Learn, know, Exercise patience
wealth creation is not that hard or should I say, hard itself if you understand some principles. Maybe I should start with that scenario where an investor turns $1000 to $10 million in 8 years. How many years would you serve the government as a worker to earn such a pension? Perhaps, never. But here is $1000 dollars worth of BNB doing such wonders. This still turns me into the fact that where I am going currently has direction.
In this article, I will be centering on these three principles of wealth creation. This will be an overview article anyway as I am trying to link it up with a popping. Starting from this current opportunity I have and I feel it will be very lucrative in the long run.
I discussed a part of this last week concerning a corporate society formation that is pending. My first consideration was how financeable every individual making up the group will be. It is worth considering as I am not ready to find inconveniencing means to get back my investment.
Nevertheless, I have to look at the future of where this planned incorporation can lead to. I am considering the fact that we are talking about people here. First, the masses need to be considered as a huge advantage. We can achieve many things and duty within this team will be flexible. I am looking from a long term stance. Can this team go far, will the purpose of this corporation stand the test of time?
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This is where it heads back to those three words; learn, know and ‘exercise patience’. It has been a discussion I made with my copartner concerning it, and he also turned back to the level of knowledge that will make up this team. So how does learning help here?
First, without being willing to give in to exposure, you will shrink in the corner of ignorance. I don't know how they are planning to push this corporation but my idea was how we could make it a business that will grow to in turn pay us dividends.
This is where I will have to step in to expose them; at least without boasting I can say I have some business years experience I can share. That idea of contributing money to give out loans won't take this corporation anywhere. There are many industries we could leverage through this corporation and I will have to first share this vision with them.
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From here, we can break into knowledge. So what's a clear difference between learning and knowledge? Anybody can decide to enter a learning session but accepting the present thought and working on it, this to me is knowledge. Knowledge shifts a mentality from where it was to where it ought to be.
For instance, when I am done discussing my suggestion with them; one of the ways forward will be, what and how do you suggest we go about it? **This is where everything will get sweeter and better. I will have to let them know the key to success is ‘exercising patience’ even after every other checkbox has been ticked.
Anywhere, one can also say that exercising patience is also a stage of applying knowledge. The challenges of many is always this ‘quick quick mentality’. It has been a strategy I have had to let go. No good comes until you let it mature. Wealth is built, period.
To conclude, let me add, there will be so many opportunities to explore using this corporation; government loans, grants and bank loans are part of such. And who knows, we may hit up with some angle investors in the process. My idea is this, if everyone in this corporation is not on the same page (long term investment and reinvesting from compounding effects) many things will break loose.
It is something I will really need to take time and present when we enter a board meeting so that what is expected will not end in futility. Let's hope I am able to sieve off those old time gamble mentality from everyone making part of this corporation. It won't be an easy one anyway, not everyone is or thinks like an entrepreneur or investors.
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