International Redefining Wealth Day 2023: Date, History, Facts, Activities

Patrice Washington, the award-winning author of "Redefine Wealth For Yourself" and anchor of "The Redefining Wealth Podcast," introduced the day. Washington has appeared on shows such as "Dr. Oz" and "The Steve Harvey Show.

International Day for Redefinition of Wealth is observed on March 15. The day encourages reflection on the meaning of affluence. Should your existence hinge around acquiring wealth or attaining happiness? Is it possible to achieve greater success in life without accumulating material wealth? It is about achieving your life’s purpose, finding happiness in the small things, and pursuing objectives rather than money. Recognizing that there’s more to life than material possessions is the first step toward rethinking your relationship with money. It is more rewarding to view situations through the lens of possibility and plenty.

The background of International Redefining Wealth Day

Patrice Washington, the award-winning author of “Redefine Wealth For Yourself” and anchor of “The Redefining Wealth Podcast,” introduced the day. Washington has appeared on shows such as “Dr. Oz” and “The Steve Harvey Show.” Since 2014, he has also served as a financial advisor for Steve Harvey’s radio and television programs, and he has been featured in publications such as “Essence,” “The New York Post,” and “Cosmopolitan.”

Washington demonstrates to women and men through her teachings on the six pillars of prosperity — fitness, people, faith, space, work, and money — that leading a disciplined but fulfilling life is preferable to becoming a slave to the pursuit of money. As an accomplished personal finance expert and transformational speaker, Washington’s work has had a significant impact on the lives of millions by providing them with the tools to succeed in their careers, residences, and personal finances. Washington readily acknowledges that her philosophy distinguishes her from other financial gurus and makes her an outlier in her field. Washington has indicated that the day is a call to those more concerned with discovering their life’s purpose and gaining the wisdom necessary to live a meaningful existence. It is for this reason that she conceived of Redefining Wealth Day: to encourage like-minded individuals to develop their own aims and visions, rather than living a life of deprivation in order to become wealthy. Thus, individuals can become their finest selves and concentrate on meaningful relationships.

International Redefining Wealth Day is about preparing your life to support you, believing in something greater than material success, attracting the wealth you desire, and living your life’s purpose.

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INTERNATIONAL REDEFINING WEALTH DAY ACTIVITIES

Consider what you want

What else do you want out of existence besides money? Consider your accomplishments and relationships, not your bank account balance.

Think about your relationships

Perhaps there are individuals you could do without in your life, or you could benefit from growing closer to them. Consider the worth of your relationships and whether they will help or hinder your pursuit of a life with meaning.

Make a plan

Once you have decided what you want, you must determine how to achieve it. Plan for the future, but keep in mind that this is a voyage. Take things slowly and daily. Enjoy the journey.

5 QUICK FACTS REGARDING WEALTH IN THE MODERN WORLD

In the United States, the richest 0.1% earn 196 times as much as the poorest 90%.

One in four Americans do not have savings for retirement.

About 34% of all individuals in the United States, or approximately 83 million people, find it difficult to cover rent, food, mortgages, student loans, medical care, and auto payments.

Collectively, Bill Gates, Jeff Bezos, and Warren Buffett own as much wealth as the bottom fifty percent of American households.

The wealth of the bottom half of families — more than 60 million families — accounts for less than one percent of the total wealth of U.S. households.