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There Are 8 Indispensable Elements of Real Wealth and 7 Aren’t Money

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Real Life Wealth

What’s the purpose of life?

That’s a powerful question that deserves your attention. My answer has drastically changed the past five to 10 years, and will continue to evolve. Success is part of life’s purpose but I know that on the other side of success is the quest for more success, more milestones, more achievements, more people to help and learn from, more money to be made. That’s great. Life becomes mundane and boring without goals and dreams to reach for but I believe there is more to life and real wealth.

Don’t get me wrong. Becoming a millionaire is a valid desire for everyone, but there is no higher success than building and maintaining a world class life with meaning and significance. Awareness precedes choice, and your choices determine the quality of your life. I’ve put some serious thought into what makes a world class life. Here are the eight forms you must adapt and start improving if you want to live an exceptional life with no regret.

 

1. A world-class inner life

Your outer world, who you are and the quality of your life, is 100 percent determined by your inner world. Your inner world consists of your peace of mind, the quality of your thinking and living authentically.

Are you living your true values or doing things based out of fear and worry? Your inner world determines your self worth and how connected you are to your core.

 

2. World-class health

Your health is a very important part of wealth. If you don’t have your health, you have nothing. At the end of your life, the things you now perceive as the big things might be the little things. When we are young, we will compromise our health for wealth, but when we are old we will gladly sacrifice all of our wealth for just a little bit of health.

It’s extremely important to put health first, if you really want a world class life. We take our health for granted until we lose it, then we spend all our waking time trying to get it back. Those who don’t make time for exercise must eventually make time for illness.

 

3. World-class family life

Having loved ones around you, and being able to see your family whenever you choose, is a crucial part of success. Gary Vaynerchuk told me his business is extremely important, but a distant second to his family. The greatest support system in the world is good family and friends. You can’t be careless here, you need great relationships and those who make you better.

Remember, you can’t change your family, and trying to do so will cause you endless stress and frustration. Love them and appreciate them for who they are.

 

4. World-class profession/career

The attitude you bring to your days determine your destiny and it’s extremely hard to carry a great attitude when you don’t enjoy what you do. According to the new Gallup survey “71 percent of employees are activity disengaged at work.

Be patient and figure out your strengths. Purposefully choosing (or creating) your ideal professional is crucial to a world-class life. When you love what you do, you’ll never work a day in your life. It’s important to get to the end of your career knowing you gave your best. Yes, unexpected circumstances do happen but you are in control of your own future through the choices you make.

Life is not easy nor promised, but it’s how you adapt and adjust that determines what happens next. Never settle.

 

5. World-class financial freedom

Less than 5 percent of our society will be financially stable by age 65. WTF? Money is extremely important and makes the world go round. It also gives you one of the most important aspects of a world-class life —freedom.

Money allows you the choices to do what you want, when you want, wherever you want, so you can live on your own terms. What’s your game plan to assure a financially free future?

 

6. World-class circle of genius

You become who you spend the most time with. Are the people you’re associating with holding you to higher standards and challenging you? If you spend time with people who are playing at a world class level, you drastically increase your chances of doing the same. Their ways of being will rub off on you. You’ll adapt their philosophies and perspectives.

Start surrounding yourself with people whose lives you want to emulate. Keep company with those who are thinking and acting at an extraordinary level.

 

7. World-class experiences

Ultimately, life is an adventure. Experiences and memories are what separate the elite lives from the mediocre. I’ve recently started focusing more on producing instead of consuming, and valuing experiences over material things. I like both, and appreciate the finer things in life, but after studying countless world-class people, it’s clear they are constantly creating memorable experiences.

What’s the point of doing something if you’re not having fun?

 

8. World-class impact and legacy

The worthiest aim of life is service to the world around us. How much difference are you making in the world around you? Are you adding consistent value that improves the lives of others?

Generosity the key that unlocks happiness. There is no greater feeling than when you help or give to others, asking for nothing back. Whether it is a compliment or a small gift, do something nice for somebody every day. Realize every tweet, every blog post and every conversation you have is part of your legacy.

I challenge you not to postpone your life. Most say “when I have more time I will take time for myself” but the reality is life waits for no one. Don’t postpone travel or chasing your dreams. Nobody knows when their time is up, so make the most of it by focusing on these eight forms of real wealth.

