Tag: relationships (page 2 of 7)

Beyond Money: A Guide to the 5 Types of Wealth

Your wealthy life may be enabled by money, but in the end, it will be defined by everything else.

This quote is from a book by Sahil Bloom. The title is 5 Types of Wealth: A Transformative Guide to Design Your Dream Life. I love this book for two reasons.

Firstly, because of the quote above.

The second reason is that it recognises that there are no fixed timelines on which you can change, fail, learn, grow, and adapt. Everyone’s seasons and definitions of balance are unique.

Quote by Naval Ravikant

Quote by Naval Ravikant

For instance, how you approach your early twenties is probably different how you lived (or live) your late twenties.  Your twenties might have been your foundation-building season. And then your thirties then become your compounding season.

If you are already moving fast, your thirties may already be your family-building season.

Or that is what your forties will be for. There’s no predetermined guide for this journey. That’s why life is so beautiful.

Now let’s come back to why I mentioned Sahil’s book.

The 5 Types of Wealth

Sahil Bloom believes there should be a new scoreboard when measuring wealth.

On this updated scoreboard, there must be Time Wealth, Social Wealth, Mental Wealth, Physical Wealth and Financial Wealth. He believes these are the five pillars to living a truly wealthy life. And I agree with him.

Let me tell you why.

Beyond Money: 5 Types of Wealth

Beyond Money: 5 Types of Wealth

#1: Time Wealth

This is the freedom to choose how to spend your time, who to spend it with, where to spend it, and when to trade it for something else.

Time wealth means having enough free time to do things you enjoy. It’s when you don’t feel rushed or too busy. People with time wealth get to choose how they spend their days.

If you disregard your time wealth, you become trapped in a loop of busyness, running faster and faster but never making progress.

Read More Here: Time Wealth: How to Invest Your Finite Moments

#2: Social Wealth

The connection to others in your personal and professional worlds is your social wealth.

Social wealth is having good friends and family who care about you. It’s the depth and breadth of your connection to those around you. The more people who love and support you, the more social wealth you have.

When you neglect your social wealth, you will lack the weighty relationships that provide lasting satisfaction and joy.

Read More Here: Social Wealth: Why Relationships Might Be Your Real Net Worth

#3: Mental Wealth

This is the connection to a higher-order purpose and meaning that motivates and guides your short and long-term decision making.

Mental wealth is having a happy, calm mind. People with mental wealth can solve problems without getting too upset. They can stay positive even when things get hard.

If you disregard your mental wealth, you live a stagnant life with self-limiting beliefs, low-purpose activities, and continuous stress.

Read More Here: Mental Wealth: What You Had as a Kid That You Need Back Now

#4: Physical Wealth

Your health, fitness and vitality are your physical wealth.

Physical wealth is having a healthy body that works well. People with physical wealth do not get sick very often. They always feel strong.

They always have energy to run and play.

When you neglect your physical wealth, you are at the mercy of the natural physical deterioration that robs you of enjoyment, especially in the latter half of life.

Read More Here: Physical Wealth: Invest in Your Health Today

#5: Financial Wealth

This is simply your financial assets minus financial liabilities.

Financial wealth is having enough money for what you need and some of what you want. People with financial wealth can easily buy food, clothes, and have a safe home. They also have money saved for later, so there are no worries about paying for things.

If you disregard your financial wealth, you live a life of continuously matching inflows and outflows, a never-ending chase for more.

Read More Here: Financial Wealth: 3 Simple Pillars of Mastering Money

Let’s unpack this.

The Old Definition of Wealth was Limited to Only Money

The problem is we are told to “hustle” for financial wealth, but never taught to balance the other four.

Neglecting Social Wealth creates loneliness, isolation and burnout. When you also always sacrifice your Time Wealth for Financial Wealth every time, your Physical and Mental Wealth often suffer. Others wait until they lose their health to start appreciating Physical Wealth.

Sometimes, we focus too much on getting money (financial wealth) and forget about the other kinds of wealth that make life good. For instance, without a healthy body and mind, it’s difficult to fully enjoy and cultivate the other areas.

5 Types of Wealth

5 Types of Wealth

All 5 Types of Wealth are Important for a Happy Life

Having all five types of wealth makes life better and more satisfying.

