Nouveau Riche is a term to describe a self-made person who has become wealthy during their own life time rather than through wealth by inheritance. And yet, rather than being praised for becoming self-made, being “new money” historically has been stigmatized. The stigmata is that “new money” people are inferior to those coming from old money because they lack sound value systems and exhibit conspicuous consumption.
Oh, my goodness! Has the world changed or what? Someone needs to update all the dictionaries! Nouveau Riche has been redefined and modernized by a new breed of entrepreneurs. Those who through their hard work and dedication to manifesting their vision into reality have revolutionized the world we live in. And, rather than exhibit behaviors of over-consumption and self-absorption, live lives of minimalism and profound giving.
“Wealth is not to feed our egos but to feed the hungry and to help people help themselves.” Andrew Carnegie
Ok, so where am I going with this you may be asking. No longer do we have to hold the belief that wanting to become rich is a bad thing. Many good people perceive that if they desire to be rich, there must be something unspiritual, undesirable or unhealthy about themselves. Or, if they do want to be rich, they are afraid to admit it for fear of being judged.
It’s 2017. A brand-new year! Now is the time to let go of the outdated belief that wanting to become rich is a negative aspiration. Now is the time, more than ever, to strive to get rich at every level of your existence: mentally, physically, spiritually, and yes, financially. There is no shame in it. There is only positive benefit in it.
After studying the 2016 entrepreneurial stats and the world’s richest entrepreneurs here’s what you need to know in 2017 to get and keep you motivated to become the world’s next “new money” breed of entrepreneur:
1. Age is not a barrier. The fact is that the rate of new entrepreneurs is highest among boomers between the ages of 55-64.
2. Having a passion will automatically drive you. A relentless desire to bring your vision into reality automatically prompts you to take relentless and consistent action.
3. A Lack of Money does not prevent success. Those who persist in pursuing their dreams by taking action every day to manifest it attract the money they need to achieve entrepreneurial success.
4. Not having too much is an advantage. Minimalism breeds focus. Focus is the key to success and attainment of wealth. Eliminating the non-essentials that distract you from your goals gives you the mental prowess needed to stay focused and to innovate.
5. Starting small leads to great achievements. It’s ok to start small. Great wealth doesn’t happen overnight, but it can come expeditiously by being pragmatic and sticking to your vision and values.
“Without passion, you don’t have energy. Without energy, you have nothing.” – Warren Buffett
In closing my shocking confession: My single goal as early as I can recall was to strive to make a difference in each person’s life that I encountered. I did not want to leave a single interaction without hopefully having imparted something positive. That passion is what drove all my actions. Then, to my surprise, I became a millionaire. I kept it secret for a very long time. I kept it a secret because I thought I would be perceived as a bad person for being rich and that it would negatively impact my relationships. What I discovered was, as long as I stayed true to my passion and my values, I was able to preserve the quality of my relationships, maintain balance and humility through self-restraint–all the while having a greater capacity to give more.