Why the Rich do to earn, increase and keep wealth?
Money is one thing that billionaires have gotten as a reward for their efforts both in the past and currently. Billionaires in the past have been able to build wealth sustainable enough for their children in the future and so are billionaires in the present generation pulling strings to make sure things work fine for their future generations. The goal of every billionaire after doing business and getting money as a reward is sustainability.
Billionaire have learnt to invest both short and long term so as to keep their wealth growing and stable. They work both on competitive advantage in the turtle race as well as dealing in high risk high return investment. Investing based on trust and trends just the same way they spend based on trends and trust. The reason Warren Buffet will keep investing in Coca-Cola is because it has become a traditional name which he trusts, also the reason why he is investing in Apple is because it is the trend of the moment and people can wait on a long queue just to get the latest iPhone.
Although a few wealthy people like to show their wealth to the public, especially those who made money in this generation while so many others do not want to flaunt their money even when they spend a lot out there. The truth about the wealthy is regardless of their spending, they aim to make more money at the end of the day. Earning more money each day and achieving goals every day is important for the wealthy.
Either trying to make more or get more money, the most important thing about the wealthy is getting the money to last for a very long time. The money to be made by the wealthy is something they want to leave for generations to come (who wouldn’t want to have money for their children). Never screw up the money is the intention of the wealthy. There is always a transfer of wealth and the more the rich can keep it, the better.
Image: business insider
Hello friend, an interesting topic, I think that many of the rich have been quite intelligent, have known how to organize themselves and make their fortunes grow, have created strategies to maintain and expand their capital which is important. It's no use exposing yourself as the richest person in the world, the important thing is to continue being the richest! Greetings!
Very nice topic, the wealthy do very well to instill the need to cherish wealth into their children and they teach them the great importance of how the wealth needs to be transferred from one generation to another.
Congratulations! Your post has been selected as a daily Steemit truffle! It is listed on rank 15 of all contributions awarded today. You can find the TOP DAILY TRUFFLE PICKS HERE.
I upvoted your contribution because to my mind your post is at least 1 SBD worth and should receive 63 votes. It's now up to the lovely Steemit community to make this come true.
I am
TrufflePig, an Artificial Intelligence Bot that helps minnows and content curators using Machine Learning. If you are curious how I select content, you can find an explanation here!Have a nice day and sincerely yours,
TrufflePigThe rich usually take their time to consider a certain investment before they do it understanding the value of investment and doing it the right way usually helps them keep their wealth.