If you read to the very end, what I will share with you here will change a lot of things for you. Itโs a top secret that many people donโt know and will never get to know. But I freely give it to you because you are in my corner.
Very few people really understand what Wealth really is. Many more confuse it with Riches. And a large majority also believe that your lifestyle is a function of the money or riches that you have.
Let me help you with some insights that might go a long way to improve how you think about these things. Riches are measured in cash flow only. It means that if you are rich, you make enough money to express multiple options in the marketplace. It means that as a rich guy, whatever you want at your level of riches (because there are levels to these things), you will buy it. And the richer you get, the more things you will want and can afford to buy with your money.
But when it comes to wealth, it goes deeper than that. And the truth of the matter is that wealth is one thing that so many people do not have though they have a lot of money
But when it comes to wealth, it goes deeper than that. And the truth of the matter is that wealth is one thing that so many people do not have though they have a lot of money. Also, wealth is one thing that a person could have without having a lot of money.
I refer to this phenomenon as the โ๐พ๐๐๐๐๐ ๐ท๐๐๐๐ ๐๐.โ Wealth exists and must be understood from three levels:
๐๐๐ฏ๐๐ฅ ๐: ๐๐๐๐ฅ๐ญ๐ก ๐๐ฌ ๐ฆ๐๐๐ฌ๐ฎ๐ซ๐๐ ๐๐ฒ ๐๐ข๐ฆ๐
Here, wealth talks about your ability to sustain your current standard of living all things being equal without earning any additional unit of new income.
So, if you have N10 million and spend N1 million per month, you are 10 months wealthy. And if you have N10 million but spend N100,000 per month, you are 100 months wealthy.
This is why it is not really the amount that matters, but how you manage yourself around the amount.
๐๐๐ฏ๐๐ฅ ๐: ๐๐๐๐ฅ๐ญ๐ก ๐๐ฌ ๐ฆ๐๐๐ฌ๐ฎ๐ซ๐๐ ๐๐ฒ ๐๐๐ญ ๐ฐ๐จ๐ซ๐ญ๐ก:
Here, wealth is measured by the difference between your assets and your liabilities. That means, if you have more assets than liabilities, you are said to be wealthy as wealth at this level is measured in asset size. This is why having income-producing assets is very important as they will keep you safe. It is also the metrics used by Forbes to determine those who make it to their list.
These 2 levels of wealth are the much that the majority of people know. But there is another level known by very few humans. These few are the ones who enjoy and live life at a level that gives them an edge.
๐๐๐ฏ๐๐ฅ ๐: ๐ฐ๐๐๐ฅ๐ญ๐ก ๐๐ฌ ๐ฆ๐๐๐ฌ๐ฎ๐ซ๐๐ ๐๐ฒ ๐ญ๐ก๐ ๐ ๐๐ข๐ฌ๐ญ๐ข๐ง๐๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ ๐ฅ๐ข๐๐:
At this level, wealth is your ability to command wholeness in the important dimensions of life. Wealth at this level goes beyond money to accommodate other things that are more important than money.
The 5 wealth Distinctions…
๐๐ฌ๐ญ ๐๐ข๐ฌ๐ญ๐ข๐ง๐๐ญ๐ข๐จ๐ง: ๐๐ฉ๐ข๐ซ๐ข๐ญ๐ฎ๐๐ฅ๐ข๐ญ๐ฒ
This is your ability to connect to your spirit man and have a good relationship with a superior source. This could be God, Allah, or whatever you believe it to be. This is the most important Distinction of wealth because no matter how much of other things you have if you lose your soul or try to exist in this world without a spiritual anchor, you will be made a joke at the end.
๐๐ง๐ ๐๐ข๐ฌ๐ญ๐ข๐ง๐๐ญ๐ข๐จ๐ง: Fitness
This is your ability to be physically and mentally fit enough to carry out your daily work. Health is wealth Remember! A man who loses his mental or physical health has lost a lot.
๐๐ซ๐ ๐๐ข๐ฌ๐ญ๐ข๐ง๐๐ญ๐ข๐จ๐ง: ๐๐๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ๐ก๐ข๐ฉ
This is your ability to build and sustain valuable relationships with โImportant and significant Others.โ Your net worth is in your networkโฆ A man who has no quality relationship has nothing important no matter how much money he might have.
๐๐ญ๐ก ๐๐ข๐ฌ๐ญ๐ข๐ง๐๐ญ๐ข๐จ๐ง: ๐๐จ๐ง๐๐ฒ
This is your ability to command growth in money and what gives you the money. If you can understand money, make it, preserve it, and grow it and whatever you do to make it, then you have the money distinction in your favour. This is the least distinction because if money is all that you have, then you have nothing. But if you have the rest, even if you lose money, you will get it back.
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๐๐ญ๐ก ๐๐ข๐ฌ๐ญ๐ข๐ง๐๐ญ๐ข๐จ๐ง: ๐๐ข๐ฌ๐o๐ฆ
This is your ability to discern differences in people and events. The man who profits is one who sees opportunity where others see danger. And the man who loses is one who canโt tell the difference between a Rope and a Snake!
The wise King once saidโฆโ ๐น๐๐ ๐ค๐๐ ๐๐๐ ๐๐ ๐ ๐๐๐๐๐๐ ๐ ๐๐๐ ๐๐๐๐๐ฆ ๐๐ ๐ ๐๐๐๐๐๐ ๐: ๐๐ข๐ก ๐กโ๐ ๐๐ฅ๐๐๐๐๐๐๐๐ฆ ๐๐ ๐๐๐๐ค๐๐๐๐๐ ๐๐ ๐กโ๐๐ก ๐ค๐๐ ๐๐๐ ๐๐๐ฃ๐๐ ๐๐๐๐ ๐ก๐ ๐กโ๐๐ ๐กโ๐๐ก โ๐๐ฃ๐ ๐๐ก.โ
This is why I refer to wisdom as The Wheel of wealth as it determines how well and long you will enjoy the rest of Distinctions.
So, there you have it, my friends. A person who designs a life that enables him to experience these things in the quality and quality that matters will live a wealthy life with a lot of peace of mind too! This is why it’s very much possible to be rich without being wealthy, but you can’t be wealthy without being Rich.
I hope you learned something today. Cheers!
To your #moneysense.
