How to get rich really fast

…You're probably wondering how this is going to work with the quick wealth, or?

I promise you: it's not that hard to get rich in no time at all.

However, the way to get there is different than you might suspect.

It has nothing to do with saving. Nothing with shares or other lucrative investment products. It does not lead about hard work. And is not based on any "secret" tips.

But even though it may sound like it, the title is not satire.

So there's a realistic chance you'll at least feel richer after reading this than you do now ..

Let's start with the question ..

What is wealth anyway?

The word wealth refers to the availability of tangible or intangible assets that enrich life. Wealth refers to the abundance of spiritual or representational values, especially the fact of owning material objects.

Obviously, wealth is a so relative concept. Like happiness, freedom or love.

Everybody knows somehow what is meant, but everybody understands something different by it.

But if everyone's idea of wealth is different, then you should be able to change your idea of wealth so that you become rich very quickly, right??

Put into a formula it means:

Wealth = assets – entitlements

So if my entitlements are greater than my wealth, then it can be as great as it is and I will still feel poor.

This means that the common conception of wealth misses the point. There are many answers to the question of when you are really rich.

We see a porsche and think its driver is rich. We see a luxury villa and think the inhabitants are rich.

What we don't know is whether these people actually feel rich.

What image do you have of yourself?? What is their idea of wealth?

Sure, they earn a lot and have a considerable fortune. But what if their claims are even higher than their assets?

Do you then feel really rich?

Less is more

Materialism and the expectations associated with it can stand in the way of our happiness.

On the outside they make us look rich, on the inside they make us poorer.

So wealth is always a question of standards.

To this the philosopher and writer alain de botton states in his book status angst (*):

Wealth is therefore not an absolute, it depends on our desires. Whenever we want something that we don't get, we become poorer, no matter what means we have at our disposal.

And whenever we are satisfied with what we have, we can call ourselves rich, no matter how big our possessions are.

Where do the high expectations come from that make one's assets look small?

The answer is simple: it's ..

The comparison with others

The more people we consider to be of equal rank and take them as a yardstick, the more reason we have for envy. – alain de botton

So neighbors and colleagues are a much bigger problem than any celebrities on TV.

In the english-speaking world, the tendency to compare yourself to your neighbors is summed up by the saying "keep up with the joneses".

People want to keep up with their environment. Ideally, of course, having more than the others ..

Alain de botton concludes:

The most effective way to feel rich doesn't have to be increased money acquisition …, we could surround ourselves with smaller caliber friends, next to whom we'll look all the better for it.

Can anyone become rich?

However, the luxury of the rich does not pass us by completely without a trace ..

Because we live in a meritocracy and the declared goal of politics for decades has been to level out differences in status.

Everyone should have the same chances for advancement, no matter what their background is.

But that also creates boundless expectations.

Because if everyone can do everything – and motivational gurus never tire of encouraging us in this belief – then it is possible to become as rich as others.

And from the proverbial dishwasher to the millionaire become.

But how do you feel when you don't make it?

A question of expectations

By spoiling us with unprecedented income, modern society makes us seemingly richer. But in the light of day, it could very well be that it makes us poorer in the end. Because by constantly creating new expectations in us, the gap between what we want and what we get, between what we are and what we could be, continues to exist.

Would we be happier if we lowered our high expectations a little??

Whenever I am unhappy or dissatisfied, I therefore keep the following mathematical formula in mind:

Happiness = reality – expectations

The formula goes back to engineer rakesh sarin and means:

Since reality can hardly be changed, it can only be due to my expectations if I am unhappy. If I want to be happy again, I have to change something in my expectations.

Which is of course easier said than done.

If I adjust my expectations to say that my portfolio doesn't have to be worth 1 million to be happy ..

…Then maybe I can be happy about the fact that I already have 10.000, 50.000 or 100.If you have saved up more than € 000 in shares or etfs.

This does not mean that one should not set ambitious goals for wealth accumulation.

But goals that lie in the distant future are not good goals if we are unhappy along the way.

Asceticism and minimalism

Lowering your own expectations and demands can, of course, be taken to the extreme:

Up to asceticism, the renunciation of everything that is fun.

