Money Tree Academy LLC

  • Home
  • Blog
    • Money Beliefs
    • Make Money
    • Manage Money
    • Grow Money
    • Dreams & Goals
    • Entrepreneurs
    • Professional Women
    • Stay-at-Home-Moms
    • Announcements
  • Resources
    • Money Quiz
    • Financial Independence Calculator
    • How to Calculate What You Need for Retirement
    • 5 Ways to Remove Money Blocks
    • Podcast Interviews
    • Femme Your Finance – Table Of Contents
  • Work With Me!
    • Money Coaching with Kelly
    • Is Money Coaching Right For You?
    • Let’s Collaborate!
  • About
  • Contact

The Meaning of Wealth – Why It Doesn’t Work for Women

By Kelly Harrell 2 Comments

What is the meaning of wealth and what does it have to do with trees? – Post #4

What if I told you that understanding how trees work is a key to a more feminine meaning of wealth– which, in turn, could unlock your ability and motivation to BUILD your own wealth?

It sounds silly, doesn’t it? I’ll explain more in a few days.


meaning of wealth - trees

But, first, we need to look at how wealth is defined.

I believe a primary obstacle to women embracing ‘wealth-building’ exists in the everyday answer to this question:

“What is the meaning of wealth?”


Let’s dive into this, shall we?!

How Do YOU Define the Meaning of Wealth?

Do you recall back in the book’s Introduction that I want you to continuously keep a “Money Journal” as you work through the content? It’s time to pull out that dedicated journal – which can be a cloth-bound journal, a spiral notebook, a nice stack of paper in a folder…whatever will help you keep your journaled insights, biographies, questions, feelings, doodles, diagrams, notes, goals, dreams, etc. together.

In your journal, I want you to answer the following questions. (Try to not rush through this step.)

  1. What does the word “wealth” mean to YOU?
  2. How do you FEEL about this meaning?
  3. What do believe is the role of “money” in the “wealth” equation?
  4. If you learned that you had to start “wealth building” today, how would you respond? (What would you feel, say, do, think?)

Nice work! I wanted you to make a record of your own meanings before you read further. You’ll be looking back at your own definitions later on in the book.

Common Definitions of Wealth

The modern day definition of “wealth” (which you will soon see heavily leans toward a masculine definition) often generates conflicting feelings for many women.

On one hand, women tend to view “wealth” as an “attractive” quality in a potential mate. Marrying into wealth has historically been HOW (and often the only way) many women have accessed it (think: archetypal story of Cinderella and Prince Charming, or the Julia Roberts movie, “Pretty Woman”).

But, on the other hand, the means and the ends of creating “wealth” on their own is historically not something most women could do – often due to property, banking, investing laws and cultural norms around work and home. Additionally, modern definitions of wealth are often not well-aligned with women’s focus and values.

Let me explain.

The current definition of wealth across the web:

  • Abundance of valuable material possessions or resources (Merriam-Webster)
  • A great quantity or store of money, valuable possessions, property, or other riches (Dictionary.com)
  • The number of days you can survive without physically working (or anyone in your household physically working) and still maintain your standard of living. (Rich Dad author, Robert Kiyosaki)
  • Or, maybe you recall the old saying: “He who dies with the most toys wins.”

Not exactly a concept that tugs on a woman’s inspiration, work ethic, or heart strings, does it?
 

What Does Wealth LOOK Like?

In addition to the verbal definitions shown above, the concept of “wealth” is often visually portrayed with expensive or flashy objects, exclusive settings, solitude, physically gorgeous, young women and powerful men.

flashy wealth

wealth beauty solitude
wealth men power

Unless this is your “thing” (that you intend to create on your own), and it isn’t for most women, you can already see how the concept of “building your own wealth” is a confusing one for women.

Let’s explore it a little further.

Men and Their Meaning of Wealth

Here’s how a large percentage of men (and the financial industry – think ‘Wall St.’) tend to view “wealth” and “wealth-building”:
a competitive game of winners and losers, a gamble of taking chances and winning big, a growing stockpile of money, the fruits of a lot of hard work, power and influence.

Women and Their Meaning of Money and Wealth

By contrast, when I asked women (whom I interviewed for this money book) “What does wealth mean to you?”, I quickly discovered that they tended to take a more emotional view of the subject and often commented more on the concept of “money” than “wealth” or “wealth-building”.

Here’s how many of the women I interviewed responded when I asked them for their views on “money” and “wealth building” (terms which they co-mingled):
instant tension in the chest, what lifestyle can it afford them, what can the money do for their families, how money can help the world around them, happiness, friendship, entitlement, obnoxious, complicated, freedom, security, slimy, abundance, ease, help parents retire.

Clearly, there is some much deeper thinking here that has ZERO to do with power, influence or accumulation of expensive stuff and beautiful people.

Women are long-accustomed to the focus on “money” as it’s the practical, day-to-day tool of survival that helps them afford their lives, care for those around them, and express their values. It’s the here and the now, and it’s what feels accessible to them.

It’s also the ‘financial identity’ that they see modeled in the culture all around them. (think: “budget mom”, “mega coupon-cutter”, “thrifty shopper”)

“Wealth”, by contrast, is often either viewed by them as “slimy”, “uninteresting”, “unimportant”, or as an undefined key to “freedom”. Most view it as an inaccessible pipe dream, so many don’t even bother with it.

Please comment in the “Comments” section below. How does YOUR definition of wealth and your feelings about it compare to what I just shared?

Join me tomorrow – I’ll be outlining more about what stands between women and wealth building, PLUS how to change this.

  • Previous: How To Quickly Fail at Financial Security
    • Next: 8 Reasons Women Resist Wealth Building

    BY THE WAY: This is an interactive and evolving manuscript! Your questions, comments, praise, criticism, and insights are all welcome!Share your “Comment” in the box below. Let let me hear from you.

    Filed Under: BOOK: Femme Your Finance

    Comments

    1. Kelly Harrell says

      June 12, 2018 at 10:57 pm

      Amanda – I appreciate you making time to share your beautiful take on wealth. You might find it interesting to note that multiple studies have continued to show that women tend to donate more to charities, support more local causes, and take more actions on social issues than men. And, as you likely already know, women also tend to do more of the care-taking of family members – old and young. This kind of human and social focus is exactly what I hope readers will better be able to fund through growing their Money Tree.

    2. Amanda says

      June 9, 2018 at 2:15 pm

      Hi Kelly,

      Interesting article here…. it´s true that the images around “wealth and success” that are generally portrayed (fancy car, etc.) have never motivated me personally.

      The thing that motivates me most is to grow personally and have the ability to be able to give to the people and things that I care about and believe in… that leads to true satisfaction for me. If I am ever “dreaming” of what I could do with massive amounts of money, I´m dreaming about what I could do to live more comfortably in some ways but mostly about what I could do to help those I care about and help our beautiful planet. That´s much more of a motivation factor for me.

      Thanks for the article!

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    FIND IT HERE

    POPULAR POSTS

    • The Money Tree Diagram
    • Find Your Tribe – 4 Tribes Every Female Entrepreneur Needs for Financial Success and Personal Well-Being
    • Trees as a Guide to Creating Wealth – Part 1
    • Benefits of Working from Home – A Profitable and Inspiring Work Space
    • Achieve Dreams? Here’s the dark side that will help you succeed!

    LET’S CONNECT

    • Facebook
    • LinkedIn
    • Twitter
    • YouTube



    Kelly Harrell
    Certified Money Coach (CMC)®

    Copyright © 2022 Money Tree Academy · All Rights Reserved

      Our Privacy Policy