Episode 542 · Mar 7, 2022

Accumulating and Appreciating True Wealth: Health, Relationships, and Money

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George Wright III opens this episode of The Daily Mastermind with a reminder that wealth is far more than a bank balance. Drawing on Robert Stubberg's "Creating Your Ultimate Destiny," George lays out what he believes are the three most important areas of wealth you should be building right now: your health, your relationships, and your finances. If you have been skipping straight to the money conversation without building a foundation in the other two, this episode is a reset.

True wealth, George argues, is anything you accumulate in abundance or genuinely value. That definition expands the conversation and makes the whole framework far more actionable. Once you know what you actually value, you can set real benchmarks and measure your progress.

Why Health Comes First in the Wealth Equation

George is direct: no amount of money can buy back your health once it is gone. He defines health as a state of high energy and enthusiasm, and he insists it covers body, mind, and spirit together. Physical health without mental health is incomplete, and that is why mental discipline shows up as a key ingredient.

"Health is really, in my opinion, a cornerstone of all wealth because I think it'll affect everything else you have. Money is going to do you no good if you don't have your health."

The practical building blocks George points to are consistent: diet, nutrition, exercise, attitude, and mindset. He also singles out one underestimated tool, pure water, and encourages aiming for a gallon a day. The benefit shows up fast, even in your energy levels.

How to Build Relationship Wealth

George is candid that earlier in his life he put money and career first, intending to circle back to relationships once he had financial stability. He now sees that as a mistake. Relationships require the same intentional investment as any other asset.

The two factors George returns to again and again are time and gratitude. Quality time grows relationships. Showing genuine appreciation sustains them.

"I highly encourage you to prioritize this type of wealth in your life right alongside your health and view it as an asset."

He takes this literally, writing down each of his children individually and tracking how he is building wealth in each of those relationships. Strong relationships also create a catalyst for monetary wealth, because your network and your closest connections directly influence your opportunities.

The Four Steps to Building Financial Wealth

George frames most financial struggles around one root cause: people do not track their money. Before strategy comes awareness. Are you viewing every dollar leaving your account as either an investment or an expense? Do you know what is coming in and going out each month?

Once you have that awareness in place, George lays out four concrete steps.

Step 1: Cultivate an abundance attitude. Scarcity thinking, the belief that there is never enough, blocks wealth before you even start. Shifting to an abundance mentality opens you to the opportunities that are genuinely available.

Step 2: Establish your financial protection number. This is the amount of cash needed to cover your basic needs for one to two years if your income stopped tomorrow. This is your emergency fund, and it has to come before anything else.

Step 3: Know your financial independence number. This is the total cash or invested assets needed to generate enough passive income to cover your needs without a job. For example, one million dollars at 10 percent returns a hundred thousand dollars annually. When you hit this number, work becomes a choice rather than a necessity.

Step 4: Define your financial freedom number. This goes beyond needs into wants. How much in assets would it take to cover your full lifestyle? That is the number that funds freedom on your own terms.

Why Money Is a Result, Not a Goal

One of George's sharpest reframes in this episode is his insistence that money is a result. It flows from consistency, discipline, strategy, focus, and activity. Treating money as the goal puts the cart before the horse. Treating it as the natural outcome of focused effort reorients everything.

"Money is a result of consistency, activity, discipline, strategy, and focus. Money is not the goal. Money is a result of the focus that you're putting on in your life."

This matters because it explains why people who obsess over money often struggle to accumulate it, while people who build disciplined systems around health, relationships, and focused financial habits tend to grow wealth across all three areas.

What Gets Measured Gets Built

George closes with a principle that runs through the entire episode: if you do not track it, you will not accumulate it. If you do not value it and show gratitude for it, you will not keep it. That applies to your energy, your relationships, and your money equally.

Wealth is not a destination you arrive at. It is something you build daily through habits, attention, and intentionality. George encourages you to get clear on what you value in each of the three areas, set specific benchmarks, and then measure your progress regularly.

Action Steps

Define what wealth means to you in health, relationships, and finances so you have a concrete benchmark to measure against.
Audit your health habits: diet, exercise, mental discipline, and daily water intake. Start with one consistent improvement this week.
Write down the key relationships in your life and assess where you are investing quality time and showing genuine appreciation.
Calculate your three financial numbers: protection, independence, and freedom. Write them down as specific dollar targets.
Track every dollar in and out for the next 30 days. Categorize each as an investment or an expense and review the results.

Building true wealth starts with the honest recognition that it spans far more than money. George Wright III makes the case that health and relationships are the foundation everything else rests on, and that your financial life accelerates when those foundations are solid. It is never too late to start living the life you were meant to live.

