Are You Mature Enough to be Wealthy?

Getting wealthy often can be like giving a Ferrari race car to a 15 year old boy. The likelihood of death or bankruptcy is high. The earliest average age that I have seen someone successfully become wealthy and still able to function right and to maintain that wealth for themselves, their family, their friends and to be a good help to the world in general is about age 30. There are a few exceptions to this but not many.

So, even though 100  people might become rich, only about 10 of those will have successfully navigated the treacherous waters of being rich more than 10 years without dying, going bankrupt or worse.

So, you sort of have to ask yourself, "What are my priorities in life?" Unless you are really clear with yourself, your family and your friends about this one question and are disciplined enough to become wealthy in a good way for yourself and everyone you know, then being rich isn't a good thing for you or the world yet.

The biggest problem is not usually getting rich (even though most people wouldn't necessarily believe this). The biggest problem is actually learning to be disciplined enough to stay rich for a lifetime or in a multi generation sense. This is the real challenge. For, what it takes to become rich has nothing at all to do with staying rich. Not really.

So, maybe the first question one should ask is: "Why do I want to become wealthy!" If you say "I just want to be rich." That isn't a good answer at all. That answer means to me at least that if you became rich you soon would blow it all in almost any way. But, if a person says, "I want to become rich to help my family and friends and my area and country", then that is actually the best answer of all as long as that person knows the principle that "Never spend Capital investment" and only spend and donate  interest and dividends. In this way you can be "The gift that keeps on Giving" to your family, to your friends, and to mankind.