“Wealth is the ability to fully experience life.”
– Henry David Thoreau
Research has shown that our general perception of wealth is both relative and unattainable. Several studies have found that many of us classify wealth as two times our current net worth. However, the relative nature of this definition means that even once we achieve a previously defined level of wealth, we still don’t feel wealthy. In addition, research also suggests that just having more financial resources doesn’t lead to living a happier or more fulfilling life. It would seem that our traditional perception of wealth is lacking.
Merriam-Webster defines wealth as the abundance of valuable material possessions or resources. While this may fit the traditional perception of wealth, Eric and Jean believe that definition is too narrow. At Mote Wealth Management, we believe that true wealth encompasses all of a person’s resources and not just those that are financial. In fact, many of our most valuable assets, such as relationships, memories, good health, and time simply cannot be quantified. To live a life of wealth, we should seek abundance in all the areas of life that are important to us. For the vast majority of us, our truly important goals in life aren’t financial. Properly managing our finances, however, allows us to use these resources to help us realize the life we desire.
What is Wealth Management?
The real questions in Wealth Management are not, How much do we have now? or How much will we need in the future? The real questions are, How do we want to live our lives, and how can our wealth support these goals – for us, our family, and our community?
As we help you manage your wealth, we are careful never to lose sight of what matters most to you. We help you articulate your goals and then provide guidance on how you can put your resources to work to accomplish them. The result is not a rigid financial solution, but a vital process in which your wealth is always at the service of your life. In this approach, wealth becomes not only more meaningful, but attainable for everyone.
“Money is a terrible master, but an excellent servant.”
– P.T. Barnum