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Health is Wealth Essay | Essay on Health is Wealth for Students and Children in English

February 14, 2024 by Prasanna

Health is Wealth Essay in English: ‘Health is wealth’ is a world-famous proverb concerning health. A healthy body is defined as the overall ability of the body to function well. It includes the physical, mental, emotional, and social health of all individuals. When one maintains good health, he/she opens the key to happiness.

When maintaining health, it depends on multiple factors such as drinking water regularly, exercising, eating healthy foods, sleeping on time, etc. Healthy life also ranges from the people you spend time with to the air around that you breathe.

Health contains lots of equally important components. Even if one of the components goes missing, a person cannot remain as healthy. The prime source of happiness and bliss is our health. Read on to find more about how to write an essay on health is wealth and article on health is wealth.

You can read more  Essay Writing  about articles, events, people, sports, technology many more.

Long and Short Essays on Health is Wealth in English for Kids and Students in English

Below is a descriptive essay about health is wealth for students on the topic, consisting of 400-500 words.  A Health is Wealth short essay is provided for children consisting of 150-200 words.

Long Essay on Health is Wealth in English 500 words

Long Essay om Health is Wealth is suitable for students studying in classes 6,7,8, 9, and 10, respectively. Health is Wealth Topic is written to assist and guide success to those aspiring students applying for competitive examinations.

Health earlier was stated as ‘the ability of a well-functioning .’ However, with time, definitions of health changed. The state of being healthy doesn’t necessarily mean physical fitness but refers to overall health fitness, which is emotional, mental, and social stability. Good health is the real wealth.

The World Health Organisation commemorates the World Health Day celebration every year on April 7,  to create awareness among people about health and cleanliness.

A healthy body holds major components that aid the functioning of the body. The first essential component is the state of physical health. Physical health refers to the state of being physically healthy devoid of any illness or diseases. When one maintains good physical fitness, they tend to have an extended lifespan. The best way to maintain physical well-being is through a balanced diet. Intake of essential nutrients in appropriate quantities helps one manage their physical health.

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The next essential component is everyday exercise. To help the body maintain it’s physical fitness, one must never forget to exercise, even if it’s for ten minimum minutes. It is not advisable to consume junk food all the time. Do not drink alcohol or smoke as it is a hazard to one’s health. Lastly, try to take adequate sleep ( 7-8 hours) regularly over the use of the phone. It is best advised to not use the phone two hours before sleep.

The next health component is mental health or mental well-being. Mental health refers to a state of emotional and psychological well-being of the individual. A person’s mental well-being impacts their emotions and behavior in handling situations. The best-recommended way to maintain mental health is by staying positive and meditating.

Subsequently, cognitive and social health add equal importance to a person’s overall well-being state. A person maintains their social well-being through effective communication with other people. A person who attends social gatherings and possesses a friendly nature is stated to be socially healthy. Similarly, one’s cognitive health refers to the regular performance of mental processes leading to an effective state of health. To achieve that, one must consume healthy food and play brain boosters such as puzzles, riddles, chess, etc. This helps one to sharpen their brains.

A healthy body is a sign of a healthy mind, while unhealthy body weakness one’s ability to succeed and excel in life. However, there is this stigma about mental health. To be healthy also include mental health, but people do not consider mental disorders as an issue. Psychological well-being is as equally important as physical well-being. When people criticize mental illness, it instantly creates an adverse impact.

Parents often concentrate only on their children’s physical needs. They dress up wounds and injuries and feed their kids with nutritious food. However, they often fail to notice the crumbling mental health of their child. This is because they do not think mental health is essential. Even among elders, one fails to see their psychological well-being. It is due to a lack of awareness among people.

Therefore, one must be able to identify the signs regarding mental illness. A laughing person is not always a happy person. Never brush off mental illness as a taboo, instead pay attention and save people’s life.

As Mahatma Gandhi quoted, ‘ Health is the real wealth, not gold and silver.’ Thus, a healthy person is a happy person.

Short Essay on Health is Wealth in English 200 words

The short essay on health is wealth is suitable for students of classes 1, 2, 3, 4, 5 and 6, respectively. To help the children with their essay assignments and provide a framing guideline for comprehension. Health is Wealth Essay 200 Words esaay is helpful to children upto 6th class.

The proverb ‘ Health is wealth ‘ means that one’s health is the greatest wealth. The definition of health is a state of a person’s physical, mental, emotional, and social well-being. A healthy body resides in God. Every person must maintain good health. It makes them feel good and positive.

To maintain a healthy mind and body, one must eat clean and healthy food, balance your diet with the right promotion of essential minerals,  exercise regularly, consume lots of fruits and veggies, drink lots of water, sleep early and adequately for 8 hours. Proper 8 hours help stimulates adequate growth. A healthy body stays positive and healthy by eliminating all negativity. A healthy diet and lifestyle keep one positive, fit, and happy. Regularly brushing your teeth twice a day and washing hands before meals will keep you healthy.

A healthy and active mind important to balance our everyday goals. It is highly relevant to balance one’s work and life at all times. In today’s world, the greed for luxury and wealth creation has caused health-related hazards.

Health is like money; we learn it’s the value when it’s lost. A Healthy person can achieve happiness and success quickly than a weak and unhealthy person. Staying fit and healthy is truly a blessing.

10 Lines on Health is Wealth Essay in English

• The famous proverb ‘Health is Wealth’ means health is the most significant wealth, not money
• The real wealth is healthy habits such as a balanced diet, exercise, regular sleep that one inculcates over a period of
• The World Health Organisation commemorates the  annual celebration of World Health Day on April 7,  to create awareness among people about health and cleanliness
• Eating unnecessary junk food is harmful to one’s health.
• The most important element to lead and practice for a healthy life is
• Staying healthy is not just being physically fit, but also includes emotional, social,  mental well-being
• Unwanted stress can cause detrimental to
• Activities such as playing an instrument, games, or reading give the brain necessary exercise to improve health
• Healthy habits like brushing teeth twice a day and washing hands before meals will keep you healthy.
• Maintaining healthy habits brings positivity in life and leads to longevity along with success.

FAQ’s on Health is Wealth Essay

Question 1. Why is ‘Health is Wealth’ important?

Answer: The proverb ‘Health is Wealth’ means good health is the real treasure. A healthy life enables one to remain positive and face all life challenges. Good health promotes mental, emotional, social, and physical well-being.

Question 2. When is World Health Day celebrated, and why?

Answer: The World Health Organisation commemorates the annual celebration of World Health Day on April 7,  to create awareness among people about health and cleanliness.

Question 3. Who quoted that Health is Wealth?

Answer: Ralph Waldo Emerson stated that Health is Wealth.

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Health Is Wealth Essay for Students and Children

500+ words health is wealth essay.

Growing up you might have heard the term ‘Health is Wealth’, but its essential meaning is still not clear to most people. Generally, people confuse good health with being free of any kind of illness. While it may be part of the case, it is not entirely what good health is all about. In other words, to lead a healthy life , a person must be fit and fine both physically and mentally. For instance, if you are constantly eating junk food yet you do not have any disease, it does not make you healthy. You are not consuming healthy food which naturally means you are not healthy, just surviving. Therefore, to actually live and not merely survive, you need to have the basic essentials that make up for a healthy lifestyle.

Introduction

Life is about striking a balance between certain fundamental parts of life. Health is one of these aspects. We value health in the same way that we value time once we have lost it. We cannot rewind time, but the good news is that we can regain health with some effort. A person in good physical and mental health may appreciate the world to the fullest and meet life’s problems with ease and comfort. Health is riches implies that health is a priceless asset rather than money or ownership of material possessions. There is no point in having money if you don’t have good health.

Key Elements Of A Healthy Lifestyle

If you wish to acquire a healthy lifestyle, you will certainly have to make some changes in your life. Maintaining a healthy lifestyle demands consistent habits and disciplined life. There are various good habits that you can adopt like exercising regularly which will maintain your physical fitness. It also affects your mental health as when your appearance enhances, your confidence will automatically get boosted.

To live a healthy life, one must make some lifestyle modifications. These modifications can include changes to your food habits, sleeping routines, and lifestyle. You should eat a well-balanced, nutrient-dense diet for your physical wellness.

Further, it will prevent obesity and help you burn out extra fat from your body. After that, a balanced diet is of great importance. When you intake appropriate amounts of nutrition, vitamins, proteins, calories and more, your immune system will strengthen. This will, in turn, help you fight off diseases powerfully resulting in a disease-free life.

Above all, cleanliness plays a significant role in maintaining a healthy lifestyle. Your balanced diet and regular exercise will be completely useless if you live in an unhealthy environment. One must always maintain cleanliness in their surroundings so as to avoid the risk of catching communicable diseases.

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Benefits Of A Healthy Lifestyle

As it is clear by now, good health is a luxury which everyone wants but some of them cannot afford. This point itself states the importance of a healthy lifestyle. When a person leads a healthy lifestyle, he/she will be free from the tension of seeking medical attention every now and then.

On the contrary, if you have poor health, you will usually spend your time in a hospital and the bills will take away your mental peace. Therefore, a healthy lifestyle means you will be able to enjoy your life freely. Similarly, when you have a relaxed mind at all times, you will be able to keep your loved ones happy. A healthy individual is more likely to fulfil all of his goals because he can easily focus on them and has the energy to complete them. This is why the proverb “Health is Wealth” carries so much weight.

A socially healthy individual is one who is able to interact effectively and readily connect with others. Without his ego, he can easily blend with the person in front of him, exuding a nice feeling and energy.

Every human being should participate in sports and activities to get away from the monotony of daily life. It is because sports and games assist in instilling a sense of oneness in people, build leadership skills, and make a person absolutely disciplined.

Moreover, a healthy lifestyle will push you to do better in life and motivate you to achieve higher targets. It usually happens that people who are extremely wealthy in terms of money often lack good health. This just proves that all the riches in the world will do you no good if there is an absence of a healthy lifestyle.

In short, healthy life is the highest blessing that must not be taken for granted. It is truly the source of all happiness. Money may buy you all the luxuries in the world but it cannot buy you good health. You are solely responsible for that, so for your well-being and happiness, it is better to switch to a healthy lifestyle.

Good Health for Children

Childhood is an ideal period to inculcate healthy behaviours in children. Children’s health is determined by a variety of factors, including diet, hydration, sleep schedule, hygiene, family time, doctor visits, and physical exercise. Following are a few key points and health tips that parents should remember for their children:

• Never allow your children to get by without nutritious food. Fruits and vegetables are essential.
• Breakfast is the most important meal of the day, therefore teach them to frequently wash their hands and feet.
• Sleep is essential for your child.
• Make it a habit for them to drink plenty of water.
• Encourage physical activity and sports.
• Allow them enough time to sleep.
• It is critical to visit the doctor on a regular basis for checks.

Parents frequently focus solely on their children’s physical requirements. They dress up their children’s wounds and injuries and provide them with good food. However, they frequently fail to detect their child’s deteriorating mental health. This is because they do not believe that mental health is important.

Few Lines on Health is Wealth Essay for Students

• A state of physical, mental, emotional, and social well-being is referred to as health. And all of this is linked to one another.
• Stress, worry, and tension are the leading causes of illness and disease in today’s world. When these three factors are present for an extended period of time, they can result in a variety of mental difficulties, which can lead to physical and emotional illnesses. As a result, taking care of your own health is critical.
• Unhealthy food or contaminated water, packed and processed food and beverages, unsanitary living conditions, not getting enough sleep, and a lack of physical activity are some of the other primary causes of health deterioration.
• A well-balanced diet combined with adequate exercise and hygienic habits, as well as a clean environment, can enhance immunity and equip a person to fight most diseases.
• A healthy body and mind are capable of achieving things that a sick body and mind are incapable of achieving, including happiness.
• It is also vital to seek medical and professional assistance when necessary because health is our most valuable asset.
• Activities such as playing an instrument, playing games, or reading provide the brain with the required exercise it requires to improve health.

Maintaining healthy behaviours improves one’s outlook on life and contributes to longevity as well as success.

Frequently Asked Questions

Question 1: What are the basic essentials of a healthy life? Answer: A healthy life requires regular exercise, a balanced diet, a clean environment, and good habits.

Question 2: How can a healthy life be beneficial? Answer: A healthy lifestyle can benefit you in various ways. You will lead a happier life free from any type of disease. Moreover, it will also enhance your state of mind.

Question 3: When is World Health Day celebrated?

Answer: Since 1950, World Health Day has been observed on the 7th of April by the World Health Organization (WHO), after a decision made at the first Health Assembly in 1948. It is observed to raise awareness about people’s overall health and well-being around the world.

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Essay on Health is Wealth: 200, 300 and 400 Words

• Updated on  
• May 2, 2024

Essay on Health is Wealth: The saying “health is wealth” rings true for all of us. Material possessions lose their lustre when you are unwell. Good health allows us to experience life fully, with energy for work, relationships, and enjoyment. While money can buy medical care, it cannot buy true health and happiness. By prioritising healthy habits like balanced meals and exercise, you invest in your greatest asset – your well-being.

Table of Contents

• 1 Essay on Health is Wealth in 200 Words
• 2 Essay on Health is Wealth in 300 Words
• 3.1 Physical Well-Being
• 3.2 Mental Health
• 3.3 Economic success
• 3.4 Life Quality
• 4 11+ Quotes on Health and Well Being

Quick Read: How to Calculate Percentage in ICSE Board Class 10?

Essay on Health is Wealth in 200 Words

‘The most important wealth in the world is our health. Today, everyone is running after a materialistic life, ignoring true happiness and their well-being. In this chaotic and digital world, the phrase “health is wealth” holds great importance. It reminds us that having good health is the foundation on which a fulfilling life is built. 

Speaking of the advantages of having good health, it allows us to enjoy life to the fullest. Without having a healthy mind and body the whole process becomes elusive. 

Moreover, success and productivity depend on being in excellent health. It enables people to achieve their goals, work productively, and give back to society. An unwell person frequently encounters obstacles that prevent them from realising their hopes and dreams.

Keeping one’s health is also an investment in the future. Regular exercise and a healthy diet are two preventative healthcare practices that can assist in avoiding the need for future, expensive medical treatments. It is important to take a responsible approach to protecting one’s general well-being as well as one’s financial wealth.

Finally,” health is wealth” emphasises the importance of well-being in our lives. It reminds us that the priceless gift of health cannot be replaced by any amount of material prosperity. One must put their health first and treasure it beyond everything else if one wants to live a truly wealthy and fulfilling life.

Quick Read: Essay on Best Friend

Essay on Health is Wealth in 300 Words

Health is riches, after all. This proverb, which emphasises the critical necessity of health in one’s life, is full of timeless wisdom. It is simple to ignore the priceless gem that good health represents in a world that is focused on material prosperity and material interests.

First and foremost, being healthy helps people to live happy and fruitful lives. It serves as the cornerstone on which all other accomplishments are constructed. When someone is in good health, they have the vigour, strength, and stamina to achieve their aspirations, objectives, and ambitions. Poor health, on the other hand, can be a formidable obstacle that restricts one’s potential and prospects.

Additionally, having good health results in a higher quality of life. Healthy people require fewer medical procedures and are less in pain and suffering. They can enjoy life’s simple pleasures like spending time with loved ones, going outside, and eating good food without worrying about their diet.

The state of one’s health is crucial to their mental well-being. Mental health and physical well-being are tightly related. An emotionally stable and resilient state of mind is frequently a byproduct of physical health. The importance of health in one’s entire well-being is further highlighted by the fact that poor health can result in stress, worry, and depression.

The economic effects of health are another important factor. People who are in good health tend to be more productive at work, which increases earnings and improves financial security. On the other hand, health issues can cause medical expenses and decreased earning potential, which can have a considerable influence on one’s financial security.

The term “health is wealth” embodies a profound truth, to sum it up. The most valuable asset a person can have is good health because it supports all other facets of life. It enables people to live fulfilling lives, pursue their aspirations, and maintain their mental and emotional health. As a result, we must give our health priority and make the necessary investments because it is the only type of wealth that will never be exceeded or replaced by worldly belongings.

Quick Read: Trees are Our Best Friend Essay

Essay on Health is Wealth in 400 Words 

The proverb “Health is Wealth” maintains a special place in our lives. It emphasises how important good health is as the cornerstone of a successful and joyful life. The genuine meaning of riches is frequently missed in today’s fast-paced society when success is frequently gauged in monetary terms. This essay explores the deep significance of this adage and shows how true it is that the best asset anyone can have is their health.

Here are all the benefits one gets:

Physical Well-Being

Being physically healthy is the same as being in good health. Our bodies perform at their peak when we are healthy, enabling us to go about our daily lives with vigour and enthusiasm. A productive existence is built on a foundation of physical fitness. It makes it possible for us to work effectively, pursue our objectives, and fully appreciate life. Even the most plentiful wealth becomes meaningless in the absence of health.

