The Five Types of Wealth: Beyond Just Money
00:00:00.000 | The general consensus, standard, societal, cultural definition of wealth has always just
00:00:05.160 | been money.
00:00:06.160 | In my view, it's really because money is so measurable.
00:00:08.440 | Peter Drucker, the management theorist, says, "What gets measured gets managed."
00:00:12.820 | And the reality is, a feature of money is that it is so measurable.
00:00:15.640 | You can place a single number next to your name and determine your entire life worth.
00:00:20.920 | Unfortunately, while money is useful as a tool for a whole lot of things in our life,
00:00:25.180 | it is not the singular thing that contributes to a life of meaning and a life of fulfillment
00:00:30.240 | and happiness.
00:00:31.240 | There are many other things.
00:00:32.360 | That is really what this book is about, the five types of wealth, financial wealth being
00:00:35.960 | one of them.
00:00:36.960 | So I am very much not saying that money doesn't matter and that you should go live off in
00:00:40.600 | the Himalayas meditating 12 hours a day and drinking warm broth.
00:00:44.160 | If you want to, by all means, go do that.
00:00:45.880 | I just won't be joining you.
00:00:47.240 | But it is a life built around these other four things in addition to money.
00:00:51.560 | those other four are time wealth, social wealth, mental
00:00:55.220 | wealth and physical wealth.