Are you wealthy and rich?
You might already be wealthy and rich and not even know it!
So what?
Being wealthy and rich allows you to:
- Spend time and money on things that matter;
- Set and achieve more meaningful goals; and
- Focus on what’s important.
What is wealth?
Wealth is defined as “an abundance of valuable possessions or money”. The definition itself does not place a limit or set threshold on the amount of wealth but specifies that it is “an abundance” of what you have. I see wealth as having time and/or money to do things you enjoy doing, find meaning in and that are important to you. Wealth is something that you need to define for yourself.
What is being rich?
Being rich is a state of being. It’s your mindset that determines whether you are rich or not. Having a scarcity mindset of your belongings will limit your ability to utilise your wealth to be rich whereas a growth mindset of your wealth will allow you to use your wealth as a tool.
Why is it important to define your wealth?
Defining what your wealth is, that is, your valuable possession(s), will give you clarity on your present and future goals.
What now?
Once you have defined your wealth, whether it’s time, money, health or space, you need to find out what being “rich” means to you. What does being “rich” mean to you? What would you use your wealth for to be and feel rich?
My experience
Whilst some may not consider us “wealthy” or “rich” as we are by no means “millionaires”, I consider ourselves wealthy and rich. We have sufficient time to do things that brings us joy and money to eat what we want and live in a safe neighbourhood. Prior to switching my scarcity mindset to a growth one, I hoarded time and money. I limited myself by scrimping and attempting to save. Once I shifted to a growth mindset, I utilised the time and money we have to be and feel rich. I abundantly spend time with my wife, two little ones and our fur baby. We go out and enjoy good meals on a regular basis. To me, that’s being wealthy and rich.
What now?
Ask yourself, are you already wealthy and rich? If so, what makes you wealthy and rich? If not, why not?