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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

3 Ways You Can Track Your Habits to Make Significant Improvements in Life

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how to track your habits
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Do you feel sick and tired of all the generic advice on success out there? It’s always the same things. Read more, write more, believe in yourself, eat healthy, go to the gym, love your life and your wife. From time to time, all of the articles seemed like they were written by someone who has never experienced real life or any of the struggles they tend to write about.

It’s like getting advice from an alien. But nobody ever writes on the details of the struggle. Because they don’t know it. To be able to know and understand the struggle, you need to experience it. To live something day in and day out and experience it viscerally means to know something and have a grasp of it.

It is as Walt Whitman said it: “I do not ask the wounded person how he feels. . . . I myself become the wounded person.” I went through years of pain to learn how to build habits. I didn’t only read books about it (and yes, books are important), but I lived through it.

Because I know that theory and practice are the same in theory, but they are not the same in practice. I had to live it through to be able to give any advice on it.

I did go through the pain and created my habit building system. What I noticed during the process of building my habits was that it can be challenging to track them. Nobody was telling us how to do it, because that’s something you learn when you go through the process.

Here are the three different ways you can track your habits:

1. Task done

The way you track this type of habit is by marking if you did your task. By that, I mean “I am going to vacuum the room” and you mark it done/not done or 1/0 in your habit tracker. This way of tracking works the best when you don’t know how much time a task will take and you just track if you did or didn’t do the task.

I have the same for my writing habit. My daily habit is “Write 500 words.” So when I do the task, I immediately open my habit tracker and mark it done. I do this by writing in the tracker the number of words I wrote that day (I don’t count social media or texting or things like this- only writing as in pure writing).

This is one of the easiest ways you can track your habit. But if you have a tight schedule, a different way of tracking might be better and this is what I mean.

“It is easier to prevent bad habits than to break them.” – Benjamin Franklin

2. Time Allocated

Let’s say that you have only 30 minutes for yourself in the morning before the kids wake up. What you do in those 30 minutes counts and that is the second way of tracking your habits.

A great question to ask yourself is “How much time did I spend today on a certain habit?”

For example, let’s take the habit I’m developing of the writing 500 words daily. I try to make “write for 20 minutes” a daily habit. This way of tracking your habit works the best if you have a tight schedule or you run your life on “manager time,” as Paul Graham would say it.

I use this way of tracking for my daily walking habit where I “walk for 30 minutes” a day, trying to get my 10,000 steps a day count. From July 2018 up to March 2019, my average number of steps per day was 9429 and I did 2,178,120 steps. One kilometer is around 1,250 steps which means I walked 1,742 kilometers in 8 months which is the equivalent of walking from Miami, Florida, to Washington D.C.

There is one more way of tracking your habits, and this one is the best for tasks which are hard to accurately measure.

3. Did I do my best?

How do you measure your habit of being a great dad, husband, boyfriend, or friend? You can’t just say “Phone my girlfriend every day and talk to her for 15 minutes” and call it a day. It doesn’t work like that. You can talk to your girlfriend for 2 hours straight and it won’t make you a great boyfriend. Time isn’t the issue here. It’s how we use that time.

And that’s where the third way of tracking your habits comes into play. “Did I do my best to be an awesome boyfriend, husband, father, or friend today?” And you rank yourself from 1 to 10, 1 meaning that today, you were really lousy, and 10 meaning you were an amazing boyfriend, husband, father, or friend in the world.

“You’ll never change your life until you change something you do daily. The secret of your success is found in your daily routine.” – John C. Maxwell

This makes a massive difference in the lives of not just you, but people around you. It’s what Brendon Burchard would call social habits. You can’t count love, but sure as hell can you count the effort for love.

You don’t have to pick just one way or another. You can combine these different ways of tracking your habits. And yes, even though some habits work better with a particular type of tracking, that doesn’t mean that you need to adapt to it.

Experiment and try and see which one works the best for you. Use all three tracking methods if you want to. Just remember to track your habits. Because the Walt Whitman quotes, which I modified a little bit, tells us “I don’t ask a successful person how he did it…. I myself become a successful person.”

How do you track your habits to make sure you’re on the path towards succeeding? Share your advice below!

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Life

Why Breaking Out of Your Comfort Zone May Be a Bad Idea

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Donald Trump famously said, “Avoid your comfort zone – it’s probably outdated anyway.” It is very good advice for people who are exceptional, but what if you are not exceptional? You probably learned in college that no matter how good you are at something, there are always other people who are better than you.