In his book die kunst des stilvollen verarmens (*), author alexander von schonburg gets to the heart of the matter:

Pleasure is the prerequisite for connecting with the world; without it, man would become desolate. To turn away from material things, to turn one's back on all pleasure and to become an ascetic is the way for cowards and rigorists … The real art is the ability, firstly, to recognize the really beautiful things and, secondly, to dose them in such a way that one gets the most from them. The art of the renouncement ability is the actual condition for pleasure.

Minimalism, on the other hand, is different from asceticism.

This one is not about renunciation as an end in itself, but about voluntarily limiting oneself to what is absolutely necessary.

Alternative ideals are derived from minimalism, such as time wealth and freedom as a counter-design to material wealth.

Minimalists are not interested in owning as many things as possible, but on the contrary in depending on as few things as possible.

To have or to be

One of the greatest challenges of our time:

The possibilities of becoming addicted to things are almost limitless.

Unfortunately, many people use these possibilities very extensively ..

…And subscribe, lease cars, take out loans, buy countless clothes, etc.

The psychoanalyst and social philosopher erich fromm said about this kind of self-imposed dependence:

For our present situation it is of eminent importance that man can be a slave even without chains. The outer chains are simply moved inside. The desires and the thoughts that are suggested to him by society shackle him more than external chains. Man at least perceives the external chains, but he becomes much less aware of the internal shackles, so he lives trapped with the illusion of being free.

This quote comes from the book haben oder sein (*), a social critique published by fromm in the 1970s.

Wealth and joy of life

Absurdly, wealth can make you unable to enjoy the small pleasures of everyday life, paradoxically decreasing your quality of life.

This danger threatens, if the thoughts constantly circle around the financial prosperity.

I explain the impact that the mere thought of money has on our ability to enjoy ourselves in this video:

Why you shouldn't think about money when eating chocolate

Can it be that rich people lose the ability to enjoy themselves and are therefore less happy??

This is precisely the question that a group of psychologists has explored in two scientific studies:

In the first study, they had 351 study participants fill out an online questionnaire.

In it, the ability to enjoy life, happiness in life, the desire for wealth, as well as current assets and income were queried.

Before filling out the questionnaire, half of the participants were shown a picture of stacked banknotes.

The other half was not shown the picture.

#1
there is a positive connection between the enjoyment ability of a person and the feeling of happiness (who can enjoy, is happier)

#2
there is a positive correlation between the level of wealth and the feeling of happiness (those who have a lot of money are potentially happier)

#3
contrary to this, however, a negative correlation exists between wealth level and enjoyment capacity (wealthy enjoy less)

Does wealth not make you happy in the end, because it has a negative influence on your ability to enjoy life??

In a second study, 40 test participants were observed unnoticed in what time and with what enjoyment they ate a piece of chocolate.

Before the subjects received the piece of chocolate, they were shown either the image of a banknote or another image that had nothing to do with money.

Those who had seen the bill spent significantly less time with the chocolate and, judging by their facial expressions, had significantly less fun than the control subjects.

What does all this tell us?

Having more money doesn't hurt and basically has a positive impact on our happiness in life.

At least as long as we retain the ability to enjoy the small pleasures of everyday life.

So while you are eating a piece of chocolate, you should not think about a visit to a 3-star restaurant or your bank account.

But only do one thing: enjoy consciously.

What do we learn from this?

Having a lot of money is different than having to have a lot of money. Because you have screwed your lifestyle to a (too) high level ..

A simple life doesn't have to be a poor life, but is a conscious choice instead of a predicament.

With superfluous wealth one can acquire only superfluous things. But nothing of what the soul needs can be bought with money.

Get rich quick – the bottom line

Fixation on material wealth makes financial lulls seem all the more bitter.

But do we really have to be unhappy when stock market prices fall and our savings (temporarily) shrink??

Alexander von schonburg knows the answer:

The things that make life worth living do not become less just because you have less money. Inner independence, for example, has never been a question of income.

This point should always be kept in mind.

So if you think you're not rich enough ..

…Then either earn more money (and save it) or – which is much faster – work on your expectations.

And if you can do both, you'll soon be one of the super-rich.

Holger founded zendepot in early 2013 and was one of the first german bloggers to provide regular information there about passive investing with etfs and other financial topics. In june 2021, holger decided to close the zendepot project for himself in order to focus on his core business, his own practice. However, holger's posts can still be found on the zendepot blog.