Three Types of Wealth You Can’t Measure in Dollars and Cents

For most of us, when thinking of wealth, we think about having lots of money, a big piece of land, material things, or multiple real-estate properties that may increase its value. All of these can lead to the accumulation of wealth you can’t measure.

Still, others have the idea that money is what makes the world go around. However, the wealth you can’t measure is often not measured by monetary value, and the meaning of wealth can vary. Although money and possessions may help support individuals and their families financially, self-care is an essential facet of wealth not to overlook. When you take care of yourself, it may be easier for you to take care of the people you care about as well. Here are different types of wealth that you cannot measure in dollars and cents:

Relationships

To consider yourself wealthy in your relationships can take work. But the rewards of relationships can be priceless to those involved. For example, being a friend can reward your friends and family with someone they can count on to lend support and a listening ear—you! Devoting time to staying connected through events, lunches, golf games, or even watching over grandchildren can result in a healthy relationship and mental health. Building wealth in your relationships directly correlates to your self-esteem. It is part of nurturing a support system that can be helpful during the inevitable and often challenging times of one’s life.

Personal growth

When it comes to personal growth, people may correlate it to earning money. Where should you go to college to help you land the highest-paying job? What should you study? Often, wealth through personal growth comes from other things besides education or professions. To achieve personal growth, try something new that helps you see the world differently. Engage in conversations that challenge your current way of thinking. Surround yourself with people who will encourage you to be the best version of yourself. All of these things can make achieving personal growth much simpler. In addition, by gaining knowledge and expertise in intentional ways, you may see improvements in problem-solving and leadership abilities, have empathy toward others, and become a positive influence on others.

Health

As we age, health often becomes more valuable to us. How we treated our bodies in our lifetimes may determine our health later in life—smoking, overeating, or a lack of exercise may lead to health problems and the early depletion of assets. But even more valuable than assets is our health—without health, personal growth, relationships, and accumulating assets becomes difficult. The saying, “Health is Wealth,” reflects this reality.

How do you define wealth? 

Your definition of wealth you can’t measure determines how you plan for the future you envision. Connect with your financial professional to discuss your meaning of wealth and your financial goals.

SWG1692622-0621c

Disclosures

The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed. This information is provided as general information and is not intended to be specific financial or tax guidance. When you access a link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.

In addition, Malarik Financial Services is the home of the Life by Design Formula™.  This system helps us understand your lifestyle and financial goals. We organize your current investments and develop a plan to help you meet your goals. The process and playbook will help you deal with any circumstance that you face. From the time we meet throughout the rest of your life. In conclusion, contact us today to begin your custom design.