15/07/2015

By Malcolm Durham, owner of Wealth Being


When we think of wealth, the things we think about are obvious — money, and a whole lot of it. You may be born with it, or you may have earned it through your business, but wealth is normally equated to money. And when we think of wellbeing, we normally think of our satisfaction in life, our mental and physical health. Here is why this balance of “Wealth Being” is so very important.

Everybody Wants to Have Wealth, But Does it Make You Happy?

From your very first baby steps thinking of ideas for your business to the run-up to the sale of your business, wealth is a very common motivator. For example, you may have a great idea for a product or service, one that could potentially earn you a lot of quid. But you may be worse for it even if you earn a lot of money if you go home frazzled at least five days a week, if you don’t get the support that you expect, or if you generally don’t believe in what you’re doing.

This makes it important to choose the right ideas before starting your business. It has to be something that solves a problem, and something where you’re good at, even if not an absolute expert. Support from others, comfort, and commitment are all essentials when choosing products or services to focus on, and if you don’t have any of that, you know you’re in trouble.

Stay Mentally and Physically Fit as Your Business Grows

So your business is growing, your products are selling, and the money is rolling right in. But if you aren’t getting enough sleep, if you barely exercise, and if you’ve taken to unhealthy habits due to the sheer stress of it all, you risk losing the drive and energy that every good boss needs, and you risk putting yourself at a mental and/or physical disadvantage. Make it a point to minimise, if not eliminate those nasty habits, while eating the right foods and exercising regularly.

It is also very important that you give yourself a break every now and then. Sure, making money and making sure the business runs like a well-oiled machine are both important. But devoting enough time for leisure could keep your wellbeing up to par despite all the pressure at work — you don’t always have to bring your work home with you! Additionally, meditation can be a very helpful tool in ensuring your wellbeing — keep your emotions in check and stay relaxed by spending a few moments in silence, away from all those stress triggers.

Wealth Being Also Matters When It’s All Over

Eventually, you’ll reach a point in your life where you feel like you’ve achieved all there is to achieve, so you sell the business and retire. That’s going to net you a windfall of money as you celebrate, prepare for the golden years, and look forward to some much-needed rest and relaxation. But you should also make sure you’re taking good care of the wealth you’ve amassed through the years, spending or investing that money wisely, getting sound advice, and tending to your wellbeing.

But what’s to do when you’ve got nothing else to do but sit in front of the telly, and you’re suddenly missing how busy you were back when you still had the business? There’s a chance you may be depressed, and once you’ve sought help (if needed), it’s time to get back to the basics. And by the basics, we mean Maslow’s Hierarchy of Needs. We mean revisiting the activities that gave you the most fulfillments in life. And lastly, we mean getting your groove back, doing things that give you the right balance of meaningfulness and enjoyment.