THE 4 TYPES OF WEALTH TO HAVE FOR TOTAL FREEDOM

Real wealth is so much more than money.  

True wealth is the ability to live life on your own terms. It’s freedom. You should know that the cars, houses, blings, clothes are not indicators of true wealth; they are merely indicators of monetary wealth.

Wealth is when we have an abundance of anything in our life that we truly value.

Having defined what we mean by wealth, lets take a quick look at the types of wealth we must have to truly qualify ourselves as Wealthy – not only in monetary terms.

There are 4 types of wealth:

  1. Physical wealth (Health)
  2. Financial wealth (Money)
  3. Social wealth (Status)
  4. Time wealth (Freedom)

PHYSICAL WEALTH

Physical wealth or health is the ultimate type of wealth we should all possess because without it, there is nothing else we can achieve. It is the glue that holds all the other types of wealth and one’s life together.

HEALTH IS WEALTHBECAUSE WITHOUT HEALTH YOU CANT ACHIEVE WEALTH
HEALTH IS WEALTH

The majority of people fail to understand that health is true wealth. They fail to invest in their bodies and minds and aren’t even aware that this is even a worthy pursuit in terms of achieving all types of wealth.

Physical wealth involves understanding and taking conscious efforts in maintaining Proper Nutrition, Proper Sleep, Proper Exercise, Health Literacy, Healthy Environment.

On the other hand, there are some common traps that block people from achieving physical health which includes Low Quality Nutrition, Low Quality Sleep, Lack Of Proper Exercise, Lack Of Health Literacy, Unhealthy Environment and Bad Habits in general.

FINANCIAL WEALTH

FINANCIAL WEALTHIS MEASURED IN TERMS OFMONEY OWNED.
MONEY – COINS

This is the most common and relatable type of wealth. In Fact, every living being wants to amass and have this wealth in abundance so as to live and enjoy life to the fullest.

This is type of wealth guarantees freedom from financial turmoil and worries which is one of the chief causes of suffering within the majority of people’s lives.

Financial wealth is achievable by learning the arts of Investing, Not Spending every money you earn, Budgeting how you spend what you actually earn, Having Financial Literacy (Reading this blog for example) and Surrounding Yourself With Financial Masters & Mentors.

If these fundamentals are constantly being worked on and improved upon then financial wealth will not be a problem for you. These fundamentals have withstood the test of time and absolutely work as long as you do and pay attention to them .

But i hear you asking – If it was that easy, why is everybody not financially wealthy? There are some traps that keep people away from achieving financial wealth like Lacking financial literacy, Spending more than one earns, Not investing (Includes investing in oneself), Bad spending and budgeting Habits and Surrounding yourself with broke people.

SOCIAL WEALTH

social wealth defines the power of networking and influence.
Importance of a Strong Network

Social wealth also known to mean social status is one of the most underrated types of wealth that exist because we naturally don’t think of status as a form of wealth. We understand that status has value but we never make the connection that it’s actually a type of wealth.

Not much to be said on this but do take time out to read How to Win Friends and Influence People by Dale Carnegie .

TIME WEALTH

Time wealth is the ultimate form of wealth. It is FREEDOM. You cannot boast to have attained the pinnacle of wealth if you don’t the freedom to do with your time as you please.

TIME IS MONEY

Time wealth is what the majority of people really want along with the other types of wealth of course. But, time wealth is something that is rare in the modern day for the majority of people because they spend all of their time dedicating their resources, both physical and mental, to earning money.

Time wealth can be achieved by Understanding that time is finite, and as such try to Earn money outside of a traditional job structure.

I hope you strive to attain these 4 types of wealth!!!!

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