Dr. Olumuyiwa Akinrole Oludayo

Feb 8, 2019

5 min read

THE CHARACTER OF WEALTH

The subject of wealth is commonplace amongst those with a desire to live better lives. Wealth has carved its own personality such that the person of wealth can be seen to exhibit its attributes. In this article, I present wealth as a person with features and attributes that can be used to identify him when present. The way to know if wealth is present with you is to examine if these traits are finding expression in your daily life. These 6 distinctive qualities of wealth include: wisdom, excellence, ability, leadership, time, and habit.

“We are made wise not by the recollection of our past, but by the responsibility for our future.” — George Bernard Shaw

1. Wealth shows WISDOM. Wealth is marked by god judgment. When a person, group or nation is adjudged wealthy, you will find them express great discernment of issues around them. A man of wealth is a man of deep understanding and vast insight into issues that form the sources of his income. The wisdom of wealth finds expression in prudence, shrewdness, foresight, insight and rationality amongst others. The wisdom of wealth is a testament to the validity of information acquired by its possessor. It is not enough to be informed, much more important is that one must be transformed by the information acquired. The wisdom of wealth informs the possessor that it is not what happens to you that is important as much as it is how you respond. The wisdom of wealth does not deal in folly or recklessness. Confucius was quoted as saying that “By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.” One can therefore conclude that the ingredients of wisdom are: REFLECTION, IMITATION AND EXPERIENCE.

“The only true wisdom is in knowing you know nothing.” — Socrates

2. Wealth displays EXCELLENCE. Wealth distinguishes its holder from others. Wealth is known by its splendour of glory and eminence. Wealth makes its holders outstanding in their endeavours. When you meet a man of wealth, he is characterised by brilliance. He does not tolerate inferiority neither does he accommodate mediocrity. He is quick to replicate superiority and imitate virtuosity. The excellence of wealth will celebrate quality and merit. It will never yield to duplicate conformity. The excellence of wealth rides on value and worth. It maximises the usefulness of its acquisitions. The excellence of wealth seeks genius in every engagement, talent in every outlook and skill in every performance.

“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” — Steve Jobs

The excellence of wealth finds importance in accomplishments and not trials. The man of wealth is exemplary. He is a clear benchmark for evaluating success and performance. He is the role model that others want to emulate. Striving to be better is the hallmark of the excellence of wealth.

“Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.” Norman Vincent Peale

3. Wealth reveals ABILITY. Wealth bears power to accomplish things. It gives the means to an end. The ability of wealth is the revelation of possibilities. Wealth reveals your capacity to become more than you are today. Wealth unveils potential. Wealth gives the wherewithal to pursue dreams and realise them in its entirety. Norman Vincent Peale said, “Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.” Wealth prepares its holder for opportunities that abound and makes him fit to maximally draw from them. The nature of wealth is such that it becomes the vehicle for achieving significant purposes. The nature of wealth is such that it imparts its carrier with resources (financial, social) to realise an aim.

With realization of one’s own potential and self-confidence in one’s ability, one can build a better world. — Dalai Lama

4. Wealth confers LEADERSHIP. The nature of wealth is such that it puts you in the lead. It makes you a person of influence and reference. Seeing that it reflects excellence, it positions the holder as a guide to worthy and lofty things. Wealth enables its carrier to be a guiding light for those desiring similar experience. Wealth carriers possess the nature of direction. They have what it takes to lay the tracks, empower other people, articulate an end and deliver results. Leadership Author, John C. Maxwell said, “A leader is one who knows the way, goes the way, and shows the way.”

“Leadership is not about a title or a designation. It’s about impact, influence and inspiration. Impact involves getting results, influence is about spreading the passion you have for your work, and you have to inspire team-mates and customers.” — Robin S. Sharma

Wealth enables its carriers to share the insights on their journey to wealth with others. The leadership nature of wealth is about impact, influence and inspiration. The Leadership of wealth reveals the standards that possessors of wealth have set for themselves.

5. Wealth maximises TIME. Time is commonly referred to as “the continued progress of existence” Time is a resource that enables people to perform activities within constraints of competing goals and priorities. The nature of wealth is that it helps to carrier to place value on time usage. It helps her to clearly define aspirations and tasks. It gives the responsibility of prioritising activities and scheduling them in the limited space of time available. The wealthy know that time is a universal currency of life and no man has more than the other rather every person of wealth has drawn more value from his time than others. Time is a portion of ones existence influenced by events and circumstances. It is what one makes out of it that matters and not necessarily what happens during those events. Steve Jobs has been quoted to have said that “Your time is limited, so don’t waste it living someone else’s life.” The character of time in wealth suggests that one must do today what will have an effect on others tomorrow.

“Someone is sitting in the shade today because someone planted a tree a long time ago.” — Warren Buffett

6. Wealth consolidates HABIT. Those who have made great wealth engaged the force of habit. This trait of wealth is such that it helps to strengthen best practices. The habits of the great are fortified and reinforced through consistent engagement of activities that delivers more results. Wealth enables an individual to establish practices that deliver stellar results. The nature of wealth is that it leaves clues for others to follow in that it shows the patterns of engagement of wealth holders. It reveals their predispositions, inclinations and convictions.

“Habit is a cable; we weave a thread of it each day, and at last we cannot break it.” — Horace Mann

To the wealth carrier, living a life of top quality has got to be habitual. The pursuit of excellence is not happenstance or circumstantial rather it is deliberately intentional. Wealth carriers keep at things. They believe in persistent and consistent effort. They know just like Jules Renard asserted that “Laziness is nothing more than the habit of resting before you get tired”

CONCLUSION

The nature of wealth is that it is the tangible product of productive effort with the capacity to meet the insatiable needs of individuals. It finds expression in showcasing value.

Olumuyiwa Akinrole Oludayo