"We often define wealth in financial terms, but a growing body of research suggests that our well-being depends less on what we accumulate and more on how we allocate our time, energy, and attention. It is important to note that positive psychologists (myself included) had to eat crow recently when new research walked back the idea that money doesn't boost happiness."
"I recently had the opportunity to sit down with Sahil Bloom, who has popularized the idea that there are five different types of wealth: time, social, mental, physical, and financial.Together, these five types of wealth offer a framework for designing a more intentional, balanced, and fun-filled life. Energy Before Efficiency (Time Wealth) When people feel trapped in busyness, their first response is often to try to optimize their schedule."
"To achieve true time wealth, Bloom suggests beginning by becoming aware of how you spend your time. At the end of each day, review your calendar and identify what energized you, what just passed the time, and what drained you. For most people, after a week of this type of mindful review, useful patterns will emerge."
Wealth extends beyond financial assets to include time, energy, relationships, mental and physical health. Recent research revised earlier claims that money has no effect on happiness, but broadening the definition of affluence still correlates with a richer sense of life. Five types of wealth—time, social, mental, physical, and financial—offer a framework to design a more intentional, balanced, and enjoyable life. Time affluence centers on energy before efficiency: alignment matters more than squeezing productivity into hours. Daily calendar reviews that track what energizes, passes time, or drains reveal patterns. Saying no to unnecessary commitments and defining "enough" as a personal vision fosters intentional living.
Read at Psychology Today
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