After passing matric, most of us move on to get diplomas/ degrees or go straight to the corporate world with the hope of having a better life in future.
Once we get that dream position we can hopefully afford a house, car and accumulate a bit more of credit cards through some form of debt. But then we get to a stage where we are trying hard to rid ourselves of bonds that we have taken to finance houses and cars. We stick to the tried and tested ways of having a job that helps to pay for these things that we owe and by our employment we are obliged to contribute to some pension and retirement funds.
When we all reach the age of retirement all we have is a lousy lump sum which is really worth nothing and rely on Trevor's grant annually and hope that he will increase it by R70 each year. Or even worse when we die we turn to the public for donations as we did not save enough in our lifetime to even finance our own funerals.
After all that said, I want to ask how do we create wealth that can still be enjoyed by generations that will follow in our footsteps...........how do we ensure that our children and grandchildren have a legacy that they can preserve and continue expanding long after we have left this world?
Would it had not been great if you great grandparents had left an inheritance for you, then you needn't to start afresh when buying that first house?
Why then dont we start a way of creating wealth for ourselves now, invest your bonus in the stock markets instead of buying a pair of shoes or getting a recent model of that BMW that will need to be upgraded again in one year? Start by buying that piece of land to rent out, work on obtaining funding for that dream you have always had on how you could be rich and no ma-bloggers I am not saying that we should just start by opening tuck shops or operating telephone containers is every corner just cause we have seen some people make a success out of it. take a risk and venture on something new, develop a network that will leave you wealthy or is the fear of failing much to great for us that we prefer to only stick to what's been proven to be a success. Like expecting a salary from some boss at the end of each month?
So in summary ( I can see the article is long, you may forget what is this all about) How do we progress from just being self sufficient to wealthy human beings? Do we want to do that or is better to just let the cycle of struggle continue to the next generations?
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