Are you humble enough to say you are not exceptional? And if so, isn’t it possible that your comfort zone is where you belong? Just because you are in your comfort zone, it doesn’t mean you don’t crave success. Champion boxers never leave their comfort zone to take part-time jobs as a typist. Consider the fact that your comfort zone is the place where you will enjoy the most success.

Why “Comfort Zone” Advice Seems So Correct

Once again, breaking out of your comfort zone may be the right thing to do if you are exceptional. It is especially true for exceptional people because breaking out of their comfort zone is often the only place where they can grow. Yet, that is not the only reason why breaking out of your comfort zone seems like good advice.

The truth is that most people confuse being in a rut with being in their comfort zone. For example, the middle-aged executive who stays in his dead-end job because it is safe, rather than starting a new business selling parachute lessons, is not staying in his comfort zone, he is sticking with his rut. If people tell the middle-aged executive to get out of his comfort zone, they actually mean he should get out of his rut.

However, take the same middle-aged executive who is well respected at work, whose job is not a dead-end one, whose social life thrives because of his job, who’s bringing up children, investing, and who is healthy because of his job. If this same person were to leave his job to start a parachute training company, he would be leaving his comfort zone and most probably be making a great mistake.

Isn’t the Grass Always Greener On The Other Side?

Taking the previous example, what if the middle-aged executive left his job and his parachute training company offered him all the same things his old job offered him except better? Isn’t it always a good idea to try and fail rather than to never try at all?

The question and sentiment is fine, but it is not real life. Ask a person who has tried everything and ask a person who tried a bunch of stuff and then found something he/she enjoyed, and ask which person is happiest. Just because you “Didn’t” try something doesn’t mean you are missing out.

“The grass isn’t always greener on the other side!” – Ricky Gervais

What About People Who Broke Out of Their Comfort Zone?

There is an old “Will & Grace” episode from 2002 called, “Went to a Garden Potty.” In it an old man says a line that goes, “I’m Stan’s old partner. We started the mattress store together, then he wanted to branch out into other businesses but I said, no I’ll just not take any chances, so now I’ve got the one little store and he’s worth hundreds of millions of dollars.

The mattress store story sounds familiar doesn’t it? You have read about similar stories in motivational books, but what you rarely read about are people who didn’t take risks and still became successful millionaires. A book called, “The Millionaire Next Door” addresses this discrepancy by featuring people who became millionaires by selling caravans and by being dentists. It shows how people who work the same job their entire lives are not schmucks, and that their unexciting success stories are still success stories.

Do not confuse taking risks with being outside of your comfort zone. In the “Will & Grace” example, the character Stan felt outside of his comfort zone with just one store. Stan’s comfort zone was taking risks. Stan didn’t leave his comfort zone when he went off making millions of dollars, he entered his comfort zone in order to do it.

The people who risk it all on a penny-share company are not doing it to break out of their comfort zone, they are doing it because they feel uncomfortable if they are not taking risks.

“Unexceptional” People Can Be “Exceptionally” Successful in Their Comfort Zone

I don’t like to be out of my comfort zone, which is about a half an inch wide.” That line is a quote from Larry David, the guy who wrote “Curb your Enthusiasm” and “Seinfeld” and he is worth $400 million.

Stephen King was 27 when he sold his first book, and he was writing long before that. King hasn’t left his comfort zone since he was out of college, and he is worth $400 million. One could even say that Stephen King rarely leaves his comfort zone creatively since his stories almost always feature a middle aged man, and many times the middle-aged man has a creative career such as being a writer, painter, etc.

Danica Patrick, when asked how she became the best female racer in the world responded with, “I never do anything out of my comfort zone.” Does that mean this woman, who is worth $60 million, never takes risks? You would know the answer if you had ever watched her race.

Do not forget the psychological damage that repeated failure can do to a person. People who say, “What doesn’t kill you makes you stronger” have clearly never gone through a terrible time because terrible times often make you weaker.

Repeatedly trying to break out of your comfort zone, only to be kicked back and stomped into the ground (metaphorically speaking) takes its toll and will often sap your enthusiasm to keep going forwards.

“Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy.” – Dale Carnegie

Conclusion – He Will Be Back

Have you considered that exceptional people do not have a comfort zone? Take Arnold Schwarzenegger, whose last name has found its way into every spell checker program on the planet. He was a world-class bodybuilder, a record breaking actor, married a Kennedy, and became a US governor.

Some people say he was so successful because he never became comfortable being the best at just one thing. Maybe that is the reason for his success, maybe he wasn’t trying to break from his comfort zone…maybe he was trying to find it.

What are your thoughts on being able to succeed while staying your comfort zone? Share your opinions and stories below!

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Life

Do These 3 Things Today to Live in the Moment and Have a Better Tomorrow

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People always say that life is short, but they fail to remember that while life is short compared to eternity, living is the longest task that we as humans will ever perform.

Some of us take each day as it comes and some of us carefully plan out what we desire each day to bring us. No matter how you go about it, if you’re not careful, having an unbalanced point of view as it pertains to life and how to make it better for yourself can bring more pain than it will joy.

Life is filled with decisions and the decisions you make today have the power to shift the course of your tomorrow. Life can sometimes move so quickly that it’s hard to think and act while simultaneously balancing all the roles you possess and completing all the tasks you need to complete. Nonetheless, there are ways to navigate the trenches of life so that you’re able to enjoy each day as it comes, embrace the possibilities of tomorrow and be present to experience all the moments that make you smile.

If you have a hard time slowing your mind down long enough to pause and breathe, try these three tips:

1. Before you make a decision, ask yourself “why.”

According to Psychology experts, one of the easiest steps you can take right now on your journey of de-stressing is to ask yourself hard questions. Sometimes you think, act and speak before you have time to process what is happening inside of you and around you. Knowing this. It could be your lack of intention that’s the problem.

As a part of your self-awareness journey, start asking yourself why you are the way you are, why you think the things you think and why you do the things you do before you take action. While an adrenaline rush helps kick you into gear to take action, you want to make sure any action you take aligns with your personal goals.

Self-awareness allows people to recognize what things they do best so they can then go hard on those aspects of their life. It also helps you accept your weaknesses. – Gary Vaynerchuk

2. Instead of planning for the long game, just plan for tomorrow

Worry is the thief of time and joy. If you look at your track record of life events, you may notice that many of the things that caused you the most stress and worry never came to pass. When you think about the direction you want your life to go in, don’t stress yourself out wondering what the next five years will look like. Take a moment to breathe, look around you and relax.

When you focus on taking life one day at a time, you’ll have more energy to think logically and make the decisions that lead to both short and long-term gains. How do you eat an elephant? One bite at a time. How do you live a happy life? One moment at a time.

3. Fight the urge to prove yourself

We live in a society that forces us to try to convince others of our happiness. According to studies, phones are necessary evils. It seems like you can’t live with them and you can’t live without them. And for most of us, our phones play such a large role in our day to day that we start and end the day looking at the small screen.

The last time you enjoyed a moment of peace and tranquility, it’s likely that you snapped a picture of your surroundings so you could show the world just how much you enjoyed that moment.

Here is the good news, you don’t have to prove to anyone that you are happy or that you enjoy your life. Keep some moments to yourself. Protect your peace and your space. Don’t let the urge of sharing your journey cause you to be distracted from living in the moment. Don’t miss a moment in an attempt to capture the moment. Just be.

“It’s the moments that I stopped just to be, rather than do, that have given me true happiness.” – Richard Branson

Life is what you make of it. You have more control than you know. Life gets so much better when you acknowledge the opportunities instead of the obstacles that come your way. Before you feel an ounce of anxiety as a result of a stressor coming your way, ask yourself “why” you feel the way you do, think for the moment and not for your life and remember that you have nothing to prove to anyone but yourself.

How do you relax with so many distractions in the world? Share your ideas with everyone below!

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Life

Follow These 5 Steps to Radically Transform Your Negative Mindset

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Struggling with a negative mindset is a very real and common problem, one that often hinders a person’s ability to grow and achieve the things in life they want. Oftentimes, it is someone’s mindset that determines their level of happiness.

What is a mindset? A mindset is the beliefs about yourself and your most basic qualities. Think about your intelligence, talents, and personality, these are the basic traits of oneselves. A mindset determines how we deal with challenges and obstacles. Which frame the running accounts in our heads and guide us on our life journey.

