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  • Core

“The researchers found that if any of the three extrinsic aspirations—for money, fame, or beauty—was very high for an individual relative to the three intrinsic aspirations, the individual was also more likely to display poorer mental health. For example, having an unusually strong aspiration for material success was associated with narcissism, anxiety, depression, and poorer social functioning as rated by a trained clinical psychologist…

In contrast, strong aspirations for any of the intrinsic goals—meaningful relationships, personal growth, and community contributions—were positively associated with well-being. People who strongly desired to contribute to their community, for example, had more vitality and higher self-esteem. When people organize their behavior in terms of intrinsic strivings (relative to extrinsic strivings) they seem more content—they feel better about who they are and display more evidence of psychological health.” – Edward Deci

Brian Johnson's video below reviews the book "Why We Do What We Do" by Edward Deci. After watching the video and reading the quote above by Edward Deci, I had a sense of understanding and satisfaction, knowing that the Empowered Wealth concept of "True Wealth", emphasizes intrinsic motivators (i.e., Core (family, health, faith, close relationships), Experience (personal growth, learning, wisdom), and Contribution (giving, contributing to the well-being of family, friends, community, and organizations). Brian Johnson says, that there's nothing wrong with seeking wealth as long as it's a byproduct of intrinsic drives. From an Empowered Wealth perspective, financial wealth viewed as a resource, potentially fuels True Wealth.

Edward Deci's work suggests to me that there's research that validates our approach.

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  • Core

June 30th, 2015 by Ron Nakamoto

Your Greatest Influence: the Person You Are

Originally shared by +Ron Nakamoto

The woman in the photo below died of cancer a week ago. I didn't know her; I never met her.

Yet, through a series of circumstances, I unexpectedly attended her funeral. I was struck by the overwhelmingly positive stories I heard about this woman. To a person the attendees described her as full of life, giving, caring, positive, happy, fun-loving, inspiring…she touched everyone and made their lives better.

And it's clear to me that her memory, her legacy, and her influence will live on; she will continue to influence and inspire those closest to her to live life fully and help others. And what a privilege it was to witness her impact…And what a lesson it was.

www.empoweredwealth.com
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  • Core

June 29th, 2015 by Ron Nakamoto

Resources and Assets

Recently, one of our Empowered Wealth collaborators Dr. Jeff Gladden said to me, "Money is really a resource…Health is truly an asset". That got me thinking about the differences between "resources" and "assets".

I first did the modern thing; I Googled it. This action didn't yield much useful information. I got a number of programming-related answers (apparently, programming for Android involves separating resources and assets but that's not what I was looking for). I also got a number of semantics forums which attempted to distinguish among small differences in definitions.

The dictionary was slightly more useful. Merriam Webster defines a "resource" as: "a supply of something (such as money) that someone has and can use when it is needed; a place or thing that provides something useful."

An asset, according to Merriam Webster, is; "a valuable person or thing, something that is owned by a person, company, etc."

So maybe a resource is something that you use (like money) to accomplish or obtain something whereas an asset is something whereas an asset is something you can possess or own.

I considered the Brower Quadrant. What if money is a resource because we use it to acquire, protect, enhance, and grow assets like health, family, faith, and experiences? What if our ability to make a contribution to the well-being of others is our greatest resource when it comes to achieving happiness, fulfillment, and meaning in life?

Could it be that Core and Experience "Assets" are supported and acquired by Financial and Contribution Resources?

www.empoweredwealth.com
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  • Core

June 27th, 2015 by Ron Nakamoto

Your Greatest Influence: the Person You Are

The woman in the photo below died of cancer a week ago. I didn't know her; I never met her.

Yet, through a series of circumstances, I unexpectedly attended her funeral. I was struck by the overwhelmingly positive stories I heard about this woman. To a person the attendees described her as full of life, giving, caring, positive, happy, fun-loving, inspiring…she touched everyone and made their lives better.

And it's clear to me that her memory, her legacy, and her influence will live on; she will continue to influence and inspire those closest to her to live life fully and help others. And what a privilege it was to witness her impact…And what a lesson it was.

www.empoweredwealth.com
#empoweredwealth