As the 2024 Presidential Elections End, Remember Your Wealth

As the 2024 presidential elections wrap up and the political noise begins to settle, one thing remains certain: your wealth is in your hands.

You begin to feel wealthy when you can live an enjoyable life on a significantly smaller portion of your monthly income. If you make $6,000 each month but can live comfortably on $3,000 or $3,500, you’ll start to experience a sense of wealth that transcends numbers in your bank account.

We’ve been indoctrinated into the “more is better” mindset. We’ve been told that more money will make us happier, more secure, and more successful. But here’s the truth: it doesn’t matter how much money you make if you’re living on all of it. Whether you’re earning $25k, $50k, or $75k a year, if your lifestyle requires you to spend every dime you bring in, you’ll never feel financially free.

We’ve been fed the idea that we need to keep chasing more money, but the reality is, the key to wealth is living on less than you make, no matter what your income is. The real power comes not from how much you earn, but from how much you keep and how you manage what you’ve got.

The Power of Living Below Your Means

It’s not just about sacrificing or fighting the temptation of convenience and luxury. It’s a habit you can build. And the good news is that if you start today, if you begin focusing on living on less than you make, you’ll be well on your way to building wealth in the next decade.

Learning to live significantly below your means is like starting a new job—you can’t just be told the steps to succeed; you actually have to do the work, practice, and build the skill. It’s not always easy, but once you’ve mastered it, you’ll fully understand why it’s the key to your financial freedom.

Living on less than you make is a skill that takes time to learn. You have to traverse the land for yourself. But once you understand how to make this shift, your relationship with money will change. You’ll feel empowered, not stressed, and you’ll begin to build wealth without needing to constantly chase more income.

Breaking the Addiction to More

Some people are trapped in the cycle of living paycheck to paycheck. Whether it's an addiction to stress, a fear of scarcity, or simply a lack of awareness, many people chase more money, thinking that it’s the solution to their problems. They think if they just work harder, earn more, or get promoted, everything will be better.

But what they don’t realize is that the key to financial freedom isn’t more money—it’s living on less. The less you need to live, the less you have to chase, and the more time and energy you can spend on what actually matters to you.

The problem is, freedom can be scary. As Vicki Robin once said, “Everyone wants freedom until they get freedom and find out it’s completely uncontained.” Freedom means no more safety nets, no more excuses, and no more defaulting to a lifestyle that requires you to constantly hustle and chase.

It’s easier to stay in the known, even if it means living in debt or paycheck to paycheck, than to break free and truly live with the freedom that comes from living beneath your means. It’s an addiction to scarcity and lack—constantly seeking more without realizing that the key to wealth and peace of mind lies in less.

The Takeaway

So, as the 2024 presidential elections fade into the background, remember this: Your wealth is in your hands, and your true financial freedom begins the moment you choose to live on less than you earn.

It’s not about how much you make, but how much you keep. Focus on mastering the skill of living on less, and watch as the pressure to chase more money fades away. In doing so, you’ll open up space for real wealth—the kind that gives you the power to make choices based on what you want, not what society tells you to want.

If you can begin to live below your means, not just for a short period but as a lifestyle, you’ll be well on your way to a life of freedom and true wealth.