Where do you place value?


(Source: Flickr)

ONE of our heroes, New York based consultant Alan Weiss, has a unique perspective on wealth. He regularly shares the view that “wealth is discretionary time”.

The reason his approach to wealth is so striking is that most people, at least those of us living in Western market based economies, tend to think of wealth as money.

To be wealthy is to have a lot of money, no?

Well, it depends on what you value.

If we take a broad definition of wealth, then we might say that wealth means “an abundance of valuable possessions”.

The catch with this definition is that you get to decide what’s valuable.

Here are a few options that you might want to consider:

  1. Reputation
  2. Skills
  3. Capacity to delight and solve problems for other people
  4. Free time
  5. Memories and experiences
  6. Friends and family
  7. Cars, houses and boats
  8. Fame and fortune

It’s your story, and you get to make choices.

Where do you place value?