 

Article originally appeared on Entrepreneur.com

Peter Voogd is a 2x Best Selling Author, and the founder of the prestigious Game Changers Academy.  He’s been labeled the leading authority on Gen Y leadership. He’s been featured in Forbes, Entrepreneur Magazine, inc.com, Time, HuffPost along with many other international publications.  He’s trained over  6,000 young entrepreneurs personally and his podcasts, videos, websites, and social media reaches over 1 million people monthly.  He’s known for his No BS approach to life and entrepreneurship.

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10 Comments

10 Comments

  1. TABOT SYLVESTER OBI

    Oct 6, 2015 at 2:43 pm

    Hi i am grateful for your 8 lesson i never know such think for the entire of my life.

  2. benjamin daniel

    Oct 2, 2015 at 1:52 pm

    All the 8points highlighted here are the key elements to real wealth. God bless you real good PETER.

  3. Tomika

    Sep 29, 2015 at 9:11 pm

    Great post Peter!

  4. Hinti Claid

    Sep 28, 2015 at 4:17 pm

    Peter you’re amazing. I love you.

  5. Heather

    Sep 25, 2015 at 10:31 am

    Hi Peter,
    Great thought provoking post. Number 2 is so true but yet so easy to forget as we really take our health for granted. And number 5 is quite scary – only 5% by the age of 65?! I had no idea about that statistic.

    As a society we’re increasingly focused on material possessions and financial wealth that it’s easy to lose sight of what really matters. My greatest inspiration was and is my Granddad. He didn’t have much in the way of money or ‘things’ but he was truly happy with his life, loved his wife and adored his family. A great example of how to live your life well – and he certainly did for all 90 years of it.

    Thanks so much for sharing this – a great post to read this Friday morning! 🙂

    • Peter Voogd

      Sep 25, 2015 at 2:53 pm

      Thank you for the kind words Heather, and yes it’s very easy to forget the key attributes of living a world class life. It’s important to remind yourself daily what’s really important.

  6. Mustapha Ajermou

    Sep 23, 2015 at 5:43 pm

    Priceless words Peter, thank you

    • Peter Voogd

      Sep 24, 2015 at 7:59 pm

      Thanks Mustapha! I appreciate you reading.

  7. Lawrence Berry

    Sep 23, 2015 at 3:50 am

    These are the key elements to real wealth. I agree with every last thing you have said here. One of the biggest things for me that I consider to be real wealth is how big of a impact have people made on other peoples lives and on this world. I have grown to live for others and give my time, service, and money to others. Life is about love and gratitude, and the person who has the most of that, is the wealthiest person in the world. It may sound cliche, but it is so true. Experiences and freedom are big ones as well!

  8. Theodore Nwangene

    Sep 23, 2015 at 3:39 am

    A very awesome post Peter,
    Real wealth is really not all about the size of your bank account or your investments. There is certainly more to being wealthy and the financial aspect is just one of them.

    Another important aspect being your HEALTH. There is a popular saying that “Health is Wealth” and that is so true. If you have all the money in the world but you’re not healthy then, life suck isn’t it?

    Also, your inner life adds to your wealth as well. Do you have peace of mind or do you always have sleepless nights because you have a lot bordering you? Your past life is hunting you?

    Great post Peter and i agree with all your points.

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Life

8 Things You Can Do to Rise Above Failure and Attain Success

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Highly successful people have tasted failure more than success. Whether its Nikola Tesla or Michael Jordan, everyone had his/her fair share of failures before rising to the pinnacle of success. Yet, most people I know are averse to the idea of failure.

When ambition fuels your desires, you become so conscious about avoiding failure that you forget to learn how to cope with it when you actually experience it. So, when you come face-to-face with adversity, it often overwhelms you.

This brings us to the question, how can you train yourself to overcome these difficulties and use them to your advantage? Here’s how:

1. Acceptance is important to overcome failure

When the going gets tough, one of the most frustrating things you may get to hear is “stay positive.” The idea of positive thinking has been misconstrued, misused, and abused continuously. Contrary to popular belief, positive thinking has nothing to do with smiling and being happy with everything that happens to you all the time. Anyone who preaches that is either lying or crazy.