Mental Health

 In addition to physical health, mental health is a critical element of our entire prosperity. Ageless wisdom is having a good mind and a healthy body. Our cognitive functioning, emotional stability, and resiliency in the face of difficulties are all influenced by our mental health. Material prosperity can become a cause of stress and unhappiness in the absence of mental wellness.

Economic success

Economic success is directly correlated with good health. People may actively participate in the workforce and make more money when they are healthy. Healthier populations are also less financially burdened by healthcare expenses, releasing funds for other basic requirements. As a result, investing in healthcare is an investment in the prosperity of a country.

Life Quality

The genuine wealth of life is found in its excellence. A person in good health can enjoy life’s joys, go on trips, engage in hobbies, and spend time with loved ones. No amount of money can replace the richness that these experiences bring to life. Healthy people are better able to live fulfilling and pleasurable lives.

To conclude, the motto “Health is Wealth” perfectly describes what a prosperous life entails. While having material possessions is necessary for comfort and security, how we use and enjoy our wealth is ultimately influenced by our health. Given that health is the foundation upon which all other types of wealth are formed, investing in it should be a top priority. One must understand that health is the ultimate treasure that neither money nor anything else can ever fully replace or imitate to truly understand its worth. Therefore, let us never lose sight of the fact that our health is the most priceless asset we have when pursuing success and happiness.

Also Read: Essay on Health and Fitness for Students

11+ Quotes on Health and Well Being

Here are popular quotes on health and well-being:

• “Take care of your body. It’s the only place you have to live.” – Jim Rohn
• “Health is a state of complete harmony of the body, mind and spirit.” – B.K.S. Iyengar (Yoga teacher)
• “Early to bed and early to rise makes a man healthy, wealthy and wise.” – Benjamin Franklin (Polymath)
• “Let food be thy medicine and medicine be thy food.” – Hippocrates (Ancient Greek physician)
• “A sound mind in a sound body.” – Juvenal (Roman satirist)
• “You don’t have to be great to start, but you have to start to be great.” – Zig Ziglar (Motivational speaker)
• “Your body hears everything your mind says.” – Naomi Judd (Singer)
• “The first wealth is health.” – Ralph Waldo Emerson (American philosopher)
• “The groundwork for all happiness is health.” – Leigh Hunt (British writer)
• “To keep the body in good health is a duty… otherwise, we shall not be able to keep the mind strong and clear.” – Gautam Buddha (Spiritual leader)
• “The more you praise and celebrate your life, the more there is in life to celebrate.” – Oprah Winfrey (Talk show host)
• “Peace is the result, not of the absence of conflict, but of the ability to handle it.” – Roosevelt (American President)

Explore other Essay topics for school students here:

Wealth and health are vital, but many people believe that health is ultimately more crucial. This is because it is challenging to gain from riches without being in excellent health.

A healthy person has an improved social life and a sound mental condition, which refers to a person’s emotional and psychological state and is just as important for health as physical fitness.

A person with poor mental health has a higher chance of chronic physical conditions. If you are physically fit and active, your neural functioning is enhanced which can be beneficial for your academic, social and personal environment.

For more information on such informative topics for your school, visit our essay writing page and follow Leverage Edu ! 

Malvika Chawla

Malvika is a content writer cum news freak who comes with a strong background in Journalism and has worked with renowned news websites such as News 9 and The Financial Express to name a few. When not writing, she can be found bringing life to the canvasses by painting on them.

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Real Wealth is Not Just About Money and Possessions

Real wealth is never about money and possessions .

I remember a few days ago, I was on Facebook scrolling down and I came across this video of Bob Marley , the famous singer. Watch the video below. 

You see… this statement said by Bob “my richness is life, ….forever” has really captivated me. This is not something we hear every single day.

A worth-asking question is what is real wealth? Does having a lot of money and possessions make you rich and happy?

Generally speaking, people might hold different perspectives about what real wealth is. Most people would consider themselves wealthy and rich if they have a big beautiful house, a beautiful car, wear expensive clothes…etc.

Believe it or not … that’s totally a wrong belief. Real wealth is not about money and possessions. There are several important elements that constitute real wealth.

In this short post, I want to share with you some ideas that relate directly to wealth. These ideas are the result of my reading about this issue. You should realize that money and possessions are important in life, but they are not at the top of the pyramid. There are other things that matter more. 

The first element is your inner life .

This is something which is very important. Your inner life is directly related to your outer life. You have to know that the quality of life you are living and who you are is dependant on your thoughts and mindset. Are you living in peace and happiness or living under pressure, stress, anxiety, and depression? 

The second element is your health .

Both your physical and mental health are so important. Your health is your real wealth. The irony of life is when we are young we strive for wealth so badly but when we get old and make enough wealth, we lose our health and we wish we hadn’t done it. 

The third element is your family .

Family and friends are extremely important. Remember that social relationships make life better and meaningful.

The fourth element is experience .

Life is a continuous adventure. Those experiences and beautiful memories really make life valuable. So, travel the world, discover new cultures and learn new things…. life is worth-living that way. 

The fifth element is making an impact.

Ask yourself: Are you making a difference in life? I think life becomes worth-living when you serve others, help them, teach them, support them and have a positive impact on them.

To put it in a nutshell, remember that real wealth is never about money and material things. As Cesar Chavez says “real wealth is never measured by money, power or status, real wealth is measured in the legacy we leave behind for people we love and inspire.”

I hope this post was inspiring and insightful. There are many things in life that we don’t appreciate and are responsible for our happiness or misery. 

Catch us on Facebook . 

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Essay on Health is Wealth

Here we have shared the Essay on Health is Wealth in detail so you can use it in your exam or assignment of 150, 250, 400, 500, or 1000 words.

You can use this Essay on Health is Wealth in any assignment or project whether you are in school (class 10th or 12th), college, or preparing for answer writing in competitive exams. 

Topics covered in this article.

Essay on Health is Wealth in 150 words

Essay on health is wealth in 250-300 words, essay on health is wealth in 500-1000 words.

“Health is Wealth” emphasizes the significance of good health in our lives. It implies that health is the most valuable asset, enabling us to lead a fulfilling and prosperous life. Good health provides energy, vitality, and focus to pursue our goals and enjoy life fully. On the other hand, poor health can limit our potential and burden us financially. To maintain good health, we must prioritize self-care through regular exercise, a nutritious diet, sufficient rest, and stress management. Preventive measures such as vaccinations and regular check-ups are also crucial. By investing in our health, we minimize the risk of chronic diseases and enhance our overall well-being. Thus, prioritizing our health is essential for a balanced and prosperous life.

“Health is Wealth” is a popular saying that emphasizes the significance of good health in our lives. It suggests that health is the most valuable asset one can possess, as it is the foundation for a fulfilling and prosperous life.

Good health enables us to lead a productive and meaningful existence. When we are physically and mentally healthy, we have the energy, vitality, and focus to pursue our goals and aspirations. It allows us to engage in activities we enjoy, build relationships, and contribute to society.

On the other hand, poor health can limit our potential and hinder our ability to enjoy life fully. It can lead to physical discomfort, illness, and reduced productivity. Furthermore, healthcare expenses can become a burden, affecting our financial well-being.

Taking care of our health should be a top priority. It involves adopting a balanced lifestyle that includes regular exercise, a nutritious diet, adequate rest, and stress management. Additionally, preventive measures such as vaccinations, regular check-ups, and early detection of illnesses play a crucial role in maintaining good health.

Investing in our health is akin to investing in our future. By prioritizing self-care and adopting healthy habits, we can minimize the risk of chronic diseases, improve our overall well-being, and enhance our quality of life.

In conclusion, the saying “Health is Wealth” highlights the importance of good health in leading a fulfilling and prosperous life. Our health is our most valuable asset, and by making conscious efforts to maintain and improve it, we can enjoy the benefits of a healthy and fulfilling existence. It is crucial to prioritize our health through lifestyle choices and preventive measures, as it is the foundation upon which we can build a prosperous and meaningful life.

Title: Health is Wealth – Nurturing the Foundation of Prosperity

Introduction :

The adage “Health is Wealth” encapsulates the profound connection between good health and the attainment of prosperity in life. It emphasizes that true wealth lies not in material possessions, but in the preservation and enhancement of one’s physical and mental well-being. This essay delves into the significance of good health, its impact on various aspects of life, the role of preventive care, and the steps individuals can take to prioritize and nurture their health.

The Foundation of Prosperity

Good health serves as the bedrock of a prosperous life. Physical and mental well-being are intertwined, creating a harmonious balance that enables individuals to thrive and achieve their goals. Optimal physical health allows for increased energy, stamina, and vitality, enabling individuals to participate fully in life’s activities. Mental well-being, on the other hand, fosters emotional stability, resilience, and the ability to cope with challenges effectively.

Impact on Personal and Professional Life

Good health has a profound impact on personal and professional spheres. In personal life, it enhances relationships and fosters deeper connections with loved ones. When individuals are in good health, they can engage in activities that promote quality time and shared experiences, leading to stronger bonds and greater happiness.

Professionally, good health equips individuals with the energy, focus, and productivity necessary for success. It enables them to perform optimally in their chosen fields, make significant contributions, and advance their careers. Moreover, good health contributes to job satisfaction, reducing absenteeism and increasing overall work productivity.

Preventive Care: The Key to Long-term Well-being

Preventive care plays a pivotal role in maintaining good health. Regular medical check-ups, screenings, and vaccinations are crucial in identifying and managing health risks before they escalate. Early detection of potential illnesses allows for timely intervention and treatment, reducing the impact and complications associated with diseases. In addition, adopting a preventive mindset encompasses healthy lifestyle choices. Engaging in regular physical exercise, consuming a balanced diet, getting sufficient sleep, managing stress, and avoiding harmful habits such as smoking or excessive alcohol consumption are vital aspects of preventive care. These practices not only prevent the onset of various illnesses but also contribute to overall well-being and longevity.

Steps towards Health and Wellness

Prioritizing and nurturing one’s health requires conscious effort and commitment. Individuals can take several steps to cultivate a healthy lifestyle. First and foremost, it is essential to adopt regular physical exercise as a part of one’s routine. Engaging in activities such as walking, jogging, swimming, or yoga not only improves physical fitness but also promotes mental well-being through the release of endorphins and the reduction of stress. A balanced diet rich in fruits, vegetables, whole grains, lean proteins, and essential nutrients is vital for maintaining good health. Proper nutrition provides the body with the necessary fuel for optimal function, boosts immunity, and reduces the risk of chronic diseases.

Adequate rest and sleep are equally important. Sufficient sleep enables the body to rejuvenate and repair itself, enhancing overall well-being and cognitive function.

Managing stress is crucial in maintaining good health. Incorporating stress management techniques such as meditation, deep breathing exercises, or engaging in hobbies can alleviate stress and promote mental clarity.

Regular health screenings and check-ups should be a priority. Periodic visits to healthcare professionals allow for the early detection and management of potential health issues, ensuring comprehensive care and well-being.

Additionally, fostering a supportive social network and seeking emotional support when needed can contribute to mental well-being. Sharing concerns, seeking guidance, and participating in social activities nurture emotional resilience and provide a sense of belonging.

Conclusion :

In conclusion, the saying “Health is Wealth” emphasizes the intrinsic link between good health and the attainment of prosperity in life. Prioritizing one’s physical and mental well-being forms the foundation upon which true wealth is built. By embracing preventive care, adopting healthy lifestyle practices, and nurturing overall well-being, individuals can cultivate good health and experience the richness and abundance that comes with it. Ultimately, investing in one’s health paves the way for a prosperous and fulfilling existence.

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More From Forbes

The deep connection between your health and wealth.

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Founder and CEO of  deVere Group .

“When health is absent ... wealth becomes useless,” the ancient Greek physician Herophilus once famously said. That might have been the case 2,300 or so years ago, but it’s a doctrine I live by today, specifically noting the benefits of regular checks for both your health and your wealth.

Every day, as an organization, we speak with individuals about building and safeguarding their money. But in my view, there is little use in accumulating wealth if you don’t have your health so that you and your loved ones can enjoy it.

The condition of your own health and wealth can be reviewed, analyzed and revised with a three-pronged approach. First, have your health and wealth assessed annually, at least, by experts. Second, ensure that you have the right professional offering the advice to you. And third, take action based on the advice you receive. This third point is arguably the most critical.

An academic study by researchers at the Urban Institute and Virginia Commonwealth University assessing the intricate connection between health and income backs up the approach. The main takeaway of the report published in 2015 is, in simple terms, that those who are healthier and who live longer tend to earn more. Health and income correlate across the socioeconomic spectrum. That is to say, the richest have fewer poor-health conditions than the upper-middle class, who in turn are fitter and healthier than the lower-middle class, for example, with the pattern continuing.

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The report took an in-depth look into health issues for which the Centers for Disease Control and Prevention (CDC) in the U.S. had noted by household income. In the vast majority of instances, the wealthier were healthier.

The BMJ has also reported on the connection between health and wealth.

The basics for creating a healthier lifestyle are widely accepted and known to many people. They include eating the right foods for your body, cutting out or limiting sugar, exercising regularly, not smoking or taking illegal drugs, limiting alcohol consumption, getting plenty of sleep and avoiding stressful situations.

The steps for devising, implementing and managing financial planning strategies are, arguably, not quite as simple due to the personal circumstances of each individual. That said, I believe there are some irrefutable cornerstones in this regard, too.

Savings are a fundamental part of a robust personal financial plan. By building a savings safety net, you will be able to financially meet the costs of unforeseeable emergencies without having to increase credit card debt, ask for loans from relatives or friends, or turn to other borrowing options that serve to increase unnecessary and avoidable hassle.

Growing and protecting your retirement income is also a critical pillar. Preparing sooner rather than later for your retirement positions you to achieve your objectives more quickly and more effectively so you can enjoy the retirement you desire. This is particularly the case because life expectancy has been increasing globally, meaning the money we put aside has to last longer. Additionally, in the future, governmental agencies and company pension schemes may not be financially able to support older people like they have for previous generations. There is also a burgeoning health and social care crisis.

In addition, investing some of your savings is recommended. A failure to do so can mean that inflation will erode your purchasing power in the long term. Tax efficiency should be prioritized, too, by making use of legitimate solutions, reliefs, initiatives and schemes. And finally, insurance, including life and critical illness, is another fundamental that will help protect what is precious to you for yourself and your loved ones.

The connection between health and wealth is deep, and it is therefore important to create and roll out strategies to manage both so you can truly enjoy life-enhancing benefits and opportunities.

The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation.

Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Do I qualify?

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The great wealth wave

The tide has turned – evidence shows ordinary citizens in the western world are now richer and more equal than ever before.

by Daniel Waldenström   + BIO

Recent decades have seen private wealth multiply around the Western world, making us richer than ever before. A hasty glance at the soaring number of billionaires – some doubling as international celebrities – prompts the question: are we also living in a time of unparalleled wealth inequality? Influential scholars have argued that indeed we are. Their narrative of a new gilded age paints wealth as an instrument of power and inequality. The 19th-century era with low taxes and minimal market regulation allowed for unchecked capital accumulation and then, in the 20th century, the two world wars and progressive taxation policies diminished the fortunes of the wealthy and reduced wealth gaps. Since 1980, the orthodoxy continues, a wave of market-friendly policies reversed this equalising historical trend, boosting capital values and sending wealth inequality back towards historic highs.

The trouble with the powerful new orthodoxy that tries to explain the history of wealth is that it doesn’t fully square with reality. New research studies, and more careful inspection of the previous historical data, paint a picture where the main catalysts for wealth equalisation are neither the devastations of war nor progressive tax regimes. War and progressive taxation have had influence, but they cannot count as the main forces that led to wealth inequality falling dramatically over the past century. The real influences are instead the expansion from below of asset ownership among everyday citizens, constituted by the rise of homeownership and pension savings. This popular ownership movement was made possible by institutional changes, most important democracy, and followed suit by educational reforms and labour laws, and the technological advancements lifting everyone’s income. As a result, workers became more productive and better paid, which allowed them to get mortgages to purchase their own homes; homeownership rates soared in the West from the middle of the century. As standards of living improved, life spans increased so that people started saving for retirement, accumulating another important popular asset.

Today, the populations of Europe and the United States are substantially richer in terms of real purchasing-power wealth than ever before. We define wealth as the value of all assets, such as homes, bank deposits, stocks and pension funds, less all debts, mainly mortgages. When counting wealth among all adults, data show that its value has increased more than threefold since 1980, and nearly 10 times over the past century. Since much of this wealth growth has occurred in the types of assets that ordinary people hold – homes and pension savings – wealth has also become more equally distributed over time. Wealth inequality has decreased dramatically over the past century and, despite the recent years’ emergence of super-rich entrepreneurs, wealth concentration has remained at its historically low levels in Europe and has increased mainly in the US.

