💰The Subtle Art of Not Wanting More

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Let's talk about something often overlooked when it comes to getting wealthy—your "desires."

You might be thinking, "What do desires have to do with financial freedom?" Well, this could be a game-changer in your journey towards financial stability.

Here's what you'll discover:

1. Identify and categorize your desires.

2. Channel your energy and resources on what truly counts.

3. Be grateful for what you already own.

4. Make thoughtful and deliberate choices.

5. Opt for long-lasting satisfaction over temporary pleasure.

The Pitfall of Endless Desires

It's easy to get caught in the cycle of constantly wanting more—more money, more gadgets, higher status. It starts small. First, it's a high-end smartphone. Then, a luxurious car followed by a bigger apartment. Before you know it, your lifestyle's inflated, and you're living paycheck to paycheck.

What happened?

Learn to Desire Less for More Fulfillment

It may sound counterintuitive, but desiring less can lead to a richer, fuller life. How do you go about it?

Step 1: Classify Your Desires

According to ancient Greek philosopher Epicurus, desires fall into three categories:

• Essential Desires: These are your basic needs—food, shelter, clothing.

• Luxury Desires: The nice-to-haves, like a designer watch or dining in a five-star restaurant.

• Vain Desires: These are endless cravings for fame, extreme wealth, or social status.

Wanting a new phone or a higher salary isn't bad. Just identify which category each falls into and ask yourself if you truly need them to be happy and financially secure.

Step 2: Zoom in on What Matters

The book "Paradox of Choice" by Barry Schwartz mentions that too many choices can lead to decision fatigue and distract us from what's important. So, keep your focus on what genuinely adds value to your life. If being with family makes you happy, invest in shared experiences rather than a new gadget.

Step 3: Appreciate What You Already Own

Marcus Aurelius once said, "Desire what you already have, and you will be happy." Keep a gratitude list and revisit it when you're tempted to splurge on luxuries. Instead of craving a new car, appreciate the one that gets you from point A to B every day.

Step 4: Be Cautious of Your Desires

Pause before making a significant financial decision. Ask yourself, "Do I really need this, or do I just want it?" Peer pressure to upgrade your home might be tempting, but if your current place serves you well, why bother?

Step 5: Aim for Long-term Satisfaction

Avoid short-lived happiness. Look for things that bring lasting benefits. Instead of splurging on an extravagant vacation, why not invest in a skill-building course that can advance your career?

Takeaway

By limiting your desires, you're not just saving money; you're enriching your life in more meaningful ways. The money saved today can be the capital for tomorrow's opportunities. You'll soon find that building lasting wealth isn't about accumulating more but desiring less, paving the way for genuine happiness and financial stability.

Here's to your journey toward financial freedom and true happiness,

Kuya Jay

Whenever you’re ready, here are two ways I can help you:

• Financial Coaching: An in-depth, three-part financial coaching program for singles, couples or a group of five people.

• Financial Wellness Program: A bespoke Financial Education program made for your employees’ preferred topics about money.

• Speaking: Invite Kuya Jay for a Financial Literacy talk or workshop for your organization or community.

Learn more by scheduling a 30-minute discovery call here.