What Does a “Rich Life” Actually Look Like?

Article Summary

• Living a “rich life” does not necessarily correlate to actual riches. In fact, it signals purpose and joy.
• Achieving the “rich life” you would prefer often takes a shift in mindset around money’s purpose and a plan that aligns with your personal goals.
• Waiting to enjoy a “rich life” until retirement is not the only option. Many women are getting started earlier in life, by developing financial plans that support their interests.

What Is A “Rich Life?”

Instagram asks us all the time to consider what a “rich life” looks like. Does it include bucket-list travel, magical sunsets, a perfect cup of coffee, a must-have bag, being your own boss or being surrounded by an abundance of rescued dogs? 

It turns out, everyone has their own vision of what a “rich life” looks and feels like. Achieving whatever a “rich life” means to you involves charting an individualized path that aligns with your ultimate goals. Having the funds to pursue that kind of life might need to be a consideration. As is using the funds available to you in a way that prioritizes the “rich life” you so desire and deserve.

While the adjective “rich” has long been attached to a financial value, those goalposts regularly move. Anymore, “rich” is defined by purpose, freedom and joy.

There are a few fundamental philosophies that tie into a “rich life” aspiration that are worth exploring.

The Mindset For Living A “Rich Life”

One of the key principles of being able to live the “rich life” you desire is taking a moment to set your mindset to view money as a tool. While money is worked for, it can also work for you. That mindset often shifts your perspective from seeing money as a goal, rather than something that can be used as a resource. 

Living a “rich life” also involves analysis. Taking a deep look at what that concept means for you is important. If flexibility is the goal, how do you shape your life and financial footprint to support that? The same can be said for priorities that include luxury experiences and financial freedom. The most important part about goals is naming them, so plans can be developed to achieve them. 

It can also be said that living a “rich life” reflects a certain sense of financial security, which many women desire. Financial security and financial independence for women allows for more control over decisions, both big and small, and for many it means enjoying the luxury of time. Being able to make choices about how you spend your time, be it working or otherwise, is in itself a luxury many women aspire to achieve.

Perhaps the most appealing part about living a “rich life” is the idea that it does not have to wait. Choosing to wait until retirement to travel or explore luxury experiences is not an imperative. It is a choice. Setting up your life to be able to engage in that lifestyle before retirement is a goal many women have. 

Seeking Personalized Financial Guidance

Everyone’s journey is different. If your journey involves pursuing a “rich life,” and if during that pursuit you would like personalized guidance along the way, qualified help is available. At Svvy®, a company founded by sisters, we understand the unique experiences that women have to navigate. We also understand that women often like to seek financial planning support from an advisor who appreciates that. 

This is why we offer a service that matches women with female-vetted financial advisors. We have made our advisor matching quiz available for free, anytime, on our website. If you are curious, try the quiz to see what it may offer.If you would like to be connected with a female-vetted expert who can help you develop a financial plan that aligns with the “rich life” goals you would like to pursue, get matched with a Svvy® expert today.

Disclosure: This content is provided for general educational purposes only and does not constitute individualized investment, legal, or tax advice. Svvy® acts solely as a solicitor and connects and matches individuals with independent third-party financial professionals through a quiz-based matching process on the Svvy® Network. Matching is based on information provided through Svvy’s platform and does not constitute any advice. Any advice, recommendations, and services are provided only by the independent professional you choose to engage.