Discovering what life is about

The 7 Forms of Wealth

The 7 Forms of Wealth


When I say “wealth”, what immediately comes to mind? Money of course! In fact, the word "wealth" comes from "the condition of being well". Over the years, we asked many people what increases their well-being and found out that wealth isn’t as simple as money, but exists in so many forms. How can you start investing to build these 7 forms of wealth in your life today?


1. Financial Capital


Our society focuses a lot of attention on financial capital as it is our primary tool for exchanging goods and services with others. Financial capital is more than just money, but also investments that are traded on financial markets. When you invest money in a company, you are giving it “fuel” to achieve its potential, and if all goes well, some of that potential is returned to you, financially. This requires the foresight to understand what businesses will create value and grow in the long term. While money is important, our generation faces unprecedented financial uncertainty that is also causing environmental and social instability. We can no longer rely on building our security and wealth based solely on financial capital.


2. Material Capital


Material capital is just what it sounds like: non-living physical resources. From raw materials like stone, metal, and fossil fuels, to infrastructure like our buildings and roads, to manufactured things like our computer and our clothes, material capital is a common way we measure our wealth because we can see it and we can count it. We invest in material capital by investing in tools that increase our productivity or performance (books, laptops, warm clothes), that last and give value over a long time (good roads, solid shoes), and that preserve the environment (reusable glass bottles), rather than buying things with a throwaway mindset.


3. Wisdom Capital


Wisdom can’t be bought, but it can be accumulated through the application of experience and knowledge. Going to school and reading a book will give us knowledge but no wisdom. Investing in wisdom capital is about using our knowledge and experience to achieve mastery, so we can create more value for others with more insight and excellence. Visiting a foreign country, learning a new skill and practicing the skill amongst professionals, or teaching something that you already know all build wisdom. In the words of Dave Matthews: “You don’t have to be old to be wise, a bird doesn’t wait till he dies to fly.”


4. Nature Capital


From the Earth we come, and to the Earth we return, and in between, the Earth sustains us. It sustains us with water and food we consume, the air we breathe, and the environment around us Nature capital represents our water and our soil, the plants and animals, and ultimately the health of us and our planet. In a consumer-culture, many of our actions are about extraction (meaning we take a lot from the environment). The opposite is regeneration (meaning we give back to the environment), and there are more people now starting to grow their own food and reduce their carbon footprint. One simple way to start investing in nature capital, is to choose foods that are healthy even though they may not be as tasty - we can't do a lot in life, if we do not have our health!


5. Spiritual Capital


Spiritual capital means many different things to different people. For some, it comes from a practice of religion, and for others, it comes from a connection of self to a larger purpose - through being in nature, dance, or art! Regardless of practice, spiritual capital guides our values, gives us passion, and cultivates a level of mental and emotional resilience and peace when times are tough. Investing in spiritual capital is about deepening our practice and being of service to others.


6. Social Capital


All the happiness research has found that the number one key to happiness is the quality of our relationships. When we have social capital, we develop influence and connections among people that we can trust. Investing in social capital is not about having more friends on Facebook or followers on Snapchat or Instagram, but about building deep ties by being there for our friends and helping our community.


7. Time Capital


There is something that we all have in common, whether you are a student, Justin Bieber, or the president of the United States - and that is, we all have 24 hours a day. How we use it makes all the difference. Investing in building time capital is not only about having MORE time to do what is important to us, but more crucially, the quality of time we spend on those important things. Take for example a couple going on a dinner date, but are both glued to their phones and not talking to each other. While they are spending time with each other, their attention is not present with each other. The currency of time is our attention. And what we put our attention on, shapes our reality.



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The 7 Forms of Wealth


The 10 Forms of Wealth is a great exercise that you can utilize to find a little more balance in your life. Not all wealth is related to money, in fact we find wealth in our fitness, our family, our social circles, and many other places unrelated to the bottom line.


This simple exercise is used to evaluate 10 categories covering all areas of your life. Use this tool to see where you are flourishing and to improve areas that are lacking. Bringing everything together will help you live a healthier, happier, and more balanced life.


I was introduced to the 10 Forms of Wealth in the Todd Durkin Mastermind. This downloadable sheet has 10 categories that you evaluate yourself on each month using a scale of 1-10. The scale may change from month to month depending on what you are focusing on. Each month evaluate each area and determine what is going well and what needs improvement.


On the second sheet, write down 1-3 action steps in the category that you need to improve upon. You will focus on these action steps the following month. Add this exercise to your monthly checklist and stay tuned in to your overall well being.



1) Spiritual/Inner Self


Everyone needs personal nourishment. Take 10-15 minutes each day to give gratitude to what you are thankful for. Find a quiet place, free of distraction that you can use to give thanks. You can take a walk, meditate, journal, or find a place that allows you the space to be thankful.


2) Physical Health


Your health is a true sign of wealth and as a fitness professional, you should be putting your health first to be able to give your best to others. Your physical health is deeply intertwined with your mental health and you need both functioning on point to be at the top of your game.


3) Mindset


Mindset is everything. Your approach to each day will have a ripple effect throughout everything you do. When positive thoughts are running your day, you'll be able to bring that much more passion and energy to your work. When negative thoughts get in your way, you can visually see and feel how that head trash is effecting you. If you are having a bad day, go back to the things that help you get your mind right - meditate, workout, take a walk, talk to a friend, do something new, connect with family - do what you need to do to get you out of your funk.


4) Family


Are you getting quality time with your family? Are there any relationships that need tending to? It's important to nurture your family relationships. Many of us derive strength from those relationships and what you put into them will return back to you. If you are not getting what you need from your family, look into yourself and ask if you are giving them what they need. You will find the answers by being honest.

5) Professional


How do you feel about your career? Are you happy and passionate about what you are doing? Or are fear and frustration holding you back? If you're unhappy with where you are, talk with a friend and get feedback on what the next step(s) are. If you are doing what you are passionate about but are struggling to make things happen, join a mentorship, go to a business conference, or hire a personal coach. Sometimes we need a push from others to help us get unstuck and moving forward.


6) Financial

How do you feel about your finances? Are you in a good place? Could it be better or do your finances need a serious overhaul? Make sure you have a plan in place because you always need a plan no matter how well things are going. If your finances are not healthy, eat that frog and get your money organized.


7) Circle of Genius/Social


Who do you surround yourself with? Who are the 5 closest people in your life? Are they positive or negative people? Get rid of energy vampires and people who bring you down. Surround yourself with people you want to emulate. The people you spend your time with are a reflection of yourself, choose wisely.


8) Adventure


Are you having fun in your life? Are you finding adventure close to home? Are you taking the time to plan short trips, longer vacations, or staycations? We all need to take time off to refresh and recharge. Right now, look at your calendar and make sure you have time off this quarter.


9) Love


Are you taking care of yourself and loving who you are? Are you beating yourself up too much? Everyday, do something for yourself. It doesn't have to to be a big thing, you can take a walk, meditate, take a nap, read a book for leisure...think about something that would make your soul sing. When you love yourself, you can spread that love to others and show gratitude to them.


10) Legacy/Impact


Are you doing things that will have a positive impact on others? Do you take time to give back to your community in a meaningful way? What will you be remembered for? Will it be what you gave to your family during your lifetime? Will it be the impact you had on your community? Perhaps, you're impact will be on the world, one person at a time? Only you have those answers.



Download the 10 Forms of Wealth and work on it today. Do not set it aside for later in the week or month. Do it today, then do it every month after. See what changes in your life. You might be surprised at the impact a sheet of paper can have!


JANUARY 29, 2018


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Categories : Life purpose    Themes : Wisdom
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