Use positive thinking to learn, grow, and evolve from the experiences we gather in life. Positive thinking simply means that if you are faced with a setback, you work hard to overcome the challenges. When you experience hardships, it is alright to feel upset and disappointed. Our objective, however, is not to stay down.

2. Be honest with yourself

The most crucial part of dealing with a failure involves pausing for a couple of minutes and pondering over what happened. You need to be completely honest with yourself on why it happened.

It is easy to pull out the Smartphone, turn on the laptop or find other forms of distraction. Most people would do anything to distract themselves and keep their eyes shut to the mistakes they have made.

However, if you don’t confront, you don’t learn. And if you don’t learn, then you are setting yourself up for failure again. Albert Einstein famously stated that it was insane to do the same thing over and over again and expect a different outcome. If you don’t derive a lesson out of mistakes and failures in life, then you are doomed to keep repeating them, whether you realise it or not.

“Failure is simply the opportunity to begin again, this time more intelligently.” – Henry Ford

3. Don’t beat yourself up over a temporary setback

When you have experienced a setback, many of you may succumb to the feeling that you’ll always keep failing. It is easy to convince yourself that you are indeed a failure. Don’t let such destructive ideas or thoughts creep into your head. Instead, keep reminding yourself that just because you failed today, it doesn’t mean you’d fail the next time as well.

It is also important that you treat your failure as a passing phase. When you keep moving forward, focus on the right things, and keep learning. Perceiving the setback as a temporary phase rather than something permanent is vital to developing an optimistic attitude in life.

4. Focus on nurturing and improving yourself

Failures don’t discriminate, and it comes to everyone at some point. The trick lies in learning to deal with it and what you do about it that makes all the difference. In many cases, failure happens because a person wasn’t prepared, didn’t invest time on planning or was ill-equipped. It can also be because Lady Luck decided not to shower her favours.

Except for the last one, the rest of the issues can be fixed. Prepare a list of all the things that you think resulted in your failure. Start working on them one at a time. Do everything in your capacity to rectify, improve, resolve, and develop.

5. Find inspiration and support in abundance

Interacting with someone close can be more helpful than you think. You can also learn from people who have been through similar situations and have achieved what you hope to. Gain insights on how they managed to sail through the setbacks or low-points before and during the moment of success.

Or you can gain the motivation or enthusiasm by listening to someone else from an audiobook or podcast for maybe 30-60 minutes. It doesn’t have to be focused on your current setbacks.  Change your mood and mindset back towards optimism again.

6. Adopt a constructive approach and learn from the adverse situation

Consider it as valuable feedback and take home something you can implement in the process of overcoming your failure. The following are some of the questions you need to ask yourself:

  • What is the lesson for me?
  • How can I rectify myself to avoid making the same mistake and do better next time?
  • What can I do to enjoy guaranteed success?

You don’t need to rush through the process. Some of the answers may be immediate, while others might take an hour, a day or even a week to pop up. The significant thing is to start thinking about the situation from this perspective. Also, you need to be constructive about things rather than getting stuck with denial, negativity and apathy.

7. Stop mulling over and move on

Processing the situation and accepting it is the ideal way to deal with failures. Any individual who has experienced failures will know that it is quite easy to stay stuck in the loop of similar thoughts. In fact, this may go around and around for weeks or even months.

Now, in order to be free from this trap, the one habit that might help you is the set of questions like the ones shared above. You can also create a rough plan for how you wish to move forward from here. So, take some time to sit down and write them down.

“Success consists of going from failure to failure without loss of enthusiasm.” – Winston Churchill

8. Purge out all the negativity

Another impactful way to handle the emotional meltdown and the thoughts that emerge from experiencing failure is to purge out all the negativity. In order to let everything out, you need to confide in someone close to you. There are two ways to go about it: Engaging in a conversation with someone will allow you to see it from a different perspective. The person you talk to can assist you in grounding yourself in reality again and motivate you to look for a way forward.

Or you can simply vent about it while the other person who is listening can sort things out for you. He/she can help you accept what happened and boost your spirit by instilling a sense of hope.

The significant thing to remember is that while you can’t stop obstacles from appearing in life, you can devise smart ways to handle them. If you persevere, you can easily discover opportunities that have been waiting for you on the other side. Now, as you become more efficient at dealing with the failures, you will allow yourself to see the positive side in even the toughest of scenarios.

