Dynastic Wealth
We all know what it is...
But we don't know how to generate it... until now.
Dynastic Wealth is wealth that is built to last for several generations, if not centuries. It is (or has been) built with Real Tangibles like Real Estate, Collectible Rarities like Art and of course Gold. But along with that is an education that is far different for the inheritors, like wealth building, preservation and further education.
For our generation (and without that Dynastic Education), we are at somewhat of a loss. Yet we have a new future possibility for creating Dynastic Wealth for our Children, Grandchildren and Great Grand Children (as well as all of theirs). But today, too many are only concerned with their own lives and retirements (Lambos and the like). However did you know that 75% of professional football players end up broke! Well the same issue will befall flash millionaires in Crypto as well.
First Mistake is to spend like there is no tomorrow and that cryptos will go up forever. What happens as example if you buy a huge mansion on the ocean that cost several million free and clear. But do not consider the huge taxes, upkeep, staffing, insurances, security, etc to keep it covered after the cryptos stop rising, flatten out drop or are transferred into something else (Like our current currencies and equities are now changing into crypto)?
Dynastic Wealth is Created with Education
We must first keep up on governmental, societal, technical and environmental changes, understanding that nothing is forever. We must now when to exchange what we have now into what is needed and desired in the future. Is that food, shelter, businesses.... what ever it is, it must be sustainable and perpetual and this is the type of education the next generation must receive and pass on. Change is inevitable and constant, only our minds and spirits can determine what the current time warrants, but it must also be trained to be flexible to see and respond with future evolution.
Might as well start now.... where is that Kid!
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#Kyusho
Image Credits: thetimes