“Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has.” – Margaret Mead
The unthinkable has happened in 2020 – markets have collapsed, anxiety and personal anguish are taking its toll, communities are questioning their very essence with many looking for scapegoats, some countries are relying on the “hope and wish” strategy and the under-privileged remain an unconscious priority.
Is this the beginning of a new paradigm of wealth?
What if wealth was not seen as how much money you had, but as a call to action? The larger your wealth; the more connected you were to your health and financial assets, the more significant you were to your friends and communities. What if wealth became a new measurement for fuelling your conscious hunger to heal the world?
Maybe, this isn’t so far off. Let’s take a closer look at 4 sub-components where wealth truly is more than a number.
Mental Wealth is the key to building resilience that enable us to cope with whatever life throws at us. Just like ordinary investments, taking some time to invest in our mental health can help us live richer and more fulfilling lives. Many events such as The Mental Wealth Festival are gathering huge momentum as we become more lonely and isolated, yet being more connected than ever. Growth of mental health concerns are at an all-time high – this is literally the great depression phase. Mental wealth is all about noticing that just like the markets, it can fluctuate up and down, and when we reach our lows it is not wrong to look for specialist guidance for help. Sleep deprivation and lack of support networks only compound the issue – these are crucial ingredients to your success.
Monitoring this form of wealth can lead to personalisation of recommendations and guidance to optimise your health wealth, which in turn can impact your financial wealth.
Financial wealth can be considered an abundance of valuable possessions or money. Through each cycle of our lives we need wealth to fund our lifestyles. As we first reach independence being young adults, we are faced with funding our own living expenses, including a roof over our heads. Then we are likely to focus on accumulating wealth by saving some of our income or beginning to make investments to grow our pot. The next cycle of life may involve a family with the added expenses of children. Then finally we start turning our attention to accumulating wealth for retirement.
If poverty makes us miserable, it stands for reason that financial wealth makes life worth living. But, it’s also true that money can’t buy total happiness.
Harvard Research suggests that meaningful relationships are a prescription for better emotional, mental and physical wealth. Dr Robert Waldinger, Harvard-affiliate at the Massachusetts General Hospital, said that, “people who are more socially connected to family, friends, and community are healthier, happier and live longer than people less well connected.” The quality of the relationship really matters, as good relationships appear to protect our brains well into our 80s. Relationship wealth is the genuine nurturing and improving of existing relationships with family, friends and colleagues. It is becoming more and more important, as this is compounded by our busy lives and the constant threat of digital distractions.
One of the most significant findings from The Blue Zones studying Centenarians, is the importance of social networks, frequent visits from friends, family focus and being surrounded by loved ones.
David Brooks in ‘The Second Mountain,’ explores how we can live more meaningful lives. He calls for us to be true to ourselves and mentions how we have taken individualism to the extreme and, in the process, we have torn the social fabric in a thousand different ways. The path to repair is through making deeper commitments, and the book illustrates what can happen when we put commitment-making at the centre of our lives. Stephen Covey, the author of ‘The Seven Habits of Highly Effective People,’ also talks about the highest accolade in life – leaving a legacy for others to remember and cherish. This could range from helping your local community centre or to you helping the United Nations forge the path forward – everyone can leave a legacy in our own special way for the world to cherish forever, but this requires insights and perspectives to guide us along this journey.
We believe that it’s time to look at a new paradigm of wealth and measure ways to improve one’s wealth score across your health, financial, relationships and your global impact.
Join our ARQ revolution, we are changing the very essence of how we think and measure wealth on our sacred planet.