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What The Rich Teach Their Children - Investment - Nairaland

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What The Rich Teach Their Children by Infocitadel: 9:07am On Feb 04, 2018
*What the Rich teach their children: Asset vs Liability*

One day, the son of a rich man, who was an undergraduate,
approached his father and the following discussion took place.

*Son:* _Dad, may I speak with you?_

*Dad:* _Go ahead._

*Son:* _Among all my classmates, I am the only one without a car. It is embarrassing.

*Dad:* _What do you want me to do?_

*Son:* _I need a car. I don't want to feel odd._

*Dad:* _Do you have a particular car in mind?_

*Son:* _Yes dad (smiling)_

*Dad:* _How much?_

*Son:* _$1600_

*Dad:* _I will give you the money on one condition._

*Son:* _What is the condition?_

*Dad:* _You will not use the money to buy a car but invest it. If you make enough profit from the investment, you can go ahead and buy the car._

*Son:* _Deal._

Then, the father gave him a cheque of $300. The son cashed the cheque and invested it in obedience to the verbal agreement that he had with his father.

Some months later, the father asked the son how he was faring. The son responded that his business was improving. The father left him.

After some months again, the father asked him about his business
again and the son told him that he is making a lot of profit from the business.

When it was exactly a year after he gave him the money, the father asked him to show him how far the business has gone. The son readily agreed and the following discussion took place:

*Dad:* _From this I can see that you have made a lot of money._

*Son:* _Yes dad. _

*Dad:* _Do you still remember our agreement?_

*Son:* _Yes_

*Dad:* _What is it?_

*Son:* _We agreed that I should invest the money and buy the car from the profit._

*Dad:* _Why have you not bought the car?_

*Son:* _I don't need the car again. I want to invest more._

*Dad:* _Good. You have learnt the lessons that I wanted to teach you._

*- You didn't really need the car, you just wanted to feel among. That would have placed extra financial obligations on you. It wasn't an asset then; but a liability.*

*- Two, it is very important for you to invest in your future before living like a king.*

*Son:* _Thanks dad._

Then the father gave him the keys of the latest model of that car.

*MORALS:*
*1. Always invest first before you start living the way you want.*

*2. What you see as a need now may become a want if you can take a little time to get over your feelings.*

*3. Try to be able to distinguish between an asset and a liability so that what you see as an asset today will not become a liability to you tomorrow.*

----------------------------------------
*The difference between the rich and the poor is that the rich look for assets while the poor look for liabilities...*

Identify yourself
Build yourself
Be yourself...

2 Likes

Re: What The Rich Teach Their Children by Infocitadel: 9:13am On Feb 04, 2018
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Re: What The Rich Teach Their Children by Ay04z(m): 11:14am On Feb 04, 2018
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Re: What The Rich Teach Their Children by Infocitadel: 1:26pm On Feb 04, 2018
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Re: What The Rich Teach Their Children by Infocitadel: 10:06am On Feb 05, 2018
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Re: What The Rich Teach Their Children by structuredan(m): 10:58am On Feb 05, 2018
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Re: What The Rich Teach Their Children by Infocitadel: 9:56am On Feb 06, 2018
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Re: What The Rich Teach Their Children by Infocitadel: 9:57am On Feb 06, 2018
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Re: What The Rich Teach Their Children by Infocitadel: 8:15am On Feb 07, 2018
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Re: What The Rich Teach Their Children by Infocitadel: 8:55am On Feb 09, 2018
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Re: What The Rich Teach Their Children by ardrockltd(m): 11:40am On Feb 09, 2018
Infocitadel:
contact me for guides on how you can invest or download the PDF link on my signature for investment guides
..the link is not downloading
how can u be contacted
Re: What The Rich Teach Their Children by Infocitadel: 10:59pm On Feb 09, 2018
ardrockltd:
..the link is not downloading
how can u be contacted
my number is 081 3539 0013

you can call or whatsapp me through the number
Re: What The Rich Teach Their Children by Infocitadel: 10:36am On Feb 12, 2018
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Re: What The Rich Teach Their Children by Infocitadel: 10:20am On Feb 13, 2018
*Getting off the Anti-Wealth Plan*

Though painful to say, most people go through their entire lives on what we call the "Anti-Wealth" Plan. Others call it the "40/40/40 Plan." That is, work 40 hours a week for someone for 40 years and retire with $40 in the bank!

That's somewhat of an exaggeration, of course, but the U.S. Social Security Board, for example, has reported that 85 out of 100 Americans won't possess as much as $500 in savings by age 65. And only 2% will be self-sustaining; the rest will be dependent on family, church, or the government! Now compare that to Nigeria Economy.

The main problem with a typical job is that when YOU stop, the money stops.

MAKE SURE you understand this: If you ever want to acquire real wealth, you're just not going to get there trading hours for money. The world's wealthiest people have known for hundreds of years that if you want financial freedom, you MUST be:

1. BBO: Big Business Owner. You have your own business and employ people to work for you. Examples are dangote, mtn and the likes.
But this is not always easy, it requires a lot of resources.

2. INVESTORS: Instead of working for money, they let money work for them and enjoy passive income from their Investments.

*WINThrills Network* can help you with Investment

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Re: What The Rich Teach Their Children by Infocitadel: 9:40am On Feb 19, 2018
*LET THIS SINK INTO YOU*
�����

*1 year in Crèche*

*3years in Nursery school*

*6years in Primary school*

*6years in Secondary school*

*1year for Jamb ( that's if you gain admission immediately)*

*5 years or more in University/Polytechnic (suppose there were no strikes in Nigeria)*

*1year for NYSC (That's if you are mobilized immediately)*

*That's at least 23 years of your life studying and getting education yet, THERE ARE NO GUARANTEED JOBS FOR GRADUATES*

*never forget that minimum wage is #18,000 naira��!!!!*

*Then you see opportunity as this and you say you are thinking about it?*
*Very Funny!*

*YOU NEED A PLAN B

*#THINK WINTHRILLS REAL ESTATE INVESTMENT.
Re: What The Rich Teach Their Children by Infocitadel: 7:59am On Feb 27, 2018
*WINTHRILLS NETWORK ESTATE/CRYPTO CROWFUNDING THE REAL MONEY MAKING MACHINE*!!!....

As Nigerians Winthrills offers us opportunity to access UK market with the best rate you can think or get elsewhere for a company of Winthrills reputation.
If Winthrills reduce rates to as low as 0.5% daily and remains consistent many would still invest................ 8 years consistency is not a joke abi which other online company has been this consistent this long?

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