Easy come, easy go…
…am sure you heard that one before…!
When you come into something too easily, you sure do want to spend it, right?
Well, why not?
However, do take that one step back.
Let’s explore the possibilities here.
You can spend it all. Have a blast. Blow it up. Yeah. We’ve touched upon that. Know many people like that.
Or, you can save some and spend some.
How about that?
Who’s asking you to save it all?
You like spending?
Fine. Spend. A bit. Gratify your most burning desires without injuring anyone’s fundamental rights.
Then, save the rest. Pickle it. Look away. Move on with your life.
Lady Luck smiled. You got your one-off dose of wealth. Use some of it to make wealth a permanent feature in your life.
For that to happen you’ll need to invest, be patient, compound, reinvest and what have you, till many many cash flows take care of all your needs.
From which point did it start?
From the moment you decided to save some of your corpus and provide it with the necessary environment to grow.
It’s a basic decision…
…, yeah, a real simple one…
…that’s tough to implement.
Try retaining wealth.
You’ll then know exactly what I’m talking about.