Types Of Wealth

 

Types Of Wealth

 

In this ARTICLE, we discussed about WEALTH

Concerning the types of wealth, there are basically, but arguably, 4 types of wealth:

Physical wealth (Health)

Social wealth (Status)

Financial wealth (Money)

Time wealth (Freedom)

And some persons have added Spiritual wealth (Enlightenment) which they think is even more important than all the others put together

The majority of people associate the term "wealth" with money, but this is a limited understanding of what it means to be wealthy.

Every aspect of one's life — wellness, relationships, finances, time, and so on — is included in wealth.

We'll go through each of these four forms of wealth in more detail below, as well as how they contribute to your own personal life.

Physical Wealth (Health)

The glue that binds all other forms of wealth and one's life together is physical wealth or health.

We cannot attain any other form of wealth, or at least not in a wise and long-term manner, without the health and physical vitality of our bodies.

The majority of people are unaware that true wealth is wellbeing.

They neglect to invest in their bodies and minds, oblivious to the fact that this is a worthwhile endeavor in the pursuit of all forms of money.

Understanding and mastering the following fundamentals is the key to physical wealth:

a.     Nutritional Supplements

b.     Getting Enough Sleep

c.     Training and movement must be done correctly.

d.     Literacy in the field of health

e.     Environment that is safe (People & Place)

f.      An Introduction To Energy Systems (Break Down & Repair)

Here are some of the most popular stumbling blocks to good physical health:

a.     Nutrition of Poor Quality

b.     Sleep of Poor Quality

c.     There is a lack of movement and training.

d.     Health Literacy Deficit

e.     Unhealthy surroundings (People & Places)

f.      Unhealthy Habits

Social Wealth (Status)

Since we don't think of status as a form of wealth, social wealth or status is one of the most undervalued forms of wealth. We recognize the importance of rank, but we never connect the dots to the fact that it is a type of wealth.

Understanding and mastering the following fundamentals constitutes social wealth:

a.     Persuasion Techniques

b.     a good name

c.     Character Body Language of High Quality

d.     An understanding of human nature and psychology is important.

This is by no means an exhaustive list of all the basics, but the ones mentioned above cover the vast majority of what constitutes social wealth or status.

Social wealth is primarily determined by how you communicate with others.

Yes, it deals with luxury vehicles, homes, appearance, and so on, but it mostly concerns the type of character you build and how others communicate with and view that character.

Here are some of the most common stumbling blocks to achieving social wealth:

a.     Inability to persuade

b.     Negative social standing

c.     Character of poor quality

d.     Human existence ignorance

e.     Psychological illiteracy

f.      Consumption of material goods

Financial Wealth (Money)

When we hear the word "capital," we immediately think of financial wealth, or income.

But, what does financial capital actually imply?

Financial privilege, in my view, is financial independence, which is the right to spend money on anything you want, whenever you want, with whomever you want.

This is total freedom from financial stress and anxiety, which is one of the most common sources of pain in most people's lives.

Understanding and mastering the following fundamentals is the key to financial wealth:

a.     Putting money into something (Assets vs Liabilities)

b.     Investing (Necessities vs Luxuries)

c.     Creating a budget (Consciously Allocating Money)

d.     Financial Intelligence (Reading, podcasts, events, etc.)

e.     Long Term > Short Term Surrounding Yourself With Financial Masters

f.      Efficient Behavior Modification

Financial wealth would not be an issue for you if these basics are continuously worked on and changed.

These fundamentals have stood the test of time and will continue to work for you as long as you follow them.

Consider a future in which you will never have to think about money again.

Consider how it would make you feel, how it would affect your relationships with the world and the people around you, how it would affect your family situation, and so on. Isn't it a wonderful sensation?

Well, if you make a commitment to the process of mastering financial wealth as well as the three other forms of wealth, you will achieve this kind of life one day.

Here are some of the most common stumbling blocks to achieving financial wealth:

a.     Insufficient financial knowledge

b.     Spending more than one receives is a bad idea.

c.     Not making an investment (Includes investing in oneself)

d.     Unhealthy Habits

e.     Surrounding yourself with people who are financially broke is a bad idea.

f.      Thinking in the short term is preferable to thinking in the long term.

