International Wealth Mentality Month – January 2023

International Wealth Mentality Month is held annually throughout the entire month of January. It serves as a reminder to get our finances in order and plan our financial strategies. For those who work in the finance industry, it is a time to discuss their financial situations and goals with new clients. It is also an opportune time to touch base with current clients and make adjustments to their current strategies. Being financially prepared will bring you peace of mind and security both in the long term and short term.

History of International Wealth Mentality Month

Many people have a goal to grow their wealth and add to their assets. These goals can be accomplished by having a wealth mindset and putting several skills into practice. A wealth mindset is a set of beliefs, habits, and behaviors and it is a guide to follow so you can make the most of the money you have. Spending less, saving more, and looking for ways to improve your financial situation are some ways that can fast-track your journey to financial freedom. You should also be protecting what you have and monitoring your financial situation. This month serves as a reminder to take your finances into account.

Wealth can be categorized into three principal categories: personal property; monetary savings, and the capital wealth of income-producing assets. Financial security provides a safety net against a decline in one’s living standard in the event of job loss or other emergencies. Human capital is the estimated expected lifetime earnings of the population. Human capital is the largest source of worldwide wealth, comprising 64 percent of total global wealth. Generally, this has made up the greater share of wealth as countries reach higher levels of economic development. The exception is high-income countries that are dependent on fossil fuel wealth, which have the lowest share of human capital. It has been suggested that these countries reinvest wealth from fossil fuels into other types of wealth — for example, human capital.

Gender gaps are still causing restrictions to growth and little progress has been made toward greater gender parity over the past 25 years. Across all levels of development, women account for less than 40 percent of human capital. There is a call for governments to improve measures of economic progress and help drive policies that improve lives for generations. It has been suggested that they are more effective in measuring and monitoring wealth and investing in sustainable wealth.

International Wealth Mentality Month timeline

18th Century
The Onset of the Industrial Revolution

Modern labor-saving inventions and the development of the sciences vastly improve the standard of living for even the poorest.

19th Centuary
The Advancement in Technology

Many jobs are now automated and machines replace some workers while other workers became more specialized.

1913
The Introduction of Income tax

The U.S. introduces an income tax which further exacerbates financial insecurity among the masses.

1928
The Increase in Income inequality

Income inequality continues to rise in the U.S. and reaches its peak in 1928.

1970's
The Dismal Economic Situation Era

The 1970s are characterized by slow growth, high unemployment rates, and high inflation.

1995 to 2018
The Balancing Out of Wealth

The wealth of middle-income countries now catches up to high-income countries.

1996
The Rise of billionaires

Statistics reveal that there are 400 billionaires globally.

2018
The Global Wealth Share Remains Stagnant

Low-income countries share of global wealth is hardly changed, remaining at 1%.

International Wealth Mentality Month FAQs

What is wealth mindset

It means spending less, making wise investments, and looking for ways to improve financial standing with minimal risk.

What is a millionaire mentality?

It’s where you begin focusing on changing your life and accomplishing your goals by purposefully changing your mindset.

What are financial goals?

These are ways you intend to improve your financial standing. Some examples are paying off your debt or increasing your retirement savings.

How to Observe International Wealth Mentality Month

  1. Speak to a financial professional

    A professional can help you start investing or focus on your goals. Doing this will help you as you plan to buy a house, fund a wedding, or reduce debt.

  2. Do something every day that does not cost money

    Plan something that you enjoy daily to do that does not cost money. This is a great way to start training yourself to live within your means.

  3. Work on your wealth mentality

    Take time to reflect, plan, and then take action. Use this month to change your wealth mentality which will help you as you work towards improving your financial situation this year.

5 Facts About Wealth Inequality

  1. The countries with the greatest income inequality

    South Africa, Namibia, Suriname, Zambia, and Sao Tome and Principe are the top five countries with the greatest income inequality in the world.

  2. Wealth inequality has a gender slant

    Research has found that the world’s richest people are men and the top 22 have “more cash than all the women in Africa.

  3. Income inequality in the U.S.

    Income inequality is closely connected to higher levels of crime, stress, and mental illness.{[Income equality is not improving

  4. Income equality is not improving

    The U.S. has been ranked as one of the worst places for income equality among developed economies for many years now and this issue is only getting worse.

  5. Income equality is affected by government policies

    A nation's level of income inequality is substantially affected by government policies concerning taxation and labor.

Why International Wealth Mentality Month is Important

  1. It encourages us to be responsible

    We spend the month learning about finance. We also learn how to be responsible with our money.

  2. It educates us about a complicated topic

    The topic of finance isn't for everyone. International Wealth Mentality Month provides information that everyone can access and use.

  3. It encourages us to plan our future and security

    International Wealth Mentality Month reminds us to plan for our financial future. We need to be ready for retirement.

International Wealth Mentality Month dates

YearDateDay
2023January 1Sunday
2024January 1Monday
2025January 1Wednesday
2026January 1Thursday
2027January 1Friday
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Diet Resolution Week
National Silent Record Week
National Time Consciousness Week
New Year’s Resolutions Week
Apple Gifting Day
Commitment Day
Copyright Law Day
Ellis Island Day
Euro Day
Global Family Day
Haiti Independence Day
International Public Domain Day
National Bloody Mary Day
National First-Foot Day
National Hangover Day
New Year's Day
New Year’s Dishonor List Day
Polar Bear Plunge Day
Public Domain Day
Rose Bowl Game
Solemnity of Mary
Sudan Independence Day
Triumph of the Revolution
Universal Hour of Peace
World Day of Peace
Z Day
Apple and Apricot Month
Artichoke and Asparagus Month
Be Kind To Food Servers Month
Bread Machine Baking Month
California Dried Plum Digestive Month
California Restaurant Month
Celebration Of Life Month
Cervical Health Awareness Month
Children Impacted by Parent's Cancer Month
Clap 4 Health Month
Dry January
Family Fit Lifestyle Month
Financial Wellness Month
Get A Balanced Life Month
Get Organized Month
Ginuary
International Brain Teaser Month
International Change Your Stars Month
International Child-Centered Divorce Month
International Creativity Month
International Quality of Life Month
International Wayfinding Month
International Wealth Mentality Month
Learn to Ski and Snowboard Month
Little Things Mental Health Campaign
Manuary
March of Dimes Birth Defects Prevention Month
National Adopt a Rescued Bird Month
National Bath Safety Month
National Be On-Purpose Month
National Birth Defects Prevention Month
National Black Diamond Month
National Blood Donor Month
National Book Blitz Month
National Braille Literacy Month
National CBD Month
National Clean Up Your Computer Month
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National Conscience Month
National Eye Care Month
National Fiber Focus Month
National Glaucoma Awareness Month
National Hobby Month
National Hot Tea Month
National Mail Order Gardening Month
National Meat Month
National Mentoring Month
National Menudo Month
National Oatmeal Month
National Personal Trainer Awareness Month
National Polka Music Month
National Poverty in America Awareness Month
National Radon Action Month
National Skating Month
National Slow Cooking Month
National Soup Month
National Stalking Awareness Month
National Staying Healthy Month
National Sunday Supper Month
National Thank You Month
National Train Your Dog Month
National Volunteer Blood Donor Month
Poverty Awareness Month
Prune Breakfast Month
Receding Gums Awareness Month
Retail Bakers Month
Rising Star Month
Self-Love Month
Shape Up US Month
START Child Health campaign
Teen Driving Awareness Month
Thyroid Awareness Month
Tubers and Dried Fruit Month
Unchain a Dog Month
Walk Your Dog Month

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