From the first time you played the game of Monopoly or bargained with your parents to trade chores for allowance, you were a capitalist. And there’s nothing wrong with that. We are a culture that is driven by the concepts of gain and exchange. Yet, somewhere along the line we became confused about the definition of capital. Is it just the amount of money you’ve amassed?
Being low on cash doesn’t make you are poor, unless you’ve narrowed your vision to exclude the many assets you do possess.
I see six forms of capital:
1. Financial. There’s no questions that money makes the world go round. Your cash, investments, and other dollar-bearing assets are one measure of your capital.
2. Educational. Your intellectual investment can be as rich as you want it to be. Through reading, classes, and seminars, you have the ability to be a thought leader, which can bring new opportunities for professional gain.
3. Reputational. "My word is my bond." If you have invested in the quality of your reputation, your payback is the respect of loyal followers, colleagues, and referral sources.
4. Relational. This is the "it’s who you know" factor in your capital gains. Who do you know? And who knows you? The sphere is likely broader than you imagine.
5. Attitudinal. Your mindset can be a true asset. When you hold firm to an optimistic viewpoint, the law of attraction says that you will be rewarded in kind.
6. Spiritual. The ability to tap into a higher power whatever that may be, has been proven time and time again to deliver an astounding return on investment.
When you look at capital from this perspective, you’re wealthy beyond your realization. Don’t make the mistake of confusing money with wealth. Poor is having no money, but broke is being without resources. You can be poor in pocket, but wealthy in the five other capitals. Put them all to work for you and you will be rich in your pocket.