To have a 'truly rich life,' it's important to build emotional wealth as well as financial health, says author Manisha Thakor. Here's how to do it.
money you makeYou may be stuck in the "cult of never enough," says Manisha Thakor, who earned her MBA from Harvard Business School and is the author of ""What's soul destroying about it is that you end up having this relationship with money, work, success, and accomplishments that puts you on this hamster wheel because you can never get enough of them," Thakor tells CNBC Make It.
That can lead to feeling unsatisfied with your life despite your accomplishments and how much money you've earned, she says. have confidence and clarity about your relationship with money and the role you want it to play in your life.Thakor recommends a better equation: Financial health + Emotional wealth=Money Zen.Your financial health is your ability to use money to meet your needs, such as paying rent, buying groceries and putting money toward your retirement and emergency savings, she says.
That means cultivating the things that will help you live a full and intentional life outside of money, Thakor says. For her, emotional wealth means lingering, exploring, and discovering all the small moments and experiences that bring her joy in her everyday life.When thinking about what defines emotional wealth for you, try asking yourself what you would start and stop doing if you had unlimited financial resources and very limited time, Thakor says.they don't care about, Thakor says.
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