Among scholars in economics and economic history, a new narrative is just beginning to emerge, one that accentuates this massive rise of middle-class ownership and its implications for society’s total capital stock and its distribution. Capitalism, it seems, did not result in boundless inequality, even after the liberalisations of the 1980s and corporate growth in the globalised era. The key to progress, measured as a combination of wealth growth and falling or sustained inequality, has been political and institutional change that enabled citizens to become educated, better paid, and to amass wealth through housing and pension savings.

I n his book Capital in the Twenty-First Century (2014), Thomas Piketty examined the long-run evolution of capital and wealth inequality since industrialisation in a few Western economies. The book quickly received wide acclaim among both academics and policymakers, and it even became a worldwide bestseller.

Piketty’s narrative outlined wealth accumulation and concentration as following a U-shaped pattern over the past century. At the time of the outbreak of the First World War, wealth levels and inequality peaked as a result of an unregulated capitalism, low taxation or democratic influence. During the 20th century, wartime capital destruction and postwar progressive taxes slashed wealth among the rich and equalised ownership. Since 1980, however, goes Piketty’s narrative, neoliberal policies have boosted capital values and wealth inequality towards historic levels.

Immediately after publication, Capital generated fierce debate among economists, focused primarily on the book’s theoretical underpinnings. For example, Piketty had sketched a couple of ‘fundamental laws’ of capitalism, defining the economic importance of aggregate wealth. The first law stated that the share of capital income in total income (the other share coming from labour) is a function of how much capital there is in the economy and its rate of return to capital owners. The second law stated that the amount of capital in the economy, measured as its share in total output, is determined by the balance between saving to accumulate capital and income growth. While these laws were actually fairly uncontroversial relationships, almost definitions, they laid out a mechanistic view of inequality trends that attracted considerable attention and scrutiny among Piketty’s fellow theoretical economists.

My work arrives at a striking new conclusion for the history of wealth and inequality in the West

However, what the academic debate cared less about was the empirical side of the analysis. Almost nothing was said about the historical data and the empirical conclusions underlying the claims about U-shaped patterns and main driving forces. The void in critical scrutiny exposed a widespread disinterest among mainstream economists in history and the fine-grained aspects of source materials, measurement and institutional contexts.

In recent years, a new strand of historical wealth inequality research has emerged from universities around the world. It offers a more nuanced empirical picture, including new data and revised evidence, pointing to different results and interpretations. In Piketty’s book, most of the analysis centred on the historical experiences of France, and then there was additional evidence presented for the United Kingdom and Germany (together making up Europe) and the US. Newer work reexamines and extends the historical wealth accumulation and inequality trends. Some of these contributions also revise the earlier data series, such as those analysing Germany and the UK. Other studies expand the empirical base by incorporating previously unexplored countries, such as Spain and Sweden. A number of ongoing research projects into the history of wealth distribution examine more new countries, including Switzerland, the Netherlands and Canada. Their findings will soon be added to this historical wealth database.

My work with new data, published in my book Richer and More Equal (2024), arrives at a new conclusion for the history of wealth and inequality in the West. The new results are striking. Data show that we are both richer and more equal today than we were in the past. An accumulation of housing wealth and pension savings among workers in the middle classes emerges as the main factor producing greater equality: today, three-fourths of all private assets are either homes or long-term pension and insurance savings.

U nderlying the change in personal wealth formation over the 20th century are a number of political and economic developments. The democratisation of the Western world began with the extension of universal suffrage during the 1910s. This movement initiated a process of reforming the educational system, to extend basic schooling to the population and facilitating access to higher education. New labour laws improved working life by restricting the working hours per day, allowing unions to be active. Better training and nicer workplaces raised worker productivity and earnings, creating opportunity for working- and middle-class households to purchase their own homes. The improved living standards also led to longer lives. Between the 1940s and today, life expectancy at birth increased by almost 20 years in Western countries, most of which were spent in retirement. Pension systems started evolving during the postwar era, both as public-sector unfunded systems based on promises about a future income, and as private-sector funded systems where individual pension funds were accumulated as part of people’s long-term saving.

At the core of the new findings are three empirical observations.

The first is that the populations in Western countries are richer today than ever before in history. By rich, again, I mean having a high level of average wealth in the adult population. Why this measure of riches captures relevant aspects of welfare is because higher wealth permits a lot of good things in life. It allows for higher consumption, more savings and larger investment for future prosperity. It also promises better insurance against unforeseen events. Figure 1 below illustrates the growth in the average real per-capita wealth in a selection of Western countries over the past 130 years. It is dramatic. During the first half of the past century, the average wealth in the Western population hovered at a stable level. Since the end of the Second World War, asset values started to increase, doubling the level in only a couple of decades. From 1950 to 2020, average wealth in the West increased sevenfold.

Over the past 130 years, a monumental shift in wealth composition has taken place

A fact to notice specifically is how wealth has grown each single postwar decade up to the present day. For several reasons, this consistency of growth is a marvel. It affirms the robustness of the result: we are wealthier today than in history, and this fact does not depend on the choice of start or end date but holds regardless of the time period considered. The steady increase in wealth is not confined to investment-driven growth in Europe’s early postwar decades. Neither does it hinge on the market liberalisations of the 1980s and ’90s. However, it is notable how the lifting of regulations and the historically high taxes since the 1980s are indeed associated with the highest pace of value-creation that the Western world has ever experienced.

Figure 1: rising real average wealth in the Western world. Note: wealth is expressed in real terms, meaning that it is adjusted for the rise in consumer prices and thus expresses change in purchasing power. The line is an unweighted mean of the average wealth in the adult population in six countries (France, Germany, Spain, Sweden, the UK and the US) expressed in constant 2022 US dollars. Source: Waldenström (2024, Chapter 2)

A second fact coming out of the historical evidence is that wealth in the aggregate has changed in its appearance. The composition of assets people hold tells us about the economic structure of society and what functions wealth plays in the population. For example, whether most assets are tied to the agricultural economy or to industrial activities signifies the degree of economic modernisation in the historical analysis. The importance of ordinary people’s assets in the aggregate signifies the degree to which workers take part in the value-creation processes of the market economy. Figure 2 below displays the division across asset classes in the aggregate portfolio since the end of the 19th century. It is evident that, over the past 130 years, a monumental shift in wealth composition has taken place. A century ago, wealth comprised primarily agricultural land and industrial capital. Today, the majority of personal wealth is tied up in housing and pension funds.

Figure 2: the aggregate composition of assets: from elite wealth to people’s wealth . Note: unweighted average of six countries (France, Germany, Spain, Sweden, the UK and the US). Source: Waldenström (2024, Chapter 3)

The transformation of wealth composition has strong distributional implications. Individual ownership data, often called microdata, show how ownership structures across wealth distribution bear a pattern of who owns what. Historically, the rich held agricultural estates and shares in industrial corporations. This is especially true over the long term of history, but it remains so now too. In contrast, the working population acquires wealth in their homes and long-term savings in pension funds. Homeownership rates today range from 50 to 80 per cent. Labor-force participation rates are even higher. In substance, this tells us that housing and work-related pension funds are assets that dominate the ownership of ordinary people in the lower and middle classes, which in turn links the relative aggregate importance of housing and pension funds for wealth inequality.

L ooking closer at the relationship between the share of a country’s citizens who own their homes and the level of wealth inequality, the distributional pattern becomes evident. Figure 3 below plots countries according to their homeownership rates and wealth inequality, as measured by the common Gini coefficient that ranges from 0 (no inequality) to 1 (one individual owns everything), using recent wealth and homeownership surveys. Countries with higher levels of homeownership have lower wealth inequality. The straight line in the figure has a negative slope, which suggests that raising the homeownership rate by 10 points leads to an expected reduction in wealth inequality by 0.04 Gini points. As an example, France has a lower homeownership than Italy ( 60 per cent compared with 70 per cent), and a higher wealth inequality (0.67 versus Italy’s 0.61).

Figure 3: homeownership and wealth inequality in Europe and the US. Source: Waldenström (2024, Chapter 6)

The historical shift in the nature of wealth, from being elite-centric to more democratic, can thus be expected to have profound implications for the distribution of wealth. Figure 4 below presents the most recent data from European countries and the US. They reveal in graphical form how wealth inequality has decreased substantially over the past century. The wealthiest percentile once held around 60 per cent of all wealth. The share ranged from 50 per cent of wealth in the US and Germany to 70 per cent in the UK.

Most wealth today is in homes and pensions, assets predominantly of low- and middle-wealth households

Since the first half of the 20th century, the tide has turned. A great wealth equalisation took place throughout the Western world. From the 1920s to the 1970s, wealth concentration fell steadily. In the 1970s, wealth equalisation stopped, but then Europe and the US follow separate paths. In Europe, top wealth shares stabilise at historically low levels, perhaps with a slight increasing tendency. As of 2010, the richest 1 per cent in society holds a share of total wealth at around 20 per cent in Europe. That is roughly one-third of its share of national wealth from a century earlier. Countries like the UK, the Netherlands, Italy and Finland have top percentile shares of around 16-18 per cent. A bit higher are countries like Spain, Denmark, Norway and Sweden with top shares at around 21-24 per cent. Germany has an even higher share, around 27 per cent, and Switzerland’s richest percentile group owns about 30 per cent of all wealth.

This stability of post-1970 top wealth shares may seem contradictory when contrasted with the large increases in aggregate wealth values over recent decades. However, it is consistent with most of the asset ownership patterns documented above, with most of wealth today being in housing and pensions, assets predominantly held by low- and middle-wealth households.

The US wealth concentration experience is somewhat different. Wealth inequality in the beginning of the 20th century was somewhat lower in the US than in most European countries, perhaps reflecting being a younger nation with less established elite structures. The equalisation trend also happened in the US, but it was less pronounced than in Europe. Today, US wealth concentration is currently much higher than in Europe. This situation, as the figure below shows, is the result of several years of steady increase. In historical perspective, however, even the current US level of wealth inequality is lower than it was before the Second World War, and it pales in comparison with the extreme levels of wealth concentration that the people of Europe experienced 100 years ago.

Figure 4: the great wealth equalisation over the 20th century. Source: Waldenström (2024, Chapter 5)

H ow can we account for these historical trends showing a steady growth in average household wealth and, at the same time, wealth inequality falling to historically low levels, where it has remained in Europe but has risen lately in the US? One approach is to break down the top wealth shares into the accumulation of wealth in the top and bottom groups of the distribution. In other words, we decompose the change in top wealth shares by documenting the changes in absolute wealth holdings in the numerator and denominator of the top wealth-share ratio. Figure 5 below shows these numbers, and they are striking.

During no historical time period during the past century did the wealth amounts of the rich fall on average. The falling wealth concentration from 1910 to 1980 was instead the result of wealth accumulating faster in the middle classes than in the top. Since 1950, wealth holdings have actually grown in the entire population. Between 1950 and 1980, it grew faster among the lower groups in the wealth distribution, explaining the continued equalisation. After 1980, wealth has instead grown faster in the top percentile than in the lower classes, which accounts for the halt of the long equalisation trend and a slight upward trend in the top wealth share, driven by the US development, whereas the European countries remained at its historically low levels.

Figure 5: Western wealth growth: the middle class vs the rich. The graph shows a six-country average (France, Germany, Spain, Sweden, the UK, the US) of the average annual growth rate of real (inflation-adjusted) net wealth per adult individual in the top 1 per cent and the lower 90 per cent of the wealth distribution during three time periods. Source: Waldenström (2024, Chapter 6)

Looking at the specific factors that could account for these trends in wealth growth and wealth inequality, there are some that match the evidence better than others. According to the orthodox narrative, the main explanation was the shocks to capital during the world wars and postwar capital taxes, all of which are believed to have created equality through lowering the top of the wealth distribution. In this telling, the physical capital destruction in wars reduced the fortunes of the rich, and the immediate postwar hikes in capital taxes and market regulations, such as price controls and capital market restrictions, prevented the entrepreneurs from rebuilding their wealth.

Wealth and inheritance taxes reached almost confiscatory levels in the early 1970s

However, the thesis has some issues. One is that the evidence shows little difference between belligerent and non-belligerent countries. During both wars, the wealth share of the top 1 per cent fell equally in belligerent countries like France and the UK as in non-belligerent Sweden. Including the immediate postwar years, which were heavily influenced by wartime turbulence, does not change this pattern. Germany’s data from the wars is less clear, but it appears that the country experienced larger losses than others, reducing top wealth shares. Spain, which stayed out of both world wars but fought a civil war in the 1930s, saw the wealth share of the richest 1 per cent remain virtually unchanged between 1936 and 1939, according to preliminary estimates. Looking at the US, top wealth shares fell during both wars.

Analysing instead the changes in absolute wealth held by the rich and by the rest reinforces the conclusion that wars were not a devastating moment for capital owners. In fact, the fortunes of the elite did not shrink significantly, except in France during the First World War and seemingly in Germany during both wars. In other cases, the capital values of the rich remained almost constant, and the wealth equalisation observed can be attributed to growing ownership among groups below the top tier.

Progressive tax policies after the Second World War offer another potential explanation for the wealth-equalisation trend. Capital taxation increased rapidly between the 1950s and the 1980s in most Western countries. Wealth and inheritance taxes reached almost confiscatory levels in the early 1970s, and this coincided with stagnating business activities, few startups, slowed economic growth, and an exodus of prominent entrepreneurs from high- to low-tax countries. Few studies have been able to analyse systematically the extent to which these taxes prevented the rise of new large fortunes, but studies of later periods suggest that there are good grounds to believe they did.

A general problem for the factors above – which focus on shocks to the capital of the rich and thus lowering the top of wealth distribution as the primus motor behind the great wealth equalisation of the 20th century – is that the evidence presented in Figure 5 above shows that it was instead the lifting of the bottom of the distribution that accounted for the equalisation. Let us therefore shift focus and examine the two main channels through which this happened: the accumulation of homeownership and saving for retirement.

At the turn of the 20th century, owning a decent home and saving for retirement were luxuries enjoyed by only a select few – maybe a couple of tens of millions in Western countries. Today, the once-elusive dreams of home ownership and pensions have become a reality for several hundreds of millions of people. Homeownership rates went from 20-40 per cent in the first half of the former century to 50-80 per cent in the modern era. Retirement savings also increased in the postwar period, reflecting the longer life spans that came with the general improvement of living standards. Funded pensions and other insurance savings comprised 5-10 per cent of household portfolios around 1950, but this share increased to 20-40 per cent in the 2000s.

The most crucial equalisation resulted from expanded wealth ownership among ordinary citizens

History demonstrates that the significant wealth equalisation over the past century was primarily driven by a massive increase in homeownership and retirement savings. But what initiated this accumulation of assets by households? The most comprehensive evidence highlights the role of political changes and economic developments that explicitly included new groups in the productive market economy. Firstly, the 1910s and ’20s witnessed a broad wave of political democratisation, extending universal suffrage to the Western world. Following this regime shift, a series of reforms transformed the economic reality for the masses. Educational attainment was expanded, and higher education became accessible to broader segments of society. New labour laws improved workers’ rights, making workplaces safer and reducing working hours. These changes enhanced workers’ productivity and real incomes. Simultaneously, the financial system evolved by offering better services to this new constituency of potential customers, including cheaper loans, savings plans, mutual funds and other financial services.

Thus, the primary drivers behind the great wealth equalisation of the 20th century were not wars or the redistributive effects of capital taxation. While these factors had some impact, the most crucial equalisation resulted from expanded wealth ownership among ordinary citizens, particularly through homeownership and pension savings, and the institutional shifts that enabled the accumulation of these assets.

A general lesson from history is that wealth accumulation is a positive, welfare-enhancing force in free-market economies. It is closely linked to the growth of successful businesses, which leads to new jobs, higher incomes and more tax revenue for the public sector. Various historical, social and economic factors have contributed to the rise of wealth accumulation in the middle class, with homeownership and pension savings being the primary ones.

As a closing remark, it should be recognised that the story of wealth equalisation is not one of unmitigated success. There are still significant disparities in wealth within and among nations, generating instability and injustice. Over the past years, wealth concentration has increased in some countries, most notably in the US. The extent to which this is due to productive entrepreneurship generating products, jobs, incomes and taxes, or to forces that exclude groups from acquiring personal wealth causing tensions and erosive developments in society, is a question that needs to be studied more. However, at this point it is still vital to acknowledge the progress toward greater equality that has been made in our past and understand how it has happened. Only then can we be in a stronger position to lay the foundation for further advancements in our quest for a more just and prosperous world.

