or British literature is a much better educational experience for them than some teacher telling them about British literature.

Does this mean that the new rich live poor? Just the contrary. The new rich set up business’s, systematize them, and outsource the pieces of them, empowering others to make decisions on their behalf. I am currently in the process of teaching my assistant to “think like me” so that I can outsource more of my daily activities to him.

A new rich realizes that lifestyle design is about designing your life so that you not only have the income, but the time to accomplish the goals and dreams that they want. This means separating income from time. This also means, putting themselves in the positions that any work they do, they can do from anywhere in the world at any given time. Freedom of time, and mobility to accomplish the things they need to accomplish from anywhere in the world.

Take this survey at the Four Hour Work Week blog : Bribing You to Quit and Bosses as Muppets