Stop, take a breath; that’s better. The concept of wealth often gets narrowly defined by financial success. However, Sahil Bloom's insightful framework in "The 5 Types of Wealth" challenges this notion, offering a more holistic approach to achieving a fulfilling life.
Time Wealth:
Time is our most precious resource. Prioritising tasks that create energy and free up more time allows us to focus on what truly matters. It's about working smarter, not harder.
Social Wealth:
Building meaningful relationships and a strong network is crucial. Social wealth emphasises the importance of deep connections and the support system we cultivate.
Mental Wealth:
Continuous growth and mental well-being are key. Engaging in purposeful activities that challenge and inspire us helps maintain a healthy mind.
Physical Wealth
Our health is our foundation. Maintaining physical vitality through good habits ensures we have the energy to pursue our goals and enjoy life.
Financial Wealth:
While financial independence is important, defining what "enough" means for us personally is essential. It's about achieving financial stability without compromising other aspects of wealth.
With over 40 years of experience, I specialise in assisting individuals, couples and broader families with their financial planning and wealth management needs. I have successfully helped clients establish, manage, protect, and grow their assets, ensuring they achieve financial independence while also considering their time, social, mental, and physical wealth. The integrated approach aligns perfectly with Bloom's framework, helping clients lead enriched and satisfying lives.
By balancing these five dimensions, we can lead a more enriched and satisfying life. Bloom's framework encourages us to redefine success and focus on what truly brings us joy and fulfilment.
Reach out for an obligation-free initial discovery meeting to see if we are a good fit. Let’s start on Your Personal Financial Pathway, which brings what might be a novella into a two-page picture that is: factual, clear, and concise. This will help shift you up into another level.
“The journey of a thousand miles begins with a single step.” Lao Tzu reach out today with text, call, or email.
Phone: 0800 878 961
Email: bruce@stewartgroup.co.nz
Bruce Jenks is a financial adviser at Stewart Group, a Hawke’s Bay and Wellington-based CEFEX & BCorp certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, wealth management, risk insurance and KiwiSaver scheme solutions. Blog No 11.
The information provided, or any opinions expressed in this article, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from a Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz