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Home — Essay Samples — Life — Healthy Lifestyle — Health is Wealth: the Relationship Between Well-being and Prosperity

Health is Wealth: The Relationship Between Well-being and Prosperity

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Published: Sep 1, 2023

Words: 617 | Page: 1 | 4 min read

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The precious asset of well-being, prosperity through productivity, the cost of illness: financial and emotional strain, investing in long-term well-being, in conclusion.

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Health is Wealth Essay For Students and Children in 1000 Words

Here you will read Health is Wealth Essay for students and children in 1000 words. It includes introduction, importance, reasons, tips, 10 lines on maintaining good health.

Table of Contents

Health is Wealth Essay For Students and Children (1000 Words)

The physical, as well as mental well-being of a person, is in a way far more critical than the amount of wealth that he possesses.

You might look healthy and fit, free from diseases, but if you eat junk food, indulge in unhealthy habits or anything else, then you might not be healthy in the long run. 

Also read: Health and Hygiene Essay

Importance of Maintaining Good Health

Depression, anxiety, and mental illness are some problems that an individual might face if his brain is not healthy as per his age. A healthy diet, exercise, and proper sleep are the habits that can help you come out of such issues. 

How to Improve Our Health? – Few Tips

Why is health equals to wealth.

Our good health is far more important to us as compared to the amount of wealth that we possess. Health is the only real wealth that we possess, and we should treasure it.

10 Lines on Health is Wealth

Also read: Speech on Health and Fitness

Being physically and mentally healthy can also motivate us to make targets in life and achieve them with hard work, effort, and dedication.

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• Health is Wealth Essay

Importance of Working Towards Good Health

Health is God’s gift to us. Health refers to the physical and mental state of a human being. To stay healthy is not an option but a necessity to live a happy life. The basic laws of good health are related to the food we eat, the amount of physical exercise we do, our cleanliness, rest, and relaxation. A healthy person is normally more confident, self-assured, sociable, and energetic. A healthy person views things calmly, and without prejudice.

Introduction

“The Dalai Lama, when asked what surprised him most about humanity, answered "Man! Because he sacrifices his health to make money. Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is never going to die, and then dies having never really lived.” This signifies that individuals don’t prioritise their mental health to earn money. Some even work 24 hours a day or seven days a week. 

However, you have the option to remain balanced. So, balance work and fitness daily. Always strive to keep a cheerful as well as a concentrated routine. It is necessary to plan ahead of time. In any case, one must maintain a good mental, bodily, and emotional state, and no professional or counsellor can assist you unless you desire to live. The will to live in the moment and make the most of it awakens the ideal strength within you, and you are the only one who can never let yourself fall apart. 

Importance of Maintaining Health

We live in a super-fast age. The Internet has shrunk the world dramatically and people are connected 24x7. Multitasking is the order of the day, as we struggle to fulfill our responsibilities for everyone in life. In this fight, we often forget to spare time for ourselves. The stress levels continue to build up until one day a major collapse may make us realize that in all this hectic activity, we have forgotten to take care of one important thing – our health.  

As we spend days shuttling between hospital and home, putting our body through one test after another, trying to find out what has gone wrong, we are forced to remember that ‘Health is indeed Wealth’.  

In earlier days, life was very simple. People worked for a stipulated time, often walked everywhere, ate more homemade food, did household chores, and enjoyed a healthy balance in life.  

Now people have cars and bikes to commute, so they walk less. With the demand for more working hours, people are awake till late at night and indulge in more junk food than home-cooked food. Modern equipment at home has reduced the labour work and increased dependency on this equipment.  People don’t have enough time to exercise or even get enough sunlight. Nowadays people are living very unhealthy lifestyles.  

Unhealthy living conditions have increased the contraction of people to various diseases like obesity, diabetes, heart attacks, hypertension, etc. This has alarming implications in the near future. So it is very important to focus on our health as much as we focus on our work. Moderation in food habits, daily exercise, and balanced work-life can surely make a big difference to our health and body. When a person stays mentally and physically fit, his actions and decisions are more practical and logical and hence he is more successful in life. Furthermore, good health has a direct impact on our personality.

It's crucial to consider how much self-control you have to keep a healthy lifestyle. Research reveals that changing one's behaviour and daily patterns are quite tough. According to the data, whether a person has a habit of smoking, drinking alcohol, doing drugs, or any other substance, it is extremely difficult to quit. A study found that 80% of smokers who tried to quit failed, with only 46% succeeding.

Importance of Good Health 

A healthy body has all the major components that help in the proper functioning of the body. The essential component is the state of physical health. Your life term extends when you maintain good physical fitness. If you are committed to exercising with a sensible diet, then you can develop a sense of well-being and can even prevent yourself from chronic illness, disability, and premature death.  

Some of the benefits of increased physical activity are as follows. 

It Improves Our Health

It increases the efficiency of the heart and lungs.

A good walk can reduce cholesterol levels.

Good exercise increases muscle strength.

It reduces blood pressure.

It reduces the risk of major illnesses such as diabetes and heart disease.

Improved Sense of Well-being

It helps in developing more energy.

It reduces stress levels.

Quality of sleep improves.

It helps in developing the ability to cope with stress.

It increases mental sharpness. 

Improved Appearances 

Weight loss contributes to a good physique.

Toned muscles generate more energy.

Improved posture enhances our appearance. 

Enhanced Social Life

It improves self-image

It increases opportunities to make new friends.

It increases opportunities to share an activity with friends or family members. 

Increased Stamina

Increased productivity.

Increased physical capabilities.

Less frequent injuries.

Improved immunity to minor illnesses.

Along with physical fitness, a good mental state is also essential for good health. Mental health means the emotional and psychological state of an individual. The best way to maintain good mental health is by staying positive and meditating. 

However, unlike a machine, the body needs rest at regular intervals. A minimum of six to seven hours of sleep is necessary for the body to function optimally. Drinking plenty of water and a balanced diet is also very important for your body.  If you violate the basic laws of good health, like working late hours, ignoring physical exercise, eating junk food, it will lead to various ailments like hypertension, heart attacks, and other deadly diseases. 

What is National Health Day?

Every year on April 7th, World Health Day is celebrated. The World Health Organization (WHO) hosted the inaugural World Health Day on April 7, 1950, to draw the entire world’s attention to global health. 

Every year, the World Health Organization (WHO) comes up with a new theme for public awareness, such as "Support Nurses and Midwives" in 2020. This supports the situation of COVID-19, where healthcare workers are saving lives day and night without worrying about their health.

The WHO also operates a global health promotion initiative to align equality so that individuals can take control of their lives, "every life matters," and consider their fitness. The government promotes numerous health policies, including food security, workplace quality, and health literacy, in schools, colleges, workplaces, and various community activities. 

Good Health for Children 

Children need to maintain good physical and mental health. With an increase in the pressure of studies and over-indulgence in modern gadgets, children are losing the most precious thing, which is health. These days, they barely play in the playgrounds, they are more inclined towards junk food and spend more time on the screen. These unhealthy activities are slowly sabotaging their health. Parents should concentrate on the physical and mental health of their children, and inculcate good habits for maintaining a healthy lifestyle from a tender age.   

Cleanliness also has a major role to play in maintaining good health. Taking a bath every day, washing hands before eating meals, brushing twice a day, changing clothes regularly, etc. are important habits to maintain good health.  

Society is witnessing gloomy faces as a result of children and their parents' excessive usage of a computer, mobile phone, and the Internet. They are constantly using these technological items, oblivious to the fact that they may harm their health. Teenagers are frequently discovered engrossed in their electronic devices, resulting in mishaps. 

The usage of electronic devices frequently results in anxiety and hostility. Excessive usage of these products has been linked to cancer, vision loss, weight gain, and insomnia. 

Emotional development is another crucial component that should not be disregarded because it determines whether or not a person is healthy. An emotionally healthy person should have a solid sense of logic, realisation, and a realistic outlook. 

Health is Wealth because if we are not healthy then all our wealth, fame and power can bring no enjoyment. Keeping fit and healthy is indeed not an option but a necessity.

FAQs on Health is Wealth Essay

1. Why is Health Considered as Wealth?

Health is wealth because it is one of God’s most precious gift to human beings. Good health refers to a balanced and healthy physical and mental state of an individual. If any individual is not healthy, wealth, fame, and power can bring no enjoyment. So health has more value than materialistic things.

2. When is World Health Day Celebrated?

World Health Day is celebrated on 7th April to raise awareness about health and fitness.

3. How Can You Maintain Good Health?

You can maintain good health by following a balanced and healthy diet. Have a good lifestyle by balancing work and life. You should have a moderate physical fitness regime every day. Go for brisk walks regularly or do other forms of exercise. Also, meditate and be positive to take care of your mental health.

4. Who came up with the phrase "health is wealth"?

Ralph Waldo Emerson, a well-known counsellor and mentor, invented the word.

5. What are the consequences of a man choosing to live an unhealthy lifestyle?

If a man begins to live a lifestyle without a plan or unhealthy manner, he will confront numerous difficulties. He'd be depressed on the inside, untidy and filthy on the outside, and emotionally unstable all the time. A person who lives an unhealthy lifestyle will wake up late at night and early in the morning. Not only would this affect their mental condition, but it would also poison their surroundings. 

There would be a lot of wrath and sadness, and they would have fits from time to time.

Health is Wealth Essay in English [150, 250 words]

Health is Wealth Essay/Speech- Health refers to a person's physical and mental well-being. Staying healthy is not an option; it is a requirement for living a happy life. Get this essay in 150-250 word

Table of Contents

Health is undoubtedly the most important part of a human’s life. The proverb “Health is Wealth” captures a basic reality that is independent of time and place. It emphasizes how important one’s health is as the most precious possession and an incalculable treasure. Health is wealth for a multitude of reasons. Being well enables us to fully enjoy life. We have the vigor and energy to pursue our objectives, spend time with loved ones, and take advantage of everything life has to offer when we are well. In this article, we will learn this concept through an essay. The Health is wealth essay is important for school students and children, as it helps them know how is health important.

Health is Wealth Essay

Health is Wealth: The term Health refers to a person’s physical and mental well-being. Staying healthy is not an option; it is a requirement for living a happy life. The fundamental laws of good health are linked to the foods we consume, the quantity of physical activity we engage in, our hygiene, rest, and relaxation. A healthy individual is more assured, self-assured, gregarious, and lively. A healthy person looks at things calmly and objectively. A person puts his/her health on the line to make money. Then he/she makes a financial sacrifice in order to regain his health. This indicates that people prioritise their financial well-being over their mental health. Some people work around the clock or seven days a week. You do, however, have the choice of remaining balanced. So, daily, strike a balance between job and fitness. Always endeavour to maintain a joyful and focused habit. Planning ahead of time is essential.

Health Is Wealth Quotes

“It is health that is real wealth and not pieces of gold and silver.”

“Physical fitness is the first requisite of happiness.”

                                                – Joseph Pilates.

Essay on Health is Wealth

In any situation, it is necessary to maintain a healthy mental, physical, and emotional state, and no expert or counsellor can help you unless you want to live. You are the only one who can never let yourself fall apart because you want to live in the moment and make the most of it. The Importance of Staying Healthy We live in a fast-paced world. People are connected 24 hours a day, seven days a week thanks to the Internet. As we attempt to fulfil our commitments for everyone in our lives, multitasking is the order of the day. We often forget to take care of ourselves in the midst of the battle.

The stress levels continue to rise until a huge collapse occurs, causing us to realise that in all of our frantic activity, we have neglected to take care of one vital aspect of our lives: our health. We are compelled to remember that ‘Health is Wealth’ while we spend days bouncing between hospital and home, putting our bodies through one test after another, attempting to figure out what’s wrong. Life used to be fairly straightforward. People worked for a certain amount of time, walked everywhere, ate more homemade food, did housework, and maintained a healthy work-life balance. People now travel by vehicle or bicycle, thus they walk less. People are staying awake till late at night due to the desire for longer working hours, and they eat more junk food than home-cooked cuisine. At home, modern equipment has reduced labour effort and increased reliance on this equipment. People do not have enough time to exercise or even to receive adequate sunshine. People nowadays have terribly unhealthy lifestyles. Obesity, diabetes, heart attacks, hypertension, and other ailments have increased as a result of unhealthy living conditions. This has dire consequences in the near future. As a result, it’s critical to prioritise our health alongside our employment. Moderation in eating habits, daily exercise, and a well-balanced work-life can all help our health and bodies. A person’s deeds and actions are more practical and reasonable when he is mentally and physically fit, and he is thus more successful in life. Furthermore, our physical well-being has a direct impact on our personalities. To maintain a healthy lifestyle, you must examine how much self-control you have. According to research, changing one’s behaviour and daily patterns is difficult. According to the statistics, quitting a habit of smoking, drinking alcohol, taking drugs, or using any other substance is exceedingly tough. According to a research, 80% of smokers who attempted to quit failed, with only 46% succeeding.

Health is Wealth Poster

Health is Wealth Expansion of Idea Topic

A healthy body contains all of the major components that aid in the body’s normal functioning. The level of physical health is a critical component. Maintaining a high physical condition allows you to live longer. You can build a sense of well-being and even prevent chronic illness, disability, and early mortality if you are devoted to exercising and eating a healthy diet. The following are some of the advantages of increased physical activity. It Benefits Our Health, It improves the heart and lungs’ efficiency. A good walk can help lower cholesterol. Muscle strength improves with regular exercise. It helps to lower blood pressure. It lowers the risk of serious diseases including diabetes and heart disease. A good workout results in:

• Increased Feelings of Happiness as it aids in the development of more energy and alleviates stress, improves the sleep quality and the development of stress tolerance.
• Better Appearances as a good physique is aided by weight loss, muscles that are toned produce more energy and better posture makes us look better.
• Better Social Life as it boosts self-esteem, increases the likelihood of making new friends and broadens the range of activities that can be shared with friends or family.
• Increased endurance as it increases the productivity and physical abilities, and increases resistance against injuries and minor illness.

A positive mental state is just as important as physical fitness for optimum health. Mental health refers to a person’s emotional and psychological well-being. Staying happy and meditation are the best ways to preserve healthy mental health. The human body, unlike a machine, needs rest at regular intervals. The body needs at least six to seven hours of sleep to function properly. A balanced diet and enough water are also essential for your health. Working late, avoiding physical activity, and eating junk food are all examples of basic health violations that can lead to hypertension, heart attacks, and other serious conditions.

Health is Wealth Paragraph for World Health Day

World Health Day is observed every year on April 7th. The World Health Organization (WHO) sponsored the first-ever World Health Assembly.

On April 7, 1950, the Globe Health Organization (WHO) held the first World Health Day to bring global health to the attention of the entire world. The World Health Organization (WHO) selects a new public awareness subject each year, such as “Support Nurses and Midwives” in 2020. This is consistent with COVID-19’s condition, in which healthcare personnel save lives day and night without regard for their own health. The WHO also runs a global health promotion effort to promote equality so that people can take charge of their lives and consider their fitness, because “every life matters.” In schools, colleges, workplaces, and many community activities, the government promotes a variety of health programmes, including food security, workplace quality, and health literacy.

Health is Wealth Essay in 150 to 250 words

Children’s Well-Being Physical and mental wellness are essential for children. Children are losing their most valuable asset, their health, as a result of increased study pressure and over-indulgence in contemporary technologies. They rarely play in playgrounds these days, preferring junk food and spending more time in front of the television. These bad habits are gradually destroying their health. Parents should focus on their children’s physical and mental health from an early age, instilling positive habits for living a healthy lifestyle. The importance of cleanliness in preserving good health cannot be overstated. Bathing every day, washing hands before meals, brushing twice a day, and changing clothes on a regular basis are all good habits to develop.

Children and their parents’ excessive use of a computer, cell phone, and the Internet has resulted in sad faces in society. They are continually using these electronic devices, completely oblivious to the idea that they may be hazardous to their health. Teenagers who are immersed on their electronic devices are regularly detected, resulting in disasters. Anxiety and animosity are typically associated with the use of technological devices. Cancer, vision loss, weight gain, and insomnia have all been related to excessive use of these products. Emotional development is another important factor to consider because it influences whether or not a person is healthy. A person who is emotionally healthy should have a strong sense of reasoning, awareness, and a realistic attitude.

Health is considered to be the Wealth due to various reasons. One of the key reasons for being healthy is that  if we are not well, we cannot enjoy our wealth, fame, or power. Keeping active and healthy is no longer a choice, but rather a must.

