What is it and what are you paying?
Success Tax is no different from income tax. If you make more money you pay more tax, and if you want success there will ultimately be a price (or tax) to pay.
Take a celebrity or a top athlete for example, not only do they put in endless hours of hard work and training but they also have to endure failure and rejection along the way. And when they finally do make it they then have to sacrifice many areas of their private life. It’s not all glitz and glamour. This is their success tax.
A housewife or househusband (a very under appreciated role in this day and age if you ask me!) have maybe sacrificed their dreams, desires and ambitions to concentrate on raising their family and being a fully supportive partner to the breadwinner. That’s their success tax!
Same can be said for families where both parents go out to work full time to earn more income to provide better for their family. They sacrifice time with their children and as a family unit. That is their success tax!
My Experience of Success Tax
20 years previous to me making my life changes, I worked in the Oil and Gas industry, working overseas in some wonderful cosmopolitain cities. To the outside world my life was glamorous and extravagant but they didn’t realise that there were major sacrifices that came along with it.
My success tax was sacrificing time away from home, away from my family and friends. I missed out on so many of family celebrations, important events and lost years with people I love but I knew this was necessary in order to achieve the success goals I set for myself.
You Have to Weigh It All Up…
Always remember to keep keeping checking that balance because sometimes we need to pay a little more in order to achieve what we want but equally, if we feel unhappy, we may realise the price is too great.