Experts agree there are two basic types – a fixed mindset and a growth mindset. In a fixed mindset, people believe that their natural traits – intelligence, abilities, and talents are fixed from birth. In a growth mindset, people believe that they can develop their inner traits through learning and determination.

“The passion for stretching yourself and sticking to it, even when it’s not going well, is the hallmark of the growth mindset. This is the mindset that allows people to thrive during some of the most challenging times in their lives.” – Carol Dweck

Research has shown that 80% of the nearly 60,000 thoughts we have on a daily basis are negative. It also estimated that 98% of those thoughts are a repetition of yesterday. On a subconscious level, people are expecting the worst – almost all of the time. Constant repeated thought patterns turn into beliefs.

These beliefs then combine into a fixed and negative mindset. One where our inner voice is a harsh critic, a worrisome voice, and an anxious being. Luckily – we can employ parts of our brains to change other parts. We can move a fixed mindset into a growth mindset. How?

Here are five steps to radically transform your negative mindset:

Step One – Untangling your thoughts

A very powerful, proven technique for stepping back from the constant flow of thoughts is to look at them with the impartial rational mind. Generally, it is easy to spot these negative thought patterns because they are accompanied by an emotion. Recognizing the emotion tied to anxiety then gives you the power to label it for what it is. The same can be done for many other feeling patterns. These thoughts and feelings start to lose their intensity when repeatedly scrutinized by the rational mind.

Step Two – Examine your beliefs

Using the perspective gained in step one, you can begin to check your belief systems. The fixed mindset creates an internal monologue that is focused on judging: “This means I’m a loser,”  “I am a better person than they are,” “I am not a good wife and mother,” “My partner is selfish.” Etc.

The key is adopting a growth mindset. A growth mindset is one where it is possible to learn and begin to cultivate positive beliefs. For example – when you find yourself being hard on yourself, consciously change it to something more positive – like when you have failed at something and the negative inner voice is yelling “see – you suck. I knew you’d fail” (a fixed view). Changing this tone to one that is more forgiving to yourself – “its ok – you’re only human. Learn from this mistake and you’ll do much better next time” (a growth view).

Step Three – Balance Your Risk-Averse fears

Being overly risk-averse in life leads to focusing on catastrophic possibilities. In a fixed mindset,  these fears are set in place and the belief is that they cannot be changed. Which results in a human being that is unable to experience life because of fearfulness. Fears can be overcome by setting goals and making detailed plans to accomplish them. Write the specific goals and plans down on paper. If you have your plan written down on paper than you know what you have to do and will not negotiate with your fears when making decisions.

Step Four – Adopt the Habit of Daily Mindfulness Meditation Practice

The practice of mindfulness meditation has been around for 2500+ years. It is what Buddha practiced and is at the heart of many religions. Meditation can be used to see the bigger picture and not focus on the implications of now. More so, mindfulness meditation can delve into each piece of it – old fears, habitual self-loathing, shying away from challenges and eliminate these pains.

What is meditation anyway? At the core, it is the mind’s ability to look inward. As discussed above – it can look at the thoughts, emotions, beliefs, fears, hopes, attraction, and avoidance of oneself. It can gradually quiet the negative internal monologue. Research shows that meditation increases a sense of happiness and contentment. Mediation makes space for growth by eliminating underlying stress, depression, and anxiety.

“Your mind is a powerful thing. When you filter it with positive thoughts, your life will start to change.” – Buddha

Step Five – Shape Your Mindset With Visions and Goals

Every person has hopes and dreams that they want to accomplish. However, often we feel powerless to do so. By setting specific goals and detailed plans to accomplish them, you can start to break free from negativity. Break down the goals into smaller achievable steps. Allow every achievement along your plan to bring a sense of accomplishment and self worth.

The best way to begin to put it all together is to have faith that you can break out of a negative mindset. Gain an understanding of how your current mindset is fixed and negative through mindful meditation. From this insight and understanding, you can then set achievable goals of positive growth and use the same mindfulness to measure your success.

Adopt these five steps and through determination and consistent practice, you will find your mindset transformed in ways you never thought possible. Remember, there is always space for failure. Without failure there is no growth.

Do not fall back into the trap of negative thinking if you do not achieve what you want in one day. Humans are imperfect beings, and it is not possible to reprogram your brain within a day or a week. Some negativity will linger for awhile and that is totally normal. What matters most is your continued effort to reprogram. Over time your mind will change, just give it time.

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