I know I’ve been quoting finance guru Dave Ramsey a lot lately, but I can’t stop thinking about something he said:
“Live like no one else, so later you can live like no one else.”
What does he mean?
Many people look at mega-successful CEO’s and celebrities and utter those confounded words, “They’re so lucky.”
Most successful people aren’t lucky. They’ve lived like no one else, so that they can live like no one else.
Multimillionaire Robert Kiyosaki was homeless, living out of his car, while he built his first company.
Singer Katy Perry dropped out of high school after her freshmen year to pursue music full-time.
Bestselling author John Grisham gave up his legal career to become a full-time writer. Twenty-eight publishers rejected him before an unknown company agreed to give his first book a small print run.
Actress Jennifer Aniston worked as a telemarketer and waitress while she auditioned for acting roles in New York and L.A.
Designer Vera Wang gave up a promising figure skating career to work in the fashion industry.
Former Philadelphia Eagles and Pittsburg Steelers player Jeremy Bloom sacrificed his football career to become a World Champion skier.
Most tech entrepreneurs spent their teenage years glued to a computer, never knowing if their idea would pan out.
What do these stories have in common? These athletes, designers, actors, writers and entrepreneurs lived in a way that most people wouldn’t. They embraced huge levels of risk and sacrifice.
None of them were guaranteed success. Heck, half of them weren’t even guaranteed a paycheck or health insurance. But they went for it anyway.
Your story doesn’t need to be as dramatic as theirs. “Live like no one else” could be as simple as pledging to live a debt-free life.
I sometimes watch people carry Michael Kors handbags, drive Lexus cars, and live in $1,500-per-month one-bedroom luxury apartments, and I wonder: “What am I doing wrong? How do they have so much money?”
Then I realize: the majority of people – 70 percent of Americans, according to U.S. News – are in consumer debt.
Being part of the 30 percent that chooses not to pay for luxuries through consumer debt is – by itself – living like no one else.
If you live like no one else now, you’ll really be able to live like no one else in the future. You’ll have saved enough to quit your job and support yourself for a year while you try a new career. You’ll have enough to pay in cash for your dream car, or to travel the world.
And when that happens, people will probably say: “You’re so lucky.”