What is Your Most Valuable Asset

How many times have you discussed or been involved with discussions about assets. Especially in the current economic environment Western Australia is in at present. Share prices are unpredictable, housing affordability is low, interest rates are rising and the bad news about all of the credit issues coming out of America doesn't seem to be slowing as well as it's effect on Australia's economy. Yet our economy is strong and will continue to be so - apparently. Yet all discussions about wealth and assets is monetary value. What do we have to do to change our way of thinking and add our health and wellbeing in the valuable assets category? I think it has got to do with the fact you can't physically measure it. Whereas money and possessions are measurable in some form. I have a possible solution but I am yet to come up with a way to measure this health and wellbeing asset.

Lifesperity. We all would love prosperity right. Well we should all be aiming to have a very high Lifesperity rating. The only way to get a highly valued Lifesperity is to keep adding to your health and lifestyle account constantly. Because like every other asset class if you don't constantly monitor it and add to it; it can lose value very quickly. Lifesperity should be aspired to by all. Can you imagine having amassed a substantial amount of wealth to allow a comfortable and enjoyable lifestyle in retirement and not being able to enjoy it. Well if you have Lifesperity you will have no problems enjoying your retirement as your activity levels, health and wellness will allow travel, various activities and a state of being that encourages happiness and enjoyment. You will save money on medical bills and any sickness or injury you may experience will be easier to counter or recover from.

My definition of Lifesperity is as follows: The ability to perform any physical or mental activities that you so desire in your latter years of life. This is why a balanced lifestyle is vital for long term happiness and health. Ensuring balance will go along way to giving you prosperity as well as lifesperity. Planning for lifesperity now isn't too hard if you gave it the same importance as monetary and materialistic values.

How does the following scenario sound? You reach age 60 which is still young in this day and age. All of your life you have worked hard, saved hard and amassed what you feel is enough to allow a comfortable retirement that involves travel and plenty of free time with grandchildren. However you have neglected to build your lifesperity and inflammation in your joints makes your existence painful and very inactive. Sooner than later you contract serious illnesses and spend the last 15 years of your life in and out of hospitals, doctor's surgeries and physiotherapists. You need caring for and medication is keeping you going literally. Not very pleasant is it? Lifesperity sounds pretty good when you are discussing assets now, doesn't it? I have had a lucky break in my life, so I know how valuable Lifesperity is. Take it from someone who's experienced a life threatening disorder - Lifesperity is your greatest asset!!!