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Rome wasn’t built in a day neither was the money of almost all of the wealthy people and families.
Remember Law 9: Discipline: Control yourself and your desires or urges for instant gratification? Yes, if you want to become and stay wealthy, then you must think long term sustainability and not jump for immediate gratification.
Anytime you have to make a career, business or investment decision, ask yourself: will this contribute to my long term wealth? Is it sustainable? Will it create a good return on investment (ROI)?
If the product, investment or decision does not fit into the set parameters of your wealth strategy [Law 25] of long term wealth and sustainability, flee from it like a pest. That concerns get rich quick schemes like ‘Get from zero to a million dollars in no time and while you sleep’ type offers, ads and ‘opportunities’; network marketing companies in which most people are losing instead of making money; and most ‘home based business opportunities’ that give little money for even over 60 hours of work a week. You still remember all those Ponzi/Pyramid schemes that promised people heaven and earth but left them poorer?
Instead refer to Laws 15 [Trust your instincts and intuition] and 24 [Be realistic] and look for education, career, business and investments that will last and be sustainable. Think ahead (1, 2, 5 and 10 years) and about your future and your goals. Ask if your decisions to invest will draw you closer or remove you further away from these. Will that jewellery you’re itching to buy add to your long term wealth?
Build your wealth patiently on solid financial and educational foundations. Have many avenues of income spread over different vehicles. Insure yourself and your assets against recession and unexpected events. Always make and have contingencies. Learn how to be tax efficient.
Think long term and be forever wealthy for generations to come.
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