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Life

How Stress Can Actually Improve the Quality of Your Life

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Naturally, those of us who experience less stress in our lives are more likely to succeed. So, it’s important that you learn how to reduce your daily level of stress, right? Maybe not. Recent research has shown the common wisdom about stress might be dangerously inaccurate. Psychologists tracked the health of 30,000 adults in the United States over an 8-year period. Participants were asked two important questions:

1.    “How much stress have you experienced in the last year?”
2.    “Do you believe stress is harmful to your health?” (more…)

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Life

The Truth About the Law of Attraction

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When we want something, we generally imagine the form it will take when it manifests. If we’re not careful, however, we can find ourselves attached more to the imagined form than the actual desired outcome. This is like placing an online order and expecting it to come in a blue box shipped by UPS. If we then receive a red box delivered by FedEx, we might not realize that it’s what we ordered, and never even open it!

For example, most of us say that we want money, but when money comes in the form of a free coffee or a gift or a discount, we don’t see it for what it is. We overlook it, and maybe we even say “No, thanks” and decline the gift which is, in one way or another, still money. In doing so, we fail to appreciate the value of the discount, the gift, or the freebie. If it isn’t cash being handed to us, we don’t see it as a manifestation of our desire.

The law of attraction is a funny thing.

It is much more complex and much more intricate than what it seems to be and yet, at the same time, it’s so very simple: We always get what we want. We always receive more of the energy at which we vibrate. Always.

However, if we’re acting from the energy of “I don’t deserve it” or “I don’t think I’m worthy,” then whatever it is that we receive will be negated and essentially unseen. On the other hand, if we are open, observant, and maintaining an abundance mindset, we will receive our request on numerous levels and from plentiful sources!

“Whatever the mind of man can conceive and believe, it can achieve.” – Napoleon Hill

This is because we “place our order” not only through our words, but through our actions, our beliefs, and our thoughts.

Last month, I was open to receiving a new client. I didn’t know how it would happen, but I’d set my intention: I was going to get a new client. That night, out of nowhere, I got a message from an old student of mine. She was looking to hire me again as her coach for the upcoming college entrance exams in the U.S. But wait! I didn’t want an entrance exam client.

What I actually wanted was to get life and business coaching clients. This student was my “red box from Fed Ex.” I wanted to decline at first, but as I was about to reply, something made me stop. I asked myself, “Why am I rejecting this?”

This student is an amazing client. She pays on time. She’s not needy. She does her part. Best of all? She doesn’t short-change me. So I said yes, because I realized that the Universe was simply responding to the essence of my desire.

You see, my “Big Why” in everything I do has always been to facilitate an accelerated personal and business growth for my clients, and this student fit the bill in every way. She wanted the personal growth, she was ready to go all in and she reached out to me.

It didn’t look like the package I was expecting so I didn’t recognize it at first—and I nearly turned it away—but she was the perfect answer to my request.

Serving people like her has always been a driving force in my life.

The Universe knows that. It also knew that I wanted a client asap so that I could re-invest the money into my business, so it responded in the most ideal way… but in an unexpected form. And I came so close to missing it!

How many times have I missed other opportunities like this? How many times have I dismissed a “red box” because it wasn’t “blue?” I’ll never know. But I do know that, had I not stopped myself from sending a “No, thanks,” I would have felt as though the Universe wasn’t listening.

That’s the thing: the Universe is always listening.

The more open we are in receiving, the more we thrive. The more open our energy is, the greater the possibilities. Don’t just return that red box to the post office and keep waiting on a blue one. Ask yourself, first and foremost, if what you’re receiving at the moment matches up with your underlying desire.

See yourself living in abundance and you will attract it.” – Rhonda Byrne

The key is to be willing to receive anything and everything. How? Keep on reading1

1. Get clear on your “underlying desire.”

Identify exactly what it is that you really want—in my case, it was an ideal client (underlying) as opposed to a coaching client (surface)—and focus on that. Clear out all the mental noise and static that clouds your awareness.

2. Be flexible

Keep your eyes and mind open for anything that fits the description. When you ask for money, recognize that free coffee for what it is: $3 you were going to spend anyway, that can now remain in your pocket. Every penny on the ground, every coupon, it’s all money.

3. Keep an attitude of gratitude.

The more you appreciate what you have, the more that comes your way. Your grateful mindset opens the energetic door for more to flow your way, because “where attention goes, energy flows.” The more you focus on the things you want, the more you will draw them into your experience.

