2782: What is Wealth? by Ashley Kipp with Get Rich Slowly on Saving Money & Personal Finance

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 3 July 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2782: Ashley Kipp's insightful exploration of wealth challenges the conventional focus on material possessions and financial assets, urging us to recognize and appreciate the abundant, non-monetary sources of wealth in our lives. From health and home to friendships and spirit, this redefinition enriches our understanding of true prosperity and fulfillment. Read along with the original article(s) here: https://www.getrichslowly.org/what-is-wealth/ Quotes to ponder: "Wealth can be and is so much more than for what our basic thought process allows." "My heart feels full. That, to me, is worth far more than anything that any sort of money can give me." "Better to lose count while naming your blessings than to lose your blessings counting your troubles." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 2,
0:03.5	882. What is Wealth?
0:05.5	by Ashley Kip with Get Rich slowly.org.
0:09.0	And I'm your host and personal finance enthusiast Diana Merriam.
0:13.0	For now, let's jump right into our next post
0:16.0	and start optimizing your life.
0:18.0	What is Wealth? By Ashley Kip with Get Rich Slowly.org.
0:27.0	The dictionary defines wealth as
0:31.0	1. Abundance of valuable material possessions or resources.
0:36.0	2. Abundance supply. Profusion.
0:40.0	3. All property that has a monetary value or exchangeable value.
0:46.0	4. All material objects that have economic utility, especially the stock of useful goods having economic value in existence at any one time.
0:58.0	Society usually views the wealthiest people in society as those that have the most things or the most
1:05.2	financial resources. From third world countries in Africa and Asia to the wealthiest
1:11.2	nations in the civilized Western world.
1:14.0	The concept is universal.
1:16.0	Recently, I read a news blurb that the CEO of Oracle,
1:21.0	worth a whopping $36 billion, purchased the island of Liani with the pocket
1:27.1	change of 600 million. Whoa, now that's wealth. With such a common definition of wealth being mainly material,
1:36.0	it seems that many of us simply brush over the deeper significance of the dictionaryaries second definition,
1:43.0	abundance supply, perfusion.
1:46.0	But abundance supply and profusion of what?
	...

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