2022-11-17 11:42:05
You may have heard the term “Generational Wealth” and thought, "Wow, that sounds important."
So, what is Generational Wealth?
Generational wealth includes financial assets, such as property, investments, money, or anything with a monetary value that you pass down from one generation to the next. Intangibles like financial education, values, and habits are an equally important part of the equation.
It is important to remember that building multigenerational wealth requires more than financial assets. For example, if you win a large sum of money but do not have the financial knowledge to manage it, then the money will likely not last through the next generation. Financial Education and sharing these tips will begin to create the foundation for lasting wealth.
Allow me to share one of the most impressive speeches I have heard in a very long time. Coming from a famous basketball player named Aaron McKie; he said the following:
I had a conversation with a friend one day. We were talking about family and life. And I asked him, "How do you see your kid's future? And he said to me, "My grandfather walked 10 miles to work every day. My father walked 5. I'm driving a Cadillac. My son is in a Mercedes." He said, "My grandson will be in a Ferrari." But he said, "My great grandson will be walking again."
So, I asked him...”Why is that?” And he said to me, "Tough times create strong men. Strong men create easy times. Easy times create weak men. Weak men create tough times."
He said to me, "Many will not understand, but you have to raise warriors." That's what coach instilled in me and so many like me. The strength and courage of a warrior.
- Speech by Aaron McKie.
Rather than the courage of warriors, I see “weak men” in some of our IMAs whose focus is on exchange and so are frequently asking for an exchange. They don't know what is behind this particular question... Many who are asking this question don't understand the concept of cryptocurrency, while some mined their ONEs for a wrong reason. They wanted to participate in a get-rich quick scheme. In the first place, they don't fully understand the concept or the vision behind Dr Ruja creating the ONE cryptocurrency.
They can't imagine how dangerous is to become rich quickly!! It is like winning lottery... They don't know that many lottery winners go broke after a couple of years.
If they don't work hard for their money, they will not understand the real value of it. Many people who get rich quick or by luck, stop spending logically and start spending emotionally. They don't understand that money which comes fast gets spent fast.
They have to understand that they need Financial Education in order to effectively manage their money in a correct and clever way. Please note that helping people to become financially educated is what we do in our ONE ECOSYSTEM.
It is important to remember that you can always fall much faster, when compared to the time you took to climb to the top.
Best regards,
Hamza Zerigui
۞
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