Remember, that the Universe responds to our requests in whatever way fits best within the big picture.

It’s a picture so big that we couldn’t possibly begin to see how it comes together. Trust it. Know that when you ask, you will receive. It may not come in the form you anticipate, but always in a form that responds to your underlying desire. You just have to be ready to see it.

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Life

7 Simple Ways to Master Your Emotions When Making Decisions

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A lot of people have big regrets when lying on their deathbed. These regrets are often related to bad decisions or decisions not taken. Thus, as it turns out, decision-making is dependent on great self-confidence. A person who has confidence in their decisions has an easier time making them.

Emotions also play a big role in all of this. This is a debate that has confronted two great thinkers. According to Descartes, “decisions are the product of the rational mind.” In other words, decision-making is essentially based on facts and mathematics.

But this thesis was refuted and proven to be wrong by Antonio Damasio in one of his works called “The Error of Descartes”. This was partly based on the story of Elliott, a kid that was very smart, who had above average rational capabilities, but incapable of making a decision, after a surgery to remove a brain tumor on the surface of his frontal lobes. After all his work in that matter, he concludes that a person who is incapable of emotion is incapable of making the most rational decisions.

The management of emotions is therefore completely inherent to good decision making, especially when making the most important decisions. To this end, here are 7 tips to put into practice to really master your emotions thus making the best decisions possible and never regreting them.

1. Take a step back

You must learn to take the time to identify and understand your emotions. Since physical reactions are emotionally related, also take the time to detect the reactions you have to some of your emotions. To be able to take the distance necessary to make decisions, it’s important to refer to your prefrontal cortex. This is the area of ​​the brain responsible for reasoning. To do so you need to put yourself in a stress-free environment for a few minutes.

“Your life changes the moment you make a new, congruent and committed decision.” – Tony Robbins

2. Breathe

The best way to do this is to learn to breathe deeply. This will allow activating your prefrontal cortex again, therefore, to have better control of your emotions so you do not react to them, let alone to the event that causes these emotions. Do this exercise for at least 15 minutes. It’s amazing how you can train yourself never to react, no matter what the situation. Ideally, let at least 24 hours go by before responding to a situation that would normally cause tension.

3. Pay attention

Once you are in the prefrontal cortex, put one hand on your abdomen, at the level of your intestines, and the other hand on your heart, and take the time to listen. These two parts of the body are the two major centers of vibrations and emotions. This is why it’s important to listen and pay attention to them.

The purpose of this exercise is to become aware of your gut and heart. What you need to remember is that the only person you need to trust is yourself. By practicing this exercise, one thing will become very clear: what the emotion you feel seeks to convey to you about the decision you have to make.

Since everything is energy, first make sure that the vibration of the decision you are about to make and that of your heart and gut are in sync. You will then know whether to go ahead with your decision or reject it based on whether you feel serenity or heaviness.

4. Discern untruths

It is important to know whether your nervousness is the result of an untruth you’ve told yourself. These can corrupt the vibrations that should help you make the right decision. You have to throw out all of these untruths and come to the decision-making without any filter. Stop thinking that you’re unlucky, that you’re in a bad situation, that your life is a failure, or that you are a victim.

5. Become aware of your emotions instead of avoiding them

To become aware of your emotions, you must learn to coach yourself. Ask yourself questions: How did you feel the last time you had to ask these types of questions? What did you get in return? Rename what you felt and the result you obtained from what you decided to do. You will thus be much better at assimilating, understanding, and welcoming your emotions.

6. Be as present as possible

There is no point in focusing on the big events surrounding the decision you want to make. Concentrate instead on the present moment, without analyzing the events. Judge based on emotions rather than the event. By being more present, you will be better able to listen to your emotions and feel them.

Life is a matter of choices, and every choice you make makes you.” – John C. Maxwell

7. Make your emotions your allies

Each of your emotions speaks to you through the physical and physiological reactions that they generate in you. Look to the weight of their impact on you as an indicator. Only by listening to them, using them, and managing them can you manage your emotions.

Habit comes with practice. With time, these 7 points will become much more natural and will become automatic. You will make better decisions for yourself.  This is one of the best ways to not end up with one of the big regrets.

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