Recap: Managing Wealth and Liberty

Wealth – be it tangible assets, intangible assets or personal liberty – is an awesome thing to have. But it doesn’t automatically make life all sunshine and roses.

One of the biggest challenges with wealth is effectively managing all the attractive options it puts at your disposal. Laying out these options was the focus of this week’s posts.

Let’s dive straight into the summary:

The checklist

  1. Carefully prioritize your investments.
    • There are many investment options in terms of tangible assets, intangible assets and personal liberty.
    • It pays to make clear priorities and first invest in those that will best enable others. 
  2. Buy your own time and energy.
    • One of the best things to do with any surplus income is to buy more of your own time and direct it towards your purpose. 
    • Willingly taking a pay-cut in exchange for greater freedom sounds crazy, but it really is awesome 🙂 
  3. Buy other peoples’ time and energy.
    • Any worthwhile purpose will require more skills, time and energy than you can ever have. 
    • There are several interesting ways to set up win-win collaborations for pursuing your purpose. 
  4. Enjoy sharing your wealth.
    • Giving from a position of abundance is one of the best win-win actions out there. 
    • However, you must first attain the position of abundance, otherwise giving can easily backfire. 

So, there you have it. In my experience, these are the best ways to manage wealth for the good of yourself, your loved ones and your society. 

It’s only been about one year since I started putting these ideas into practice. But so far, it’s been an awesome journey 🙂

I’m looking forward to experimenting further over the coming year and delivering deeper insights in next year’s edition of Supermorning Wealth!