Definition of Wealth

Definition of Wealth


That was the value of one of the businesses that I founded.

It was not a figment of my imagination but the conclusion of one of the top financial institutions in the world.
That 9-figure sum of money had popped out of a written report by a group of professionals.
Based on this figure, a global bank would underwrite our market capitalization as it endeavored to take our company public on NASDAQ.
We were advised that it would be just a start.
With the credibility of a listed vehicle and a sizable war chest, we were in a great position to improve the bottom line and grow the company.
I was within possible range of becoming a BILLIONAIRE!
Imagine with me, I could have big houses, big cars, and a big wife…and all the luxuries of the modern world.
At that point, I was beginning to experience a taste of the high life, running pre-listing roadshows in New York and Boston, and hobnobbing with the rich and famous.
Swiss bankers were calling upon us and we would wine and dine in some of the top restaurants in the world.
They said that success is relative. The more successes you have, the more relatives you will get.
So, before you start calling me to borrow money, please note that it would not be possible.
In fact, you may find me pleading with you to extend a cheap loan to me.
That Initial Public Offer did not materialise.
The economic crisis caused a cascading effect on the industry that we were in, and our business was severely hit.
If you ask me, was I excited about potentially having a lot of money, the answer would be No.
Was I sad that I missed the opportunity, the answer would also be No.
My lifestyle did not and would not change.
I have always maintained that the person who lives a simple life lives a rich life.
Please don’t get me wrong. I have nothing against money.
A wise person once said, “Money cannot guarantee happiness.
However, without money, I guarantee you will be unhappy.
“Money may not buy you happiness but it certainly can make life more comfortable and buy you the misery that you prefer.”
Another wisecrack, “If you cannot buy happiness, it’s probably because you don’t know where to ‘shop’ for it.”
Money means nothing unless we do something with it.
It is a medium to exchange for something of value.
Money may not be the most important thing in life.
On the other hand, with money, we can do many important things in life.
Socrates once said, “If a man is proud of his wealth, he should not be praised until it is known how he employs it.”
Sadly, many people do not know how to make meaningful use of money.
If we don’t know what to do with money, we can’t be truly rich.
If we don’t know what to contribute to in our life, we will never be totally motivated to create lasting wealth.
Do not be like the person who spent the best years of his life to making money and then spent all his money trying to recover the lost years in his life.
The person who craves for too little wealth is as pitiful as the person who is obsessed about possessing too much wealth.
The question that begs to be answered is, “What do you want to do with wealth?”
According to my friend, Robert Kiyosaki, “Wealth is the number of days you can survive forward if you stop working tomorrow.”
To me, wealth is more than just about staying alive.
It’s about having a life.
It’s not about maintaining a life but about giving your life to a worthwhile cause.
I’m sure you have heard of the poor man with lots of money – the same guy who had money but nothing of lasting value.
The root word of ‘wealth‘ is an archaic English word, ‘wela’ which means well-being and ‘th’ refers to ‘condition’.
Wealth in essence refers to the condition of well-being.
It is a state of the body, soul and spirit.
Wealth also includes physical, mental, emotional, social, spiritual and environmental well-being.
It also embraces positive values that help to make the world a better home.
Being wealthy is to have the resources to fulfill the calling that our Creator has for us.
It’s a tool to help us and the people around us live a meaningful, exciting and fulfilling life.
Henry David Thoreau phrased it aptly, “Wealth is the ability to fully experience life.”
If I may add, it is also the capacity to help others live a full life.
Therefore, it’s too myopic to measure wealth in monetary terms.
Wealth should also be about being rich in purpose, service, and contribution to others and the environment.

I hope this message will find a place in your heart.

By the way, I have also recorded other reflections.

Please ‘Like’ me on

Please visit my website,

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Visit my Inspiration blog at

For my opinions on social affairs, please visit my Transformation blog at

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Please read my reflections and continue to teach me.

Life is FUNtastic!

