Saw this on James Clear’s newsletter today:

Wealth is the power to choose.

Financial wealth is the power to choose how to spend money.

Social wealth is the power to choose who to hang out with.

Time wealth is the power to choose how to spend your day.

Mental wealth is the power to choose how to spend your attention.

I love how he laid it out. This reminded me of the same learning I got from The Millionaire Fastlane book regarding financial wealth, but James Clear here extends it to other forms of wealth too. It’s eerily similar to the 8 forms of capital framework that I love to use for my annual reflections - financial, social, cultural, living, material, intellectual, experiential, spiritual. 

So if wealth is more about freedom, autonomy and choice instead of possessions and a number in the bank account, then how would that look like in the 8 forms of capital (or wealth)? Here’s my interpretation (while borrowing some from James Clear):

? Financial wealth is power to choose how you want to earn money.

? Social wealth is the power to choose who you want in your life.

? Cultural wealth is the power to choose which culture you identify with, even if you’re not born into it.

? Living wealth is the power to choose living close to nature.

? Material wealth is the power to choose to live with less. 

? Intellectual wealth is the power to choose ideas without being dogmatic.

?? Experiential wealth is the power to choose wisely based on lessons learnt from the past.

? Spiritual wealth is the power to choose, even when without choice.

Welcome edits to my list. Go!