3 Kinds of Assets Needed to Understand How to Rule Over the World


In "7 Habits of Highly Effective People," Stephen Covey emphasizes the importance of developing and leveraging three types of assets to achieve success and fulfillment in life. These assets are physical, spiritual, and mental/emotional.

Physical Assets

Physical assets refer to one's health and fitness. Covey argues that taking care of one's body through exercise, proper nutrition, and sufficient sleep is essential to achieving long-term success. A healthy body provides the energy and focus needed to tackle daily challenges and achieve personal and professional goals.

Spiritual Assets

Spiritual assets refer to a person's sense of purpose, values, and beliefs. Covey emphasizes the importance of developing a clear understanding of one's values and aligning one's actions with those values. By doing so, individuals can find meaning and fulfillment in their lives and have the resilience and determination to overcome challenges and setbacks.

Mental/Emotional Assets

Mental and emotional assets refer to one's mindset, emotional intelligence, and resilience. Covey argues that developing a positive mindset and emotional intelligence is crucial to achieving success and fulfillment. This involves learning to manage one's thoughts and emotions, developing resilience in the face of adversity, and cultivating a growth mindset that allows individuals to learn and grow from their experiences.
To leverage these assets, Covey suggests that individuals focus on personal growth and development, building supportive relationships, and taking care of their physical, mental, and emotional well-being. By doing so, individuals can build a foundation for success and achieve their goals, both in their personal and professional lives.


This article is part of our Business Coaching blog series. At Dataczar we talk to a lot of small businesses. We’ve found a few books that we keep recommending time and again. To better help our customers, we’ve added a Reading List for Small Businesses to our website. We encourage every small business owner to read and keep these timeless business books on their office shelf.