Personal Wealth

Is accumulated money and/or access to money synonymous with Wealth? Or is Wealth something entirely different? First, let’s define our term.

The Old Oxford Dictionary of Wealth

1. The condition of being happy and prosperous; well-being.

2. Spiritual well-being.

3. Prosperity consisting in the abundance of possessions; ‘worldly goods’, valuable possessions, esp. in great abundance: riches, affluence.

Let’s look at this a little closer.

Prosperous – Having continued success or good fortune; consistently successful; flourishing, thriving.

Spiritual well being is listed as second and certainly is a condition to well-being.

It is not until the third definition that worldly goods or possessions are described. In modern dictionaries, it is always used as the first definition.

Riches – Abundance of means or valuable possessions; wealth.

We can see in the definition of riches that it is important to have an abundance of means, or actions, which we can use to discern and grow Wealth.

Before significant accumulation of, or access to money occurs, Wealth already exists in another form: perhaps in a skill, an attitude, an idea, an insight, knowledge or in a way of doing things.

Wealth-filled living is a life filled with personal, exponential growth in all areas of the definition:

1. Health and general well-being
2. Lifelong cash flow
3. Lifelong skill building
4. Ability to transfer true wealth to heirs
5. Lifelong acquisition of relevant knowledge and mental stimulation

Personal wealth is your means of attaining the highest possible level of financial security every day of your life. Personal wealth involves you, grows with you, is retained by you and transferred by you, not just when you die but while you live.

Most people cannot accumulate enough money to fulfill their traditional financial planning requirements and therefore have no hope of future financial security. By using this blog to teach people how to distinguish, develop and manage personal wealth, I will assist, coach and mentor those who want to take the next step towards attaining the highest possible level of personal wealth.