Our Mission
Helping you build holistic generational wealth so you can create a lifestyle you love and
Live Your Best Life the Rest of Life
What exactly is WEALTH?
Wealth is plentiful supply, well-being, or prosperity
Before we can begin to talk about the 6 Types of Wealth and how to grow it, we first have to talk about how we consume Wealth. Let me help guide you understanding your spending habits and how to change them.
“What gets measured gets done”
If you are constantly tracking your wealth, you always know where it is going.
START HERE: Understanding WHY you consume
Spending 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.
Did any of those resonate with you?
More than one?
Yeah, me too!
We all constantly struggle with the comparison trap and spending. But what we don’t realize if that if we are constantly trying to keep up with the Joneses, we will never have true wealth and joy.
So now let’s dive into the 6 Types of Wealth
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.
The Journey Toward Wealth
Mindset Mastery
Cultivate an abundance mindset that focuses on possibilities rather than limitations. Embrace a belief in your inherent worthiness and potential to create abundance in all areas of life.
Goal Setting
Could you define your vision of wealth and set clear, actionable goals to guide your journey? Whether it's achieving financial independence, pursuing a passion project, or positively impacting the world, clarity of purpose is essential.
Financial Literacy
Educate yourself about personal finance principles and strategies for wealth accumulation. Develop healthy money habits, including budgeting, saving, investing, and managing debt effectively.
Lifelong Learning
Commit to continuous growth and development in all areas of life. Invest in your education, seek out mentors and role models, and embrace challenges as opportunities for learning and refinement.
Gratitude Practice
Cultivate a daily practice of gratitude to shift your focus from scarcity to abundance. Acknowledge and appreciate the blessings and opportunities in your life, no matter how small.
Generosity and Service
Share your wealth – time, talents, or resources – with others in need. Embrace a spirit of generosity and service, knowing that true wealth is not hoarded but shared for the greater good.
Wealth is a multifaceted journey extending far beyond material possessions' confines. It's about cultivating abundance in all areas of life – physical, emotional, intellectual, social, spiritual, and financial. By embracing a mindset of abundance, living with purpose and intention, and stewarding resources wisely, we can navigate the path toward true prosperity and fulfillment. As we embark on this journey together, let us remember that true wealth is not measured by what we have but by who we are and how we impact the world around us.
Since MOST people only focus on Financial Wealth, lets discuss that one a little bit further.
3 Progressions of Financial Wealth
Financial Security
Having the resources to meet current needs and withstand unexpected expenses or emergencies without undue stress.
Financial Independence
Achieving a level of wealth where work becomes optional, and individuals have the freedom to pursue their passions and interests without financial constraints.
Financial Freedom
Having the ability to live life on one's own terms, without being bound by financial obligations or limitations. It's about having the freedom to make choices based on personal values and priorities, rather than financial necessity.
Most people are here:
Financial Security
The Journey Toward Financial Wealth
Achieving financial wealth requires discipline, planning, and a commitment to long-term success.
Here are some key principles and strategies to consider:
Financial Education
Invest in financial literacy and educate yourself about personal finance principles, including budgeting, saving, investing, and managing debt. The more you understand about money and how it works, the better equipped you'll be to make informed decisions and build wealth.
Goal Setting
Define your financial goals and create a roadmap for achieving them. Whether it's saving for retirement, buying a home, starting a business, or traveling the world, having clear, actionable goals will help you stay focused and motivated on your journey.
Budgeting and Saving
Develop a budget that aligns with your financial goals and priorities. Track your income and expenses, identify areas where you can cut costs or save money, and prioritize saving and investing for the future.
Seeking Professional Guidance
Consider working with financial advisors or planners who can provide personalized guidance and expertise tailored to your individual financial situation and goals. A qualified professional can help you develop a comprehensive financial plan, optimize your investment strategy, and navigate complex financial decisions with confidence.
Investing
Put your money to work for you by investing wisely. Diversify your investment portfolio across different asset classes, such as stocks, bonds, real estate, and alternative investments, to mitigate risk and maximize returns over time.
Managing Debt
Be strategic about managing debt and avoiding high-interest loans or credit card debt that can erode wealth over time. Pay off debt systematically, starting with high-interest debt, and consider refinancing or consolidating loans to lower interest rates and save money.
Building Multiple Streams of Income
Explore opportunities to generate passive income streams, such as rental properties, dividend-paying stocks, royalties, or online businesses. Having multiple sources of income can provide stability and resilience in uncertain economic times.