Patrice Washington is an award-winning author, transformational speaker, hope restoring coach, and media personality who Success Magazine named one of 12 Inspiring Black Voices in Personal Development. She’s also the host of the Redefining Wealth podcast. On this episode of CFO at Home, Patrice and Vince discuss her new book, Redefine Wealth for Yourself; what it means to be truly wealthy, the role that fitness and relationship building play in attaining true wealth, and more.
- Key Takeaways
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- 12th century definition of Wealth - “The Condition of well-being and happiness”
- Our relationship with money is not just about money, it’s about all of the areas of our life that impact our finances even when we’re not thinking about it.
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- The Six Pillars of Wealth from REFINE WEALTH FOR YOURSELF
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- Fit - Become your best self
- Protect the Vessel
- Develop a Fit Mindset
- Examine Your Mental Health
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- People - Take care of relationships that matter
- Protect Personal Relationships First
- Surround Yourself with the Right People
- Attract Allies and Advocates
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- Space - Set up your life to support you
- Get it together
- Add the Energy You Want
- Timing is Everything
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- Faith - Believe in something greater
- The Power of Faith
- Practice What You Say You Believe
- Demonstrate Your Faith in Real Life
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- Work - Live Your life’s purpose
- Accept you Purpose
- Put Purpose to work
- Earn More Without Chasing
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- Money - Attract the prosperity you desire
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- Elevate Your Money Mindset
- Master the Basics
- Introduce the Money Maven in You
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- The Six Pillars build upon one another. To build true “wealth follow them in order
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- The basic tenets of good personal finance habits are well-known (spend less than you make, save, be responsible with debt). The first five pillars help put you in the position to execute on those tenets.