How to Redefine Wealth For Yourself
© Micheile Henderson
Patrice Washington is an intuitive award-winning author and podcaster, transformational speaker, hope- restoring coach, and media personality, committed to teaching a holistic approach to life while redefining the term “wealth” to its original meaning, “well-being.”
As a conscious thought-leader, Patrice’s wisdom is consistently called on by top national media outlets such as Good Morning America, CNBC, Cosmopolitan, Women’s Health, NBC, Essence Magazine, among many more.
We sat down with Patrice to discuss her recent release, Redefine Wealth for Yourself, and how her holistic approach to wealth goes beyond money.
1. What inspired you to write your latest book Redefine Wealth for Yourself?
I felt led to write a book the moment I started the Redefining Wealth Podcast in 2017. I wanted to create a written blueprint that provided podcast listeners with the same type of information, practical exercises, resources, beliefs and behaviors that we discussed on the podcast.
The timing however was divine because had I written the book in 2017, I wouldn’t have been able to include all of the amazing lessons and stories from clients that I’ve helped over the last three and half years. These years have shown me that the Six Pillars of Wealth actually work and have given people access to elevate their lives and truly redefine wealth for themselves. The book is a testament that by decluttering your mind, finding clarity and applying the practical steps that are the Six Pillars of Wealth, with grace and ease you can embark on a transformational journey that redefines how you build wealth.
2. You have had great success in the business and financial world. What drove your shift to branding yourself from a conscious perspective.
The reality is I’ve always been conscious, I just didn’t know it. In a funny way, I was unconscious of how conscious I actually was. Talking about finance, money and business through a lifestyle perspective has always been a holistic idea in my head. When I first introduced the idea of Redefining Wealth to my audience, I initially emailed them asking if they could handle more than just money talk and they responded that I always talked about more than money. Since I didn’t call it anything, I honestly didn’t think people recognized how it all connects. My core audience understands that Redefining Wealth IS how we achieve success in the business and financial world; it’s just packaged differently. Although my branding may have changed, my message remains the same. Whether we’re talking about finances or being physically and mentally fit to sustain wealth, we are all required to consciously discern how we can better our lives in order to serve those around us.
3. Tell us about your six pillars of wealth theory.
When we typically think about wealth, most of us automatically think about money. But the truth is, money is only one factor in living a prosperous life. The Six Pillars of Wealth are six holistic principles that affect our ability to attract prosperity. They are broken down by the following:
- FIT Pillar: Become your best self.
- PEOPLE Pillar: Take care of relationships that matter.
- SPACE Pillar: Set up your life to support you.
- FAITH Pillar: Believe in something greater.
- WORK Pillar: Live your life’s purpose.
- MONEY Pillar: Attract the prosperity you desire.
I believe in the twelfth-century definition of wealth which is “the condition of well-being or happiness”. The pillars allow us to access our mindset and performance in each area. This way we can address the limiting beliefs or challenges that have kept us stagnant and pivot or shift in order to create a wealthier lifestyle. The money pillar is the last step toward Redefining Wealth. In order to attract financial wealth, you have to do the life work in the other 5 pillars: fit, people, space, faith, and work. When we take care of those things that make life worthwhile, we become the kind of people who attract, maintain and receive the wealth that we desire.
4. Can you explain your 98/2 rule mentioned in the book?
Of course! A while back, I conducted a podcast interview with Author, Salon Owner, and National Educator for Paul Mitchell Systems, Kelly Cardenas. In the interview, he shared with me his philosophy that life is 98% attitude and 2% aptitude. He learned this valuable lesson from his father, and by applying it, he reached the highest levels in the beauty industry. I was blown away by Kelly because he was the first person to tell me that his success came from the attitude he brought to his work, which aligns with my belief that success is determined by more than what you do.
The 98/2 rule is a reminder that your attitude toward any setback will determine what it means for you— not the event itself. You’ll get what you want a lot faster when you approach life with an attitude of expectation and willingness to learn and you can make up for any shortcomings you have with the energy, enthusiasm, and positivity you bring to anything you want to achieve.
5. What is your favorite daily mantra to recommend to clients?
“I am the CEO of MY life.”
This mantra is a reminder to always take personal responsibility of what’s going on in life. The more we take responsibility, the more we recognize that we do have the power to participate in our own rescue.
6. How would you tell someone to go about discovering their gifts and distinguishing the difference between gifts and passions?
I love this question because it focuses on the WORK Pillar. While most assume that the Work Pillar is just about finding the right job, it’s more so focused on living your life’s purpose. People use the terms gifts, passions, and purpose interchangeably, but I want to be very clear about how I use each of these words. Your gifts are the skills and abilities that come naturally to you, your passions are the topics or things that attract your interest, and your purpose is the work you use your gifts to do.
Passions and gifts are not created equal and although you can be extremely passionate about something, it doesn’t mean that it’s your gift. I am extremely passionate about music and singing, but I was not gifted with a voice to perform.
To discover your gifts, you have to take inventory of what comes natural to you and never requires you to struggle. Once discovered, then you can explore the different areas that you’re passionate about and see if your gifts serve an audience in that area. If it’s a match, fulfill your purpose by doing work that utilizes your gifts and helps others, but if it’s not a match, create or find a space where you can use your gifts freely to serve an audience that needs you. It’s easy to see your gifts as unimpressive because they come easily to you, but when you realize those same skills don’t come easily to everyone else, you start to see the value of your gift and its purpose.
7. Do you believe anyone can turn their financial standing around through the methods you teach?
Absolutely! Redefining Wealth is not about financial aptitude. We can all know the bare minimum about money and still be incredibly successful because the other parts of our lives are decluttered by doing the things that we talk about in the first five pillars. The underlying issue is not that people don’t know what to do, it’s that we don’t do what we know we’re supposed to do and as a result we remain stuck in a toxic mindset, constantly challenged by how we handle money.
Redefining Wealth and the Six Pillars of Wealth give us the mental clarity to do what we know we’re called to do. If we can commit to showing up for ourselves no matter what, in all aspects of our lives, then we can truly build monetary wealth and we’ll have the mentality to sustain it in the long-term.