I recently benefited from listening to a podcast where Meir Statman, author of A Wealth of Well-Being: A Holistic Approach to Behavioral Finance was interviewed about his book.
From what I gather from the podcast, the book discusses four kinds of important capital. Specifically, they are financial, social, cultural, and personal. There are undoubtedly important additional kinds of capital, but it was eye opening for me to think about important capital in one’s life beyond the financial.
This got me wondering about plain text accounting tools such as hledger. Obviously, they work well for keeping track of financial capital. Is there a way that they can also be helpful with other kinds of capital? I don’t know the answer, but I think this is one of those questions it’s worth spending some time on. Perhaps you can use tags or special categories for your financial spending as they relate to social, cultural or personal capital. Or perhaps you can use time recording in hledger for activities that relate to building other forms of capital.
In any case, it’s worth thinking about. You can find the podcast at https://bogleheads.podbean.com/e/episode-76-meir-statman-talks-about-his-new-book-a-wealth-of-well-being-host-rick-ferri/