Theword 'wealth' is not restricted to just money, and it is a narrow point of viewto know what it means to be wealthy. Wealth consists of many aspects like ourhealth, relationships, finances, and time and can be broken down into four categories: 

1. Money (Financial Wealth) 

2. Status (Social Wealth) 

3. Freedom (Time Wealth) 

4. Health (Physical Wealth) 

1. FinancialWealth 

Financial wealth means financial freedom to do more ofwhat you like—complete freedom from every other financial crisis. 

Financial wealth comprises understanding areas like investments, savings, and budgeting,and they want to be financially savvy. Now, imagine yourself in the future notworrying about money anymore. How would that make you feel, and how would thatchange your relationship with the world, people around you, and your familysituation. 

Readmore: Financial Planning Tips For Beginners 

2. Social Wealth 

Socialwealth - The underrated wealth. Status has its value, fulfillment, but whowould have thought of it as a form of wealth? Have you heard of the phrase -'keeping up with the Joneses' and the obsession attached to do it? Taking debtevery time to buy trendy things can lead to a substantial financial and emotional downfall. 

Socialwealth majorly comes with how one interacts within the world, and yes, it comeswith luxury cars, houses, one's appearance but primarily with what kind ofcharacter one creates and how others perceive it. 

Readmore: How to Financially Prepare for Your Wedding 

3. Time Wealth 

Fre

edom is having our own time to spend how we want, where we want, with whom we wish to. Time is what we crave. However, time is rare in modern times, where most ofus spend earning money and building a social symbol, and to embrace it,everyone needs to understand that time is limited and can never be on our side.There is one more common term, 'cash-rich and time-poor' and we are sure that you want this position to be there to feel wealthy. 

4. PhysicalWealth 

The g

rip to all other types of wealth and our life put together. Without this, onecannot achieve the different kinds of wealth – well, not in a long and sustainable course of action. Health is our true wealth, and the majority of us fail to invest in our body and mind and or even worthy of achieving other kinds of wealth, but with the right plan, one can easily enhance their health. Small changes in your diet, sleep, and other activities can lead to a considerableimpact. If we couple who understand more about our body and minds by reading and surrounding ourselves with the right people, it can be a real game-changer for our overall sense of wealth. 

Everyone can fulfil all four types of wealth within their lives. All you need to do is find the right kind of balance, and you will thrive on your own. 

Eachof these wealth requires years of practice, dedication, humility,understanding, and learning. Consider it as a lifelong practice that does notend because there is no final destination.   

Source: Types of wealth