Wealth Management And Wealth Attraction

When talking about possession,​ a​ person unconsciously refers to​ wealth. But depending upon its use,​ wealth can be defined in​ different ways. Basically,​ it​ can be classified into financial and non-financial.

Financial Wealth

In the​ economic world,​ wealth is​ defined owning items which have economic values. Example of​ having financial wealth is​ the​ accumulation of​ things like real estate,​ money and jewelries. There are reasons why people try to​ have financial wealth. the​ most common reason is​ security.

People with financial wealth also believe that having them brings power,​ respect and recognition. Depending on​ where you live,​ the​ amount of​ financial wealth you have accumulated will be relative. Wealthy individuals living in​ third world countries would be considered average in​ countries like the​ United Kingdom and United States.

Non-financial Wealth

While other people are occupied with the​ accumulation of​ material wealth,​ other people believe that true wealth is​ not something that has economic value. Faith,​ love and peace of​ mind are just some of​ the​ examples of​ non-financial wealth that some people strive hard to​ have in​ their life. the​ reasoning behind is​ simple. Even with all the​ material wealth in​ the​ world,​ a​ person would never feel truly complete or​ secured without non-financial wealth.

In recent years,​ society has finally looked at​ non-financial wealth as​ equally important as​ financial wealth. Ironically,​ some people need to​ spend money just to​ obtain non-financial wealth. They enroll in​ yoga or​ meditation classes to​ have peace of​ mind,​ donate huge amounts of​ money to​ participate in​ religious activities and even buy their loved ones expensive gifts to​ show their love and appreciation.

It is​ therefore obvious that people have integrated these two types of​ wealth to​ define the​ true meaning of​ the​ word. to​ achieve or​ create financial and non-financial wealth,​ here are some of​ the​ most common practices.

To achieve financial wealth,​ you can harvest natural resources and/or develop or​ change a​ material thing thru skills and knowledge application. Another way to​ create wealth is​ by improving methods in​ production,​ effectively creating wealth faster. You can decide to​ set a​ limit to​ your accumulation of​ financial wealth depending on​ your need for security. On the​ other hand,​ non-financial wealth can be achieved or​ created by analyzing your needs and priorities.

You can only achieve peace of​ mind if​ you know what you want in​ life. Since non-financial wealth is​ not quantifiable,​ it​ is​ difficult to​ realize whether or​ not you have enough of​ it​ in​ your life.
Wealth Management And Wealth Attraction Wealth Management And Wealth Attraction Reviewed by Henda Yesti on January 06, 2018 Rating: 5

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