Key Takeaways
- Money isn’t the only barometer of wealth.
- There are other aspects of life to consider when defining wealth.
- Take some time to reflect on all the ways you’re wealthy in life.
There’s a saying, “The man with good health has a thousand dreams. The man without, has just one.” This comes to mind when reading the article “What Are the Different Types of Wealth?” from thefreefinancialadvisor.com.
Health is indeed one form of wealth. If you don’t have good health, you don’t have wealth in your health. It’s very important, and if you don’t have it, life is difficult and you become focused on it above everything else.
Of course, there’s also financial wealth. Oftentimes, as Americans, we tend to determine success based on this one, but it’s really just one aspect of wealth. It certainly shows one’s ability to make money and it can be more important to some people than to others, but it’s not everything.
One aspect of wealth that you may not have considered is time. In the entrepreneurial coaching program, The Strategic Coach Program®, they talk about four freedoms, with one of them being time. If you have time, you have the freedom to do what you want, when you want. You’re able to structure things around your own schedule, versus being told what you have to do with your time. Conversely, when your schedule is locked down, it can be prison-like, as you’re unable to do what you’d like with your time.
Finally, there’s social wealth. This is the ability to have many people around you – people you’re connected with, and with whom you have strong connections. When you work well within social settings and have access to those settings on a regular basis, it truly is a form of wealth. This is especially important as we age, as the lack of social interaction and connection is related to cognitive decline.
So, think about these four ways of defining wealth – it’s much broader than just counting up your dollar signs. This more holistic view of health may just help you realize you’re much wealthier than you thought you were. Until next time, enjoy.
Gary
If you’d like to read more on this topic, here are a few of Gary’s previous posts that you might enjoy:
