Hello Hive
If a tree can be grown from the scratch to become one of the largest specie in the forest and like our dear mustard tree, it can as well diminish if proper care is not giving to it.
Have you ever wondered why that tree has grown huge over the years and can now stay standing tall for years?
- Sustenance and adequate care might be the key here.
Yesterday we pondered about how much money one needs and is likely to spend in his entire lifetime.
It is very pathetic how some people work even until old age trying to gather more money and wealth when the game can be twisted around a bit.
Are there certain factors that contributes to the diminishing of ones wealth and why your net worth can start going from $30 million dollars to $20 and below or why one rich individual overtakes one another when we count the wealthiest on earth in ranks?
The game is fast changing from how to make More money to how you can build and sustain what you have.
It is possible not to work your entire life making more money but to now turn and make the little money you have work for you.
Your money can now work on its own and with proper management and vast knowledge of different kinds of investments you can put your money into good use.
If your wealth is diminishing, you probably may not have invested, or have invested in the wrong scheme and it is equally possible that you haven't spread out your investments enough, as you cannot put all your eggs in a single basket.
Financial knowledge and the new economics we ought to learn now is not just about how to make more money daily but how to generate wealth out of the little we have and sustain that status quo whereas one of such requirements is learning to strike balance between our assets and liability or what we need to invest more in and what not.