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| Kano Female Politician, Hajia Zainab Abacha with a male guest (Rule 70) |
We’ve already
said you need to think long term., trying to get rich quick only leads to
disappointment and over-anxious hustling. And you do need to build a good base
or your financial castle can topple at the first gust of wind. The longer you
take to make your money, the more diverse you’ll be with investments and income
streams. The quicker you make your money, the more likely it’ll be a single
strand and thus easy to break.
said you need to think long term., trying to get rich quick only leads to
disappointment and over-anxious hustling. And you do need to build a good base
or your financial castle can topple at the first gust of wind. The longer you
take to make your money, the more diverse you’ll be with investments and income
streams. The quicker you make your money, the more likely it’ll be a single
strand and thus easy to break.
Getting rich
over time usually means you’ll:
over time usually means you’ll:
• Build
long-term income streams
long-term income streams
• Be insured
against recession or sudden and negative market downturns
against recession or sudden and negative market downturns
• Have time to
have a life as well – that old work/home relationship is less likely to be
fractured
have a life as well – that old work/home relationship is less likely to be
fractured
• Be better at
making money honestly and decently
making money honestly and decently
• Have time to
make the relevant adjustments and thus not so likely to rush out and spend
inappropriately
make the relevant adjustments and thus not so likely to rush out and spend
inappropriately
“Personally I would rather make my money
slowly and enjoyably and not have to sue anyone to get it – or win the lottery,
or have a close relative die, or have to marry someone inappropriate merely
because they had a quid or two”.
• Gain the
experience necessary for long-term financial security as you go along.
experience necessary for long-term financial security as you go along.
If you make your
money too quickly there is a tendency to:
money too quickly there is a tendency to:
• Spend it
inappropriately
inappropriately
• Not have time
to learn to handle it well
to learn to handle it well
• Risk losing it
by having your income coming from one area only.
by having your income coming from one area only.
If you really do
want to earn a lot quickly you might like to take a leaf out of 81-year-old Stella Liebeck’s book. She sued McDonald’s because she burnt herself
with spilt hot coffee and was awarded initially $2.9 million – later knocked
down to a mere $640,000.
want to earn a lot quickly you might like to take a leaf out of 81-year-old Stella Liebeck’s book. She sued McDonald’s because she burnt herself
with spilt hot coffee and was awarded initially $2.9 million – later knocked
down to a mere $640,000.
This may not have been a deliberate game plan but it
did payoff and quickly. Personally I would rather make my money slowly and
enjoyably and not have to sue anyone to get it – or win the lottery, or have a
close relative die, or have to marry someone inappropriate merely because they
had a quid or two. Make your money slowly and you’ll enjoy it more. It will
last longer and you’ll sleep nights.
did payoff and quickly. Personally I would rather make my money slowly and
enjoyably and not have to sue anyone to get it – or win the lottery, or have a
close relative die, or have to marry someone inappropriate merely because they
had a quid or two. Make your money slowly and you’ll enjoy it more. It will
last longer and you’ll sleep nights.
From The Book; The Rules of Wealth by
Richard Templar
Richard Templar
(Read Rule
71 of Rule of Wealth tomorrow on Asabeafrika)
71 of Rule of Wealth tomorrow on Asabeafrika)
Read-to-Wealth Series
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