“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” (Thomas Jefferson -The Declaration Of Independence). Not just a powerful statement, but an absolute assertion. America’s foundation is based on the American dream of life, liberty and the pursuit of happiness. For generations, Americans have endeavored to preserve these principles. However, to many people, the American dream carries a contrasting definition. For some, it’s the opportunity to achieve prosperity and live an unrestricted life by being able to build wealth. For others, it’s the contingency to accommodate for their descendant’s necessities, retaining education alternatives and career opportunities.
Historian James Truslow Adams said “That dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement.” Given this statement, we can see the concept that freedom and the ability to achieve anything conceivable are among the fundamentals of a person striving for a better life.
Achieving the good life requires persistent movement in that direction. Below are a few steps and traits to aid in achieving the American dream.
Self-appreciation: Grasping the implication of staying humble and knowing where you came from is of most significance. Appreciating where you came from and knowing your family’s history gains the dreamer gratitude. Practicing this belief shows gratefulness and humility. Being aware of your existing blessings permits gratefulness. Additionally, recognizing the setbacks encountered in your life confirms the ability to remain humble and submissive.
Work Willingly: Persistent ambition is a crucial facet to retain when achieving your aspirations. Possessing a “do-whatever-it-takes” mentality renders to full commitment and dedication in the process of achieving your goals. Emerging from your comfort zone, making difficult decisions and planning those calculated gambles all come from the willingness to achieve your life’s objectives.
Learn & Invest: Seeking professional development and securing partnerships and mentors who will hold you accountable nourishes your brain through knowledge. Those who relish new experiences prosper tremendously. Wanting to continuously learn in your life can offer you great benefits. Education is a trait possessed by some of the most successful entrepreneurs of our time. Since many of the wealthiest and most successful individuals believe that success is derived from a constant willingness to learn, we can assume that self-growth is critical for living life to the fullest.
The American dream is generally achieved throughout the younger stages of your life. While life can be filled with adversity, it can also be an opportunity that you could never learn any other way. Mastering the art of saving despite all the mistakes we make, and missed opportunities is still a possibility through coming up with new strategies. Investing income into non-taxable retirement plans is a smart tactic to grow wealth even at a later age. While it may seem like a daunting task to delay instant gratification, the power to envision yourself 20 to 30 years in the future carries substantial benefits. Research shows individuals attached to their future are more willing to delay a reward.
Maintaining consistent drive, even after missed opportunities earlier in your career, increases the chance to fulfill your American dream. Furthermore, making sound investments should be a concrete staple in preparing for your future, regardless of your initial investing age. Late investors should also take advantage of employee retirement plan matching, usually up to a certain percentage or dollar amount. This could be considered free money, since it’s a non-taxable account, and the money you’re saving is being matched by your employer. Some employers give retirement plan advice. Those who take advantage of this very often earn a higher interest return.
Learning to invest is the only way of generating growing prosperity and passive income. Although many consider the art of investing as another financial burden, it can be thought of as a way of money management and financial security, presently and in the future. Earning a return on your capital can be achieved by opening an online brokerage account and strategically investing in the stock market or investing in real estate. It’s never too late to start investing or making decisions to achieve your goals if living the American dream.