ALL ABOUT WEALTH

What Is Wealth?

Wealth is a lot of things…

It is much more than just money.

Wealth depends on who you are, what your interests are, and where you’re at in life. It is defined differently by every person, but ultimately, true wealth is freedom. It is the freedom to do what you wish, when you wish, with whomever you wish. It is the freedom that comes with not worrying. It is freedom from your enemies, and mostly from yourself.

Wealth is Freedom: Money freedom. Time freedom. Relationship freedom. Spiritual freedom. Physical freedom. Ultimate freedom = 5 freedoms + ability to pursue your genius.

Growing up, I always thought of wealth as being “rich” and having the fancy car and the huge house. Don’t get me wrong; I am still highly motivated by money itself… But what I’ve realized, is that ‘wealth’ is altogether something different.

Wealth involves a bunch of things, including: money, happiness, time, health, attitude, relationships, lifestyle, peace of mind, and any other thing you desire for what you view as a successful life. 

To be truly wealthy, you must be happy and content in all key aspects of your life. As the Buddhists say, contentment is the greatest wealth.

He is the richest who is content with the least, for content is the wealth of nature. – Socrates

Of course, there are challenges to overcome every day, but the wealthy do not worry about these obstacles because they have the ability and the resources to overcome them.

Wealth, although often misrepresented in our world today, is defined well by the following people:

Wealth is several days forward that you can survive without working. Wealth is measured in time, not dollars. – Robert Kiyosaki

Being rich is having money; being wealthy is having time. – Margaret Bonnano

Wealth is not his that has it, but his that enjoys it. – Benjamin Franklin

Passive income > expenses. – David Wood

Wealth is the ability to experience life. – Henry David Thoreau

As you can see, wealth involves so many things. It is not a simple answer, and it changes.

James Berman puts it in perspective when he says, “Beyond money for basic needs, wealth remains more a psychological construct than a factor of dollars and cents. And a comparative one at that.”

Remember, our goal each day is survival. Wealth is being able to do this well, and for a long period of time.

With all of that said, money is still a very important part to my personal view of wealth. As a result, it is a big focus for me and for what we do on Yo-pro Wealth. But, it is only a part of the solution, and this is an important thing to discover early in life.

Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. – Ayn Rand, Atlas Shrugged

Now, this is only the beginning of the discussion on the definition of wealth. We are all very fortunate, and you are extremely wealthy in so many ways already. 

I’ll end with another of my favorite definitions of wealth.

Wealth is just an abundance of what you really want.

Go out and get what you want.

Path Forward:

·         Think about what is important to you, and what your key aspects of wealth really are (financial, health, spiritual, etc.).

·         How do you fare for each of these areas of wealth? Take inventory of your level of wealth and identify the areas to improve.

It’s tough to figure out how to get to true wealth. Creating a lifestyle that fits you well takes time. But when you achieve true wealth you will live an abundant life while maintaining a nice runaway to continue to grow.

“The rich get richer by continually reinvesting asset profits back into assets.”

You don't have to sell your soul to be rich. Nor do you have to sacrifice your relationships to build wealth. You don' even have to scrimp and save! Sure, you can get wealthy that way - but it's no fun!

Fabulously wealthy people have a much better strategy for having it all: money, harmonious relationships, the right connections, the right opportunities, and more. It's not so much that they do things differently; it's that they have a different psychology.

Now you can get the tools you need so that you can replicate this psychology and achieve wealth beyond your wildest dreams, in the Wealth Magnet: Principles of Wealth Attraction.

This is breakthrough information that's tested and measured - a system that can be applied by anyone. For instance, when Dolf de Roos, a successful real estate investor and author of the Wealth Magnet began teaching his real estate students the foundational beliefs that all rich people share, his student's success rate went from 5 percent to over 80 percent!

Now, in the Wealth Magnet, you can apply this same knowledge to grow rich in any field. For example, you'll learn:

·        Why it's crucial to get rid of destructive beliefs like "Money is the root of all evil," "Money can't buy you happiness," and "Rich people get wealthy at the expense of the poor," and replace them with empowering beliefs like "Money gives me choices," "I will make a ton of money, have fun doing it, and be generous with it."

·       The critical difference between an abundance mentality and a scarcity mentality- and how to develop and apply an abundance mentality right away.

·       Why scrimping and saving is a "defensive" strategy to grow wealth - and why it's much better to expand your opportunities and create wealth in abundance.

·       How your newfound "millionaire mindset" will make every aspect of your life richer - you'll discover more opportunities to create value, to make contributions to others, and to express gratitude for the abundance you already have in your life.

·       The difference between good and bad debt - and how to use debt to your advantage, rather than being a victim of it