To build wealth that is not only generational but also indestructible, you need to learn two main skills – making and multiplying money, as well as protecting it. According to billionaires Robin Sharma has advised, mastering these skills is essential for achieving financial success.
Building Generational Wealth
When building your wealth, it’s important to consider the long-term perspective and plan for transferring your wealth to the next five generations.
In addition, it’s important to bear in mind potential economic cycles and depressions and make sure your wealth can withstand them.
Mastering the Basics of Money Management
To battleproof your wealth, you need to become a virtuoso in what you do so that you are able to come back even if you get knocked out of the game.
Developing these skills requires understanding the basics of making, multiplying and protecting money.
Following the Advice of Billionaires
You can start by learning from those who have already achieved success.
Billionaires have a lot of wisdom when it comes to managing money and building wealth, so listening to their advice is a great first step.
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