Health is Wealth Essay in Hindi

स्वास्थ्य शब्द का तात्पर्य व्यक्ति के शारीरिक और मानसिक कल्याण से है। स्वस्थ रहना कोई विकल्प नहीं है; सुखी जीवन जीने के लिए यह एक आवश्यकता है। अच्छे स्वास्थ्य के मूलभूत नियम हमारे द्वारा खाए जाने वाले खाद्य पदार्थों, हमारे द्वारा की जाने वाली शारीरिक गतिविधि की मात्रा, हमारी स्वच्छता, आराम और विश्राम से जुड़े हुए हैं। एक स्वस्थ व्यक्ति अधिक आश्वस्त, आत्मविश्वासी, मिलनसार और जीवंत होता है। एक स्वस्थ व्यक्ति चीजों को शांति और निष्पक्षता से देखता है। पैसा कमाने के लिए इंसान अपनी सेहत को दांव पर लगा देता है। फिर वह अपने स्वास्थ्य को पुनः प्राप्त करने के लिए एक वित्तीय बलिदान करता है। यह इंगित करता है कि लोग अपने मानसिक स्वास्थ्य पर अपने वित्तीय कल्याण को प्राथमिकता देते हैं। कुछ लोग चौबीसों घंटे या सप्ताह के सातों दिन काम करते हैं। हालाँकि, आपके पास संतुलित रहने का विकल्प है। इसलिए रोजाना नौकरी और फिटनेस के बीच संतुलन बनाएं। हमेशा एक हर्षित और केंद्रित आदत बनाए रखने का प्रयास करें। समय से पहले योजना बनाना आवश्यक है।

स्वास्थ्य धन है उद्धरण

“स्वास्थ्य ही वास्तविक धन है न कि सोने और चांदी के टुकड़े।”

“शारीरिक फिटनेस खुशी की पहली आवश्यकता है।”

— जोसेफ पिलेट्स.

स्वास्थ्य ही धन है लघु निबंध/भाषण

किसी भी स्थिति में, स्वस्थ मानसिक, शारीरिक और भावनात्मक स्थिति बनाए रखना आवश्यक है, और कोई भी विशेषज्ञ या परामर्शदाता तब तक आपकी मदद नहीं कर सकता जब तक आप जीना नहीं चाहते। आप अकेले हैं जो कभी भी खुद को अलग नहीं होने दे सकते क्योंकि आप पल में जीना चाहते हैं और इसका अधिकतम लाभ उठाना चाहते हैं। स्वस्थ रहने का महत्व हम तेजी से भागती दुनिया में रहते हैं। लोग इंटरनेट की बदौलत सप्ताह के सातों दिन चौबीसों घंटे जुड़े रहते हैं। जैसा कि हम अपने जीवन में सभी के लिए अपनी प्रतिबद्धताओं को पूरा करने का प्रयास करते हैं, मल्टीटास्किंग दिन का क्रम है। हम अक्सर लड़ाई के बीच अपना ख्याल रखना भूल जाते हैं।

तनाव का स्तर तब तक बढ़ता रहता है जब तक कि एक बड़ा पतन नहीं हो जाता, जिससे हमें पता चलता है कि हमारी सभी उन्मत्त गतिविधियों में, हमने अपने जीवन के एक महत्वपूर्ण पहलू की देखभाल करने की उपेक्षा की है: हमारा स्वास्थ्य। हम यह याद रखने के लिए मजबूर हैं कि ‘स्वास्थ्य ही धन है’ जबकि हम अस्पताल और घर के बीच उछलते-कूदते दिन बिताते हैं, अपने शरीर को एक के बाद एक परीक्षण के माध्यम से यह पता लगाने का प्रयास करते हैं कि क्या गलत है। जीवन काफी सीधा हुआ करता था। लोगों ने एक निश्चित समय के लिए काम किया, हर जगह घूमे, घर का बना खाना खाया, घर का काम किया, और एक स्वस्थ कार्य-जीवन संतुलन बनाए रखा। लोग अब वाहन या साइकिल से यात्रा करते हैं, इसलिए वे कम चलते हैं। अधिक काम करने की चाहत के कारण लोग देर रात तक जागते रहते हैं और घर के बने खाने से ज्यादा जंक फूड खाते हैं। घर पर, आधुनिक उपकरणों ने श्रम प्रयास को कम कर दिया है और इस उपकरण पर निर्भरता बढ़ा दी है। लोगों के पास व्यायाम करने या पर्याप्त धूप पाने के लिए भी पर्याप्त समय नहीं है। आजकल लोगों की लाइफस्टाइल बेहद खराब है। मोटापा, मधुमेह, दिल का दौरा, उच्च रक्तचाप और अन्य बीमारियाँ अस्वस्थ रहने की स्थिति के परिणामस्वरूप बढ़ गई हैं। निकट भविष्य में इसके गंभीर परिणाम होंगे। नतीजतन, हमारे रोजगार के साथ-साथ हमारे स्वास्थ्य को प्राथमिकता देना महत्वपूर्ण है। खाने की आदतों में संयम, दैनिक व्यायाम और एक संतुलित कार्य-जीवन सभी हमारे स्वास्थ्य और शरीर की मदद कर सकते हैं। एक व्यक्ति के कर्म और कार्य तब अधिक व्यावहारिक और उचित होते हैं जब वह मानसिक और शारीरिक रूप से स्वस्थ होता है और इस प्रकार वह जीवन में अधिक सफल होता है। इसके अलावा, हमारी शारीरिक भलाई का हमारे व्यक्तित्व पर सीधा प्रभाव पड़ता है। एक स्वस्थ जीवन शैली को बनाए रखने के लिए, आपको यह जांचना होगा कि आपके पास कितना आत्म-नियंत्रण है। शोध के अनुसार, किसी के व्यवहार और दैनिक पैटर्न को बदलना मुश्किल है। आंकड़ों के अनुसार, धूम्रपान, शराब पीने, ड्रग्स लेने या किसी अन्य पदार्थ का उपयोग करने की आदत छोड़ना बेहद कठिन है। एक शोध के अनुसार, धूम्रपान छोड़ने का प्रयास करने वाले 80% धूम्रपान करने वालों में विफल रहे, केवल 46% सफल हुए।

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Health is Wealth Essay in English: QNAs

Sharing is caring!

Q. What is the essay of health is wealth?

Ans. Read this above article to know 'Health is Wealth is a famous saying that refers to the importance of health to us and reveals that health is Wealth.

Q. What health is wealth?

Ans. Health is Wealth is a state of well-being, free from disease or diseases, both physical and mental.

Q. What is the importance of health is wealth?

Ans. The importance of Health is Wealth is to avoid having to pay hefty medical bills.

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• Health is Wealth

Health is Wealth Essay

500+ words essay on health is wealth.

The proverb ‘Health is Wealth’ is highly popular, indicating the significance of “Health” to us. However, the proverb’s true meaning is lost now, as many believe that just being free of any illness makes for a healthy life. But, that’s not all that good health is all about. A person has to be fit not just physically but mentally as well, to be known as completely healthy. Other aspects adding to it are emotional and social health, as well. This “Health is Wealth Essay” is an essential topic for essay writing, and students can read on to know how to score well in English essays.

Essay on Health is Wealth Proverb In English

A definition of health includes your physical, mental, emotional and social well-being. To maintain a healthy lifestyle, you will have to follow these tips given in the health is wealth paragraph below.

Vital Aspects of a Health is Wealth Lifestyle

You need to understand that to write an essay on “Health Is Wealth”, you need to include the below-given points.

• Consistent habit and a disciplined life helps to maintain a healthy lifestyle
• Enhancing your appearance helps to boost your confidence and mental health
• Exercise helps to burn out extra fat and keeps you happy
• Strengthen your immune system so that you don’t fall ill often
• Cleanliness is another factor that adds to a healthy lifestyle
• Clean surroundings help to avoid the risk of infectious diseases
• Taking proper rest is another factor that allows us to lead a healthy lifestyle

Advantages of a Healthy Lifestyle

Having a healthy lifestyle is the key to being happy. It also helps to motivate you to achieve higher targets. Meanwhile, all the luxuries in this world are useless if you do not get well soon. While money may buy you good things in life, it does not guarantee a healthy life for you. You are solely responsible for that. You should also avoid junk food if you wish to lead a very healthy, happy life. Undue stress should also be avoided. One main advantage of leading a healthy habit is that it brings positivity to your life, leading to longevity and success. It is imperative to balance your life and work to attain a healthy lifestyle, free from mental stress .

Thus, we can see that maintaining a healthy and active mind and body is the key to balancing your daily activities. Meanwhile, the greed for luxury and wealth creation has also resulted in health-related issues for many. Being able to stay fit and healthy is indeed a blessing. Tips to attain this are discussed here in this ‘Health is Wealth’ essay in English.

Read more: Independence Day Essay | Women Empowerment | Essay On Constitution of India

Frequently Asked Questions on Health is wealth Essay

What is the meaning of the phrase ‘health is wealth’.

It refers to the fact that the health of a person is the most valuable and precious thing he can have.

How to stay healthy?

You can maintain your health by exercising regularly, eating homemade and balanced food, avoiding saturated fats and relaxing your mind by focusing on living stress-free.

What are the benefits of a healthy lifestyle?

Benefits of a healthy lifestyle are decreased risk of illness, higher immunity, stress-free life and a positive mindset.

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How to Build Wealth When You Don’t Come from Money

• Anne-Lyse Wealth

You are worthy of wealth, despite the systems designed to keep it from you.

The first step to attaining wealth — at least for people who are not born into it — is much more personal than building millionaire habits or investing wisely. Such approaches often fail to address the systemic and mental barriers faced by many of the marginalized groups who grew up without access to wealth. The author argues that changing your mindset, or building a mindset conducive to wealth, is the real first step.

• To start, let go of limiting beliefs. When you grow up lacking money or the resources to make enough of it, thinking that there is a shortage of resources, or watching people around you live paycheck to paycheck, you may be more likely to believe that wealth is reserved for a select few.
• To overcome this mindset, and believe that you deserve abundance, practice thought work on a daily basis. This is the act of consciously paying attention to your thoughts and then choosing to entertain different ones instead.
• Next, accept that money can do as much good as it can evil. Don’t let fear stop you from pursuing wealth, or the kind of paycheck you need to support you and what you want to accomplish in your lifetime.
• Finally, understand that a high income is not enough. Building wealth requires being intentional about managing your expenses — and, yes, investing. Investing is for everyone and it can help even the playing field.

Do you want to be a millionaire? Most people probably do — but it is, famously, not an easy pursuit. The growing wealth gap between the rich and the poor makes it seem impossible for most of us.

• Anne-Lyse Wealth is a writer, personal finance educator, and certified public accountant. She is the founder of Dreamoflegacy.com , a platform dedicated to inspiring millennials to build wealth with purpose, and the ALW Communications Agency . She is the author of Dream of Legacy, Raising Strong and Financially Secure Black Kids and the host of The Dreamers Podcast .

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Health is Wealth Essay

‘Health is Wealth’ is a famous saying that refers to the importance of health to us and reveals that health is wealth. If we are not healthy (do not feel in the state of physical, mental and social well being), wealth means nothing to us. So, our health is a real wealth; we should always try to be healthy.

Long and Short Essay on Health is Wealth in English

Health is wealth essay 1 (100 words).

It is very true that Health is Wealth. As, it is only our good health which stay with us in any bad or good circumstances. Nobody in this world can help us in bad times. So, if our health is good, we can bear any bad circumstances in our life. If one is not healthy, he/she would definitely suffer health related or other difficulties in life instead of enjoying the life. In order to maintain a good health we need to eat balanced food, daily mild exercises, fresh air, clean water, maintain good posture, enough sleep and rest, maintain cleanliness, regular medical check-ups, follow our elders, parents, and teachers etc.

Health is Wealth Essay 2 (150 words)

The common saying Health is Wealth fits to everyone’s life. Good health is the real wealth means money which has capability to help us always. Good health is most important part of our life without which we are incomplete and living unhealthy life. Good health is really better than wealth and other things in this whole world.

For getting fit we need to maintain standard and healthy eating. We should follow the regime like “Early to bed and early to rise makes a man healthy wealthy and wise”, “Time and Tide waits for none”, etc. We should brush our teeth daily two times a day to keep our mouth clean and free of diseases. We should clean our hand with soap and water every time before eating food. We should maintain our good personal hygiene in order to get healthy. We should daily take bath with fresh water and go for morning walk to have some fresh air.

Health is Wealth Essay 3 (200 words)

As we all know about the popular and common saying that “Health is Wealth”. It is as true as our life. Good health keeps us always happy and gives us feeling of complete physical, mental, social and intellectual well-being. A good health keeps us away from the diseases and health disorders. The loss of good health causes loss of all the happiness. A great freedom fighter, Mahatma Gandhi (also called Bapu) has said that “It is health which is real wealth, and not pieces of gold and silver”.

A good health helps us to life a good, balanced and healthy life. Our good health needs several things to get done on daily basis. We need fresh air, clean water, proper sunlight, balanced diet, away from junk food, clean and healthy atmosphere, greenery environment, morning walk, personal hygiene, proper education, etc.

Healthy food at proper time is very necessary for the healthy body which is possible only through the well balanced diet. It promotes the proper growth and development of our body which keeps us mentally, physically and socially healthy. With the help of our good health we can fight any bad situations in the life. We should always remember that we need proper food, water, air, physical activity, sleep and rest on daily basis.

Health is Wealth Essay 4 (250 words)

The meaning of most common saying “health is wealth” is very simple and easy. It means our good health is the real wealth of our life which gives us good physique and mind and enables us to enjoy whole life by managing its all challenges. Good health promotes a good mental, physical and social health. I completely agree with this saying that health is actually a true wealth as it helps us at all. A good health keeps us away from the metal and physical disabilities as well as other medical conditions including cancer, diabetes, heart disease, fatal diseases, etc.

A physically or internally unfit person has to face lot of challenges in the whole life even she/he has to be depend on someone else for performing daily basic needs. This situation is quite embarrassing for one who faces it. So, it is good at all to maintain a good health forever to be happy forever without anyone’s help. It is true that to maintain a good health we need money and to earn money we need good health. But it is also true that without money we can live life and without a good health we cannot live life happily. Because our good health helps us all the time and encourages us to do something better in our life, instead of earning money only.

In such a busy life and polluted environment, it is very hard for everyone to maintain a good health and live healthy life. It needs a careful watch and regular medical check-up to get healthy.

Health is Wealth Essay 5 (300 words)

Now-a-days, a good health is just like a boon given by the God. It is very fact that good health is real money of life. Good health is considered as the precious earning of a human throughout his/her life. If one has losses his health, he has lost all the charms of life. A good wealth can be earned anytime using a good health however; a good health can never be earned again in the life if once destroyed. In order to maintain a good health we need to do regular physical exercises, yoga, meditation, balanced food, good thoughts, cleanliness, personal hygiene, regular health check-ups, proper sleep, rest, etc. If one is healthy, he/she does not need spend money on his/her health in buying medicines or visiting doctors. A healthy person just needs to spend some money only on his health on regular basis. However, on the other hand a lazy, diseased or sluggish person needs to spend more money throughout his life.

People generally become fail in their life to maintain a good health just because of their lazy and idle habits. They think that what they are doing is right but time has already gone whenever they understand their mistakes. A good health is one which keeps us healthy in all aspects like mentally, physically, socially and intellectually. A good health provides us freedom from all the sickness and diseases. A good health is the feeling of mental, physical and social well being. It is a costly and most precious gift of the life and necessary for living a purposeful life.

A good health allows us to work for more time without getting tired. A good health is the real pleasures and charm of life. An unhealthy person always worries about his/her physical or physiological complications. So, it is good to maintain the good health to get rid of all the complications of body as well as successfully face all the challenges of life.

Health is Wealth Essay 6 (400 words)

As we all live in super-fast, crowded and busy time period. We have to perform multiple tasks throughout the day in order to earn more money however we forget that good health is as necessary for our healthy life as air and water for the body. We forget to take proper food in timely manner, daily exercises, proper rest, etc to just earn some false wealth. We should never forget that our health is a real wealth of the life. It is true for all that Health is Wealth.

A good health reduces the stress level and promotes healthy life without any sufferings. We should always be aware of our health and go for regular health check-up. We should eat balanced food having fresh fruits, salad, green leafy vegetables, milk, egg, dahi, etc in timely manner in order to maintain the good health. A good health also need some daily physical activities, proper rest and sleep, cleanliness, healthy environment, fresh air and water, personal hygiene, etc. In order to reduce our rush between hospital and home, maintain a good health is better idea. Maintaining a good health is a good habit which should be practiced from childhood with the help of parents.

In earlier days, life was not so hectic. It was quite simple and free of too many challenges with healthy environment in comparison to these days. People were healthy as they had to perform all the daily routine activities by their own hand and body. But now, life in the technological world has become easy and comfortable but hectic because of the competitions. Now-a-days, easy life is not possible as everyone wants to earn more money to get better life than others. Now-a-days, living life has become costly and tough as well as unhealthy as everything like air, water, environment, food, etc has become contaminated, infected and polluted.

