noun. an abundance of valuable possessions or money; a plentiful supply of a particular desirable thing.
Are you wealthy? How rich are you? How much do you value your material wealth?
When I think of wealth, I don’t necessarily think money. I don’t think about how many pennies do I have in the bank, or how many bills I have to pay.
My family are self-employed. They work hard, they earn a decent living. They are modest in their spending. My parents made sacrifices as they chose how to spend their money, based the kind of lifestyle they wanted to have.
I have never been money-motivated. I have earned my own money from the age of 11, I self-funded myself through university by holding down multiple part time jobs – in my PGCE and NQT year I was managing a restaurant two nights a week.
I have always been financially independent. I am quite comfortable taking risks with my money, I am okay with being in the red, having an overdraft, having a loan, having a credit card. I borrow money when I need it as I know I will be able to pay it back later. I am also quite confident in negotiating my worth when it comes to money.
“Wealth is not about having a lot of money; it’s about having a lot of options”.
Are you experience wealthy? How experience-rich are you? How much do you value your experience wealth?
I am comfortable to be in the material-wealth ‘red’ to enable me to embrace experiences.
I consider myself to be wealthy because my live is rich with experiences. I live life to the full. I say yes to invitations and to opportunities.
I have travelled far and wide. One of my motivations to work hard is to earn the money to explore new countries. I enjoy spending my money on experiences that bring me joy – going to the theatre, chilling on spa days and taking flights to new places.
I do not see the money of having money sat in the bank for a rainy day, when there is a world to see.
“Wealth is the ability to fully experience life”.
Henry David Thoreau
Are you time wealthy? How time-rich are you? How much do you value your time wealth?
It is said that we are “all born rich in time”. We all have time at our disposal – it is our choice how we spend it, how we invest it.
As a teacher I was always time-poor. My profession made demands beyond the 9-5pm working routines of my friends who pursued other vocations. I would then compensate and seek work-life balance by doing lots in my social life. I evened out the balance, but it meant I was always busy doing stuff – professionally and socially. I realised that I had very little time left to just be, so I began to commit to ‘me-time’ and diarised dates with myself.
On leaving teaching I have re-evaluated my relationship with time and I have become wealthy in this area of my life. I have less material wealth, but I have more time wealth, so I feel richer as I can have more experiences too.
Our lived time is our ultimate richness in the universe.
“Time is wealth, and unlike money, when it is gone you cannot replace it”.
Are you relationship wealthy? How relationship-rich are you? How much do you value your relationship wealth?
Another thing that makes me feel rich, that makes me wealthy, are my relationships. I am a connector – I enjoy connecting with people and getting to know them. I also enjoy connecting people to other people where I can see there are connections.
I have friendship circles from many different aspects of my life. Each friendship enriches me and each circle supports me. I enjoy spending time with my friends and I enjoy sharing experiences with them.
I have made choices about relationships, like I have about my money, my experiences and my time. If they do not serve me, if they do not bring my joy, I make better choices.
“Your wealth is where your friends are”.
Are you mentally wealthy? How mentally-rich are you? How much do you value your mental wealth?
Physical, emotional and mental wealth are another way I feel rich. I am mentally wealthy. I have created the lifestyle and established the habits that enable me to be balanced and to live a balanced life.
As well as saying Yes to experiences, I say No to things that do not make me happy. I have clear boundaries and non-negotiables.
My mental wealth comes from my self-awareness, from my sense of self and from my core values. I value my piece of mind and make choices based on that.
“The first wealth is health”.
Ralph Waldo Emerson
So, for me, wealth is what we value and what brings us value. It is what we value and what we prioritise. We are rich and wealthy if we fulfil our potential.
“True wealth is not measured in money or status or power. It is measured in the legacy we leave behind for those we love and those we inspire”.
We are rich and we are wealthy if we are kind, if we are generous and if we serve others.
We can have an abundance of valuable possessions or money, but that will not make us happy.
Instead, we need to focus on having a plentiful supply of what we need, of what makes us happy and brings us joy.
“Without a rich heart wealth is an ugly beggar”.
Ralph Waldo Emerson