Wednesday, July 31, 2013

What is Wealth?

Arabic Proverb: Inner Wealth Is Better Than Other Wealth
Most people associate wealth with Money or Finance, which I believe is a myopic view of the world.
Let me use MY wisdom to define Wealth. 



"Wealth is the amount of resources that you have, possess or own that would sustain without further addition, nurturing or effort." 

Complex ???

Let's see a simpler version: Wealth defined by Robert Kiyosaki 
"The definition of wealth is the number of days you can survive without physically working (or anyone in your household physically working) and still maintain your standard of living."
While Robert Kiyosaki's definition is focused on financial wealth, if one revises the statement to be generic, it might be close to initial definition.

Coming back to the main topic - What is Wealth?

They say 

  • Health is Wealth
  • Knowledge/ Wisdom Wealth
  • Relationship is Wealth
  • Your Family is your Wealth
  • Your Karma/ Reputation/ Brand is your Wealth, etc 
I found a interesting visual on levels of wealth at openmoney.info


Considering both ancient wisdom and modern understanding, wealth has many associated notions, meanings, understanding, as well measures. I urge you to introspect your own life, values and belief systems to understand what wealth meant to you till today and how you want to define it in the future. Be balanced, be holistic and dig deep within yourself to develop your definition of wealth. Don't be driven by other's definition of wealth!!! 

Having your own definition and being crystal clear of what it means to you is the first towards wealth creation. Now you may go to my opening definition of wealth and see if still makes sense - if not let me have yours. 

Enjoy Wealth Creation!!!

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