People have to work for at least 9 to 10 hours in the offices by just sitting on the chair without any physical movement. They come to home in the late evening or night and become too tired to perform any household work or exercise. Again in the morning they get up late from bed and do some necessary works like bath, brush, breakfast, etc and go to their office. In this way, they live their daily routine only to earn money and not their life for themselves. It is very necessary to earn money for fulfilling some basic needs however, it is also necessary to live a healthy and peaceful life which needs a good health.

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English that goes straight to the heart

Health is Wealth Essay in English

An essay is a piece of writing that revolves around a particular theme and contains the academic opinions of the person writing it. A basic essay mainly consists of three parts: Introduction, Body, and Conclusion.

It is said that “A healthy man is a wealthy one”. But man needs to keep his body and mind fit and healthy. ‘Health is Wealth Essay in English’ will tell you everything you want to know about health.

Health is Wealth Essay in English (900+ Words)

Taking care of our health is crucial for leading a prosperous life. Unlike other creatures, humans are known for their exceptional intelligence, which allows them to control nature. However, our mental and physical well-being must be maintained to stay fit and healthy. It is said that “Health is wealth,” as regular exercise helps us stay fit and keeps our minds sharp. Good health ensures a lively and active mind and affects our emotional well-being.

Recent studies indicate that the fast-paced lifestyle of today’s world has resulted in various health problems, such as heart and neurological disorders. Maintaining good health enables us to maintain a positive outlook on work and life in general.

Regardless of the difficulties and obstacles we face, life should be lived happily and positively. To enjoy life’s pleasures, we need the energy and enthusiasm that only a healthy body can provide.

Maintaining good health for children begins from their infancy and relies heavily on the health of their mother and the cleanliness of their environment. A balanced diet containing essential nutrients is crucial for both the mother and the baby. It’s vital to prevent serious diseases like polio, diphtheria , and typhoid to keep children healthy.

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Parents cherish their children and hope for their physical and mental growth. While it’s their primary responsibility to care for their children, everyone else is equally responsible for ensuring their good health. Children are the future of the country and society, so it’s essential to provide them with adequate care.

A healthy child grows into a healthy adult. A well-rounded development during childhood lays the foundation for their future capabilities and contributions to society. Therefore, it’s beneficial for educators, neighbors, friends, athletes, teachers, physical and mental trainers, the media, social workers, doctors, and gymnasts to play an active role in inspiring children toward good health.

In school, children have the opportunity to develop both their physical and mental capabilities. Good health has always been essential, but it’s even more critical in this competitive age where modern requirements demand it. Nowadays, life is fast-paced and stressful, starting from an early age.

The educational curriculum is extensive, and children are expected to meet high standards, with competitions becoming more challenging every day. Under these conditions, students need to study hard and sit in the classroom for long periods. Therefore, educational institutions should prioritize physical exercise and entertainment programs for students to learn well and maintain good health.

A good school or educational institution is one that provides students with adequate facilities for sports and other activities that promote physical exercise and entertainment. After long periods of mental work, students need outdoor exercise to refresh their minds.

A young person with a good academic record and sound health is more likely to achieve their goals in life, regardless of their chosen career. Good education and good health enable people to face challenges with confidence, leading to progress and the desired outcome.

Having good health is essential for better performance and outcomes in life, regardless of the profession one belongs to. Both physical and mental health are equally significant in this regard. Everyone should prioritize taking care of their health to become a result-oriented individual.

Even an unskilled person can manage their job well with the help of good health. We can observe several physically fit individuals working on farms all day, using their energy to earn a living for themselves and their families. This gives them mental satisfaction and a restful night’s sleep. Furthermore, a physically strong and intelligent person can provide better assistance to society and gain appreciation from others.

Several professions require good health as the primary eligibility criterion. A well-built and mentally fit individual can perform better in the armed forces, paramilitary, police, and other similar forces. We have seen numerous individuals in these forces decorated with awards for their extraordinary performance and heroic acts under incredibly challenging conditions.

There are several job opportunities available for healthy individuals. Even in the private sector, where professional skill is the primary criterion, companies seek individuals with a strong and healthy appearance. Good health has extraordinary value everywhere, and it pays off for an individual throughout their life.

When a person’s mind is filled with disappointment and negativity, it shows on their face. On the other hand, a healthy mind with positive thoughts brings a sparkle to their face. The connection between the mind and body is strong, and they continuously influence each other. If not controlled, they can trigger a cycle of reactions.

Good health is valuable and should be improved, especially in areas where people are suffering due to the lack of healthcare facilities. In many rural areas, hospitals run without doctors and medicines, and people with multiple diseases or injuries do not receive proper treatment. The cost of treatment in private hospitals for major diseases is too high for poor people to afford.

Improving healthcare facilities alone cannot solve the issue. People need to be aware of the importance of regular physical exercise for sound health and efficiency at work. Joining gymnasiums and yoga camps can also help improve health. This can inspire others to adopt healthy habits and stay disease-free.

If a person can free their mind from negative thoughts like self-indulgence, they can motivate themselves to improve their body. This can help them overcome illnesses that have psychological origins. Good health can lead to a better mind.

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Health is wealth essay

Health is wealth essay in english for students and children.

It is health that is real wealth and not pieces of gold and I silver.” – Mahatma Gandhi

Introduction Health is wealth

Health is Wealth – is a very popular and a common saying. It is as true as our life. We know that wealth never comes on its own. One has to exert day and night to earn wealth. So is true of good health, as it is considered a ‘wealth’- it has to be earned as well.

Importance Of Health

The greatest wealth is our own health. A healthy body can earn great wealth but, a wealthy person cannot earn great health. We live in a fast moving world where individuals have no time for themselves. Most part of the life withers away in search of materialistic wealth in order to outshine others but, en route they lose their health. 

People eat junk foods and other unhealthy food items just for taste. They don’t even have time to nourish their bodies with the required diet. A good and balanced diet reduces the stress level and promotes healthy life without any sufferings. Thus, it stands for utmost importance to individuals to analyse the significance of a healthy body.

Important for Maintaining Good Health

To maintain good health we need to be exposed to a pollution free environment with fresh air, water and sun light . We need to consume a balanced diet, keep ourselves away from junk food, do regular exercise, follow personal hygiene etc. Above all we must lead a simple life with a motto of “early to bed and early to rise makes one healthy, wealthy and wise.”

Another factor that helps one to maintain good health is the feeling of happiness and well being from within the inner self . A happy mind helps in the total physical, mental, social and intellectual well being of a person. Therefore it is very important to be happy for being healthy.” “ Laughter is the best medicine “, so it is always feather in the can to maintain good health.

Key Elements Of A Healthy Lifestyle

A healthy diet is one that helps to maintain or improve overall health. We should consume a balanced diet consisting of essential nutrition: liquids, adequate proteins, essential fatty acids, vitamins, minerals, and calories . We must eat fresh fruits , salad, green leafy vegetables, milk, egg, yoghurt, etc . 

on time in order to maintain a healthy body. A healthy body also needs some daily physical activities, proper rest and sleep, cleanliness, healthy environment, fresh air and water, personal hygiene , etc. Also, we should drink more water at least 7-8 glasses of water . It balances blood pressure and supplies vital nutrients very fast to the body. A fit and healthy person becomes more resistant to infections and diseases.

Is Wealth Matters

Wealth matters however, not as important as health. Spending lots of money on junk food in five star hotels or on other entertainment sources like watching movie for a day etc. doesn’t have any benefits other than self enjoyment. Being physically and mentally healthy helps a person to be socially and financially healthy too. A healthy person becomes more active, lively and energetic and works with full efficiency however, a rich but diseased person gets easily tired and eventually losses the wealth of lifetime i.e. health.

A healthy person can earn lots of money however an unhealthy person cannot because of the lack of motivation, interest and concentration level. Money is the source to live a healthy life however good health is the source to live a happy and peaceful life. So, everyone should take much precaution in maintaining a good health. Everyone should be away from bad habits and unhealthy life style. Being healthy is not only the state of being free of disease, illness or injury but also being happy physically, mentally, socially, intellectually and financially. Good health is actual necessity of happy life and the biggest blessing from the nature.

Health is wealth conclusion

The loss of good health causes loss of happiness. Mahatma Gandhi said, “It is health which is real wealth and not pieces of gold and silver.” Therefore instead of striving for real gold and silver, we must strive for good health, so that we may live happily.

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Health is Wealth Essay for Students in English | 500 Words Essay

December 10, 2020 by Sandeep

Health is Wealth Essay: Health and wealth are interconnected in a manner. Investing in your health today will help you in the future. When you lead a healthy lifestyle, you automatically spend less money on clinic visits and medicines. You get to spend more quality time with your loved ones. You are youthful despite your age. Money can surely give you luxury, but it cannot buy you health. Good health is like a treasure box filled with valuable items. Therefore, we must be responsible for our well-being. This way we can keep ourselves and our surroundings happy.

Below we have provided Health is Wealth Essay in English, written in easy and simple words for class 3, 4, 5, 6, 7, 8, 9 and 10 school students.

Health is Wealth Essay in 500 Words

We have all heard the proverb “Health is Wealth”. Ralph Waldo Emerson quoted this. He was the first person to understand how important health is in our life. But very often people do not understand the depth of these words. The real meaning behind this saying is health is the most valuable asset. It determines whether you will live long to accumulate a lifetime worth of wealth. Wealth does not always mean money. It signifies a state of well-being and happiness.

If you are physically fit and healthy, you will be able to earn. Even after knowing all these things, we choose to lead an unhealthy life. We take the concept of health for granted. However, it is time we pay heed to our thoughts and start taking it seriously. Health is the key to a peaceful life devoid of any pain or suffering. It refers to an individual’s overall well-being. To be able to live, you need to have good health, and to maintain good health, one needs to have a healthy lifestyle.

This can be achieved by making habits and following a routine. Exercise, a balanced diet , and sleep are some of the essentials you need for a healthy body and mind. A person with good health can conquer all battles. Good health is a blessing, and it only brings positivity in our lives.

Value of leading a Healthy Lifestyle

Good health is a luxury in itself. We do not realize how privileged we are to be able to lead a healthy lifestyle . Some people cannot afford it. Throughout the day, we are indulged in our activities without worrying about clinic visits.

A person with poor health not only suffers physically but also loses his/her peace of mind. The regular medical attention that is required can drain your mental peace. When you have a fit mind and a healthy body, you can find the motivation to achieve your goals. You can enjoy life to its fullest.

You get to spend time with your friends and families. This also impacts your surroundings. Everything feels positive and happy. This proves the above-mentioned saying. You can live without money, but you cannot live without good health. Life is full of surprises. Some days are good and some days are bad. Good health gives you the capability to fight against all the odds and succeed in life. It encourages you to fight the challenges. It enables you to work hard.

Health has a great role to play in our emotional state of mind. Mental health is equally as important as physical health. You might not have a huge bank balance, but if you are healthy, you will always have a sound sleep. Many people in our world are rich, but they lead a life full of anxiety.

How do you lead a Healthy Lifestyle?

If you want to maintain a healthy lifestyle, you need to be consistent in your habits. You also need to be disciplined to follow your routines. We have mentioned a couple of things which will help you achieve this.

• The first habit you need to adopt is daily exercise. Physical fitness is really important for your strength of body and mind. It helps you gain confidence and makes you a stronger individual. Investing ten minutes to go for a walk or to climb up and down the stairs can be helpful.
• Yoga and meditation can also work wonders. They not only bring inner peace but also benefit your overall health. Spending time outside in the presence of nature can relieve stress. They work wonders on people suffering from depression and anxiety.
• Keeping your body hydrated is a must. We should drink seven to eight glasses of water throughout the day. This is beneficial for our internal organs and also for our skin.
• A balanced meal is greatly required for leading a healthy life. Our entire metabolism depends on it. You should eat fresh fruits and green vegetables. You should also include supplements of high protein, vitamins, and minerals in your diet. Nutritious food helps you fight against diseases.
• Skipping meals is not a good practice. Avoid excessive dieting. People these days tend to strain themselves with extreme diets. This may lead to heavyweight loss and severe conditions like anorexia.
• Avoid consuming alcohol, cigarettes or drugs. They take a toll on your mental health and can also destroy your lungs and liver.
• Good hygiene is equally important. Living in an unhealthy environment lowers your immunity and makes you prone to ailments. Thus, cleanliness is vital for maintaining a healthy life. An adequate amount of sleep is required for our body to function properly. You must sleep at least six to eight hours a day.
• Do not over stress yourself. You must socialise with your friends and family. When you feel anxious, talking about it helps. It keeps your mind calm and makes you relaxed.
• Visiting a doctor for a timely medical checkup is important. Try to fix an appointment every two to three months. This will ensure your health is on the check and will prevent health ailments.

Alan Watts on Money vs. Wealth

By maria popova.

Watts writes:

Civilization, comprising all the achievements of art and science, technology and industry, is the result of man’s invention and manipulation of symbols — of words, letters, numbers, formulas and concepts, and of such social institutions as universally accepted clocks and rulers, scales and timetables, schedules and laws. By these means, we measure, predict, and control the behavior of the human and natural worlds — and with such startling apparent success that the trick goes to our heads. All too easily, we confuse the world as we symbolize it with the world as it is.

Among our most toxic symbol-as-reality tricks springs from the concept, use, and pursuit of money:

Money is a way of measuring wealth but is not wealth in itself. A chest of gold coins or a fat wallet of bills is of no use whatsoever to a wrecked sailor alone on a raft. He needs real wealth, in the form of a fishing rod, a compass, an outboard motor with gas, and a female companion. But this ingrained and archaic confusion of money with wealth is now the main reason we are not going ahead full tilt with the development of our technological genius for the production of more than adequate food, clothing, housing, and utilities for every person on earth.

Watts goes on to make a prediction — idealistic at the time, bittersweetly naive in retrospect — that “if we get our heads straight about money,” by the year 2000 “no one will pay taxes, no one will carry cash, utilities will be free, and everyone will carry a general credit card.” It’s worth noting that while some of it came true, and some might soon as we shift away from traditional currency, we have simply replaced one monetary currency with another, rather than evolving to embody Watts’s vision of redefining wealth altogether. He returns to the vital distinction:

Money is a measure of wealth, and we invent money as we invent the Fahrenheit scale of temperature or the avoirdupois measure of weight… By contrast with money, true wealth is the sum of energy, technical intelligence, and raw materials.

Considering the question of the national debt — “a roundabout piece of semantic obscurantism” — Watts argues that we go into debt, as individuals and as nations, precisely because we confuse money with wealth, the worst symptom of which is war:

No one goes into debt except in emergency; and therefore, prosperity depends on maintaining the perpetual emergency of war. We are reduced, then, to the suicidal expedient of inventing wars when, instead, we could simply have invented money — provided that the amount invented was always proportionate to the real wealth being produced… If we shift from the gold standard to the wealth standard, prices must stay more or less where they are at the time of the shift and — miraculously — everyone will discover that he has enough or more than enough to wear, eat, drink, and otherwise survive with affluence and merriment.

And yet, Watts recognizes, there is enormous cultural resistance to such an awareness, one reinforced by our material monoculture :

It is not going to be at all easy to explain this to the world at large, because mankind has existed for perhaps one million years with relative material scarcity, and it is now roughly a mere one hundred years since the beginning of the industrial revolution. As it was once very difficult to persuade people that the earth is round and that it is in orbit around the sun, or to make it clear that the universe exists in a curved space-time continuum, it may be just as hard to get it through to “common sense” that the virtues of making and saving money are obsolete.

Understanding the distinction between money and wealth, Watts argues, would help us realize that “there are limits to the real wealth that any individual can consume” — that we can’t really “drive four cars at once, live simultaneously in six homes, take three tours at the same time, or devour twelve roasts of beef at one meal.” Acknowledging the semi-serious facetiousness of this picture, he writes:

I am trying to make the deadly serious point that, as of today, an economic utopia is not wishful thinking but, in some substantial degree, the necessary alternative to self-destruction. The moral challenge and the grim problem we face is that the life of affluence and pleasure requires exact discipline and high imagination.

Reflecting on how easily we become habituated to comfort, affluence, and pleasure, Watts echoes Bertrand Russell’s lament — “What will be the good of the conquest of leisure and health, if no one remembers how to use them?” — and notes:

Affluent people in the United States have seldom shown much imagination in cultivating the arts of pleasure.

He paints an alternative picture for cultivating the art of leisure in its proper form — an idea glimmers of which we begin to see in the groundswell of today’s maker culture:

A leisure economy will provide opportunity to develop the frustrated craftsman, painter, sculptor, poet, composer, yachtsman, explorer, or potter that is in us all — if only we could earn a living that way. Certainly, there will be a plethora of bad and indifferent productions from so many unleashed amateurs, but the general long-term effect should be a tremendous enrichment of the quality and variety of fine art, music, food, furniture, clothing, gardens, and even homes — created largely on a do-it-yourself basis.

