Managing Money is easy.
Managing Wealth isn’t.
We quantify what’s easily countable, not what matters most.
Wealth isn’t as easily defined.
But it’s quite impossible to manage something we haven’t defined for ourselves.
𝐈 𝐚𝐦 𝐜𝐮𝐫𝐢𝐨𝐮𝐬, 𝐰𝐡𝐚𝐭 𝐢𝐬 𝐰𝐞𝐚𝐥𝐭𝐡 𝐭𝐨 𝐲𝐨𝐮?
I say wealth is a relative feeling.
Some people compare their level of wealth to other people.
Some people compare their level of wealth to their previous levels of wealth.
Some people think of wealth in terms of the material possessions they own.
Some people think of wealth in terms of how much money they make.
𝗦𝗼𝗺𝗲 𝗽𝗲𝗼𝗽𝗹𝗲 𝘁𝗵𝗶𝗻𝗸 𝗼𝗳 𝘄𝗲𝗮𝗹𝘁𝗵 𝗶𝗻 𝘁𝗲𝗿𝗺𝘀 𝗼𝗳 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗶𝗻𝗴 𝗹𝗶𝗳𝗲 𝗳𝘂𝗹𝗹𝘆. (I am in that camp)
And some people compare their level of wealth to a number or benchmark that they think will make them feel wealthy.
The weird thing about money is that there can be a big difference between how much you think you need to feel wealthy & how the money makes you feel at certain levels of net worth.
𝗔 𝗹𝗼𝘁 𝗼𝗳 𝗶𝘁 𝗱𝗲𝗽𝗲𝗻𝗱𝘀 𝗼𝗻 𝘆𝗼𝘂𝗿 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹𝗶𝘁𝘆 & 𝗲𝗺𝗼𝘁𝗶𝗼𝗻𝗮𝗹 𝗺𝗮𝗸𝗲-𝘂𝗽.
Back to the roots:
The word wealth actually derives from ‘wel’ as in well-being – ‘in a state of good fortune, welfare, or happiness.’
So, what creates the state of true wealth?
It’s hard to consider yourself wealthy if you still worry about money all the time.
Might it be possible to minimize our financial stress by doing a few simple things?
You don’t have to turn your life upside down.
You just have to change the way you think about money.
𝕎𝕖𝕒𝕝𝕥𝕙𝕪 𝕡𝕖𝕠𝕡𝕝𝕖 𝕒𝕣𝕖 𝕘𝕠𝕠𝕕 𝕨𝕚𝕥𝕙 𝕞𝕠𝕟𝕖𝕪, 𝕒𝕟𝕕 𝕥𝕙𝕒𝕥 𝕚𝕤 𝕙𝕠𝕨 𝕒 𝕝𝕠𝕥 𝕠𝕗 𝕥𝕙𝕖𝕞 𝕘𝕠𝕥 𝕥𝕙𝕒𝕥 𝕨𝕒𝕪.
That one sentence taught me the value of money.
What about you?
What’s wealth to you?
Luckily, there are many different definitions when it comes to feeling wealthy. You just have to find the one that suits your personality & circumstances.
𝙃𝙖𝙫𝙚 𝙮𝙤𝙪 𝙛𝙤𝙪𝙣𝙙 𝙩𝙝𝙚 𝙤𝙣𝙚?
Share in the comments below …
Might feeling wealthy have nothing to do with how much money we have?
First Alternative Form of Wealth: I can say, “I have no idea” when I have no idea.
Second Alternative Form of Wealth: I have peace of mind.
Over to you.
“If you want a recipe for unhappiness, spend your time accumulating a lot of money and let your health and relationships deteriorate.“ – James Clear
“The record shows that, for society, the richer we become, the harder it is to live within our means. Abundance is harder for us to handle than scarcity.” – Nassim Taleb