If you wanted to make life better, where would you start?
I recently listened to Ken Honda and Lewis Howes talk about abundance. Ken Honda made a fascinating observation on assets: tangible versus intangible.
This applies to your measurement of success as to your measure of wealth and abundance. What intangibles allow you to say that you are wealthy and successful?
- great health and energy
- wonderful family relationships
- fun, adventures and hobbies
- self-image and confidence
- spiritual growth and wellbeing
- personal achievements
What are your measurements of abundance and success? Are they an authentic reflection of everything you want in your life?
How do you define abundance and success?
If I asked you how much money you want, you might say three million or five million. But what would that money buy for you? Does money buy happiness? Would it buy health and great relationships?
We all know people who have money but don’t have health or don’t have healthy relationships. Likewise, you might know asset poor people, yet they have excellent physical health and relationships.
If you want to live abundantly and authentically, the first step is clarifying what you mean by this. What is your definition of abundance? How do you define success for yourself?
It’s easy to accept and believe another person’s definition. We are all influenced by parents, family and friends, influencers, and society. Here are cultural norms and constraints that tell us how we should define them.
Nonetheless, it would help if you established your definition of what abundance and success look and feel like. Only then will you be able to live authentically: reflecting your standards.
Make life better: Tangible versus intangible assets
There are so many different tools and products that can help you design your blueprint for success.
For example, the Life Book looks at twelve categories: Health and Fitness, Intellectual Life, Emotional Life, Character, Spiritual Life, Love Relationships, Parenting, Social Life, Financial, Career, Quality of Life, and Life Vision.
I would consider the following “assets” when you are defining success and abundance.
Wealth: possessions and finances
More than how much money you have in the bank, I would suggest you have a wishlist of possessions you would like.
I realised many years ago that I didn’t want to own a boat. I love going out on sailboats and motorboats! B t I don’t want to own one and be responsible for the maintenance and upkeep. I m much happier knowing I can charter one for a few days or rent one for a few hours.
Similarly, I realised I don’t want to own a beach house as a second home. I’ve had a second home, and while it was beautiful to have a place to call my own, I let it go after a couple of years when I realised that it had become a weight rather than a joy.
I might buy a beach house to live in, but if we’re talking about weekends away, I would much instead rent one on Airbnb. This allows me flexibility in which beach I go on holiday to. It also means I have no monthly maintenance and care to worry about.
So, take some time to consider how you define wealth in terms of possessions and finances. W at are your aspirations and dreams? W at tangible assets do you want to own, or what would you like access to?
Financial security and income
Similar to possessions and investments is the question of income. H w much income do you want to have each year for the lifestyle you desire? You might get this income from passive investments. Alternatively, your income might be generated from your business or something you are actively involved with.
What are your ideal sources of income? How many sources of income do you want to have to support your lifestyle? Consider the time and effort maintaining those streams of income takes?
Do you want this income to be active or passive?
Career and professional activities
If you created a collage of all the areas of your life – would your career and professional activities be up front and centre? How big would that picture be in your vision board to represent the importance and value it has for you?
For some people, career and professional assets are of high importance. B t this isn’t the case for everyone. A the end of the day, if you are to live authentically, you need to decide what importance it has for you.
For example, if you are a polymath, you might have many interests and activities rather than one central idea that is key to everything.
While there might be tangible parts of your career, there are also many intangibles. What is truly important for you?
Health & Wellbeing
Can you put a price on your health? Having run my health into the ground in pursuit of my career and business goals, I’d be the first to tell you that health is priceless! If you have good health, treasure it.
What are you willing to change to regain health and vitality if you’re suffering from chronic illness?
As you take stock of your life and assets, consider the state of your health and wellbeing. How does this play into your lifestyle and doing what you love?
Relationships: friends and family
Another essential part of life is friends and family. T eir importance may ebb and wane throughout the years, like the tides. But we are all social beings (even introverts) who need connection.
It’s not about having “a relationship” but rather the quality of our relationships that define us. This is true at every stage of life.
When building your list of assets, consider what you have and what you’d like to have. What would you like to create? And what do you need to discard?
Social life: fun, adventure and hobbies
Have you considered the intangibles that bring you joy? Ma y priceless moments of joy in life cost nothing but your time and presence.
Could you make your life better by incorporating more time for simple moments?
What have you listed and prioritised in your goals that spark joy as you define success and abundance? Ha e you created space for fun, adventure and hobbies?
Personal growth, self-image and confidence
You’ve probably noticed that each item on this list appears to get more intangible. You’ve probably included goals and dreams for professional growth: but what did you include for your personal growth?
What about your growth journey is essential to you?
This takes many forms. For some people, it might be religion, meditation, or spiritual practice. For others, it might simply be standing in the power of now, staying present and in their body.
Who defines your spiritual path? What weight and importance does it have in assessing your success and abundance?
Achievements and legacy
The final aspect you might consider in making life better is what you leave behind when you go. I realised this week that three people I have mentored in my past career are now in important positions in government.
What impact are you leaving on the world?
In your definition of success and abundance, have you included the importance of what remains after you have passed through another person’s life? Wh t are you leaving them with?
Make life better while achieving your goals.
Once you’ve had a chance to consider your tangible and intangible assets and define for yourself abundance and success, you might consider taking stock of your life.
This is where you take a moment to see where you are – here and now. Wh t’s the present condition?
Make life better: start by taking stock
The life wheel is composed of 12 sections, representative of the most important aspects of life:
- Personal Growth
- Social Life
- Fun & Hobbies
- Physical Environment
Make life better: clarifying your goals
Once you know where you are and what you want, it’s time to clarify your goals, breaking them down into more realistic steps.
You build a life by making career and professional changes, implementing new choices, and building new relationships. Li ing abundantly and authentically is about creating the life you want, which requires that you clarify your expectations and then dive into the decision-making process of goal setting.
You describe your ideal life, not just your financial or career goals. Your self-awareness – how you “know thyself” – will impact your alignment with your values. Ultimately, wellbeing is an inside job: your start within, connecting with your inner wisdom.
Maintaining success depends on your ability to reassess your goals, no matter how relationships change over time.
You can make life better by using your compassion, courage and creativity to create a lifestyle you love!How you might think about money and abundance:
- Make life better: how to live abundantly and authentically
- Emotional eating – you can’t want a “should”