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The Effect of the Luxury Trap on the Impact You Create

Could you unknowingly be caught in a luxury trap, and could it be affecting the impact you create?

If you’ve been struggling to find the passion you once had for the issues that matter the most to you, it’s worth checking if you’ve fallen into the luxury trap. It could happen to anyone, even those who are wholeheartedly dedicated to creating an impact. 

 

The luxury trap

 

A luxury trap is getting used to the niceties you have to the point that they become necessities. You shift from wanting nice material things to NEEDING them. It’s a scary pithole that can leave you scrambling for things that ultimately don’t make you happy.

Before you know it, you’re doing trade-offs between luxuries and those you love—instead of spending time on your passion project, you’re stressing about working over time; you could be spending a lovely weekend with your loved ones but instead you’re working to pay off your latest big purchase.

All of us can fall into this trap. Once we’re in it, we risk:


Getting out of the trap

 

I almost fell into this trap, until I realized I prefer a different kind of luxury:

It was challenging but I finally found a balance between living a comfortable life and spending time on the projects and people that matter most to me.

I got out of the trap by noticing and appreciating what seems normal to me, but it is a luxury to others: my beautiful family, our comfortable life making do with what we have now, opportunities to create impact, amazing friends, and good health.

 

Creating a more meaningful impact outside the trap

 

Steering clear of the luxury trap, I discovered more passion, energy, and resources to fuel my mission in life: creating meaningful impact.

What we chase in life changes when we change what we value and appreciate. If you’ve been struggling in doing impact-driven work, assessing your motivation could do wonders.

Maybe it’s time all of us change what we consider as luxuries. Look around and ask yourself : what is luxury today?  Money, or life?

Written By: 

Philipp Schoeffmann

Philipp is a 20-year veteran of digital marketing who has spent most of his adult life in 2 worlds: selling online, and creating social impact through education. In 2020, together with his wife Fabienne (an economist for the UN and PhD in social sciences), he has founded The FAM Fund.

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