See your wealth
in 3 dimensions
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Monroe Diefendorf,
the fourth-generation CEO of
Diefendorf Capital Planning
Associates, and financial planner
Robert Sterling Madden, co-authors
of the book "3 Dimensional Wealth,"
do not view wealth as a simple,
single collection of assets. Wealth,
they say, is comprised of who you
are (personal wealth), what you have
(financial wealth) and how you can
make a difference (social wealth).
For your wealth in each category to
grow, Diefendorf and Madden suggest
writing three essays, at 250 words
each, about yourself:
Personal wealth. Take
inventory of yourself to find out
who you want to be. "Your personal
wealth takes shape when you address
who you are physically,
intellectually, spiritually,
socially, professionally, and how
you view relationships."
Financial wealth. This
doesn't comprise just your financial
assets but also indicates what
values are most important to you.
Consider and answer the questions:
How do you spend your money? What
are your greatest financial
successes and your greatest
financial failures? What's important
about money?
Social wealth. This talks
about how your wealth can make a
difference, by giving money and by
giving of your time and energy.
"Social wealth is an expression of
an outwardly focused approach to
life." So ask yourself how you give?
Describe to whom you give of your
time, talent and money, the greatest
rewards, and the greatest
shortcomings in your efforts.
Writing your essays should lead
to new insight about how you handle
your wealth and what more you could
be doing to improve areas of your
life.
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Marshall Loeb,
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