What Does It Mean To Be Wealthy

With respect to the above, I am reminded of a television advert some years ago aimed at selling a well loved Australian brand of chocolate biscuits. These were not just any choc biscuits, they were Tim Tams! They were made with a choc filling and each biscuits was then dipped and coated in more chocolate. You get the picture.

Anyway, the scene is set where a young man strolling on a beach on a hot summers day finds a bottle on the beach. When he unscrews the cap, a genie pops out and offers him his one wish. He says to the genie, “I want to be cool and I want to be rich”. So, the genie obliges by turning him into a packet of Tim Tams and sticks that in the fridge.

The advert finishes with a couple of attractive girls opening the fridge and are pleased to find the nice cool and rich Tim Tams as their afternoon snack. Win, win I think.

The point of this story is to draw your attention to the fact that if you cannot succinctly define what it means to be wealthy you may find it a bit of a struggle to become wealthy.

I have expanded on what I mean here: What does it mean to be wealthy Lorwai TAN recording

In essence there are two aspects to consider; firstly the tangible or material wealth. Secondly, and equally important is the intangible, and it encompasses qualities such as good health, happy and fulfilling relationships with most importantly being at peace with yourself.

The dictionary defines (material) wealth as “an abundance of valuable material possessions or resources”. These resources allow you to be financially free which means you are able to live a lifestyle of your desire without having to work or rely on someone else.

To determine if you have an abundance of valuable material possessions, follow this simple exercise. Take a piece of blank paper and draw a line down the middle. Heading one column, write “assets” and the other “liabilities”. This is the quickest way to determine your nett worth. It is basically what you own (free hold) minus what you owe ie how much of that is tied to loan repayments (debt). Hopefully you come out with a positive (in the black) rather than a negative (in the red) number.

So the name of the game is to increase your nett worth. And surprisingly one of the habits you want to cultivate is that of being able to receive with thanks and gratitude the good that comes your way. This may include the odd compliment! Learn to be an excellent receiver and do not deflect or downplay its value.

Remember the Universe is there to do your bidding so if you want material gain, don’t keep turning down the good things that come your way. The Universe will do as instructed!
 

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