READ THE FULL TRANSCRIPT

All right, welcome back to The Daily Mastermind. George Wright III here with your daily dose of inspiration, motivation, and education. And we're starting out a new week. It's Monday morning, and I've been traveling for a couple of weeks, and so I'm super excited to be back in the home office with you and sharing some thoughts and ideas. As you may recall, and for those of you that are new to the podcast, every single Monday we've been covering a program called Creating Your Ultimate Destiny by Robert Stubberg. It's 12 secret strategies, things that you can do in order to truly design the life that you are meant to live. And over the last few weeks, we've done about eight weeks now, we've covered things like your beliefs, your decisions, your actions, your identity, your education, your focus, your unique talent, and even your emotions and feelings. And I encourage you to go back and listen to those episodes because they really do build upon each other and they really are key critical things that can help you to create the life that you really really want to be living. So I'm going to go ahead and I'm going to start today's topic which is a great one. This is one that most people unfortunately are focused with out of the chutes without building a foundation and that is accumulating and appreciating wealth. Your real wealth definition, what it is you're looking to accomplish with your money. And it's not just money. Wealth is really anything that you accumulate an abundance of or that you value. You know, you can value money, but there's so many other things as well. You know, the value of wealth is also pretty subjective. You know, everyone has a little bit of a different idea of what they truly value as wealth. And I think it's important that you get really clear on what it is that's important to you. And if you've been going through this program with me on creating ultimate destiny, I think you've found that you have learned a little bit more about what it is you value and how you can create more happiness, fulfillment, and things in your life. But today what I want to do just for the sake of time is I want to talk about what I believe are the three most important types of wealth that not only you should be accumulating in your life, but things that you should literally focus your energy on. And the reason I want to pick these three is, look, there are a lot of areas of wealth that you can build. Your wealth is your health, right? Your relationships are a type of wealth. Your time, your family, your knowledge, your money, your assets. There's so many types of wealth in your life, which are areas that you accumulate and you appreciate. But the three I want to talk to you about today are number one, your health, number two, your relationships, and number three, your finances, the money, really the money. And, you know, if you truly sit down and think about what factors are important to you in each one of these areas, it'll always be a little bit different. You know, what you value, what you prioritize, what you feel is most important. It's very, very important that you take some time to determine that because those benchmarks, that's the litmus test for what you're going to be working on in these three areas. So let start right out with your health Now for those of you that know me you know that health is a really big thing for me I believe it a daily ritual Many of my daily rituals are focused around health But health is really, in my mind, a state of high energy and enthusiasm. It's being able to feel energetic and enthusiastic about life. It's not just the physical body. Health is really, in my opinion, a cornerstone of all wealth because I think it'll affect everything else you have. I money is going to do you no good if you don't have your health. And it doesn't matter how much money you have. If you have health problems, you can't buy your health back for the most part. So it's very important to understand that health is a really big, I believe, number one area of wealth you need to accumulate and appreciate. And when I say appreciate, I don't just mean grow. I mean you have gratitude for. And there are several parts of your health wealth equation. And it's not just physical. I believe when I said earlier that it's energy and enthusiasm it's the body but it's also the mind you know you have to have a healthy mind a healthy spirit, a healthy body in order to truly have strong wealth when it comes to your health so a great formula for increasing and gaining better health is always made up of those consistent building blocks of your diet, your nutrition, your exercise your attitude and your mindset you know you've really got to find a way and there's so many different I'm not going to get into today the different types of diets and nutrition and things like that but what you need to understand is that your body is a science the calories you you put into it the calories you burn your daily caloric intake it's very important for you to at least know what that is it's like anything else even money if you don't track it you don't understand it you're never going to be able to build it but what I wanted to emphasize for just a second is that your mental health is so important. Right now, people have been struggling a lot with mental health, but mental discipline is a key ingredient of you being able to gain physical and mental health. And so I want you to really prioritize mental discipline in your life because mental discipline and health in general, it's gonna help you to manage your stress and your anxiety, and you're gonna gain more energy and clarity and peace of mind. It'll help you with your self-image and your confidence. and as we know all of those things go into and directly affect your relationships your business your income and your wealth overall and so it's very important that you really prioritize that's my message i wanted to get with you prioritize your health and one more note i'll make about health is don't forget how much of a key ingredient water is your brain is made up mostly of water your body is made up mostly of water. So many of us feel like if we have some water but it's got caffeine in it, that doesn't accomplish the same goal. I'm talking about pure water. Try to do as much as you can to get a gallon of water every day. That's something you will see massive benefits for even in your energy levels. So let's skip over now to the second area of wealth I really want to emphasize and that's your relationships. Now many of us feel like we prioritize our