Ben Mumme is the founder, curator, and podcast host of the Living Your Greatness Podcast. The purpose of the podcast is to inspire millions of people across the world to achieve greatness and enhance their overall personal well-being.
Living Your Greatness is becoming the go-to resource that CEOs, elite athletes, professional coaches, and entrepreneurs rely on to upgrade themselves. The podcast helps you master the best of what other people have already figured out.
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In this episode, Ben explains that real wealth is an abundance of what is truly valuable. Wealth is a state of mind, not just your account balance. Societal pressures can have you easily fall into thinking money and status defines wealth but it goes beyond that.
Ben discusses that wealth is about having the time and health to enjoy the significant net worth you’ve built with the people you love. It is important not to live a life where you are rich in money but poor in other things that matter more.
Living your greatest life requires years of learning, practicing, and building four different types of wealth:
1. Financial Wealth (Money)
Financial wealth measures how much money or assets someone has accumulated. It encompasses the ability to be financially free.
2. Social Wealth (Status)
Social wealth comes down to how you interact with the world. This is determined by your relationships with other people, such as family, friends, and community.
3. Time Wealth (Freedom)
Time wealth is the freedom to choose how and where you spend your days. Most people are too busy trying to achieve financial wealth that they ignore time wealth.
4. Physical Wealth (Health)
Physical wealth is the glue that holds all the other types of wealth and our life together. Physical wealth is more than just physical, it is mental health. Being able to feel happy, and invigorated each day.
Ben then explains that we all have the ability to achieve all four types of wealth within our lives and only when we do get to this point can we begin to feel the wealth of fulfillment. This occurs when all four types of wealth are at play at the same time and in the right balance. This is the place where we should all strive to be.
Each of these types of wealth requires years of dedication, practice, humility, learning, and understanding. It should be viewed as a lifelong process that doesn’t end because there is no final destination.
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Host: Ben Mumme
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