5 Kinds of Wealth

This is more like a "note to self" kind of posting.. it's from something someone said on Oprah, can't remember who (he did seem a bit supercilious) but what I remember was that he said in order to be considered truly 'wealthy' and thus happy in one's life - one should have a BALANCE of these 5 kinds of 'wealth':


  1. Material
  2. Intellectual
  3. Physical
  4. Emotional
  5. Spiritual
So lets break it down:

Material wealth - the most obvious one, of course, money & possessions etc. I would include a steady or assured income because there's nothing more stressful (to me) about not knowing whether you're going to get any income. Of course, some entrepreneurs may thrive on such an adrenaline rush, but not me, thank you.

Intellectual wealth - I believe it means more than just education or qualifications. It should also include the thirst for knowledge and having the ACCESS to knowledge that makes one truly wealthy. Not surprising that even in developed countries, you will find that the good public libraries are in the rich areas - even their suburban community libraries are superior to some developing countries' national libraries!

Physical wealth - would denote being healthy, getting good nutrition and like intellectual wealth; having access (through your material wealth) to health care and nutrition is also very important.

Emotional wealth - would denote relationships, and not just by being IN a relationship, it should cover having good relations with your family, friends, colleagues and so on. What's the point in being super rich but having animosity all around you? On the flip side, you can have a so-called happy family life but no money, that is also one kind of misery. It's all about the balance, right?

Finally, spiritual wealth - this is more than just professing a religion but having any form of faith / belief system is healthy. Only, keep it in moderation, thanks. I believe truly spiritually wealth people are kind, compassionate, generous, non-judgemental (!) and are just good to be around. Don't be fooled by people who seem very religious but actually have lots of prejudices and ego - they are spiritually poor.

So if you do yourself a score chart or a 5-spoke graph, then the ideal shape should be a pentagon, right? Means you're scoring high on all aspects and if you do, then congratulations, you've MADE IT. You need not be a millionaire but you are Truly Rich if you can have a good balance of all FIVE kinds of Wealth :)


So how do you match up against all this?

For myself - emotional wealth is a bit on the low side, tend to be a loner although have good friends and close to my family. But no other half, as I find it tough to maintain relationships, find them too suffocating. Need my space. It is in my chart, fortune teller told me I have 2 lonely stars afflicting me. She didn't say how to overcome them though... hmm..


Comments

Post a Comment

Popular posts from this blog

FundMyHome - Malaysia's new property crowd funding review

Hot on the heels of the 2019 Budget speech, the EdgeProperty together with the Government, developers and 2 major Banks (Maybank and CIMB) announced a new scheme to "crowdfund" property purchases called  FundMyHome So let's break it down in point form: It's not a traditional purchase transaction. "Buyers" put down 20% of the property price. For the next 5 years, they can stay in the property or rent it out - there are no details on any restrictions on renovations or major structural changes. You can renovate. There is nothing more to pay, no rent no interest. 80% of the remainder is funded by the 2 banks (hence, where is the 'crowd' in this so-called crowdfunding scheme?) At the end of the 5 years, the buyer can either sell the unit or take up a normal mortgage to purchase the unit in the conventional sense If he sells it and there has been an increase in value - he gets to keep 20% of the profit while 80% goes to the 'investor'. I
Read more

Ryan & Miho Petaling Jaya

Oh dear, I had meant to write a review about this for quite some time but have been busy. Also, I didn't have much time to see the property and the details - only the location which was already very attractive to me. So from the info that I got from the chat with the agent Phillip, the location is next to Jaya One - very nice location because you in PJ but with easy access into Bangsar, Damansara Heights, Mont'Kiara and thus into KL Centre via Jln Parliament or Jln Tun Razak. Jaya One has loads of amenities (although a little quiet for my taste, nonetheless middle & upper-middle class clientele) with office buildings - hence good rental opportunities; or if you are working there then this is an ideal property for you as it has a walkway connecting the condo to the commercial district. Pricing is reasonable at about RM700k+ for PJ area, I reckon that's a good buy. Believe it is leasehold but so is everything in that area, just about. My only grouse would be t
Read more

What does your neighbourhood say about you: Kuala Lumpur

Just a bit of fun.. :) If you live in ___ then you are ____ : Bukit Tunku (Kenny Hills) and Bukit Persekutuan (Federal Hill) = Seriously wealthy, old money, royalty, very low key. Bukit Damansara (Damansara Heights) = just one step below the above, either first generation civil servant families from pre- and post-Independance, politicians and ahem, business cronies. Also, business families who made it big from the 60's and 70's. Wealthy but a wee bit flashier than the Kenny Hills crowd. Still classier than .... Bangsar = Newer money, families of corporate figures and professionals who did well from the 80's onwards. An aspirational neighbourhood, it also attracts ambitious non-KL-born folks here to make it big. The party neighbourhood of the 90's, still remembered fondly for its bars, restaurants and late-night stalls after clubbing. A younger but more low-key  affluent clone of Bangsar is TTDI (Taman Tun Dr Ismail) ; TTDI folks are rather nicer and more easy-
Read more