When you have enough time, you can do what you love or rest without feeling bad. Having good relationships gives you people who help when things are hard and who share your happy moments.

A healthy mind helps you bounce back from problems and think clearly. A healthy body gives you energy and lets you live longer to enjoy life.

Together, these help you do more than just get by. You can live well, feel connected to others, and have purpose.

Learn to Convert Wealth from one type to another

The wealthy life comes from knowing when and how to make these wealth transfers.

Sometimes, the wisest move is to convert Financial Wealth into Time Wealth by outsourcing tasks that drain your energy. Or maybe you’ll trade some Social Wealth by declining a few invitations to boost your Mental Wealth through solitude and reflection.

You can also focus more on a specific type of wealth for a specific season of your life.

In your twenties, building Financial Wealth might take precedence. Then your forties might be the season to cultivate deeper Social Wealth. The key is recognising which wealth type needs your attention during each life season, without completely neglecting the others.

Ask yourself – which of the 5 types of wealth do you need the most? Which ones are you neglecting right now?

Cultivate all the Five Types of Wealth

By consciously cultivating all five types of wealth, you build a robust and resilient foundation for your life.

You gain the freedom to enjoy your resources (time wealth), the support to navigate challenges (social wealth), the clarity to make meaningful choices (mental wealth), the energy to pursue your passions (physical wealth), and the security to live without constant financial worry (financial wealth).

Overcoming the problem of focusing on only one form of wealth leads to a life that is not only prosperous but also deeply satisfying and sustainable.

Reinvention: How to Live Multiple Lives in 1 Lifetime

Reinvention is how you live multiple lives in one.

Let me explain how. April 12 was my birthday. The birthday came with beautiful prayers, wishes, and messages.

And it felt so good to be appreciated.

The birthday anniversary also reminded me of how fast life moves, with responsibilities and relationships growing stronger or weaker with time.

Time is Constant for Everybody, yet Different for Anybody

When you are in your 20s, you seem to have abundant time.

It’s the same 24 hours for everyone, but you have more energy to stay awake. And so many interests, passions and causes compete for your ‘seemingly infinite’ time.

Whether it’s launching a business or growing your business. Whether it’s finding a new job or maintaining your current job.

Starting an NGO. Or being part of an NGO. Watching a personal development video. Or re-watching a Netflix series.

The options are limitless.

Then suddenly, your time now seems to get shorter with every birthday celebration.

Reinvention: The True Concept of Time

Reinvention: The True Concept of Time

There used to be days when I woke up by 5 a.m., went to work, called friends, read voraciously, wrote over a thousand words, took an online course, slept by 1 a.m., and still felt energetic the next day.

Now, there are days when I struggle to read, return a missed call or finish a 90-minute movie as I try to relax.

Even though you want time to go at your pace, this is when patience comes into play.

The Patience Paradox

In this present age of cybercrimes and the increasing display of wealth, it is easy to sway from the right path.

Let me explain this with a few real-life scenarios:

Example 1: You just started your business. You sell cakes. Or probably clothes.

Your cakes are sweet and amazing. Your clothes are top-quality and fitted.

But the customer patronage is low. The sales are not coming as you expect.

Then you ask yourself, why do I have Few customers?

The keyword is PATIENCE.

Example 2: You wrote your first book. Or built your first app.

You spend a lot of energy and time on it. Excitement overwhelms you. You are hyped up.

You finally launch the book. Your app is live on the mobile app stores.

You get a lot of congratulations, but the users are few.

It’s nothing compared to the resources spent.

Then you ask yourself, why is my book not a bestseller? Why are people not talking about my app with their friends and family?

My friend, the keyword is PATIENCE.

Example 3: You organise an event.

You design flyers and publicise them on social media.

The venue is set.

You even bought light refreshments for your guests. You tell your friends, family and even enemies.

Most of them promise to come. You are already imagining a fully packed event.

Then the D-day comes. Only a handful of people attended.

And some of them only came because they heard there would be small chops.

Then you ask yourself, am I missing something here?

The keyword is PATIENCE.

In these situations, you have two options.

You can either wait for your friends to make money and then buy your products.

Or you can search for clients who are willing to pay for your services.

Both choices will still take time. It will still require PATIENCE.

