Episode 396: Visible Wealth vs Invisible Wealth & Redefining What it Means To Be Rich
Oct 16, 2024•32 min•Season 1Ep. 396
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Episode description
In this week’s solo episode of the Journey to Launch Podcast, I explore the concept of wealth and what it means to be truly rich. While wealth is often defined by an abundance of money or material possessions, I discuss the distinction between "visible wealth" (like possessions) and "invisible wealth" (such as financial security, time freedom, and health). I also emphasize the importance of avoiding comparisons to others, especially in affluent environments, and instead focusing on your own financial journey.
In this episode I share:
- How exploring middle school options for my oldest son has me questioning the true value of wealth and financial freedom
- Why you should reflect on how you view wealth and financial freedom in your own life.
- How different people may perceive wealth and how it can lead to misperceptions about one's financial status.
- Why it’s crucial to appreciate the wealth you already have, without seeking external validation.
- How to find value in the invisible wealth that people cannot see, such as being healthy, having strong relationships, having savings, and being able to pay bills on time.
- The importance of being honest with oneself about why one makes certain financial decisions + more.
Other Links Mentioned in episode:
- Get your copy of my book: Your Journey To Financial Freedom
- Leave Your Journey To Financial Freedom a review!
- Get The Budget Bootcamp
- Check out my personal website here
- Join The Weekly Newsletter List
- Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
- YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
- What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here!
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