And yet what prevents us from truly cultivating such an economy is a fundamental disconnect. He admonishes:

Here’s the nub of the problem. We cannot proceed with a fully productive technology if it must inevitably Los Angelesize the whole earth, poison the elements, destroy all wildlife, and sicken the bloodstream with the promiscuous use of antibiotics and insecticides. Yet this will be the certain result of the technological enterprise conducted in the hostile spirit of a conquest of nature with the main object of making money.

While this problem has been tragically exacerbated since Watts’s day, it’s worth remembering that our choices — our individual, everyday choices — matter . But equally important, Watts points out, are the choices made by those who hold power in the world, both commercial and political. Noting that “many corporations — and even more so their shareholders — are unbelievably blind to their own material interests,” Watts writes:

It is an oversimplification to say that this is the result of business valuing profit rather than product, for no one should be expected to do business without the incentive of profit. The actual trouble is that profit is identified entirely with money, as distinct from the real profit of living with dignity and elegance in beautiful surroundings… To try to correct this irresponsibility by passing laws (e.g., against absentee ownership) would be wide of the point, for most of the law has as little relation to life as money to wealth. On the contrary, problems of this kind are aggravated rather than solved by the paperwork of politics and law. What is necessary is at once simpler and more difficult: only that financiers, bankers, and stockholders must turn themselves into real people and ask themselves exactly what they want out of life — in the realization that this strictly practical and hard–nosed question might lead to far more delightful styles of living than those they now pursue. Quite simply and literally, they must come to their senses — for their own personal profit and pleasure.

What it takes to return to our senses, Watts argues, is to reconsider our illusion of the separate ego and acknowledge our interconnectedness with the world in all its material and metaphysical manifestations:

Coming to our senses must, above all, be the experience of our own existence as living organisms rather than “personalities,” like characters in a play or a novel acting out some artificial plot in which the persons are simply masks for a conflict of abstract ideas or principles. Man as an organism is to the world outside like a whirlpool is to a river: man and world are a single natural process, but we are behaving as if we were invaders and plunderers in a foreign territory. For when the individual is defined and felt as the separate personality or ego, he remains unaware that his actual body is a dancing pattern of energy that simply does not happen by itself. It happens only in concert with myriads of other patterns — called animals, plants, insects, bacteria, minerals, liquids, and gases. The definition of a person and the normal feeling of “I” do not effectively include these relationships. You say, “I came into this world.” You didn’t; you came out of it, as a branch from a tree.

It all comes full circle as we begin to see that this notion of the artificial ego is at the root of our mistaking money for wealth and symbol for reality:

The greatest illusion of the abstract ego is that it can do anything to bring about radical improvement either in itself or in the world. This is as impossible, physically, as trying to lift yourself off the floor by your own bootstraps. Furthermore, the ego is (like money) a concept, a symbol, even a delusion — not a biological process or physical reality.

Does It Matter? Essays on Man’s Relation to Materiality is a wonderful and soul-expanding read in its entirety. Complement it with Watts on happiness and how to live with presence , our media gluttony , and how the ego keeps us from becoming who we really are .

— Published May 29, 2014 — https://www.themarginalian.org/2014/05/29/alan-watts-on-money-vs-wealth/ —

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The Gospel of Wealth by Andrew Carnegie

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“the gospel of wealth”, by andrew carnegie.

The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship. The conditions of human life have not only been changed, but revolutionized, within the past few hundred years. In former days there was little difference between the dwelling, dress, food, and environment of the chief and those of his retainers. The Indians are today where civilized man then was. When visiting the Sioux, I was led to the wigwam of the chief. It was just like the others in external appearance, and even within the difference was trifling between it and those of the poorest of his braves. The contrast between the palace of the millionaire and the cottage of the laborer with us today measures the change which has come with civilization. This change, however, is not to be deplored, but welcomed as highly beneficial. It is well, nay, essential for the progress of the race, that the houses of some should be homes for all that is highest and best in literature and the arts, and for all the refinements of civilization, rather than that none should be so. Much better this great irregularity than universal squalor. Without wealth there can be no Mæcenas. The "good old times " were not good old times. Neither master nor servant was as well situated then as to-day. A relapse to old conditions would be disastrous to both—not the least so to him who serves—and would sweep away civilization with it. But whether the change be for good or ill, it is upon us, beyond our power to alter, and therefore to be accepted and made the best of. It is a waste of time to criticize the inevitable.

It is easy to see how the change has come. One illustration will serve for almost every phase of the cause. In the manufacture of products we have the whole story. It applies to all combinations of human industry, as stimulated and enlarged by the inventions of this scientific age. Formerly articles were manufactured at the domestic hearth or in small shops which formed part of the household. The master and his apprentices worked side by side, the latter living with the master, and therefore subject to the same conditions. When these apprentices rose to be masters, there was little or no change in their mode of life, and they, in turn, educated in the same routine succeeding apprentices. There was, substantially social equality, and even political equality, for those engaged in industrial pursuits had then little or no political voice in the State.

“The poor enjoy what the rich could not before afford. What were the luxuries have become the necessaries of life. The laborer has now more comforts than the landlord had a few generations ago.”

But the inevitable result of such a mode of manufacture was crude articles at high prices. Today the world obtains commodities of excellent quality at prices which even the generation preceding this would have deemed incredible. In the commercial world similar causes have produced similar results, and the race is benefited thereby. The poor enjoy what the rich could not before afford. What were the luxuries have become the necessaries of life. The laborer has now more comforts than the landlord had a few generations ago. The farmer has more luxuries than the landlord had, and is more richly clad and better housed. The landlord has books and pictures rarer, and appointments more artistic, than the King could then obtain.

The price we pay for this salutary change is, no doubt, great. We assemble thousands of operatives in the factory, in the mine, and in the counting-house, of whom the employer can know little or nothing, and to whom the employer is little better than a myth. All intercourse between them is at an end. Rigid castes are formed, and, as usual, mutual ignorance breeds mutual distrust. Each caste is without sympathy for the other, and ready to credit anything disparaging in regard to it. Under the law of competition, the employer of thousands is forced into the strictest economies, among which the rates paid to labor figure prominently, and often there is friction between the employer and the employed, between capital and labor, between rich and poor. Human society loses homogeneity.

The price which society pays for the law of competition, like the price it pays for cheap comforts and luxuries, is also great; but the advantage of this law are also greater still, for it is to this law that we owe our wonderful material development, which brings improved conditions in its train. But, whether the law be benign or not, we must say of it, as we say of the change in the conditions of men to which we have referred: It is here; we cannot evade it; no substitutes for it have been found; and while the law may be sometimes hard for the individual, it is best for the race, because it insures the survival of the fittest in every department. We accept and welcome therefore, as conditions to which we must accommodate ourselves, great inequality of environment, the concentration of business, industrial and commercial, in the hands of a few, and the law of competition between these, as being not only beneficial, but essential for the future progress of the race. Having accepted these, it follows that there must be great scope for the exercise of special ability in the merchant and in the manufacturer who has to conduct affairs upon a great scale. That this talent for organization and management is rare among men is proved by the fact that it invariably secures for its possessor enormous rewards, no matter where or under what laws or conditions. The experienced in affairs always rate the MAN whose services can be obtained as a partner as not only the first consideration, but such as to render the question of his capital scarcely worth considering, for such men soon create capital; while, without the special talent required, capital soon takes wings. Such men become interested in firms or corporations using millions; and estimating only simple interest to be made upon the capital invested, it is inevitable that their income must exceed their expenditures, and that they must accumulate wealth. Nor is there any middle ground which such men can occupy, because the great manufacturing or commercial concern which does not earn at least interest upon its capital soon becomes bankrupt. It must either go forward or fall behind: to stand still is impossible. It is a condition essential for its successful operation that it should be thus far profitable, and even that, in addition to interest on capital, it should make profit. It is a law, as certain as any of the others named, that men possessed of this peculiar talent for affair, under the free play of economic forces, must, of necessity, soon be in receipt of more revenue than can be judiciously expended upon themselves; and this law is as beneficial for the race as the others.

Objections to the foundations upon which society is based are not in order, because the condition of the race is better with these than it has been with any others which have been tried. Of the effect of any new substitutes proposed we cannot be sure. The Socialist or Anarchist who seeks to overturn present conditions is to be regarded as attacking the foundation upon which civilization itself rests, for civilization took its start from the day that the capable, industrious workman said to his incompetent and lazy fellow, "If thou dost not sow, thou shalt not reap," and thus ended primitive Communism by separating the drones from the bees. One who studies this subject will soon be brought face to face with the conclusion that upon the sacredness of property civilization itself depends--the right of the laborer to his hundred dollars in the savings bank, and equally the legal right of the millionaire to his millions. To these who propose to substitute Communism for this intense Individualism the answer, therefore, is: The race has tried that. All progress from that barbarous day to the present time has resulted from its displacement. Not evil, but good, has come to the race from the accumulation of wealth by those who have the ability and energy that produce it. But even if we admit for a moment that it might be better for the race to discard its present foundation, Individualism,—that it is a nobler ideal that man should labor, not for himself alone, but in and for a brotherhood of his fellows, and share with them all in common, realizing Swedenborg's idea of Heaven, where, as he says, the angels derive their happiness, not from laboring for self, but for each other,—even admit all this, and a sufficient answer is, This is not evolution, but revolution. It necessitates the changing of human nature itself a work of eons, even if it were good to change it, which we cannot know.

It is not practicable in our day or in our age. Even if desirable theoretically, it belongs to another and long-succeeding sociological stratum. Our duty is with what is practicable now; with the next step possible in our day and generation. It is criminal to waste our energies in endeavoring to uproot, when all we can profitably or possibly accomplish is to bend the universal tree of humanity a little in the direction most favorable to the production of good fruit under existing circumstances. We might as well urge the destruction of the highest existing type of man because he failed to reach our ideal as favor the destruction of Individualism, Private Property, the Law of Accumulation of Wealth, and the Law of Competition; for these are the highest results of human experience, the soil in which society so far has produced the best fruit. Unequally or unjustly, perhaps, as these laws sometimes operate, and imperfect as they appear to the Idealist, they are, nevertheless, like the highest type of man, the best and most valuable of all that humanity has yet accomplished.

We start, then, with a condition of affairs under which the best interests of the race are promoted, but which inevitably gives wealth to the few. Thus far, accepting conditions as they exist, the situation can be surveyed and pronounced good. The question then arises,—and, if the foregoing be correct, it is the only question with which we have to deal,—What is the proper mode of administering wealth after the laws upon which civilization is founded have thrown it into the hands of the few ? And it is of this great question that I believe I offer the true solution. It will be understood that fortunes are here spoken of, not moderate sums saved by many years of effort, the returns on which are required for the comfortable maintenance and education of families. This is not wealth, but only competence which it should be the aim of all to acquire.

There are but three modes in which surplus wealth can be disposed of. It can be left to the families of the decedents; or it can be bequeathed for public purposes; or, finally, it can be administered during their lives by its possessors. Under the first and second modes most of the wealth of the world that has reached the few has hitherto been applied. Let us in turn consider each of these modes. The first is the most injudicious. In monarchical countries, the estates and the greatest portion of the wealth are left to the first son, that the vanity of the parent may be gratified by the thought that his name and title are to descend to succeeding generations unimpaired. The condition of this class in Europe to-day teaches the futility of such hopes or ambitions. The successors have become impoverished through their follies or from the fall in the value of land. Even in Great Britain the strict law of entail has been found inadequate to maintain the status of an hereditary class. Its soil is rapidly passing into the hands of the stranger. Under republican institutions the division of property among the children is much fairer, but the question which forces itself upon thoughtful men in all lands is: Why should men leave great fortunes to their children? If this is done from affection, is it not misguided affection? Observation teaches that, generally speaking, it is not well for the children that they should be so burdened. Neither is it well for the state. Beyond providing for the wife and daughters moderate sources of income, and very moderate allowances indeed, if any, for the sons, men may well hesitate, for it is no longer questionable that great sums bequeathed oftener work more for the injury than for the good of the recipients. Wise men will soon conclude that, for the best interests of the members of their families and of the state, such bequests are an improper use of their means.

It is not suggested that men who have failed to educate their sons to earn a livelihood shall cast them adrift in poverty. If any man has seen fit to rear his sons with a view to their living idle lives, or, what is highly commendable, has instilled in them the sentiment that they are in a position to labor for public ends without reference to pecuniary considerations, then, of course, the duty of the parent is to see that such are provided for in moderation. There are instances of millionaires' sons unspoiled by wealth, who, being rich, still perform great services in the community. Such are the very salt of the earth, as valuable as, unfortunately, they are rare; still it is not the exception, but the rule, that men must regard, and, looking at the usual result of enormous sums conferred upon legatees, the thoughtful man must shortly say, "I would as soon leave to my son a curse as the almighty dollar," and admit to himself that it is not the welfare of the children, but family pride, which inspires these enormous legacies.

As to the second mode, that of leaving wealth at death for public uses, it may be said that this is only a means for the disposal of wealth, provided a man is content to wait until he is dead before it becomes of much good in the world. Knowledge of the results of legacies bequeathed is not calculated to inspire the brightest hopes of much posthumous good being accomplished. The cases are not few in which the real object sought by the testator is not attained, nor are they few in which his real wishes are thwarted. In many cases the bequests are so used as to become only monuments of his folly. It is well to remember that it requires the exercise of not less ability than that which acquired the wealth to use it so as to be really beneficial to the community. Besides this, it may fairly be said that no man is to be extolled for doing what he cannot help doing, nor is he to be thanked by the community to which he only leaves wealth at death. Men who leave vast sums in this way may fairly be thought men who would not have left it at all, had they been able to take it with them. The memories of such cannot be held in grateful remembrance, for there is no grace in their gifts. It is not to be wondered at that such bequests seem so generally to lack the blessing.

The growing disposition to tax more and more heavily large estates left at death is a cheering indication of the growth of a salutary change in public opinion. The State of Pennsylvania now takes—subject to some exceptions—one-tenth of the property left by its citizens. The budget presented in the British Parliament the other day proposes to increase the death-duties; and, most significant of all, the new tax is to be a graduated one. Of all forms of taxation, this seems the wisest. Men who continue hoarding great sums all their lives, the proper use of which for - public ends would work good to the community, should be made to feel that the community, in the form of the state, cannot thus be deprived of its proper share. By taxing estates heavily at death the state marks its condemnation of the selfish millionaire's unworthy life.

It is desirable that nations should go much further in this direction. Indeed, it is difficult to set bounds to the share of a rich man's estate which should go at his death to the public through the agency of the state, and by all means such taxes should be graduated, beginning at nothing upon moderate sums to dependents, and increasing rapidly as the amounts swell, until of the millionaire's hoard, as of Shylock's, at least

"The other half Comes to the privy coffer of the state."

This policy would work powerfully to induce the rich man to attend to the administration of wealth during his life, which is the end that society should always have in view, as being that by far most fruitful for the people. Nor need it be feared that this policy would sap the root of enterprise and render men less anxious to accumulate, for to the class whose ambition it is to leave great fortunes and be talked about after their death, it will attract even more attention, and, indeed, be a somewhat nobler ambition to have enormous sums paid over to the state from their fortunes.

There remains, then, only one mode of using great fortunes; but in this we have the true antidote for the temporary unequal distribution of wealth, the reconciliation of the rich and the poor — a reign of harmony — another ideal, differing, indeed, from that of the Communist in requiring only the further evolution of existing conditions, not the total overthrow of our civilization. It is founded upon the present most intense individualism, and the race is projected to put it in practice by degree whenever it pleases. Under its sway we shall have an ideal state, in which the surplus wealth of the few will become, in the best sense the property of the many, because administered for the common good, and this wealth, passing through the hands of the few, can be made a much more potent force for the elevation of our race than if it had been distributed in small sums to the people themselves. Even the poorest can be made to see this, and to agree that great sums gathered by some of their fellow-citizens and spent for public purposes, from which the masses reap the principal benefit, are more valuable to them than if scattered among them through the course of many years in trifling amounts through the course of many years.

If we consider what results flow from the Cooper Institute, for instance, to the best portion of the race in New York not possessed of means, and compare these with those which would have arisen for the good of the masses from an equal sum distributed by Mr. Cooper in his lifetime in the form of wages, which is the highest form of distribution, being for work done and not for charity, we can form some estimate of the possibilities for the improvement of the race which lie embedded in the present law of the accumulation of wealth. Much of this sum if distributed in small quantities among the people, would have been wasted in the indulgence of appetite, some of it in excess, and it may be doubted whether even the part put to the best use, that of adding to the comforts of the home, would have yielded results for the race, as a race, at all comparable to those which are flowing and are to flow from the Cooper Institute from generation to generation. Let the advocate of violent or radical change ponder well this thought.

