Helping you build holistic generational wealth so you can create a lifestyle you love and
Live Your Best Life the Rest of Life
So what is WEALTH?
Wealth is plentiful supply, well-being, or prosperity
Let’s review the 6 Types of Wealth and start to identify where you have plenty and where you are lacking.
The 6 Types of Wealth
Physical Wealth
Health and vitality are invaluable assets that contribute to one's overall well-being and quality of life. Investing in physical fitness, nutritious food, and self-care practices lays the foundation for a rich and vibrant existence.
Emotional Wealth
Mental and emotional well-being are priceless treasures that can't be bought with money. Cultivating resilience, nurturing relationships, and finding fulfillment in meaningful pursuits are essential aspects of emotional wealth.
Intellectual Wealth
Continuous learning and personal growth enrich the mind and expand horizons. Investing in education, acquiring new skills, and fostering curiosity are pathways to intellectual wealth and lifelong fulfillment.
Social Wealth
The strength of one's social connections and support networks is a fundamental measure of wealth. Building authentic relationships, contributing to communities, and fostering a sense of belonging are hallmarks of social wealth.
Spiritual Wealth
Inner peace, purpose and a sense of connection to something greater than oneself form the bedrock of spiritual wealth. Cultivating mindfulness, practicing gratitude, and aligning with one's values are pathways to spiritual fulfillment.
Financial Wealth
Cultivating a mindset of abundance, stewarding resources wisely, and living a life of purpose and fulfillment. Creating spending and saving habits that facilitate a joyful lifestyle.
Great! You know the 6 areas of WEALTH.
Now let’s talk about how we rob ourselves of WEALTH and how to fix it.
START HERE: Understanding WHY you consume
Spending or depletion of WEALTH is often driven by a combination of rational and emotional factors. While rational reasons for spending money may include fulfilling basic needs or making practical purchases, emotional reasons can be more complex and varied. Here are some emotional reasons for spending money:
Instant Gratification: Many people derive pleasure from purchasing and immediately owning a desired item. The anticipation and excitement of acquiring something new can temporarily boost mood and satisfaction.
Emotional Comfort: Shopping or spending money can be a form of emotional comfort or stress relief. Retail therapy is a common phenomenon in which individuals turn to shopping to cope with negative emotions such as sadness, anxiety, or boredom.
Social Status and Identity: Purchases can be motivated by a desire to project a particular image or social status. Buying luxury goods or branded items may be driven by a desire to signal affluence, sophistication, or belonging to a specific social group.
Self-Expression: Our personal styles and tastes are expressed through the items we purchase. Buying clothing, accessories, or home decor that aligns with our aesthetic preferences can be a way of expressing our individuality and identity.
Reward and Celebration: Spending money on special occasions or treats can be a way of rewarding oneself for accomplishments or milestones. Whether it's treating oneself to a nice meal, a spa day, or a vacation, these purchases serve as a form of self-celebration and acknowledgment of achievements.
Emotional Attachment: Some purchases are driven by emotional attachment or sentimental value. People may spend money on items that hold nostalgic significance or remind them of special memories, loved ones, or experiences.
Fulfilling Desires and Aspirations: Purchases may be motivated by a desire to fulfill long-held dreams or aspirations. Whether buying a dream home, traveling to exotic destinations, or pursuing hobbies and passions, spending money can turn aspirations into reality.
Escapism: In some cases, spending money on experiences or entertainment can provide a temporary escape from reality. Whether it's going to concerts, movies, or traveling, these purchases offer a break from the routine and mundane aspects of daily life.
Peer Influence: Social pressure and influence from friends, family, or social media can also influence spending behavior. People may feel compelled to keep up with others or participate in certain activities or lifestyles, leading to purchases influenced by external expectations.
Emotional Response to Marketing: Marketers often use emotional appeals in advertising to evoke specific feelings or desires that drive purchasing behavior. Emotional triggers such as nostalgia, fear of missing out (FOMO), or the desire for happiness and fulfillment can influence consumer decisions.
It's important to recognize that while emotional spending can provide temporary satisfaction, it's essential to maintain a healthy balance and ensure that spending aligns with long-term financial goals and values. Mindfulness and self-awareness can help individuals make more conscious and intentional spending decisions.