Lessons - The 8 Forms of Wealth | Robin Sharma - Leadership Expert and #1 Bestselling Author

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All listeners can save 30% off their first order. Just head to cornbreadhemp.com slash success and use code success at checkout. That's cornbreadhemp.com slash success code success for 30% off your first order of these amazing gummies. In this lessons episode explore the eight forms of wealth beyond money and why true success isn't just financial. Learn how societal conditioning traps us in a narrow definition of wealth. Why billionaires can be cash rich but life poor and how redefining wealth through growth, wellness, relationships and purpose leads to a more fulfilling life. So you discuss eight forms of wealth. How many forms of wealth in 2024 does the average person have? Well what a great question I've never been asked that. I would say we all have a number of the forms of wealth. I think a truly beautiful life is when we're you know in hot pursuit of each of the eight forms of wealth. Whether it's wellness, whether it's adventure, whether it's senior work is a chance for mastery. Whether it's service or the most important forms of wealth. So I think all of us have a lot of that but I wrote the wealth money can't buy because society has given us this cultural hypnosis that we are wealthy when we have a lot of money. We are wealthy when we have a big house. We are wealthy when we have a huge stock portfolio. And I've mentored a lot of billionaires over the past 15 plus years and I can report with respect that a lot of them are cash rich but life poor. You find that there was a certain point, not even in the people that you've mentored. It's like I think that if you're talking about billionaires, they're very far along in their career. But when you look at you know the lessons that you've written about and you look back even in your life, was there a certain point in your life when there was a light bulb moment because you moved away from law at a relatively young age and you started writing and coaching and teaching. Was that the sort of the light bulb moment that even a career in law that could have paid significant amount of money? That was not the form of wealth that you wanted to pursue. Well it was that and it was also just being in the world and doing what the world says you should do to become successful makes me think I'm here Los Angeles. So I think Jim Carrey the Hollywood legend and he said I wish everyone could be rich and famous to realize it doesn't make a difference. And so I was on that hamster wheel as a lawyer and I had bought into the cultural programming a get more shiny toys etc etc and one day you wake up happy and that's success and when I got a better car or nicer house or made more financial resources it didn't change how I felt. It makes me think of in Zen proper wherever you go there you are wherever you go there you are. So we fall into this trap thinking okay if I could only reach this personal Mount Everest of more FSA fame fortune and applause. I would wake up and I feel fantastic and we miss out on JPM. Jory peace and freedom. Now I want to be really clear shot this model that the book is based around the eight forms of wealth. Money is one of the eight forms of wealth. So I'm not saying making money is not important it puts food on the sandwich able it allows us breed of we don't get back into a corner and have to do things we don't want to do. Money allows us to do great things for our loved ones. It's just one of the eight forms of wealth. They're having other essential forms that I believe a great human light is worth building around. So if you look at those let's let's listen up because this will paint the picture for all the discussions. So we have we have yes money which is what everybody feels is is what they're pursuing. I think a lot of us feel we're pursuing that we have growth wellness family craft community adventure and service and I think these are very interesting and obviously I would even love just very briefly before we go down the rabbit hole a little bit farther like in your own words what what are these different forms of wealth mean and yeah let's start there so people can frame it. Okay so all your viewers from around the world that's what the model books like quickly the first form of wealth growth. If someone is in hot pursuit of becoming their best cell someone is working each day quietly steadily your meditation visualization prayer reading generally to become more powerful stronger braver more authentic more alive than someone is in growth mode each day like so many of your viewers are that's a form of riches. The psychic wealth that comes to us from becoming more of ourselves is proud. Second form of wealth wellness. Someone once sent to me help us to crown on the well person's head that only the ill person can see. We have good health good energy longevity we had wealth money camp by three family. What's the point of living in a mansion being there all alone I tell the story in the book about one of my clients beautiful home biggest I've ever seen our collection car collection no one to share his life with. Fourth form of wealth craft whether you are a coder writer I know that teacher a billionaire street sweeper doing your work like Picasso painted gives great joy and happiness this form of wealth money and the relax like 20 chapters on how the billionaires do it for my intimate knowledge of their mindset habits ways of being six far more from all this community you become your conversations so it's