Think of building wealth like a well-oiled machine. It does its thing while you do yours. Really, it’s that simple.
Getting rich takes time – sometimes, a LOT of time. But during that time, our good habits make this whole “getting rich” thing something we begin to do naturally.
Even lower incomes add up to big retirements over time.
There is nothing particularly exciting about the process of building wealth and saving money. In fact, it’s downright boring. We aren’t driving around in $100,000 cars and buying expensive stuff to make ourselves feel rich.
Instead, we’re driving our 2009 Toyota Corolla because it still gets us from Point A to Point B just as effectively as that $100,000 ride.
We take calls on our two or three year old phones rather than the latest in cellular technology. We begin thinking in terms of value rather than price.
This isn’t about being “cheap”. This is being frugal.
Once you begin to change your life, you’ll develop new routines. New spending habits and different ways to look at each and every expense that you make. At first, it’ll feel like a change. Sometimes, a big change.
But after a while, it just becomes your new standard operating procedure. Old hat. We begin to accept and adjust to our new routine subconsciously and don’t even really think about what’s happening.
Here’s the important thing to always keep in mind: Things are happening without you even knowing about them.
Maxing out your 401k at work might hurt initially, but after getting used to your new (aka “reduced”) take-home pay, your retirement account will balloon with money. Paycheck after paycheck, the amount that you’ll have to spend after calling it quits continues to expand.
Until you’re left with a massive nest egg at retirement.
There aren’t any parades or celebrations when those things happen, though. Behind the scenes, they just work.
And through the awesomeness of financial automation, you don’t have to lift a finger in most cases to make it happen. Once the automated process is setup, everything runs by itself. Day after day. Month after month.
What’s so exciting about that? Nothing, and that’s okay.