About Patrick Liew
About Patrick Liew Patrick Liew MBA, MSc, BSc is the Managing Partner of Global Enterprise Exchange Pte. Ltd.. He is also the founder and director of Success Resources, arguably the world’s largest personal development seminar organiser and a major shareholder of a company, which is listed on the Australian Stock Exchange. He was previously the Executive Chairman and CEO of HSR Global Ltd., a publicly listed company on SGX-ST. Previously, he was the regional director of the Gartner Group, providing strategic advisory and planning services to governments, banks and MNCs. He was also the regional head of sales and marketing operation for Dow Jones Telerate. Patrick graduated with a BSc in Estate Management from Heriot Watt University, an MSc with emphasis in global business and marketing from The City University Of New York, and an MBA from Henley Business School / Brunel University. He has also earned more than nine other professional qualifications. Patrick is arguably the first person to develop a multimedia e-learning programme on entrepreneurship. He authored a Chinese book on business systems and was also the co-author of a Times Bookshop best-selling book. Patrick has conducted both ‘brick and mortar’ and online lessons for participants from more than 60 countries. He has also conducted keynote presentations in many international conferences, including being the first Singaporean to teach at the National Association of Realtors. Through his team at Success Resources, Patrick has organised educational conferences for prominent leaders such as President Bill Clinton, Prime Minister Tony Blair, Michael Porter, Richard Branson, Robert Kiyosaki, Donald Trump, and many other prominent leaders. Patrick provides leadership and advisory services to many professional and charity organisations. He is actively involved in supporting humanitarian, philanthropic and charity causes. He has organised three fund-raising events and in the process, help to set three national records in the Singapore Books Of Records. Patrick won the Entrepreneur Of the Year Award For Social Contribution, the Asia Pacific Entrepreneurship Award, and six other business awards. Patrick believes the best way to live your life is to live your life for others. The more you reach out to bless other lives, the richer and better your life will become. -------------------------------------------------------------------------------- A Personal Note to my Friends The articles that I post online; or what I term as Love Notes, are written with the purpose of inspiring readers to live at a higher plane in life. They are also meant to motivate those who are struggling in life and help them find handlers to overcome their conflicts and challenges. It is my ardent hope that we will form networks and alliances of like-minded people who will put to right many of the wrongs in our midst. Together, we will leverage on each other's resources and create a synergistic impact in making our world a better home. These articles are written as part of regular reflection about the vicissitudes of life. They are at best work in progress and at worst, grumblings, grouses, and gripings of a finite old man. I have deliberately decided NOT to delete many of the articles and pointers that I may not agree with or are outrightly wrong. This is to keep a record of how my personal ideas, beliefs, and values have evolved over time. In addition, I hope to encourage readers by letting them know that I also make mistakes and am struggling with many of the complexity and complication in life. As long as we hang on to hope and work on finding a solution, there will be light at the end of whatever tunnel we are in. I do not pretend to know everything or for that matter, anything of substance. In fact, the more I study, learn, and think about the vast wisdom and knowledge out there, the more I realised how little I know about life and the ways of life. Hence, I have always ended my article by asking readers to continue to teach me. For I, too, am a sojourner in the exploration of truth and the adventure of finding meaning, purpose, and significance for my existence. I am proud of and make no apology for being a Christian, albeit not the most exemplary one. I believe our Creator can lead and guide us to be the best that we can ever be. I bear full responsibility for the shortcoming and error in my life, including my words. The fault is entirely mine and not due to anyone else. Readers have and can exercise the power of choice. They can discard what will not work for them and adopt those that can propel them further and faster in the pursuit of better performance, outcomes, and fulfillment. If I have disappointed or hurt you in any way, form, or manner, I would like to apologise to you. Please do not hold them against me or whoever or whatever is related to me. There are much to pray about, learn, and do. And I'll work on them with a sense of urgency. I hold on to the belief that 'Anything worth doing is worth doing with passion and excellence'. I'll endeavour to live by it. Life is short. There's no dress rehearsal and neither can we turn back the clock to change the drama of life. Therefore, by the grace and power of our Creator, let's live a full life and live it to the fullest. May God bless you abundantly on the journey of life. Your online servant, Patrick Liew I hope this message will find a place in your heart. By the way, I have also recorded other reflections. Please 'Like' me on Visit my Inspiration blog at For my opinions on social affairs, please visit my Transformation blog at Please visit my website, Please read my reflection and continue to teach me. Life is FUNtastic!

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