What is Wealth – Finance?

Written by Marguerita Cheng

Some say wealth is the same as being rich. But being wealthy isn’t only about how much money you have. Like happiness, wealth can have different meanings for different people. It’s more than the money and possessions you accumulate. The quality of life you enjoy is a better representation of wealth than your salary.

Instead of focusing on your bank account, look for other ways to build a luxurious life. Many of you are rich, but don’t even realize it! To help you get started, here are six ways to measure wealth.

Your Mobility and Finance

Enjoying the freedom to travel or carry out simple daily activities is one of life’s greatest pleasures. When you’re able to take care of yourself or see the world, you'll find great richness in mobility.

The digital nomad lifestyle is a growing trend that lets people work from anywhere. Building a career that doesn’t depend on being in a specific location introduces countless opportunities to experience joy. For those who are tied to your job, the luxury of taking a vacation is an excellent way to feel wealthy.

And no amount of money can buy the ability to use your arms or legs. If you’ve ever broken a bone or had restricted movement from an injury, you understand how valuable basic mobility is in life. The next time you want something you can’t afford, relish the pure richness that comes from being able to get out of bed each morning.

Volunteering

If you’re feeling down because you think you’re missing out on life, remember that money can’t buy you happiness. But volunteering to help someone else can, and it’ll increase your self-confidence, too. It provides a natural sense of accomplishment when you do something good for others and the community.

Rather than feeling sorry for yourself, take the focus off yourself by enriching the lives of others. It’ll help you feel better to realize you’re a part of something bigger than yourself.

Spending your time helping others is a perfect chance to practice compassion. It doesn’t matter if you’re able to help one person one time or can volunteer every week, it can help you discover the real meaning of wealth.

Finance - Family Relationships

While in pursuit of the almighty dollar, sometimes families are pushed to the sidelines. Keep in mind that placing more value on monetary wealth can have consequences. Money can buy a lot of things, but it can’t buy joy or make up for lost memories.

Even though families aren’t perfect, nothing in life makes us feel quite as rich as the love of our relatives. With life moving faster than we can keep up with at times, it’s important to take stock of what truly matters in life.

Friendships

It’s fun to have friends who know how to have a good time. But the next time a job promotion comes up, or your car breaks down, who are you going to call? It’s easy to put more value on fun and not enough on respect and loyalty.

Taking a risk and opening up to others can feel intimidating and scary. Too often, fear lets the wrong people into our lives. These “fake” friends don’t provide the support and love you need to feel the richness of relationship. Making friends who will show up when you need them the most is extremely valuable.

Giving Thanks

Having a full bank account doesn’t eliminate misery in life. It’s possible to be financially free and sad at the same time. Unfortunately, it’s an all-too-common reality. But you have the power to create wealth by changing your mindset to focus on gratitude.

It costs nothing to recognize parts of your life that you’re thankful for. It reframes your thoughts and sets you up for future success regardless of your financial situation.

If you’re struggling to see the wealth surrounding you every day, starting a gratitude journal can help. Taking a few moments to recognize the little things you’re thankful for can invite abundance into your life.

Self-Care

Practicing self-care is often overlooked when crafting a wealthy life. Even during life’s busiest seasons, making yourself a priority can introduce an unparalleled richness in your life. After all, how can you give your time and energy to help others if you don’t first take care of yourself?

Our lives rarely go according to plan. Don’t spend too much time thinking about all that went wrong when so much is going right! You matter as a person, and you should treat yourself well. Working toward your health and happiness can transform the way you see the world.

Using Joy to Measure Wealth - Finance

If all the money in the world suddenly disappeared, would wealth still exist? The answer depends on how you define wealth. Overall, money is a poor measure of wealth. It might make you feel rich for a short amount of time, but it won’t last. 

This holiday season, shift your focus away from possessions. Instead, remind yourself that great wealth is found in the things money can’t buy.

What is Wealth - Finance What is Wealth - Finance What is Wealth - Finance