What Is The Wealth Trifecta?
Whether we're making small talk at a party or talking about investments with a financial advisor, it's likely that you haven’t heard of the concept of the "wealth trifecta." The "what is the wealth trifecta" blog is an attempt to explain how rich people think and what they believe. They are usually social, healthy, and free.
Have you ever wondered why some people seem to have it all? They're rich, they're healthy, they're happy. And they don't really seem to be working all that hard at it.
Well, the truth is that there is a core trio of factors that are the secret to their success: relationships, health and freedom. These three things are what will help you grow as a person and create wealth in your life.
Relationships
Relationships are the foundation of every successful person's life. When we reach out to others, when we make friends and build community with those around us, we become more happy and successful ourselves. The more we are able to connect with others on a deep level, the better off we'll be—both personally and financially.
The wealth trifecta is the idea that relationships are the foundation of all three areas of your life: financial, physical, and spiritual health. If you take care of yourself in each area, you'll start to see benefits across all three areas of your life!
Relationships are more than just connections with other people—they're connections to yourself. They're also an opportunity for you to learn about yourself and grow as an individual. Relationships help shape who you are, how you think about yourself, and what kinds of goals and aspirations you have for your own future.
Health
We've all heard about how important it is to take care of our bodies in order to live long lives and be productive members of society. But did you know that taking care of yourself also helps you enjoy life more? When we take care of our bodies by eating well and exercising regularly (and making time for fun activities), we feel better emotionally as well as physically—and this leads us down a path toward abundance rather than scarcity.
Freedom
Freedom is a simple concept, but it's not always easy to achieve.
We've all been there: you're trying to get ahead in life, but something keeps getting in your way. Maybe it's a financial obligation—a credit card debt or student loan that you keep throwing money at, hoping it will somehow go away on its own. Or maybe it's an emotional obligation: you know that if you just took the time to go see a therapist, or talk to a friend about what's really going on inside your head, it would make all the difference in how you feel about yourself and how your life turns out.
But who has time for that? We've got bills to pay! Bills are important! And bills have deadlines!
But what if there was another way? What if we could find freedom from those obligations—both physically and emotionally—and just live our lives without worrying about whether or not we'll be able to pay our bills each month without having enough money left over for savings or retirement funds?
To sum up, I believe that we should all strive to build up our wealth trifecta. The concept is a simple one, but the results can be very powerful. Sure, it's long term in nature and will require some work—but it's also relatively easy and mostly passive. In my opinion it's worth setting aside a small percentage of your income every month for the long haul; especially if you don't have many other high-return investments available to you. If you want to become financially free as quickly as possible, then this is a great way to go about it