Aspiring to be Rich – What Does that Mean?


Before I discovered the concept of financial independence and before I realised early retirement was achievable for someone like me, I was still interested in educating myself about all things money and gaining wealth. I knew that the way to a rich life was out there somewhere and I wanted to find it.

I think I am just one of those curious people. I didn’t want to be working into my sixties, that’s for sure but other than that it’s hard to describe what I was looking for. What did I mean by the concept of a rich life?

It’s not like I was unhappy – far from it. All I can say is – I was looking for something. I just didn’t know what that something was.

I was recently divorced with two children and still mentally adjusting to being the single breadwinner, solely responsible for providing for us and for paying off the mortgage on the family home.

Continuous Education

In those days, the podcasts I listened to were centered around productivity, entrepreneurship, passive income and side-hustles. By this time, I had read several books in the “Rich Dad Poor Dad” series. I had started along the road of investing in rental property and building up a passive income stream. I knew the way to financial security was not to be dependent on a job as a sole source of income.

There would always be a cap on what I could earn as an employee. At that time, I had no idea that the start-up software company I worked for would be acquired and the rocket fuel that event would put under my career and earning power. But even after that happened, I would always be part of the “expense” line for any company I worked for and so there would always be that limit to what I could earn and there would always be the possibility that I could get laid off at any time.

Secure / Comfortable / Rich

Love them or loathe them the “Rich Dad” books do contain some really useful concepts. One of these is the idea of imagining your life at the Secure / Comfortable / Rich levels. What monthly income would you need to consider yourself secure or comfortable or rich? What are all the ways you can think of to generate that monthly income not including being employed?

Playing with spreadsheets is my favourite thing and so of course I have one from that time that I used to try to figure out where these income streams could come from, what I was earning so far for each line and projecting what I thought was possible in each area.


These were my ideas for other income streams. I started off with just the rental income and interest and then gradually added lines as I learned more and had different ideas. I didn’t really know where “Royalties” would come from – just a vague knowledge that writing books could be a potential future income stream for me as could “Website affiliates” even though I had no website and no idea how to create one.

I still use a spreadsheet like this now and again to brainstorm ideas for making money and to see how close I am to “secure” or “comfortable” from my other income sources. Today’s version includes lines for ISA and pension Drawdown at 4% as these will be important income streams for my future.

Do I Aspire to be Rich?

Even back then though, when I was just starting out with my financial education, the “Rich” column was almost irrelevant. It’s there because that’s what the book instructed me to do but over the years I have thought far more about being secure and being comfortable than ever being rich in monetary terms.

What would being rich really mean? If I close my eyes and really think about it, being rich conjures up my existing house with no mortgage and no job, but everything else is more or less the same as it is now. I can’t imagine living in a McMansion and nor would I want to. I don’t think driving a better car would make me any happier and neither would suddenly becoming “spendy”.

In that respect I think I’m really lucky. Eventually, all the podcast listening paid off when I heard an interview with Mr Money Mustache on the Tim Ferris Show. Suddenly, I realised what I had been looking for all this time was financial independence and not only that, I was a fair way along the road to achieving it.

Not because I’m some genius who figured this out for herself nor because I earn gazillions in my job since neither of those are true. But because my aspirations make me predisposed to reach it more easily.

I don’t aspire to drive a Lamborghini or wear designer clothes or collect jewellery. There’s no place in my life now or in the future for the latest gadget the minute they are released, for every TV channel known to man or reservations at The Ivy. And for that, I’m really really grateful. Think how much more I would need to save if those things were important to me.

Discovering financial independence was finding the missing piece of the puzzle. It gave a framework for the life I was already building, provided focus and a reason to look deeper and optimise further.

It allowed me to dream that the rich life I was searching for could be achieved and that it wasn’t about having money to burn but about having enough to feel secure and comfortable without being dependent on anyone or anything. That to me is the definition of being rich.

Confusion and Clarity

I am currently at the “secure” stage. At some point in the not too distant future I will pull the plug and quit my job and word will get out to my family and friends that one way or another, I don’t need a job to survive. I imagine that their automatic response will be to think that I am rich.

They may be confused since they don’t see me spending lots of money and having lots of things. They may wonder how can someone be rich enough not to have to work and yet drive a Ford Focus.

