What is Emotional Wealth?

Emotional wealth is at least as important as financial wealth.

Sure, we all want to know how to make $1000 a day. We would all love to live off of the interest of $1 million. In other words, money does matter.

However, what matters most is how we feel about our lives. Furthermore, it is important that we are able to maintain a level head about money regardless of our circumstances.

Being emotionally wealthy means that we are able to live in joyful abundance. We do this regardless of our specific financial circumstances.

What is Emotional Wealth?

Put very simply, emotional wealth is the ability to maintain a deep sense of contentment that is independent of finances.

This does not mean that money never matters. Of course, financial security is one component to a stable, fulfilling life.

However, emotionally wealthy people derive their fulfillment from sources that don’t require a specific income.

Traits of Emotionally Wealthy People

Emotional wealth truly defines the difference between rich people and poor people. Some common traits of people with great emotional wealth include:

  • Resilience; an ability to take what life hands them and moreover to bounce back from tough times.
  • Values; a strong sense of who they are and unwavering commitment to their own moral code.
  • Authentic; they are more concerned with their real life than putting on airs.
  • Focused; they spend their time the way they want to whether that’s during work or play.

Research indicates that emotionally wealth people also tend to have a strong sense of faith. There is no particular religion or spiritual path that leads people to greater emotional wealth. However, it helps to have some type of practice with meditation, prayer, or ritual.

How Emotional Wealth Relates to Financial Wealth

Emotionally wealthy people are happy in their lives. They find joy, peace, contentment, and fulfillment in everyday activities. Interestingly, taking the focus off of earning money can actually lead to greater financial wealth as well.

People who are living their best lives have the energy to give to work. They find the work that they love to do. In turn, this makes them want to give themselves over to that work. They focus on deriving satisfaction from the experience, regardless of the results. Nevertheless, the energy they put in tends to generate positive financial results as well.

The great thing is that the person is happy either way. Whether or not an endeavor is financially fruitful, it is worth the effort. It is icing on the cake if it also pays off with money.

It Doesn’t Mean Ignoring Money

Having emotional wealth doesn’t mean that you never think about money. Responsible adults do pay attention to their finances. They create a budget and live within their means. In fact, they use money as a tool. They realize that money shouldn’t be the aim of all activity. Nevertheless, they don’t use that as an excuse to engage in money-wasting behaviors.

Think of it this way. Someone who wants to feel stable and secure does not want to have stress. Financial problems create stress. Therefore, it is important to pay enough attention to finances that they feel under control. It is also important to balance that with attention to non-money sources of pleasure.

How to Increase Emotional Wealth

There are many things that you can do today to increase your own emotional wealth. Here are just a few suggestions:

  • Spend more time enjoying free and low-budget activities with your family.
  • Spend time in nature regularly. It is a very healing experience.
  • Deepen your connections with friends. Invest time in the people you care about.
  • Read books, listen to music, attend plays, and play games. In other words, have fun.
  • Practice gratitude. Say thank you and express gratefulness for all that you have.
  • Make the decision to be happy. Ask yourself honestly what will get you there.

Ultimately, the goal is to find what makes you feel most fulfilled. Do you know what those things are for you?

Do you have tips for managing your emotional wealth? Share with us in the comments below!

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4 Replies to “What is Emotional Wealth?”

  1. […] What Is Emotional Wealth? 26-Week Savings Plan to Get You To $1,000 Frugal Living vs. Social Life: Do I Have To Choose? […]

  2. I enjoyed reading this. My two keys to happiness are looking for new things to be grateful for each day and spending time with friends and family. Stoicism helped me a lot with developing all of the traits you list of emotionally wealthy people. Practicing negative visualization to until I accept the outcome allows me to be pleasantly surprised by my normal life.

  3. […] Most importantly, no matter where you live, work to find the lowest cost on the things that matter most to you. Additionally, aim to build up your emotional wealth. Learn more about that here. […]

  4. Claudia Muller says: Reply

    For me emotional wealth is to trust in God’s plan for your life

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