We might even go so far as to take another instance, that of Mr. Tilden's bequest of five millions of dollars for a free library in the city of New York, but in referring to this one cannot help saying involuntarily, how much better if Mr. Tilden had devoted the last years of his own life to the proper administration of this immense sum; in which case neither legal contest nor any other cause of delay could have interfered with his aims. But let us assume that Mr. Tilden's millions finally become the means of giving to this city a noble public library, where the treasures of the world contained in books will be open to all forever, without money and without price. Considering the good of that part of the race which congregates in and around Manhattan Island, would its permanent benefit have been better promoted had these millions been allowed to circulate in small sums through the hands of the masses? Even the most strenuous advocate of Communism must entertain a doubt upon this subject. Most of those who think will probably entertain no doubt whatever.

Poor and restricted are our opportunities in this life; narrow our horizon; our best work most imperfect; but rich men should be thankful for one inestimable boon. They have it in their power during their lives to busy themselves in organizing benefactions from which the masses of their fellows will derive lasting advantage, and thus dignify their own lives. The highest life is probably to be reached, not by such imitation of the life of Christ as Count Tolstoi gives us, but, while animated by Christ's spirit, by recognizing the changed conditions of this age, and adopting modes of expressing this spirit suitable to the changed conditions under which we live; still laboring for the good of our fellows, which was the essence of his life and teaching, but laboring in a different manner.

“This, then, is held to be the duty of the man of Wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance.”

This, then, is held to be the duty of the man of Wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent upon him; and after doing so to consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer, and strictly bound as a matter of duty to administer in the manner which, in his judgment, is best calculated to produce the most beneficial results for the community — the man of wealth thus becoming the mere agent and trustee for his poorer brethren, bringing to their service his superior wisdom, experience and ability to administer, doing for them better than they would or could do for themselves.

We are met here with the difficulty of determining what are moderate sums to leave to members of the family; what is modest, unostentatious living; what is the test of extravagance. There must be different standards for different conditions. The answer is that it is as impossible to name exact amounts or actions as it is to define good manners, good taste, or the rules of propriety; but, nevertheless, these are verities, well known although indefinable. Public sentiment is quick to know and to feel what offends these. So in the case of wealth. The rule in regard to good taste in the dress of men or women applies here. Whatever makes one conspicuous offends the canon. If any family be chiefly known for display, for extravagance in home, table, equipage, for enormous sums ostentatiously spent in any form upon itself, if these be its chief distinctions, we have no difficulty in estimating its nature or culture. So likewise in regard to the use or abuse of its surplus wealth, or to generous, freehanded cooperation in good public uses, or to unabated efforts to accumulate and hoard to the last, whether they administer or bequeath.

The verdict rests with the best and most enlightened public sentiment. The community will surely judge and its judgments will not often be wrong.

The best uses to which surplus wealth can be put have already been indicated. These who, would administer wisely must, indeed, be wise, for one of the serious obstacles to the improvement of our race is indiscriminate charity. It were better for mankind that the millions of the rich were thrown in to the sea than so spent as to encourage the slothful, the drunken, the unworthy. Of every thousand dollars spent in so called charity to-day, it is probable that $950 is unwisely spent; so spent, indeed as to produce the very evils which it proposes to mitigate or cure. A well-known writer of philosophic books admitted the other day that he had given a quarter of a dollar to a man who approached him as he was coming to visit the house of his friend. He knew nothing of the habits of this beggar; knew not the use that would be made of this money, although he had every reason to suspect that it would be spent improperly. This man professed to be a disciple of Herbert Spencer; yet the quarter-dollar given that night will probably work more injury than all the money which its thoughtless donor will ever be able to give in true charity will do good. He only gratified his own feelings, saved himself from annoyance, — and this was probably one of the most selfish and very worst actions of his life, for in all respects he is most worthy.

In bestowing charity, the main consideration should be to help those who will help themselves; to provide part of the means by which those who desire to improve may do so; to give those who desire to use the aids by which they may rise; to assist, but rarely or never to do all. Neither the individual nor the race is improved by almsgiving. Those worthy of assistance, except in rare cases, seldom require assistance. The really valuable men of the race never do, except in cases of accident or sudden change. Every one has, of course, cases of individuals brought to his own knowledge where temporary assistance can do genuine good, and these he will not overlook. But the amount which can be wisely given by the individual for individuals is necessarily limited by his lack of knowledge of the circumstances connected with each. He is the only true reformer who is as careful and as anxious not to aid the unworthy as he is to aid the worthy, and, perhaps, even more so, for in alms-giving more injury is probably done by rewarding vice than by relieving virtue.

The rich man is thus almost restricted to following the examples of Peter Cooper, Enoch Pratt of Baltimore, Mr. Pratt of Brooklyn, Senator Stanford, and others, who know that the best means of benefiting the community is to place within its reach the ladders upon which the aspiring can rise — parks, and means of recreation, by which men are helped in body and mind; works of art, certain to give pleasure and improve the public taste, and public institutions of various kinds, which will improve the general condition of the people; in this manner returning their surplus wealth to the mass of their fellows in the forms best calculated to do them lasting good.

“The man who dies thus rich dies disgraced.”

Thus is the problem of Rich and Poor to be solved. The laws of accumulation will be left free; the laws of distribution free. Individualism will continue, but the millionaire will be but a trustee for the poor; intrusted for a season with a great part of the increased wealth of the community, but administering it for the community far better than it could or would have done for itself. The best minds will thus have reached a stage in the development of the race which it is clearly seen that there is no mode of disposing of surplus wealth creditable to thoughtful and earnest men into whose hands it flows save by using it year by year for the general good. This day already dawns. But a little while, and although, without incurring the pity of their fellows, men may die sharers in great business enterprises from which their capital cannot be or has not been withdrawn, and is left chiefly at death for public uses, yet the man who dies leaving behind many millions of available wealth, which was his to administer during life, will pass away " unwept, unhonored, and unsung," no matter to what uses he leaves the dross which he cannot take with him. Of such as these the public verdict will then be: "The man who dies thus rich dies disgraced."

Such, in my opinion, is the true Gospel concerning Wealth, obedience to which is destined some day to solve the problem of the Rich and the Poor, and to bring "Peace on earth, among men good will."

This essay was originally published in the North American Review (as “Wealth”), Vol. CXLVIII, June 1889. It was reprinted in Andrew Carnegie, The Gospel of Wealth and Other Timely Essays , ed. Andrew C. Kirkland (Cambridge, Mass.: 1962).

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‘Miles Walked, Miles Driven’: This Year’s College Essays About Money

Each year, we seek out college application essays about money, work or social class. Here are five from writers who are now undergraduates.

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By Ron Lieber

Photographs by Lexi Parra

Ron Lieber wrote one of his college application essays about a television commercial for the company formerly known as Waste Management.

• Oct. 22, 2022

Writing a personal essay is more art than science. Discussing money — what you or your family has or lacks — is tricky under the best of circumstances. Doing both well is harder still, especially if you’re a teenager and a committee of grown-ups will sit in judgment on whatever you produce.

Each year, we invite essayists to forward their work to us after they’ve submitted their thoughts on money, work, social class and related matters as part of their college applications. At their best, they inspire a kind of empathy, even if money is not on your mind all that often.

This time, we find ourselves in the human resources department with a racing mind; the kitchen as a daughter observes her mother making do; the car, driving many miles for so many reasons; the house, stuffed with way too much; and the head of a young woman wondering if her soft hands bring honor upon her family.

To write this way about these topics requires perspective, about who has what and why and how. But it also demands bravery — to go where most people don’t, including a lot of adults.

Katya Spajic

“Their hands symbolized their love and sacrifice for family. But my unblemished hands signified nothing in return, only evidence of wasting away their hard work.”

New York — Bronx High School of Science

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What Is Wealth?

Understanding wealth, how to measure wealth, the bottom line, understanding wealth: how is it defined and measured.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed.

Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom.

Wealth is the total value of all assets owned by a person, community, company, or country.

It's measured by taking the market value of all physical and intangible assets owned, then subtracting all debts . It can be seen in either absolute or relative terms.

Building wealth refers to the accumulation of scarce resources. People, organizations, and nations are said to be wealthy when they have accumulated many valuable resources or goods. Wealth can be contrasted with income in that wealth is a stock and income is a flow.

Key Takeaways

• Wealth is an accumulation of valuable economic resources that can be measured in terms of either real goods or monetary value.
• Net worth is the most common measure of wealth, determined by taking the market value of all physical and intangible assets owned, then subtracting all debts.
• The concept of wealth is usually applied only to scarce economic goods; goods that are abundant and free for everyone provide no basis for relative comparisons across individuals.
• Unlike income, which is a flow variable, wealth measures the amount of valuable economic goods that have been accumulated at a given point in time.
• The relative differences in wealth between people are what we usually refer to in order to define who is wealthy or not.

Investopedia / Theresa Chiechi

Wealth can be expressed in a variety of ways. In a purely material sense, wealth consists of all the real resources under one’s control. Financially, net worth is the most common expression of wealth.

Definitions and measures of wealth have been different over time among societies. In modern society, money is the most common means of measuring wealth. Measuring wealth in terms of money is an example of money’s function as a unit of account . The extent to which outside forces can manipulate the value of money can have a dramatic impact on measuring wealth in this way, but it provides a convenient common denominator for comparison.

Otherwise, land and even livestock can be used to measure and evaluate wealth. The ancient Egyptians, for instance, once measured wealth based on wheat. Herding cultures have often used sheep, horses, or cattle as measures of wealth.

Measuring wealth in terms of money overcomes the problem of evaluating wealth in the form of different kinds of goods. These values can then be added or subtracted together. This, in turn, permits the convenient use of net worth as a measure of wealth. Net worth is equal to assets minus liabilities. For businesses, net worth is also known as shareholders’ equity or book value . In commonsense terms, net worth expresses wealth as all the real resources under one’s control, excluding those that ultimately belong to someone else.

Wealth is a stock variable, as opposed to a flow variable like income. Wealth measures the amount of valuable economic goods accumulated at a given point in time; income measures the amount of money (or goods) obtained over a given interval of time. Income represents the addition to wealth over time (or subtraction, if it is negative).

A person whose net income is positive over time will become increasingly wealthy over time. For countries, gross domestic product (GDP) can be thought of as a measure of income (a flow variable), though it is often erroneously referred to as a measure of wealth (a stock variable).

Anyone who has accumulated a large quantity of net worth can be considered wealthy, but most people think of this term in more of a relative sense. Whether measured in terms of money and net worth, or in commodities like wheat or sheep, total wealth can vary among individuals and groups. The relative differences in wealth between people are what we usually refer to in order to define who is wealthy or not.

Research has consistently shown that people’s perception of their own well-being and happiness depends much more on their estimates of wealth relative to other people than on absolute wealth. This is also part of why the concept of wealth is usually applied only to scarce economic goods; goods that are abundant and free for everyone provide no basis for relative comparisons across individuals. 

The United States is home to most of the world’s wealthiest people, including 735 billionaires.

Arkansas-based retailer Walmart is one of the wealthiest corporations in the U.S., with annual revenue exceeding the GDP of many countries. For 2023, it recorded $611.3 billion in revenue, ranking number one on the Forture 500 list.

$247.8 billion

The net worth of the world’s wealthiest person, Tesla/SpaceX CEO Elon Musk, as of August 19, 2024.

Equally as impressive, wealthy ecommerce giant Amazon boasted revenue of $575 billion for 2023, earning it the number two position on Fortune’s list.

How Do You Build Wealth?

To build wealth , one must allocate a portion of their income to savings and investments over time.

How Much Wealth Does the Top 1% Own?

The top 1% of wage earners hold 30.4% of wealth in the United States as of August 19, 2024.

What Is Wealth Management?

Wealth management refers to the financial, investment, and advisory services provided to clients with a high net worth.

What Is Generational Wealth?

Generational wealth are the assets passed down through successive, familial generations.

What Is the Great Gatsby Curve?

The Great Gatsby Curve illustrates the relationship between income inequality in a country and the potential for its citizens to achieve upward mobility. Graphs that depict these two variables suggest a strong positive correlation between inequality and a lack of upward advancement from one generation to the next. 

The concept of wealth is subjective, largely depending on one’s perception and measure of value. For most, money is the common unit of measurement, and those with an abundance of it are deemed wealthy.

There are many strategies for amassing wealth; however, there is no prescription for all . Despite variations in how it is expressed, wealth often affords access and opportunities that would ordinarily be inaccessible without it.

Forbes. “ The Countries with the Most Billionaires 2022 .”

Walmart Corporate. “ Walmart Inc 2023 Annual Report .”

Fortune. “ Fortune 500: 2022 .”

Forbes. “ The World’s Real-Time Billionaires .”

Amazon. " 2023 Annual Report ."

Fortune. “ Fortune 500 (2022): Amazon .”

Federal Reserve Economic Data (FRED), Federal Reserve Bank of St. Louis. “ Share of Total Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles) .”

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Greater Good Science Center • Magazine • In Action • In Education

A New Way to View Money and Happiness

For decades now, scientists have been trying to figure out what role wealth plays in our satisfaction with life. While some studies have found that money doesn’t buy happiness (at least not beyond a certain income point), others have found money plays a much more significant role . Wealthier countries seem happier overall, and citizens in those countries enjoy more well-being as their income climbs .

But a new study brings another wrinkle to the conversation. Previous studies have tended to focus on people in wealthier, Western, urbanized countries. This one looked at those living in small-scale, rural communities that depend on nature for livelihoods, with no or little cash income. Some are Indigenous; most are located in Africa, South America, and Asia. Their results yield new insights into the relationship between money and happiness.

Smaller communities, bigger happiness

As part of a larger study of the effects of climate change, researchers surveyed almost 3,000 people living in 19 small communities around the world about how satisfied they were with their lives on a scale of 0 to 10. Since the communities studied didn’t have formal cash-based economies or record-keeping, household income was estimated from the market value of assets that would have been purchased with cash, when available.

In analyzing the results, researchers found a wide range of life satisfaction between individuals—but the patterns were quite different from similar studies in other parts of the world. While Indigenous people with greater personal income were slightly more satisfied with life than those with less income, overall, they were much happier than their Western counterparts even at very low incomes. In fact, people living in these small-scale societies reported an average score of 6.8 out of 10, even though most of them lived on less than the equivalent of $1,000 per year.

These are very different results than what you might find in the Gallup Poll or World Values Survey, both of which look at how income affects life satisfaction. For example, people in the Gallup Poll didn’t report these levels of happiness until they reached the $25,000 level of income. To study author Eric Galbraith, this suggests that income is not necessarily strongly tied to happiness for everyone, and that these polls are missing the mark.

“Basically, these small-scale societies show that there are powerful ways to achieve life satisfaction that are not apparent from looking at industrialized societies alone,” he says.


Interestingly, though, living in a particular village mattered when it came to life satisfaction—some villages tended to have happier people in them than others. However, the difference wasn’t related to the overall income in that community, unlike what seems to be the case in Western countries and even in smaller, non-Western countries around the world.   This may seem counterintuitive, given the tie between individual wealth and happiness among the villagers. That’s probably because the connection to income is so weak that other factors dominate, says Galbraith.

He speculates that the differences in happiness levels between villages are probably due to other, non-economic factors associated with living in these communities—such as feeling more closely connected to nature, living in a more interdependent community, not having a lot of wealth inequality, or not experiencing social ills like those you might find in a more industrialized society, such as drug addiction.

More than money

Though we can’t know for sure why people in these communities report being so satisfied with life, we should still take note of these findings, says Galbraith.

For one thing, he says, researchers have not been including the views of Indigenous people in worldwide happiness reports; so, the reports (like Gallup and the World Values Survey) may be skewed toward finding a stronger relationship between income and well-being than is warranted.

In addition, governments may be creating policies aimed at increasing citizen income to improve life satisfaction without considering other, important factors for the happiness of their communities.

Regardless of what explains the high satisfaction in these communities, we can still learn from their example. One potential takeaway is that we should question the assumption that greater income leads to greater happiness, says Galbraith. Perhaps, we should realize that living in a consumer-based, ad-filled world is making us  think  we need more money than we have, and creating a desire for something irrelevant to our well-being.   Instead, we may want to pay closer attention to other findings from the science of happiness to understand what makes for the good life, says Galbraith—whether that’s being in close connection with nature, strengthening our social bonds, or removing inequalities among us.

“The fact that rich people tend to be more satisfied with their lives can make it seem that having lots of money is the clearest route to happiness,” says Galbraith. “But the things that truly make people happy don’t need to cost money. There really are other ways to get to a satisfying life.”

About the Author

Jill Suttie

Jill Suttie, Psy.D. , is Greater Good ’s former book review editor and now serves as a staff writer and contributing editor for the magazine. She received her doctorate of psychology from the University of San Francisco in 1998 and was a psychologist in private practice before coming to Greater Good .

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