In today's world of economic foolery, there are abundant examples of people, businesses, and especially governments making poor financial decisions. These decisions not only affect the individuals involved, but also the world around them. When a parent makes a poor financial choice, their family suffers the consequences along with them. Even worse when corporations or governments act foolishly. Though the motives behind these decisions can only be measured by the Creator. The influence and impact that these decisions have had on our world, is clearly evident.
It can be argued that it is the culmination of poor decisions made during the last two centuries, that has given rise to the new world of cryptocurrencies. The beauty of this new world, is that it does not discriminate in terms of who can take advantage of its new opportunities. With every great shift that has occurred in our history, whether economical, political, or industrial. Along with it came a massive transfer of wealth. Mike Maloney says that wealth is never destroyed, it is simply transferred from one place to another.
Crypto currencies are barely in their infancy, yet there are already countless examples of these types of wealth transfers. Yet with great opportunity, comes great responsibility. Any worthwhile opportunity encountered, will be accompanied by a required set of skills and disciplines necessary in the for fulfillment of its resulting responsibilities. With the emerging world of cryptocurrencies, there will be countless opportunities given to individuals all around the world. Though many of these individuals will not only meet, but surpass the requirements of these new opportunities. There will also be many more who don't.
Proverbs 21:20 says " A fool and his money are quickly parted". So many people believe, that the solution to their problems will come when they earn more money. Yet there's a problem with this assumption. How is it possible that a person that earns $30,000 a year will say," If I could only earn $50,000, my problems would be solved." Yet there are individuals earning $100,000 who also believe the solution to their problem comes from earning a higher-income. Meanwhile there are individuals earning $30,000 that have learned to live within their means, and have even accumulated a savings.
Earning a higher income does not guarantee financial stability. A great example of this are the countless number of people who either won the lottery or received a settlement. Yet just a few years later, were found to be an even worse financial conditions. Then they were before receiving the money. Though they had acquired a significant amount of money, they did not acquire the discipline and wisdom needed to keep that money. The acquired money allowed for choices that were not available to them before. Yet their level of understanding and discipline ultimately dictated the outcome.
The economic shift has already begun, and with it one of the largest transfers of wealth ever recorded in history. Though only in its beginning stages, there are countless of individuals who have already received large sums of wealth. With even more correctly positioned, and waiting their share. these individuals saw an opportunity, and were brave enough to take advantage of it. For this they were rewarded.
Though the wealth that has already been released is considerable in size. It is but pennies compared to the wealth, that the laws of economics have scheduled for relocation. Yet similar to water rushing out of a cracked dam. The wealth released will likely do some traveling before it comes to a place of rest. It will flow from the hands of those who are not prepared to store it, protected, and use it wisely. To those who are. Developing the necessary disciplines in a desired area takes time. Therefore wouldn't it be so foolish to wait until acquiring a large sum of wealth, before choosing to develop the necessary disciplines to keep it.
Though having wealth will resolve many of our current problems, the wealth itself will bring with it an entirely new level of challenges. If we truly believe that we will be on the receiving end of this wealth transfer, and even if we are not a hundred percent sure. Having a plan in place will multiply our chances of success. By intentionally developing are disciplines early. We not only discover our weaknesses, but we've given ourselves time to improve on them. In the process We come be reminded that our understanding of finances and taxes is less than desirable. We could come to realization that our self discipline in areas like delayed gratification are in need of strengthening. Everyone has areas of weaknesses, but by taking the time now to strengthen them. We give ourselves a stronger foundation to handle the challenges of the future. Thereby increasing the odds it's not only our success, but of those of future generations.
Thank you for sharing with me. I wrote this article as a reminder to myself of the importance of strengthening my core self-disciplines, knowledge base, and skills. Small achievements can become distractions that lead us away from the dreams we are chasing. By developing our cells personally we can avoid these distractions when they come.
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Thank you and God bless. :)