I want to be wealthy.
I want to be super filthy, Scrooge McDuck, swimming in money rich.
Only, it’s not money that I want.
Money alone clearly doesn’t add value to a person’s life. Don’t believe me? Google: “lottery winners lives ruined”, enough said. And if that seems like a cop out to you, just look around for stories of the complicated lives of billionaires. Sure money can help. Private jets are awesome (at least skipping TSA and baggage claim sounds nice). But wealth is not the happiness and great life in a jar it can be objectified as.
No. I want to be rich in what I’ll call “life assets”.
The life assets I want are: skills, stories, friends, family, memories, great meals, and health. You get the idea. I also believe that when you’re rich in those things, you will be successful in life. After all, happiness is probably the greatest measure of success in my book. If you are gaining all those things in your life, you’re bound to be happy.
Attributes in life as assets
So then, entertain this concept; if you can be rich with life assets, then can’t we say there is some unit of measure for those things? Perhaps no unit we’ll all agree on like we agree on the unit of $1, but at least, the idea that one can have many friends, or very few. If I speak three languages and you only speak two, would you then agree that I have a greater wealth in language than you? Or perhaps, you, on average, spend several hours a week with various friends, while I barely have time to see one. Maybe in that case I am lacking in friendship wealth, at least time with friends, compared to you.
Your life assets as investments
If that all still makes sense, I now propose one more concept to branch off the last. If you can have a surplus of these life assets, can’t you also invest in them? That’s easy to agree on, right? You can learn to cook a new meal, make a new friend at work. Get married! These are all investments in your life assets. Hell! They are investments in your life! And if you keep track of them, and watch them grow. Continue to feed them, just like a monetary asset, they will get greater and greater and pay dividends.
Investing in life assets as a way of life
I want to propose that we use this concept of investing in life assets, as a way of making good decisions. When trying to decide what to do with your time, be it work, sleep, exercise, eating, catch up with friends, consider each of them as assets. Think about which ones are lacking in the distribution of time you can give them that will in turn keep them healthy and make them grow. I think this method will make it easy to choose what is better, to go for a walk or call a relative, instead of say… watching TV 😉
Final thought: strong life assets tend to also mean longer life
You’ve probably heard of centenarians; people who live past 100 years old. National Geographic did a great profile of the three poster child communities. In Sardinia, Okinawa, and Loma Linda, California. If you look at the attributes of the people from those groups, they all share some commonalities; community and or close family. Daily exercise. Great diets (read: not dieting –they simply eat healthy food regularly, rather than as a way to lose weight). And they all have a sense of purpose (described as having a life worth living). These people all invest in their life assets daily, they maintain low levels of stress. They use their bodies and minds, and they have great nutrition. And that keeps their organs healthy and functioning.
From a different perspective, but not a different side of the coin. When a palliative nurse heard the thoughts of people on their death beds, their thoughts were eerily connected to this subject. They wished they’d focused more on being happy, worked less, spent more time with friends, and had more courage.
So, even if you aren’t the Warren Buffet among your peers. You probably have many valuable assets, that can make and give you happiness. That can give you more time with the people you love. Invest in those assets, they are probably a lot less volatile than the financial markets.