Wealth that money can’t buy

I’ve been asking people what their definition of True Wealth is for years because I know it’s more than simply money.

Last week, at the event to launch his latest book, ‘The Wealth That Money Can’t Buy,’  I had the privilege of asking the best-selling author and all-around guru Robin Sharma that burning question.

He described what he has defined as the eight core principles for true and meaningful wealth as follows;

The 8 Forms of True Wealth

1. Growth

True wealth is about continual personal growth and development. It’s about expanding your knowledge, skills, and mindset to become the best version of yourself. This could involve learning new things, challenging your beliefs, or pursuing meaningful goals that stretch your capabilities.

He suggests learning a new skill, taking a course or simply reading more good books.

2. Wellness

Maintaining good physical and mental health is a crucial aspect of true wealth. This includes prioritising self-care practices like exercise, nutrition, stress management, and mindfulness. 

Investing in your well-being allows you to show up fully in all areas of your life.

 ‘If you don’t make time for your health, you may have to make time for illness’

3. Family

Strong, nurturing relationships with family members are a key pillar of authentic wealth. This goes beyond just financial support – it’s about quality time, emotional connection, and creating a loving, supportive home environment.

Who wants to be wealthy all alone?

4. Craft

Pursuing work that you’re deeply passionate about and allows you to utilise your unique talents and skills is a form of true wealth. 

When you approach your work as a craft to be mastered, it can be a source of profound fulfilment. The same rules apply to your passions and hobbies if you’re retired.

5. Money

While not the sole determinant of wealth, having a healthy relationship with money and the ability to manage it responsibly is an important aspect. This includes saving, investing, and using money as a tool to support your values and goals.

Take time to understand your financial goals, objectives, and the strategy you have to follow to achieve them.

6. Community

Feeling a sense of belonging and contributing to a larger community beyond just yourself is a meaningful form of wealth. This could involve volunteering, philanthropy, or simply fostering strong connections with those around you.

Human beings gain a lot by giving back and offering support to friends, neighbours and the community.

7. Adventure

Embracing new experiences, stepping out of your comfort zone, and cultivating a spirit of curiosity and exploration are all part of living a truly wealthy life. Seeking adventure allows you to grow, gain new perspectives, and live more fully.

‘When was the last time you did something for the first time?’

Be bold – have an adventure!

8. Service

Using your time, talents, and resources to impact the world around you positively is a profound expression of wealth. Finding ways to be of service to others can infuse your life with a deep sense of purpose and fulfilment.13

“𝘚𝘰𝘮𝘦 𝘱𝘦𝘰𝘱𝘭𝘦 𝘢𝘳𝘦 𝘴𝘰 𝘱𝘰𝘰𝘳 𝘵𝘩𝘢𝘵 𝘢𝘭𝘭 𝘵𝘩𝘦𝘺 𝘩𝘢𝘷𝘦 𝘪𝘴 𝘮𝘰𝘯𝘦𝘺”  Bob Marley

The path to true wealth requires a holistic approach that nurtures physical, emotional, intellectual, spiritual, and social well-being and financial prosperity. The key is to consciously invest in all 8 forms of wealth, not just financial wealth alone.

His methodology provides a poignant reminder of the importance of living a life without regrets – more ‘I’m glad I did’ and less ‘I wish I had’

Ultimately, Sharma’s message is a powerful reminder to prioritise what truly matters in your life and invest a large amount of your time and energy in what money can’t buy.

This approach is very much in line with the philosophy embraced at Capital, where we enjoy engaging in conversations with clients about their hopes and aspirations.

I’d give the book a solid 4 out of 5 and recommend reading and reflecting on it. 

I’d love to hear your thoughts on the subject.

What’s your definition of True Wealth?