Does this mean, you should stop trying? Of course not.

Patience is one of the most underrated virtues. It takes patience to stop making rash or stupid decisions when climbing the ladder of success.

It takes patience to analyse a situation and make the right decision.

Reinvention: The Patience Paradox

Reinvention: The Patience Paradox

You can always speed up the process through direct mentorship, deliberate practice and careful observation of the greats.

But you should not skip the process altogether.

Trust the process. Enjoy every moment you spend today in improving yourself and your craft.

Patience is the bridge between lifetimes, and this is when it leads to growth.

Growth – The Misinterpreted Compounder

When we were younger, growth was often defined as the irreversible increase in age and size.

But now that you are older, this concept changes, especially for life itself.

Growth is now the increase in character, competence and convictions.

The attitude you exhibit. The passion and dedication you infuse in your work and craft.

And the values and principles that govern your daily decisions.

As I read some messages on my birthday, I rediscovered that growth is not just counting the number of birthdays you have witnessed so far on Earth.

But it’s also in the quality of your relationships – people above, below and on your level.

Growth is reflected in your influence over people and in the values you try to teach and learn daily.

Reinvention: What Growth also Means

Reinvention: What Growth also Means

The destination may change. The career prospects may not be what you planned it to be.

But one thing is still sure,

God’s Grace. Dedication. Diligence. Perseverance. Execution. Creativity.

The principles that worked for successful people will still work for you and me too.

Growth is the soil where your multiple lives bloom.

The Rule of Reinvention

In my “past lives”, I have been a laptop seller, graphic designer, biology undergraduate and even a client experience officer.

Elon Musk worked on online maps, business directories, and financial services before he became CEO of Tesla. Dangote imported and distributed commodities before he started manufacturing. Jesus Christ was a carpenter, healer and teacher before he became the saviour.

Most people replay the same year 10 times and call it a decade.

They work, sleep, scroll, repeat. They do not evolve, only age. That’s not life.  That’s existing.

Living multiple lives in one lifetime requires intentional evolution, not just passive endurance.

Leonardo da Vinci didn’t just paint the Mona Lisa; he was an inventor, scientist, and architect. Each pursuit was a “life” he lived within one lifetime. Oprah shifted from news anchor to media mogul to philanthropist. Each phase was a distinct “life.”

The key to reinventing yourself is to learn skills and keep compounding them. Every new skill is a new life. So, try to learn and apply one life-changing skill per year.

Coding, storytelling, public speaking, negotiation, photography — each opens a new version of you.

My book, Fast Track, can help you learn skills and place you on the path of reinvention in a shorter time.

Embrace skill stacking. Don’t see learning as ending with formal education or your current job. Actively seek out and dedicate time (even just 30 minutes a day) to learning a skill completely unrelated to your main hustle.

Use Patience to build competence, let time allow it to mature, and watch how this new skill adds another “layer” or potential “life” to your existence.

Treat your Life as a Netflix Series

Think of your life not as a single career path or role, but as a Netflix series.

Just as how a Netflix series rarely stops at a single season, you should not limit yourself to one version. Develop all aspects of yourself.

Each reinvention of yourself is a new season.

Your season 1 can be “the Hustler”. Season 2 can be “the Learner”. Your season 3 can be “the Baller”

You don’t cancel the show after one season. You keep producing, rewriting, shocking the audience. The plot twist is your responsibility.

Living multiple lives means actively working and balancing these different storylines in your series over time.

Some seasons might be excellent while others are just okay, and you might add entirely new storylines throughout your lifetime. Time allows each episode to improve, Patience helps you get better seasons (life challenges), and Growth is the overall increase in your series’ value (your richness of experience and character).

Don’t let your years pass by and track only birthdays.

Create intentional ceremonies or markers when you’re entering a new “life” phase.

What about the day you started your first business? Or started a new job? Did you mark the day you moved to a new city with just faith and your laptop?

Create the Right Timeline

Create the Right Timeline

In the End, Reinvention is for Your Own Good

When you cultivate different aspects of yourself – different skills, different roles, different knowledge bases – you build incredible resilience.

If one area of your life faces a setback (like a job loss, a business downturn), you have other developed parts of yourself to lean on, draw strength from, or even pivot towards.

