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Mental Wealth Management - MWM concept

About Mental Wealth

Learn the principles of mental wealth management

mental wealth account

Demands made on knowledge workers are ever increasing. To accommodate them, we generally turn to the only resource we think we have. Time. 

 

We start early, stay late, work through lunch and into the night. But sooner or later we bump into the problem with time.  

There’s only 168 hours in a week and, there’s only so much overtime we can do before the strain on the body's systems impacts our mental, physical and emotional health, jeopardising performance.


The only way to consistently meet demands is to look at a different resource; ourselves and our capacity to work.


We tend to think that our capacity to work is constant. We forget that it fluctuates depending on how we’re feeling. We've all had days when we have come into work after a poor night's sleep and not been on top form.

 

Research has found that by proactively doing things that sustain our capacity, during and after work, we can meet demands without compromising our wellbeing.


Mental Wealth Management is an evidence-based method that helps busy professionals successfully manage their capacity to work. 

Key principles

Mental Wealth Management is based on money management concepts.

 

Mental Wealth

A collective term for our knowledge, skills and capabilities.  We all have it and without it we cannot do, be, share and create all that we wish to in our work and personal lives.

 

Mental Wealth Account

The core premise underlying the Mental Wealth Management approach is that inside each of us is a ‘mental wealth account’.

 

Our capacity to work depends on the status of our mental wealth account.

 

When we're in CREDIT we think, feel and do well.  We’re in the zone and performing at the top of our game.

 

Other times, we find ourselves feeling the pressures of life. Times when there's too much to do, there's a problem you're worrying about, the demands made of us are more than we feel we can cope with.

 

Now we’re becoming OVERDRAWN and our capacity to think, communicate and manage our emotions well is compromised.


Whilst we can function like this for a short time, like dipping into an interest free overdraft, it’s certainly not a place to linger.


When we feel like this – just as when we notice we've gone into the red financially – we must take action and rebalance the books.


If we don’t manage our outgoings, we will fall into DEBT.  Finding ourselves without the capacity/resources to do what we need or want to.


Whether this happens financially or personally, it is time to seek professional help.

MWM account.jpg

Mental Wealth Account

To be able to effectively use your knowledge, skills and capabilities, your mental wealth account must be in credit.

 

Mental wealth budgeting

Everything you do - every action, conversation, situation - is either a debit or a credit to your internal account.

 

Work tasks, for example, draw from our mental, physical and psychological resources. This initiates corresponding strain reactions - cognitive fatigue, low mood or other symptoms of stress, all of which reduce capacity.

These strain reactions can be reversed, by engaging in activities that restore and replenish us. 

The secret to maintaining our capacity to work well is to either avoid making too many withdrawals or to make more deposits. In other words, budget.

 

​When you create a budget you: 

  • know your regular outgoings, 

  • understand your spending habits,

  • are less likely to end up in debt,

  • are better able to deal with unexpected costs.

 

As different tasks have different impacts and you are better at some things, as some times, than at others, the starting point to create a mental wealth budget is to know if an activity positively/sustains or negatively/drains impacts your capacity.

 

In other words, does it deposit or withdraw units from our mental wealth account? 

By taking time to review our daily activities, we can begin to take proactive action to safeguard our wellbeing and capacity to work.

Mental Wealth Management Plan

Ultimately, you want to develop a personal mental wealth management plan detailing the self-care activities that you must do regularly and daily that enable you to stay in credit and work at your best.

 

For each of us, it's something different.

 

My daily needs are an early morning walk, meditation, microbreaks, taking lunch away from my desk, some form of personal development/learning, talking to people in my field, no tech after a certain time and going to bed at a decent hour.

It's also being aware of things that drain us. Learning what effects our energy and how to adapt our day/week so that we can consistently deliver without finding ourselves getting into debt.  

And, of course, knowing what to do if you do sense you're overdrawn so that you start each day in credit, replenished and ready for work.

The articles on this website offer actionable tips that support wellbeing and reduce stress. The Mental Wealth Management course teaches you how to budget (safeguard wellbeing), manage an overdraft (reduce stress) and stay out of debt (avoid burnout) culminating in a personal wealth management plan.  

Ready to manage your mental wealth?

If what I have shared here makes sense to you and you would like support to create your own mental wealth management plan, let's talk.

GET IN TOUCH: Message me now

mental wealth budgeting
Mental Wealth Planning

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