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Measuring our Total Wealth
Total wealth approach is not all that complex. It is a balanced approach with the premise that financial wealth is only part of the equation – it is a means to an end. Spiritual/inner wealth cannot be bought, as it is what is within us: How we think? Where do we put our faith in? Our mental health? It focusses on all these aspects. Also, physical wealth is paramount for total wealth, how we maintain this can largely determine the other aspects of Total Wealth. However, it does not always mean a happy and fulfilled life – how many times have we heard sports stars at peak physical health facing anxiety and depression? Family wealth can often be a helpful driver of the other parts of the total wealth quadrant. Often you can be rich, but poor.
The elements of Total Wealth can be summarised as:
- Spiritual/Inner Wealth – the wealth within, your mind’s health, your faith and/or your trust in the unseen
- Family Wealth – the wealth derived from your relationships
- Physical Wealth – the wealth derived from your health and fitness
- Financial/Material Wealth – monetary and asset-based wealth
Calculate your total wealth
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