You’re not a “one-season wonder.” You’ve lived multiple lives and learned different ways of thinking and problem-solving.

This adaptability, nurtured by patience through various growth cycles over Time, makes you better equipped to handle the inevitable uncertainties life throws your way.

You bounce back faster and see opportunity where others see only crisis.

This is how you will live multiple times in a Single Lifetime.

Reinvent Yourself Often

Reinvent Yourself Often

Friendships: The Ultimate Life Hack for Mental Health Challenges

Friendships are the ultimate life hacks to solve stress, anxiety, and even addiction.

One of the greatest thinkers of our time – Simon Sinek said the above statement and it blew my mind.

Why was friendship the ultimate hack? How does it solve mental health challenges?

Simon explains how in a conversation with Trevor Noah. I am sharing his thoughts with you here:

The Sacrifice of Friendship for Success

When we say we have sacrificed something for our career. We should not be afraid to put a name to who that sacrifice was. Because often time, it was the people in our lives that we call friends.

Your friends will be there for you. Your work won’t.

Friendships

Friendships

Are you a Good Friend?

You usually make friends from school, work, church and other gatherings.

And then you let the location and time influence these friendships. This means you are unable to keep and maintain your friendships when you are not close to them. Please don’t leave your friendship to coincidence.

But to be a good friend, you have to ask yourself these questions.

Have you sacrificed a meeting to hang out with a friend? Do you call your friends on their birthday and sing them happy birthday? Or do you just put a thing on social media saying happy birthday because you saw everybody else put it on social media.

When a friend is depressed, do you go over to their house, sit, watch movies, eat ice cream all day and be depressed with them?

Have you told your friend – I love you? Not love you or love ya? But I love you. The way you know these things matter is how it made you feel when these things were done to you.

How to Keep and Maintain Friendships

Trevor Noah narrates a story:

“I was on a trip to Greece a few years ago. If you’ve ever been to any of these places where people are on boats and having a great time in the water, it hypnotizes you. Then I turned to one of the Greek guys I was with, and I said Nick,

If I was trying to get a boat, what boat should I get?

I’ll never forget this… His friend jumped in, and he said:

Trevor Noah, let me tell you something – the best boat is your friend’s boat.

It was a joke that had so many layers because if you own a boat there’s a lot of stress.  You don’t want to own a boat unless you really love boats. But the thing I found profound was this.

Everybody who has a boat needs friends to be on that boat with them. And if everybody works to get the boat no one has time to have friends to come on the boat with them. Every boat I know is full of friends who are on that boat.”

Trevor Noah’s message is simple. Work on your friendship so you enjoy your best moments better together.

The Power of Asking for Help

We don’t build trust by offering help. You build trust by asking for it.

If someone is your friend especially if they have been there for you, don’t be selfish to deny them the honor of allowing your friends to be there for you. The reverse should happen too.

This is when you know a friend is a friend.

Friendship vs. Success: Prioritizing People Over Work

Finding the balance between friendship and success is a bit difficult in today’s times.

In our society, it is possible to show up as a family person. You can show up as a CEO. Showing up as a president is also possible.

Yet society does not deem it nice or important to show up as a friend. The society does not prioritize friendships.

You must have noticed it is more remarkable to have an amazing experience with someone than by yourself. When you say, “look what I did” versus “do you remember that time we did that”. The latter is a better feeling than the former.

How Ignoring Friendships affects Romantic Relationships

There is a big and underrated lesson here.

Abandoning or ignoring friendships has affected romantic relationships. Because people have now shifted all the expectations, the support, the love gotten from a community of friends to one person. We have abandoned those outside places and asking our partners to be everything all the time always.

This is an unreasonable and unfair standard to put on someone. Or to be put on you as well.

What does it all mean?

I like how Trevor Noah concludes their conversation with this adage:

A person is a person only because of the people. I guess King Solomon already knew this because he said it twice:

“As iron sharpens iron, so one person sharpens another.”

“Two are better than one, because they have a good return for their labor: If either of them falls down, one can help the other up. But pity anyone who falls and has no one to help them up.”

That’s all. I hope this helps

Wishing you the best of friendships.

.

This email was an excerpt from a conversation between Simon Sinek and Trevor Noah. You can watch the full conversation here