Business

The many sides of wealth

SSL in the Money

With ASHLEIGH ELLIOT

Wednesday, May 23, 2018

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When people speak or hear about the word wealth, they automatically think money.

Let's make it clear, wealth is a vast amount of money or any valuable possession that someone desires. It can be found in relationships, values, how you carry yourself, your self-perception and of course money. These varying types of wealth all affect your overall wealth asset and can determine your success.

Firstly, how someone views or carries themselves is very important to their financial wealth. Their self-perception influences their self-confidence and the decisions they make. These decisions are usually aimed at making you a better person and giving you greater happiness in life.

Joy in your personal life is scientifically linked to increased productivity and more career growth. This career growth allows you to earn more financially and grow your monetary wealth.

How can someone who lacks self-confidence be confident in their work? In such a situation the opportunity for complacency and demotivation is ripe and that creates a domino effect of procrastination and stagnancy. Wealth can never be a by-product of stagnation. Rather, it is a derivative of progress.

“We must learn to love ourselves before we learn to love others.”

Secondly, with self-wealth comes relationship wealth. This is very important because without self-love we are unable to wholly love someone else. We become so caught up with our insecurities that we are unable to see or accept someone else's love. This love is the bedrock of relationships.

Relationship wealth should, mostly, bring us joy and peace; a warmth undefined and a glow within.

Where people are unhappy at home or in relationships, their emotions often spill over to work, thus causing inefficiencies and poor outputs. This consequently inhibits their professional advancement and thus their monetary wealth expansion. In order to build a wealthy life, we must foster healthy relationships.

Personal relationships are not the only kind we must take into consideration. The relationships we have with our co-workers as well as our supervisors must be nurtured as well.

Once they have your best interest at heart, they can be a learning tool and a channel that leads to growth within your job scope or even your career. Undoubtedly the result is expansion of financial wealth.

Being wealthy in regard to self, values and relationships can increase a person's risk threshold as they seek to better themselves and their loved ones. This higher risk threshold may be reflected in that individual going after riskier stocks as opposed to the safer bonds, investing in education advancement or even entering the entrepreneurial sector in a part-time or full-time capacity.

Perspectives on wealth vary significantly. It is akin to being at a concert where everyone can see the action on stage, but they all have a slightly different vantage point based on where they are seated. Despite the vantage point, wealth is a quest for everyone.

Those with an abundance of financial wealth often seek after non-monetary wealth and vice-versa. And what is enough to one man may not be enough to the other. You must define your concept of wealth and aim after it.

Whatever your choice, put yourself in a position to acquire all forms of wealth so you live a life with no regrets.

SSL are experts in financial wealth. As it pertains to monetary wealth, SSL encourages honest earnings and emphasizes that its often not the quantity, but what you do with your money that makes a difference.

SSL strongly believes that all Jamaicans can attain financial freedom.

Ashleigh Elliot is a securities trader at Stocks and Securities Litd.

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