ABCs of Wealth

ABCs of Wealth: Guest Post

By  Vicki Robin

The multiple forms of capital have become a foundational concept in my thinking about the pursuit of financial independence and living a truly rich and resilient life. That’s why I was overjoyed when Vicki Robin, prolific social innovator, writer, speaker, and coauthor with Joe Dominguez of the life-changing book Your Money or Your Life, offered to pen a guest post demonstrating the overlap of what she has come to think of as Natural Wealth with these multiple forms of capital. 

It seems like the perfect way to release the free worksheets (which you’ll find at the end of this post) I created so you can take inventory of all of the Natural Wealth and other forms of capital in your own life.

In the 2018 update of Your Money or Your Life, after years of observing how real people creatively use the tools to have a “high joy to stuff ratio” life, I challenged the whole idea of “financial independence (FI).” Money is a small part of our wealth portfolio.

 In the new version, I distinguished between National Currency and Natural Currency. National Currency is the trading chits in the money system: dollars, financial markets, debt, etc. Natural Currency is the flow of gifts, services and mutual aid between people in communities of place or of tribe.

It’s all the helping hands, all the skills, all the hot dishes, all the listening ears, all the celebrations and ceremonies, all the rituals and theater and on and on and on… in short, all the good stuff in life. In the FI program, we build both national currency capital and natural currency wealth to have a happy and free life.

In Permaculture circles, this is known as multiple forms of capital.

To explain this in simple, non technical language, I spoke about it as the ABCs of wealth, where the A, B, and C referred to this abundance of natural wealth – and little “s” referred to “stuff” as in possessions and bank accounts.

Whatever nomenclature you want to assign to it, if you prioritize these natural forms of wealth and capital during your financial accumulation phase your arrival at financial independence (FI) may come sooner, last longer and be happier by far.

Abilities, Belonging and Community are the three forms of natural wealth you build intuitively in the process of aligning how you earn, spend and save money with your purpose and fulfillment.

To continue reading, please go to the original article here:

http://www.triplebottomlinefi.com/abcs-of-wealth-guest-post-by-vicki-robin/