Wealth is a lot of things…
It is much more than just money.
Wealth depends on who you are, what your interests are, and where you’re at in life. It is defined differently by every person, but ultimately, true wealth is freedom. It is the freedom to do what you wish, when you wish, with whomever you wish. It is the freedom that comes with not worrying. It is freedom from your enemies, and mostly from yourself.
Wealth is Freedom: Money freedom. Time freedom. Relationship freedom. Spiritual freedom. Physical freedom. Ultimate freedom = 5 freedoms + ability to pursue your genius. – Mark Hansen/Robert Allen, The One Minute Millionaire
Growing up, I always thought of wealth as being “rich”, and having the fancy car and the huge house. Don’t get me wrong; I am still highly motivated by money itself… But what I’ve realized, is that ‘wealth’ is altogether something different.
Wealth involves a bunch of things, including: money, happiness, time, health, attitude, relationships, lifestyle, peace of mind, and any other thing you desire for what you view as a successful life.
In order to be truly wealthy, you have to be happy and content in all key aspects of your life. As the Buddhists say, contentment is the greatest wealth.
He is the richest who is content with the least, for content is the wealth of nature. – Socrates
Of course there are challenges to overcome everyday, but the wealthy do not worry about these obstacles because they have the ability and the resources to overcome them.
Wealth, although often misrepresented in our world today, is defined well by the following people:
Wealth is a number of days forward that you can survive without working. Wealth is measured in time, not dollars. – Robert Kiyosaki
Being rich is having money; being wealthy is having time. – Margaret Bonnano
Wealth is not his that has it, but his that enjoys it. – Benjamin Franklin
Passive income > expenses. – David Wood
Wealth is the ability to experience life. – Henry David Thoreau
As you can see, wealth involves so many things. It is not a simple answer, and it changes.
James Berman puts it in perspective when he says, “Beyond money for basic needs, wealth remains more a psychological construct than a factor of dollars and cents. And a comparative one at that.”
Remember, our goal each and every day is survival. Wealth is being able to do this well, and for a long period of time.
With all of that said, money is still a very important part to my personal view of wealth. As a result, it is a big focus for me and for what we do on YoPro Wealth. But, it is only a part of the solution, and this is an important thing to discover early in life.
Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. – Ayn Rand, Atlas Shrugged
Now, this is only the beginning of the discussion on the definition of wealth. We are all very fortunate, and you are extremely wealthy in so many ways already. However, there is always another level of wealth to get to, and YoPro Wealth is here to help you do just that.
I’ll end with another of my favorite definitions of wealth, from my friend Mike Kawula:
Wealth is just an abundance of what you really want.
Go out and get what you want.
- Think about what is important to you, and what your key aspects of wealth really are (financial, health, spiritual, etc.).
- How do you fare for each of these areas of wealth? Take inventory of your level of wealth, and identify the areas to improve.
- Sign up and get free updates on how to build lasting wealth! (And you get Expert Financial Advice for the Young Professional free!)
- Leave your definition of wealth in the comments section below!