2260: [Part 1] ABCs of Wealth by Vicki Robin

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 3 April 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Vicki Robin with Resilient Living discusses the ABCs of wealth. This is part 1 of 2. Episode 2260: [Part 1] ABCs of Wealth by Vicki Robin An important message Laura wants to emphasize for her readers is that leading a rich and resilient life requires more than just a solid financial portfolio. She created Rich and Resilient Living to share resources and inspiration that can foster lasting abundance and well-being in our lives, our communities, and for all of the creatures with which we share our beautiful planet. It is this foundation of multiple forms of wealth and capital that gives her the confidence to earn, manage, and invest her money and live life in ways that truly align with her values. She is also pursuing financial freedom on her own terms. The original post is located here: https://www.richandresilientliving.com/abcs-of-wealth-guest-post-by-vicki-robin/ Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2260, ABC's of Wealth, Part 1, by Vicki Robin
0:08.1	with Rich and ResilientLiving.com, and I'm your host and personal finance enthusiast,
0:13.6	Diana Mariam, ready to read to you from another fantastic finance article.
0:19.0	This time we have a longer one though, so what I'll do is split the article up, reading
0:23.6	the first part today and finishing it up tomorrow.
0:27.3	So let's dive right into Part 1 and start optimizing your life.
0:32.3	ABC's of Wealth, Part 1, by Vicki Robin with Rich and ResilientLiving.com
0:42.6	In the 2018 update of your money or your life, after years of observing how real people
0:48.3	creatively use the tools to have a high joy to stuff ratio life, I challenged the whole
0:54.9	idea of financial independence or fire.
0:58.7	Money is a small part of our wealth portfolio.
1:02.2	In the new version, I distinguished between national currency and natural currency.
1:08.9	National currency is the trading chits in the money system, dollars, financial markets,
1:14.2	debt, etc.
1:16.3	Natural currency is the flow of gifts, services, and mutual aid between people in communities
1:21.6	of place or of tribe.
1:24.2	All the helping hands, all the skills, all the hot dishes, all the listening ears, all
1:29.5	the celebrations and ceremonies, all the rituals and theater and on and on and on.
1:36.0	In short, all the good stuff in life.
1:38.8	In the fire program, we build both national currency capital and natural currency wealth
1:44.5	to have a happy and free life.
1:47.8	Multiple forms of capital.
	...

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