Time Wealth (Freedom)

Having your own time to spend as you want, where you want, and with whom you want is known as time wealth or independence.

Time wealth, along with other forms of wealth, is what the vast majority of people want.

However, the majority of people in today's world lack time wealth because they devote all of their energy, both physical and mental, to earning money.

Understanding and mastering the following fundamentals is the key to accumulating time wealth:

a.     Making profits outside of the conventional work environment

b.     a realization that time is limited

c.     An awareness of how most people exchange time for money

Here are some of the most common stumbling blocks to achieving time wealth:

a.     Keeping a “safe” and traditional work structure

b.     Acting as if time were a limitless resource

c.     Spending time on drugs, partying, and general hedonism

Spiritual Wealth (Enlightenment)

So, what does it mean to have spiritual wealth?

Spiritual riches are derived from within. It's your sense of well-being, mindfulness, and spirituality, which you can access at any time.

True spiritual wealth is something you have command over.

Material capital, on the other hand, has a tendency to change over time.

It's affected not only by internal factors like bad financial decisions, but also by external factors like the environment, natural disasters, and a slew of other factors outside your control.

Because of the many injunctions from the Holy Books and Prophets that have passed this way, some people believe that spiritual riches do not go hand in hand with material or financial wealth, but they seem to forget that man is a spiritual being on a physical quest to learn more, and he needs to be financially able to finance his spiritual excursions.

Without capital, it is impossible to be of spiritual service to anyone.

The magic happens when you strike a balance between spiritual riches and material wealth.

So, with all of this in mind, how much spiritual capital do you have? What effect has this had on your overall perspective on wealth?

What Does It Mean to Be Spiritually Wealthy?

Here's where I'm going to put you to the test: Make a list of what spiritual riches entails for you. This is the first step in coming up with a new idea of wealth for yourself.

You should welcome the energies of the unique vision into your life once you have a good understanding of what spiritual wealth means to you. Your definition does not have to be about money; it could be about happiness, spirituality, or equality, for example. Spiritual capital, however you identify it, is yours to keep and no one can take it away from you.

Now that you've described spiritual wealth, I'd like you to describe wealth in general.

This is, once again, your own personal description.

Where do you stand in terms of financial and spiritual wealth? What strategy would you use to do this?

The 4 Types Of Wealth's Modern Day Trap

When it comes to the four forms of capital, the majority of people fall into a huge pit from which they rarely escape.

Here's the catch: Be wary of jobs that offer financial wealth (money) and social wealth (status), but deprive you of time wealth (freedom) and physical wealth (health).

This is the most serious issue that the modern world faces, and it is important to recognize that you will quickly slip into it if you do not consciously pursue what is meaningful and wise on your life's journey.

The majority of citizens prioritize money and status over time and health. In the short term, this “works” in the individual's favor, but in the long run, it has negative implications.

An individual can gain financial wealth and social wealth, giving the impression that they are on the right track, but if they neglect their time wealth and physical wealth, they are unintentionally on the road to personal disaster.

What good is it to have all the wealth and power in the world if you don't have time to enjoy yourself or the physical stamina to feel good while doing so?

The reason is that the tradeoff isn't worth it. And it is a tradeoff, but one that is often rendered unintentionally rather than consciously.

To get a better understanding of what situation you're in and if you're stuck right now in your life, ask yourself the following questions: "Am I seeing the benefit in concentrating on my time and wellbeing, as well as my finances and status, and does that show in my actions?"

“In which of the four forms of wealth am I lacking, and how can I instantly improve?”

“In which of the four forms of wealth do I excel?”

Conclusion

We all have the potential to attain all four forms of wealth in our lives, and when we do, an odd thing happens: we begin to experience the wealth of fulfillment.

When all four of these wealth forms converge and are continually improved upon, the wealth of fulfillment emerges. This is the location in which we all wish to be.

Keep in mind that mastering each of these types of wealth takes years, and in certain ways, you might think of it as a lifelong phase that never ends because these types of wealth have no end. There is only ever-increasing progress.

To master and take control of these forms of wealth, it takes years of effort, practice, humility, learning, understanding, networking, and so on, so get started right away and don't be fooled into thinking they can't all be worked on at the same time.

#wealthisearned