Profit with Presence
Mindful Leadership Blog

Embracing the Mindset of Being Rich: Beyond Material Wealth

Dec 18, 2023


According to the Merriam-Webster dictionary, the term "rich" primarily relates to having abundant possessions and material wealth. In 1910, Wallace D. Wattles authored "The Science of Getting Rich," a seminal work that promised a formula for generating material wealth. Despite its effectiveness, many individuals possessing immense material wealth often find themselves mired in fear, scarcity, and a constant pursuit for more, lacking the joy and fulfillment expected from their riches.

Reframing Richness

Being rich is not merely confined to the possession of material wealth. It's a mindset, an attitude that transcends the accumulation of money and possessions. It embodies a sense of fullness, abundance, and contentment irrespective of one's financial status. True richness encompasses a holistic approach to life, incorporating happiness, success, fulfilling relationships, and a positive impact on the world.

Wealth and Happiness: An Intricate Relationship

It's poignant to note that material affluence does not guarantee happiness. The tragic tale of a retired real estate icon, with immense material success yet succumbed to despair, serves as a stark reminder. Conversely, many individuals with modest means radiate genuine happiness. This underscores the crucial truth: the purpose of wealth lies not solely in its accumulation but in its ability to foster joy and well-being for ourselves and those around us.

The Mindset of Abundance

Being rich necessitates adopting an attitude of abundance. It's about recognizing that wealth extends beyond monetary possessions. It's a mindset that celebrates experiences, relationships, personal growth, and contributions to the world. The be-do-have model emphasizes the importance of cultivating this mindset in all aspects of life, detached from an obsession with material gains.

Wealth as an Instrument for Positive Change

True richness lies in affluence increasing influence, not to control others but to support positive outcomes. Utilizing wealth as a catalyst for meaningful change, fostering generosity, and empowering causes larger than oneself defines this mindset. A purpose larger than individual wealth leads to liberation while enjoying the benefits it brings.

Redefining Wealth

In conclusion, the essence of being rich surpasses the mere accumulation of material possessions. It embodies a mindset of abundance, influencing positive change, and embracing a purpose beyond personal gain. Wealth, when wielded as a tool for good, holds the power to transform lives and create a better world. True richness is not the absence of material desires but the liberation from being solely defined by them.

Embrace the mindset of being rich today—not just in material wealth but in the richness of experiences, relationships, and making a positive impact. It's a journey towards a fulfilling life where wealth becomes a means to empower and bring joy to ourselves and others.

I wrote a book, Profit with Presence: The 12 Pillars of Mindful Leadership, which goes in to further detail about this topic and more.

Although the world is currently abuzz with the term “mindfulness,” some believe mindfulness is a fringe activity to be practiced before or after the workday, if at all. Too few business professionals take the time needed to be present and aware throughout the workday, which is counterproductive. Mindfulness is not only a path to personal success, but a sound business strategy.  

My hope is to positively impact the world through infusing more mindfulness into business -- and it starts with each of us individually. Together, we can create a future where mindfulness is deeply embedded in our work culture, leading to greater well-being, productivity, and meaningful success for all.

- Dr Eric Holsapple


Get my free mindfulness resources here

Learn more about my book, Profit with Presence: The 12 Pillars of Mindful Leadership here

Check out the Profit with Presence Podcast Miniseries here

Watch videos on YouTube here

Learn more about my nonprofit, Living in the Gap, here


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