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Wealth_Management_And_Wealth_Attraction

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					Wealth Management And Wealth Attraction

Word Count:
416

Summary:
When talking about possession, a person unconsciously refers to wealth.
But depending upon its use, wealth can be defined in different ways.
Basically, it can be classified into financial and non-financial.

Financial Wealth

In the economic world, wealth is defined owning items which have economic
values. Example of having financial wealth is the accumulation of things
like real estate, money and jewelries. There are reasons why people try
to have financial wealth. The m...


Keywords:
wealth, attracting wealth, wealth management, creating wealth, ultimate
wealth package, building wea


Article Body:
When talking about possession, a person unconsciously refers to wealth.
But depending upon its use, wealth can be defined in different ways.
Basically, it can be classified into financial and non-financial.

Financial Wealth

In the economic world, wealth is defined owning items which have economic
values. Example of having financial wealth is the accumulation of things
like real estate, money and jewelries. There are reasons why people try
to have financial wealth. The most common reason is security.

People with financial wealth also believe that having them brings power,
respect and recognition. Depending on where you live, the amount of
financial wealth you have accumulated will be relative. Wealthy
individuals living in third world countries would be considered average
in countries like the United Kingdom and United States.

Non-financial Wealth

While other people are occupied with the accumulation of material wealth,
other people believe that true wealth is not something that has economic
value. Faith, love and peace of mind are just some of the examples of
non-financial wealth that some people strive hard to have in their life.
The reasoning behind is simple. Even with all the material wealth in the
world, a person would never feel truly complete or secured without non-
financial wealth.

In recent years, society has finally looked at non-financial wealth as
equally important as financial wealth. Ironically, some people need to
spend money just to obtain non-financial wealth. They enroll in yoga or
meditation classes to have peace of mind, donate huge amounts of money to
participate in religious activities and even buy their loved ones
expensive gifts to show their love and appreciation.

It is therefore obvious that people have integrated these two types of
wealth to define the true meaning of the word. To achieve or create
financial and non-financial wealth, here are some of the most common
practices.

To achieve financial wealth, you can harvest natural resources and/or
develop or change a material thing thru skills and knowledge application.
Another way to create wealth is by improving methods in production,
effectively creating wealth faster. You can decide to set a limit to your
accumulation of financial wealth depending on your need for security. On
the other hand, non-financial wealth can be achieved or created by
analyzing your needs and priorities.

You can only achieve peace of mind if you know what you want in life.
Since non-financial wealth is not quantifiable, it is difficult to
realize whether or not you have enough of it in your life.