And the answer is that it is perfectly possible to have a rich life at all sorts of monetary levels. It all comes down to definition. What is rich to me is not necessarily rich to you. Do you aspire to be rich? What does that mean?

(955 Days)



13 thoughts on “Aspiring to be Rich – What Does that Mean?”

  1. As you were asking the question “What monthly income would you need to consider yourself secure or comfortable or rich?” my first thoughts were £2,000, £3,000 and £???, spooky how they are so similar to yours!

    My family think we are mad to be considering these levels yet I wouldn’t want to spend the kind of money they spend and on what they spend it on, even if I had the money! Each to their own.

    Liked by 1 person

  2. So true! Rich means different things to different people. My only ambition in life was to be happy. Everything centers around my happiness because I know that i can only make my loved ones happy when I am at peace and happy myself. I had a pretty happy life until I discovered FI. That took my happiness to a whole new level I didn’t even realise existed. I took some pages out of the minimalist book but I don’t fully subscribe to it. Feeling free, shedding all things that don’t have a function, have helped me a lot but I do like my more costly comforts like traveling frequently and eating out/ hopping across bars after work and meeting friends. I went from a 140k annual spend to a 30k spend, but because I gained freedom, traveled much more for leisure, self developed faster than ever, I increased my happiness multiple times. I still aspire to grow my portfolio and nest egg overall but that is just for additional security of my planned family rather than for myself.

    Liked by 1 person

      1. Absolutely – it took about 6 months to adjust but a good budgeting tool helped alot to keep on track and adjust. I use Wally due to the international exchange rate integration especially when traveling it becomes incredibly useful. Love it.


  3. Growing up and instilled by my dad, it was all about making the money. And that’s what I tried to do, but I was unhappy. Unhappy in my job, unhappy in my marriage and unhappy with myself. It took me years to realize it is not about the money, but about the memories. So to me being rich, is having a fulfilling life with my family and friends and making memories. On the money side I would say we ar ein a secure position at the moment.

    Liked by 1 person

  4. I used to want to be rich, probably typically following my father who is self made and ended up as a CEO probably earning 250k plus. I struggled to earn what i consider decent money until 5 years ago when due to s change in contract i went from30k to 50and now 90k.that plus retention bonus mean I’ll get over 120k next year.all of a sudden I had what i wanted and realised I didn’t really feel any different. In fact it really affected me as all my goals were financial and it was a bit like ‘what now’ . I’ve been able to travel more and leased a fancy car which i now regret (the car not the travel). It was very like a mid life crisis at 35. I’d started to invest but I now realise I want to maintain my current standard of living and save a lot more and be financially secure. I’m not quite up at the levels some of the fi lot are, (about 35% of gross salary) but when i ditch the car next year I’ll be putting 1200 a month in my pension (, Inc employers contribution) and saving 1300 a month into both stocks and shares and savings accounts. I do want a pretty fat fire but it’s to allow me the freedom to do what i want, predominantly see the world and travel. It’ll be interesting seeing the snowball effect talked about as i have 150k in pensions and 100k in savings and investments now ‘I’ve always heard the first 100k is the hardest. I can see why that would be. my net worth went up 8k in a month last month between saving mortgage payments and investment growth . That’d be unimaginable a couple of years ago.

    Liked by 1 person

    1. We all have a few regrets I think but as long as we don’t keep making the same mistakes then we’re getting there. I bet you’ll be way over 35% next year when that retention kicks in.


  5. In terms of money, I don’t aspire to be rich as that’s a dream, that’s winning the lottery, it’s unrealistic, though nice to think about once in a while!

    Not in terms of money, I think I enjoy a good life but it could be richer – some of that will be achieved with money but most of it will be achieved with more free time.

    Getting to a ‘comfortable’ level will likely mean that I will be able to enjoy the life to which I’m accustomed. However, I reckon I’ll be happy with ‘secure’, will just have some frugal months when need be!

    I’m not even close to my ‘secure’ yet, not even halfway there I don’t think but I’m slowly creeping towards it. I’m not in any rush to move any timelines or dates forward but that’s because I’m quite happy with things ticking along in my life right now.

    Liked by 1 person

    1. You might think you’re not halfway there but it’s amazing how things will speed up, it’s definitely true what they say about that snowball. Not that you’re in a rush as you say – it’s great how grounded you always are.

      Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: