Are you wealthy?

For most of us reading (or writing this), the answer is no. At least not in the classic understanding/sense of the word.

As soon as we hear the word wealth we think of money. We think bank balances, investments, possessions, and luxuries big or small.

The word rich is pretty closely associated with wealth and there’s some discussion about the difference between being rich and wealthy, but let’s save that for the finance bloggers shall we!

This article is not a guide, it is intended to be an eye-opener, or an ‘ah, I had never really thought about it like that’ sort of article.

So, I’ve told you what I won’t talk about in this article, here is what we are here to talk about.

Wealth Doesn’t ONLY mean Money

Let’s unpack that a little bit using a couple of dictionary definitions of wealth….

1. An abundance of valuable possessions or money.
2. A plentiful supply of a particular desirable thing.

Granted money is actually mentioned in the first and it is desirable, and we would feel wealthy if we had it in plentiful supply. It is intuitive to think about money, but let’s take a step back and think and look at this a different way.

Non-monetary ways of thinking about wealth.

• A wealth of knowledge
• A wealth of experience
• A wealth of life experience
• An abundance of happiness, fulfilment, joy, laughter in your life
• Living an enriched life
• Having health, happiness, hobbies and love in your life
• Having a career

This list could go on, and maybe it should….

• Having your freedom
• Having time
• Having a roof over your head

Ok, that’s enough for now! You see my point, the way we look at our lives is often through a what we have NOT got lens as opposed to what HAVE I got. It’s all about perspective.

So now if we consider how we can attain financial wealth…..

• Working hard for it
• Investing
• Making good decisions
• Taking measured risks
• Compounding

Why can we not apply every single one of those principles to pursuing non-monetary wealth?

We can and should work hard to achieve non-monetary wealth, it is not only a mindset but an approach and a way of life that takes effort, time and consistency.

We need to invest in ourselves and our personal environment, consistently making good decisions and doing so year after year.

So, there you have it. A slightly different view on wealth and how we can go about achieving it.

Go forth and be wealthy in your pockets, heart and mind!

Thanks for reading and we look forward to sharing again with your soon.

Josh

The Practitioner Wellness Guy