The idea is to ensure, the sperm of your kids sperm, the sperm of your kids kids sperm brings a kid who will live in comfort, there basic needs met.
So that means, you should work to grow wealth that will sustain generations and generations to come. God forbid, just in case, one member of your family screws up, doesn't get a job, or gets fired, retrenched or such a normal calamity occurs. Will your lineage be able to sustain itself or become extinct? If you stored your wealth, then your lineage will be able to sustain itself, ensuring it doesn't take a step off the ladder in downward social mobility. (that means it will not find itself in the cycle of poverty) Not everyone can come out of that, it takes exceptional perseverance, exceptions resilience, and by the time you are down there your values have changed. How has it changed? You start buying stuff to assert yourselves, to look important, instead of actually getting stuff to help you survive comfortably.
No, don't go away, am on to something here.
Classic case, let's talk presidents. If you were a president, I mean of a country, a company that almost collects as much profit as a whole country's tax, you are supposed to store your wealth. Yes, it's as simple as that. You start by building a castle, like Lord Egerton's, but a castle of this time and age, maybe like Downtown Abbey (google that).
Why? Cause if you get f**** up kids, who squander everything, they will need a place to stay at least. Something that is almost permanent. Every single month, when you have a castle, you calculate your wealth & include it in that calculation. I am worth this & this, plus the castle. The idea is that it's good enough, strong enough, impressive enough to last generations.
Now this is where our generation gets it wrong. Land rover, range rover, Mercedes Benz, Subarus. Boss. This things don't get passed on, the fade like clothes, they lose value like flowers. Depreciate in value by ten percent from the moment you take it out from the shop. Let's pick a silent car, a car needs these things called controller arms, those get ruined, one cost around two hundred k. Hmmm the car has got to move, you sign the cheque!
Am not saying cars are bad, cars are an accessory, they are the symbol of success, they are skirt chasers, they are door openers, they are ego busters, they are umberellas, the are shagging get-aways, I mean back seats & sh. But at the end if the day, it's not good taste to store wealth in de-valuing cars, antique cars are something else though.
So you are president, your kids might not be president, cause that's just undemocratic, but your kids kids should be, or someone who comes though that blood line, why? Cause they need to give your wealth portfolio a ka-boost to last another century. Get what I mean?
So everyone is adding, everyone is contribution in your blood line, everyone is sustaining, anyone who screws up, has a cushion, anyone who is born unable to bring themselves up, has a cushion. They don't get a cushion when you live everything you make. They don't. They end up not having anything.
And it's not just that, there values change, there culture changes, they start thinking --> hey, life is short, have fun! And what do they do, they start buying stuff like everyone else to try to look like they own the world, but all they own are toys to show off. And when I say something like that, they say...
Imagine that's not important, it's not that serious. My friend it is serious, you are viewing this page using something you bought, the network you are using you paid for it, the food, the place you live, the medicine you buy, the consultants you see, the guard at the gate that keeps you safe, you not paying him with stone! He doesn't eat stones, transport to town and back. You f pay for it, so wealth is important. Wealth is not just money, it's anything of value, it's gold, it's stock, it's actual money, it's treasury bonds, it's houses, it's land, it's insurance it stuff that grows or remains constant. It's not fake leather seats, it's not cars that lose value, it's not over priced coffee, it's not drinks served at a premium!
Do you want the kids of your kids of your kids to find themselves in a position that will leave them food less, too broke to move, struggling, do you? If they are to struggle they should struggle to build what you have built. Not to start from scratch, starting from scratch requires too much effort.
It's not just your kids, it's you, if you had a billion right now, you were in slippers & torn shorts, you will walk in the streets with a certain air. You will walk into a hotel with a different stance. When you accidentally trash the hotel room, you will not get depressed, you will know you can pay for that sh somehow. But if you lived from hand to mouth, with your valueless sh. If you got an accident & you were in court, you will pee on yourself like I see people pee. Cause yes you have a nice car, you wearing a nice suit, but that's just image nothing to back it up. And that's the begining of your getting ruined!
So there are these f*** who talk about some guy who was on BBA being a show off, that he is flossing with his mothers sh. Guess what, his kid will be flossing with the sh his grand mother built his father expanded; and if all works well the cycle will continue, and guess what, after ten generations of that...
Any you wonder why they say 1% of the world owns half the world, different values, different cultures, different thinking, different beliefs, the bigger picture.
