On Monday, I talked about the long-term earning potential of passion and purpose. Today, I want to revisit the topic of wealth, which I touched on in the passion and purpose post.
I believe wealth is best viewed from many angles and how we measure our life is ideally much greater than money in the bank. However, being that I am a capitalist and given my strong belief in the power of markets, I want to delve into the power of wealth on purpose.
First, what do I mean by wealth on purpose? I mean wealth accumulated for something other than wealth’s sake. I maintain that wealth beyond that of providing for our basic needs contributes to materialism and unnecessary clutter in our lives. However, I now add the caveat: Wealth accumulated with a sense of purpose is the most powerful asset available.
Wealth accumulated on purpose is wealth with an intention. It is gained with the intent of changing the world in one way or another. IF this wealth can be combined with a strong sense of personal purpose and passion, we have a formula for solving the world’s problems and leaving this place better than we found it.
I believe that if we can establish a purpose for our American dream of wealth, we bring ourselves that much closer to actually achieving the wealth we imagine. With purpose, wealth becomes bigger than our individual wants and needs, and it means something to the world. And, you know, the world conspires to help us reach our dreams as soon as we have the courage to make them known.
I want to acquire wealth for two key reasons:
- I want to own a sizable chunk of land in an area of somewhat remote wilderness where my extended family can come together for faith, fellowship, food, and fun. I have a dream of having my entire family together in that place every year, and, God willing, I will see that dream come to fruition.
- Once I have that place and I know my family is taken care of, I want to solve the world’s most pressing and intriguing problems. I want to put my personal wealth to work for the good of others. Because I see no greater application of capitalism and wealth than to serve the needs of our fellow humans. I am still searching for the number one problem I am here to solve, but I know with faith and perseverance it will show itself to me with time.
Aside from basic needs, for what reason do you want to accumulate wealth? Assuming you reach your financial dreams, how will you use your wealth to make the world a better place? What one problem would you solve? I’d love to hear your thoughts in the comments!