I truly believe that financial stability and wealth are two personal concepts, meaning that each of us will define them differently, but there will always be a foundation/base that is in common, and this post will share that.

I like more the phrase “experience wealth” than “building it” because experiencing is its true beauty; it excites your soul and increases happiness. Henry David Thoreau, a philosopher, once said, “Wealth is the ability to fully experience life”.

I guess you may wonder, “How can we experience Wealth before building it”? And the problem is that we often associate Wealth ONLY with money, but if you search the definition of Wealth, you will realize that “money” is just a tool. Wealth is “the abundance of valuable possessions. A suitable accumulation of resources and possessions of value.”

So, have you ever stopped for a second and reflected on the value of Knowledge, Health, Time, and Good Relationships? – These are valuable possessions by themselves, and with these, we can make/obtain that tool which is money, and by managing the money well and investing it, we get to experience that abundance. 

When I was in business school, specifically studying Finance and Investments, I learned and got used to asking myself if what I’m doing is a good investment, literally almost with every single thing, for instance, a simple question like: Does going to the gym often is a good investment? – Yes, it keeps me healthy and gives me energy so I can be productive every day; the more productive I am, the more abundance I can create and experience wealth.

Hence, to start experiencing wealth begin with:

Knowledge: Invest in yourself! Meaning get to be an expert in a subject matter. I love Finance, so I always take courses, shadow people, read books, attend seminars, etc. And by leveraging this Knowledge, I make money. The most expert you get in something, the more opportunities you will have. I love the book Rich Dad Poor Dad; that book states, “The rich don’t work for money; money works for them.” This implies that they primarily work to get Knowledge, including financial literacy (financial education), so they can learn how to have the money working for them. This gives you a clear reflection that Knowledge is indeed a valuable possession.

Health: Health is real wealth by itself. It doesn’t matter how much knowledge you have or have much money you are accumulating; if you’re not healthy, you cannot be productive or enjoy what you have. With this comes mental health as well; at the beginning of this year, I came across a psychiatrist in social media: Daniel G. Amen, and he says that mental health is an everyday practice; I even bought the book. And oh Lord! We can definitely change our brains positively with simple daily practices that strengthen our minds, which is correlated to the right mindset to live in abundance. How can we manage that tool which is money, if we don’t have the right mindset about it? – with the right mindset, we can control our money so that it does not control us. Also, we start to find solutions, ideas, and ways to get the things we want instead of living only with limitations and restrictions, like only saving a lot of money and not enjoying it or believing you can’t afford something without first asking how you can afford it. That’s the power and the beauty of a healthy brain and mind.

Time: I believe many of us would love to have more time to spend with family and the people we love and have enough time to do the things that make us happy, like traveling, sports, and so on; time is truly gold; therefore, we should get to learn how to make the most of it. I like this Bible verse that says, “There is a time for everything under the heavens.” This speaks to me by learning to set appropriate time to reach my goals, focus on myself, and enjoy life with others.

Relationships: Having valuable possessions without anyone to share them is very lonely, and we are social creatures. Many studies show that loneliness harms our mental health and increases the risk of coronary heart disease and stroke. BUT obviously, read twice when I say “good” relationships; we should develop a great discernment to determine a “good relationship” because relationships either make you better or drain you. I have noticed in my professional life how relationships have helped me to be where I am. Networking opens doors, and partnerships can give you monetary resources to obtain abundance.

5. Investing: Invest in yourself, your health, your relationships, AND invest your money in the market. It could be in ETFs, individual stocks, bonds, and REITs. If you don’t know about investing, don’t worry, I’ll be posting about it and will also make a course as simple as I can so people can start the journey.

NOW!! Let’s quickly talk about Financial Stability; I call it “Peace of Mind.” We have this stability when:

1. Our needs are met without stress
2. All bills are paid monthly
3. We have money for our wants and to enjoy life
4. We save and invest
5. We are financially protected
6. Emergencies can be easily paid

And how do we get there? – This website was created for that purpose, so I’ll be posting strategies, tips, and tools to get to this level. My first post is about “Emergencies Funds.” Go and Read it!! It’s one of the most essential steps to achieve financial stability.