Who doesn’t want to live a life of luxury? We’ve all seen it before: someone else living the life that we want. Maybe they have your dream house or drive your favorite car, or they take twice-yearly vacations to Europe or the beach. Whether it’s a neighbor, a coworker, or a good friend, it’s easy to look at them and think, “That’s what I want.” And there’s nothing necessarily wrong with that. Jealousy will get you nowhere, but it can be healthy to have something to aspire to.
Life of Luxury
As easy as the luxury life looks, it usually comes as a result of a long effort and commitment to your goals. Sure, there are a lucky few who inherit a luxury lifestyle as a result of their parents’ efforts, or the efforts of those who came before. But if you don’t have a trust fund set up to secure a carefree life for you, achieving a luxury lifestyle is harder than it looks.
Not easy, but not impossible. It comes down to the right balance of investing wisely and taking risks.
Living the Life of Luxury
Comfort is important to all of us but true, uninterrupted comfort is something that few achieve. It’s hard work to achieve real luxury lifestyle, and even harder to maintain it. But we strive for it all the same. We dream of it constantly, even if we don’t know exactly how to reach it.
So, what is this concept of luxury that we spend so much time obsessed with? What does it look like, and if possible, how can we attain luxury?
One day when you’re living the luxury lifestyle, you won’t have to worry about it, but while you’re still working towards that goal, you have to invest wisely. You can’t expect to achieve a luxury lifestyle by buying a brand new sports car with your first big earnings or taking a month off to tour Europe. In the beginning, you should treat yourself proportionately to what you make and put the rest of your profits towards earning more capital.
This may mean investing in your business if you’re a proprietor or branching out with a side business if not. It can also mean investing. Make smart investments. You might still be friends with your old college roommate, but if this is her third venture into business and it’s never taken off before, that might not be the smartest investment. Find something that interests you but something that seems stable and smart.
And of course, you want to put something aside for savings. You never know when storms will come and you’ll need that security cushion. Without it, when disaster strikes you’ll find yourself pushed further away from those dreams of a luxury lifestyle. As in all ventures, it’s important to be prepared for anything, good or bad. Setting even a little aside every month will provide you with the buffer and confidence you need to pursue your goals.
Take a Well Placed Risk
It seems contradictory to tell you in one breath to spend wisely and in the next to take risks. However, both are necessary if you want to achieve a luxury lifestyle. They say that everything under the sun has been done before. Every idea has been had, every thought has been thought. So you can’t expect to succeed in a world that is in so many ways over-saturated with mediocrity. You have to excite people — whether it’s your employers or your clients or customers. And there’s no excitement without an element of risk.
Think of the most successful people you know, those living the luxury lifestyle you want. Do they blend in with the crowd or do they stand out? Chances are it’s the latter. Without, again, an inheritance of luxury, it’s impossible to achieve a luxury lifestyle by simply coasting. You have to show the world why you’re different, and different never comes without risk. There’s always a chance that your brand of different won’t work for the people you want to impress or the demographic you’re aiming for. But when it does work out, the payoff is that much bigger.
Of course, it’s important to keep in mind that the key here is a well-placed risk. Don’t just go jumping off cliffs because it’s a risk. You can spend and invest wisely and still take risks. After all, every investment is a risk. There’s always a chance that it could fail. The same thing is true of starting your own business or going up for a promotion. You should know your capabilities and always be prepared with that buffer in case that risk doesn’t pay off. But don’t wait until you’re overly prepared and expect the opportune moment to come along. You have to make those opportune moments happen yourself.
Enjoy the life of Luxury Along the Way
And of course, don’t forget to treat yourself on your way to the luxury lifestyle, as well. Again, this doesn’t mean buying an expensive sports car or a vacation home the first time you make a decent earning. But it may mean breaking out a favorite bottle of wine, taking a day off to go to the spa, or cutting yourself off from work at 5 pm so you can read your favorite book in the bathtub.
Not every luxury has to be extravagant. Little treats can go a long way, especially when you’re working towards a larger goal. Your luxuries should be proportionate to your current lifestyle. One way to do this is to allow a percentage of your budget to luxury. It should be a small percentage after all the needs are taken care of, but the more you invest and take risks, the more that percentage will be able to offer you. These small luxuries can remind you what you’re working towards, as well as keep you refreshed and re-motivated in order to make it through those days when it all seems so far away.
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You shouldn’t have to wait until you’ve “made it” to enjoy your lifestyle. Prepare yourself for your luxury lifestyle now by enjoying what luxuries you can along the way.