Imagine a woman who puts on a sharp suit every morning, goes to work in a fast-paced office, and works at a relentless clip every day until 8 or even 9 pm despite fighting a cold and not getting much sleep. She lives in a beautiful house and makes more money than she ever imagined, but her job and responsibilities leave little time for loved ones, vacations, exercise, or moments to think.
Is this woman wealthy? I would argue: no.
I’ve been that harried businesswoman who feels empty and drained of energy, in spite of her wealth and career success. Having worked with dozens of high-net-worth individuals on personal finance and having managed funds worth billions of dollars, I’ve found that money goals need to go hand-in-hand with nourishing our physical, emotional and spiritual selves.
Being tied to a high-income job that deprives you of your time and imagination is a version of being poor—and the opposite of financial freedom. This is why I believe in the concept of “holistic wealth,” which I define as “financial freedom through the development of abundance in all aspects of life.”