4 Types of Wealth !

4 Types of Wealth :
( The What, Why, and How of Each )

1. Financial Wealth
   What:
   The type of wealth most people think of money, assets, investments
   
   Examples:
   – Retirement account
   – Diversified investments
   – Emergency savings
   – Disposable income
   
   Why:
   – Lets us enjoy basic comforts and pay for necessities
   – Contributes to time and health wealth
   – Enables retirement and risk-taking
   
   How:
   – Spend less than you make
   – Save as much as possible
   – Invest wisely, with a long-term perspective
   
   Caution:
   Chasing financial wealth at the expense of everything else is not wise money indeed does NOT buy happiness.

---

2. Social Wealth
   What:
   Some think of it as status, others as your relationships and connections
   
   Examples:
   – Family
   – Close friendships
   – Professional network
   – Local community
   
   Why:
   – Social connections are crucial to mental health and happiness
   – Support network in hard times
   – Sense of belonging
   
   How:
   – Check in on friends and family often
   – Spend device-free time with them
   – Help others (neighbors, via charity)
   – Join a group of like-minded people
   
   Caution:
   The connections must be meaningful – a few genuine and close relationships beat lots of weaker ones

---

3. Time Wealth
   
   What:
   Control over your schedule, and freedom on how you spend your time
   
   Examples:
   – Flexible work schedule
   – Time for loved ones
   – Time for hobbies
   – Ability to be spontaneous
   
   Why:
   – Time is finite and expendable
   – It’s often our most neglected wealth
   – Freedom of time leads to greater life satisfaction
   
   How:
   – Spend financial wealth to buy time wealth (ex: pay to delegate)
   – Set boundaries and say no
   – Consider flexibility as much as money when picking jobs
   
   Caution:
   Chase freedom, not doing more through efficiency or productivity

---

4. Health Wealth
   
   What:
   Your physical and mental well- being
   
   Examples:
   – Daily exercise
   – Great diet
   – Strong sleep
   – Mindfulness
   
   Why:
   – You can’t enjoy the other types of wealth without this one
   – The consequences of ignoring health are the most dire
   
   How:
   – Sleep at least 7 hours each night
   – Get physical activity every day
   – Eat a balanced and nutritious diet
   – Incorporate mental health practices: gratitude, mindfulness, meditation
   
   Caution:
   More than any other, seek professional guidance and help here.

---