There’s nothing wrong with dreaming. In fact, it’s a great motivator. That’s why this post focuses on the finer things in life that business success can bring.
At some point during the first two decades of life, most of us learn that it’s not polite to talk about money in public. However, just because income tax brackets aren’t considered proper dinner conversation doesn’t mean that money isn’t important.
The reality of money is it drives a significant number of the decisions we make each and every day. And while money is often painted in an evil light, when properly harnessed, it can be used as a very positive motivator.
When it comes to building a successful business, things like passion, knowledge, consistency and smart risks are all very important. But beyond those fundamentals, many people who have succeeded found that additional strategies played a major role in their ability to stay the course. Specifically, plenty of successful entrepreneurs weren’t afraid to fantasize about what they would do once they made a ton of money.
Although this strategy for success may sound silly, since it’s been utilized by plenty of people who have built companies that we would all be proud to call our own, it’s something worth exploring. And even if you have your doubts, since this is a purely mental exercise, you have nothing to lose but a whole lot to gain.
So with all that being said, let’s look at some trappings of luxury and success that may be exactly what you need to send your motivation into overdrive:
It’s fairly common for people to want to own a nice house. But for those who have the drive and ambition to build an incredibly successful business, a nice house doesn’t cut it.
Instead, not only do people in that category want an incredible house, but they want lots of incredible houses. That’s why media mogul Rupert Murdoch paid $28.8 million for a 13-acre estate in Bel Air. Not only does the main residence feature 7,500 square feet, but the property itself includes $4 million worth of wine.
The biggest mistake someone can make with a beautiful house is failing to make the interior as appealing as the exterior. That’s why art is the perfect addition to any luxury home. Not only do great pieces of art serve as excellent conversation starters, but they can also be very inspirational when you’re in need of a little quiet reflection.
To get an idea of what type of art is available once you make it to the upper echelons of society, two recent sales in New York are a great way to put things in perspective. Over the course of these two events, collectors spent more than a billion dollars on art. At first, it can be hard to even imagine that much being spent solely on art. However, once you get an idea of what pieces at this level can go for, a ten figure total sales amount seems less mind boggling.
For example, a triptych painted by Francis Bacon sold for $142 million. Although triptychs often go for more than single paintings because of their, that’s still a massive amount of money for a piece of art. But when you’re the owner of a massively successful business, there’s no price tag that’s out of reach.
Why would someone spend $35 million on a 1962 Porsche? The simple answer is because they can. While they’re considerably more expensive than many other types of collectibles, people who collect vehicles are driven by the same desire as other collectors to get the absolute best that’s available.
Classic cars are also an excellent hedge against inflation:
“Given the very real fear of inflation, it’s natural that some investors are looking for tangible assets that are expected to increase in value at a rate greater than inflation and that also have an acceptable risk profile. For some of these investors, collectible cars are looking quite attractive.” ~ Rob Sass ~
One of the things that sets truly successful business people apart from the rest of the world is owning their own aircraft. While it’s awesome to have a great collection of cars, there’s no land vehicle that compares to having your own Gulfstream jet that you can take wherever you want. Instead of dealing with online reservations and boarding passes, this sign of true success provides absolute freedom – and makes it faster and easier to meet important connections to increase your business.
Pieces of History
How cool would it be to own a real piece of history? Well, when someone bought George Washington’s copy of the constitution for just under $10 million, that’s exactly what they did. And what’s really awesome is anyone who builds a successful enough business can do the same!
Dennis Kelley is a reporter who writes about business and entrepreneurship. Because he’s been lucky enough to have opportunities to spend time with individuals who have built companies worth millions and even billions of dollars, he’s seen firsthand just how motivating money can be in the pursuit of business success.
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