all about stripping up the energy vampires to the importance and how to find people whose lives you want to be. Seven form of wealth adventure a lot of us are living the same year 80 times and calling it a life so like like there's 25 chapters in that section on how to inject awe and wonder which is a form of wealth wow my life is amazing it's magic that's a form well and then the final one is service and before I came on to your podcast I reread Mahatma Gandhi's beautiful why many said to lose yourself in the service of others is how you really find yourself a huge shout out to bank on yourself for supporting today's episode entrepreneurs here's the retirement secret that Wall Street doesn't want you to know while you are pouring everything into growing your business they want you gambling your future in their 401k casino with no guarantees as a business owner you already take enough risks why gamble with your retirement to it is time to discover the financial strategies smart entrepreneurs are using to protect their wealth bank on yourself is the proven approach that gives business owners what they need most certainty flexibility and control in their retirement unlike traditional retirement accounts bank on yourself gives you predictable guaranteed growth that isn't at the mercy of market crashes a liquid cash reserve you can tap any time to seize new business opportunities or whether downturns there's zero penalties or restrictions and tax free retirement income that shields your hard earned wealth from future tax hikes for entrepreneurs who understand the value of financial leverage here's the game changer when you access your money it continues growing as if you never touched it this means your capital works twice as hard just like you do you can get a free report that reveals how you can bank on yourself and enjoy tax free retirement income guaranteed growth and control of your money just go to bank on yourself dot com slash Scott and get your free report that's bank on yourself dot com slash Scott bank on yourself dot com slash Scott so we have we have these these aid versions of wealth and i think that people probably again to the first point they participate in some probably summer lacking um but societal pressure is very strong it's exceptionally strong we didn't just accidentally stumble into just pursuing money this is to keep up with the Jones's cost of living is exceptionally high so how do we how do we sort of recalibrate is this uh sort of a commentary on you know maslow's hierarchy of needs and maybe we think we need more than we actually do to fulfill that and we should be pursuing self-actualization versus just putting a roof over over a head but a roof now cost three four five million dollars uh you know whatever that is so how do we reframe how do we reprogram and this is something that obviously you teach and you probably help people at any level so there's not just when you're starting out you're talking about billionaires that need reprogramming so what is the what's the playbook the first step the first step is an idea as I do this podcast tourist guide everyone's going what are the techniques only the technique give it attack methodology without philosophy is an emptying victory so ideas are important we become so enamored with tactics and morning rude beings I teach them in the book there's hundreds of tools morning you kind of know you're kind of known for that's some morning routine literature guilty is charged so but how do we start the process of seeing our programming we start with the idea of oh maybe there are forms of wealth beyond money and with these ideas and then thoughtfulness and paying attention and then asking ourselves wow am I really experiencing all eight forms of wealth transformation lives in awareness as we don't more awareness of how we're living oh I'm in I'm caught up in the cultural hypnosis of chasing money and these mountain tops that in the end will lead to anything and then secondly how do you start there's a chapter in the book called know the penum principle pen of it deconstructs how we think the way we think it's an acronym P our parents E our environment N our nation A our associations and M our media and those five forces of penum Greek use I mean for example with our parents when we're growing up our parents we watch them they teach us how the world works they give us all these subtle cues here's what success looks like Scott and now we're 305 or 55 or 75 and we're still running those ancient programs even though they're not right for us so awareness is how we start we start thinking about these things and then tools MVP meditation visualization and prayer is just a fantastic tool to rewire the programming journaling this morning I was operating in late late journal and you know and so just journaling about what success looks like to you what is wealth to you what do you want to stand for what are your top five volumes those kinds of things it starts the rewiring process final thing I'd say is your social sir you're around people who are measuring success solely by financial well then you're going to stink like them to the power of emotional contagion so creating social circle of people who go oh money is one form of wealth but so is family so as well that's so is adventure so is service except thanks for tuning in if you found this valuable don't forget to hit that subscribe button so you never miss an episode and if you want to dive deeper into this conversation check out the links in the description to watch the full episode see you in the next one