money and many times in my life I did money business career and things first so that we have the ability to focus on relationships but I believe you have to start with your health and your relationships I learned in my life that relationships you know what we talking about here is love and respect and admiration and closeness with the key people, most important people in your life. And this could be your partner, your family, your friends, business partners, associates. But I really think it's time you take an inventory and truly analyze the wealth that you're creating with all of the specific very important relationships in your life. With my kids I have them each written down and I try to analyze where I am and building and accumulating wealth with that particular you know kid and I think that it's important for you to look at your relationships as a key area of wealth and when you do that what you do is you start to improve them and the best way to improve your relationships is two things. I've found time and gratitude, time and appreciation. When you focus time, and I'm talking about quality time with relationships, they'll grow. And when you are truly grateful and not only have gratitude, but show appreciation for your relationships, that will also grow them. And so I highly encourage you to prioritize this type of wealth in your life right alongside your health and view it as an asset. View your relationships as an asset. I've met really, really successful individuals that have family businesses that view their key relationships in their family as an asset. The family is an asset. So really focus on that and it'll also influence the other areas of your wealth like your money because having great, strong, healthy relationships can be a real catalyst for you to create real monetary wealth as well. Now, the last area I want to talk about quickly today is your money wealth, your asset wealth. And this is the accumulation of monetary assets, financial security, and lifestyle. That's kind of what I lump into this money wealth category. And most people, I think the number one problem, the number one issue that most people have, the reason they are in the 95% of people that can't retire when they're 65 and they're in the mass amount of people that you know barely get by check to check is because number one they just simply don't track it they don't track it are you tracking where your money is going are you viewing every single dollar that's going out of your bank account as either an investment or an expense and knowing where those are going what are your numbers what what is it that you're having come in and go out every month do you analyze it or do you justify it do you rationalize spending money when you shouldn't on things because you rationalize the reasoning. What do you want in your life? What is it you're trying to accomplish? You can't grow wealth when it comes to money if you don't know exactly what it is you're trying to accomplish with your life, your business, your lifestyle, how you want to live your life. But even with those thoughts in mind, I want to suggest four real critical areas or steps to accumulating and appreciating true monetary wealth. And the first one is your attitude. I have found throughout my life without a doubt, and I've learned this from many, many mentors, that you got to have an attitude of abundance if you want to accumulate monetary wealth And the reason I say that is because if you going into your life with a scarcity mentality you know I never have enough money I never meeting my means or there not enough or this person got promoted I didn you have to learn to shift to an abundance mentality. There's plenty of abundance out there for everyone. There's plenty of money out there. There's plenty of opportunity. but when you have that abundant attitude, the rest of the stuff comes together much, much, much easier. The second thing is your, I want to define kind of now three numbers that you ought to have on your goals in your life. Number one, right, this is the second area of these four, is what's your protection number? Financial protection. Financial protection means how much cash or money is it going to take to cover your needs for one to two years if you lost your job, if you didn't have the ability to create income. When you have your financial protection number, that number it's going to take to cover your bills for an entire year or two, that's your emergency fund. That's the amount, that's the part you've got to have first before you can go any further in developing true wealth. Once you have that financial protection number, then you need to determine your financial independence number. That's the third area. Your financial independence number is how much cash or investments do you need to have to generate cash flow enough to cover your needs. Notice I said needs without any active income meaning a job. How much money cash or investments do you need? Is it a million dollars at 10% would give you a hundred grand a year? Is it less? Is it more? How much cash or investments do you need to cover your needs ongoing, that's your financial independence number. That's the number you need to be able to not require a job. Now, that doesn't mean you wouldn't want to continue to create active income, but now you know you're covered regardless for the rest of your life. The fourth and the third number, right? The fourth step, we have attitude, your financial protection number, your financial independence number, and the fourth one is your financial freedom number. Now, your financial freedom number is the amount of money it would take, cash or investments, to cover your lifestyle, your wants. That, once you have your emergency cash for a year or two and you know what you have to cover your, if you lost your income, then you can look at how much more you need or return from investments to cover your wants and your lifestyle. Those are the key areas I think you need to set goals in. And remember this important thing, money is a result. Money is a result of consistency, activity, discipline, strategy, and focus. Money is not the goal. Money is a result of the focus that you're putting on in your life. And so I highly encourage you all to budget, track, and focus on creating wealth, not just in your money, but in your health, your relationships, and your money. If you don't track it, you're not going to accumulate it. If you don't value it and show gratitude for it, you're not going to keep it. You're going to play to the level that your mind and your discipline is set.