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- Decisions decide wealth
In 2010, one year after bitcoin launched the price of one bitcoin was less than a dollar, many did not understand the new technology but Laszlo Hanyecz had bitcoin, lots of it! On May 22, 2010, he bought two pizzas for ten thousand (10,000) Bitcoin. It seemed like a joke to him. 10,000 bitcoin then was worth less than 100 dollars. 10,000 bitcoin today is worth one hundred and fifteen million dollars ($115,000,000) this is not a joke anymore but I am sure you caught the joke – decisions decide wealth! Generational wealth is usually the product of deliberate decisions.
- Wealth is a process, not an event
In 2005, Gradish Duzak won the zap millions lottery jackpot! It was worth $50 million at the time. What a resounding event! Duzak was finally rich beyond his dreams Three year later Duzak was flat broke almost homeless – sounds like a familiar story right? I bet you have heard one quite similar! It happens all the time. The moral of the story remains however, that generational wealth is a process not an event! To keep wealth over time requires hard and constant work not one time luck!
- Wealth must be disciplined otherwise it will be wayward
A fool and his money will soon part ways! So says an old proverb. Lasting wealth is for the disciplined not the freehanded. Habitual retention of income is the pathway to lasting fortunes Delayed gratification is always a useful tool to discipline the mind. Riches do grow wings that itch to fly, these wings must be deliberately tamed. Learning to make income procreate is always better than learning new ways to spend income. The number one cure for a lean purse is to learn to keep that which you already have earned.
