2 out of 5 wealth are linked to health

Money is the only type of wealth, you've been told; this is a fabrication. Wealth is more than just money.

The 5 types of wealth you MUST be aware of:

• Financial

• Social

• Physical

• Mental

• Time

However, if you are not careful, the pursuit of financial wealth can deprive you of the others.
Let's go over each one to get a more complete picture of wealth:

Financial Wealth

This is the most widely recognized type of wealth. It is commonly used to describe someone who is wealthy. Money—the money or financial assets that an individual has accumulated—is central to financial wealth. Financial wealth is a tempting yardstick for success.

Why?

The net worth of an individual can be reduced to a single number.

Net Worth = Total Asset Value - Total Liabilities

Net worth provides a simple scoreboard for those with a competitive streak.

Most people believe that money brings happiness.

Money is scientifically linked to happiness—but only up to a certain point in life, which is lower than you think.

Once above this point, additional financial wealth does not result in additional happiness.

So, if happiness is your goal:

(1) Concentrate on moving above this baseline.

(2) Concentrate on other sources of happiness.

This leads us to our other types of wealth...

Social Wealth

Social wealth is defined by our relationships with others in our respective worlds. Our social wealth is determined by the BREADTH and DEPTH of our connections to those around us. True social wealth necessitates depth—a small number of unbreakable social bonds.

Some people seek to accumulate social wealth by acquiring social status in addition to financial wealth.

They buy status by joining exclusive clubs or organizations, hosting events, and so on.

This is a dead end because money can only buy breadth, not depth.

Social wealth is created by cultivating meaningful relationships.

Spend time creating a broad and deep T-shaped web of connectivity.

Create a network of mentors, friends, and evangelists.

Physical Wealth

Physical wealth refers to your physical health, fitness, and vitality. It is possibly the most important—and underappreciated—type of wealth. It is effectively impossible to experience and enjoy the benefits of any other type of wealth without physical wealth.

Physical health is achieved through the long-term accumulation of daily actions.

There are three broad categories:

1. Exercise—regular movement

2. Nutrition—primarily whole foods

3. Rest—good sleeping habits

It is never too late to begin accumulating — or restoring — physical wealth.

HEALTH IS WEALTH

Mental Wealth

Mental wealth is defined as mental health, mental fitness, and the ability to grapple with life's tangible and intangible questions. It may include (but is not limited to) the following:

1. Mental Health

2. Wisdom/Knowledge

3. Mindfulness

4. Spirituality/Faith

Mental health is frequently overlooked, particularly by those pursuing world-changing endeavors, but it is vital.

Talk to someone, ask for help, and take daily steps to improve your mental health.

Never, ever put your mental health last.

Long-term knowledge and wisdom accumulation is also considered mental wealth.

This is what I mean by "mental fitness"—flexing your brain as a muscle and continuing to grow that muscle over time.

It is the most important muscle to flex on a daily basis!

Read, write, speak, and learn.

Mental wealth also includes the ability to grapple with life's intangible or unanswerable questions. Generally, this is accomplished by:

1. Mindfulness is a self-awareness developed through meditation,

2. breathing, or other practices.

3. Formal or informal spirituality and faith

Time Wealth

The freedom to choose:

• How to spend your time

• With whom to spend it

• Where to spend it

• When to trade it for other types of wealth

Time wealth is also about appreciating the precious nature of time—its worth and significance.

When you're young, you're a "time billionaire"—you have a lot of time.

Too many people do not recognize the value of this valuable asset until it is gone.

Consider time to be your ultimate currency—all it's you have and you can't get it back.

Time is a cruel mistress.

You will love it with all of your heart, but time does not care about you.

It is the epitome of unrequited love.

We can live because we accept that our time is limited.

NEVER allow the pursuit of financial wealth to deprive you of time wealth. This is a dangerous trap into which far too many people fall. Learn to use money as a tool to increase your freedom of choice.

To summarize, there are five different types of wealth:

• Financial (Wealth)

• Social (Relationships)

• Physical (Health)

• Mental (Well-Being, Spirituality)

• Time (Freedom)

The pursuit of financial wealth has the potential to deprive you of the others.

Do not allow this to happen.

Source: Sahil Bloom