Inheritance

Christians’ Wealth Creation

Itai Chapunza A GENUINE leader understands the struggle and difficulties of getting into industry. Regardless of what business it is, there is an element of struggle when getting into it if you are the first generation in your family to do so. Not only getting in, but there is a whole set of handles you must encounter in order to stay in. Again these are more acute if you are the first generation to do so. Proverbs 13 verse 22 A good life gets passed on to the grandchildren. Ill-gotten wealth will end up with good people.

There two principles that we get from this portion of scripture. The first being, a good life is passed onto your grandchildren. The second wealth that transcends generations is wealth gotten in a biblically accepted manner. Because God is sovereign, these principles will apply to both Christians and nonChristians. The statement “a good life is passed on to the grandchildren” can also be interpreted to mean, a good inheritance is one that encompasses even the grandchildren. This means that when you work, have your grandchildren in mind. Do work only for consumption, but work for the future. Simply put, poor people invest in today, rich people invest in tomorrow. Investing into the future of your grandchildren eliminates the element of struggle of breaking into whatever industry. Children who are backed by the hard work of parents who invested well struggle less to achieve their goals.

Rich people have found a way to ensure generational wealth in their families. This they have done by investing in things that preserve wealth. While they work, they buy properties. Not just any property. But they buy prime property. If a property cost them hundred thousand today, twenty years into the future the grandchildren will inherit a property that has tripled in value. A property of this value will attract around five thousand a month in rentals. This means even if the parents of this child do not invest in any way into the future of the child, the child will have a guaranteed fife thousand per month to begin digging foundations of their own dreams from the time they are born. Imagine how much more money the child has if the parents invest in the same manner or better. Money generally will unlock all necessary doors for the child. Another way to preserve wealth for the future is taking up policies that will make a huge pay out to your child once they are of age. Some buy art to preserve wealth. A basquiat painting costs around sixty thousand today, in twenty years it may be a million dollars, if this painting is rented out to an art galary, it could generate a huge monthly income. Since nine years ago, others have been buying crypto currencies and their value is soaring every day. It is really important to invest with your grandchildren in mind, it will change the direction of their lives.

The unfortunate thing is that, although many of us are very hard working and think of our children we invest in the wrong things. Very often we pride ourselves in that our children will inherit our cars. What we fail to see is that in the next five years that car will be valueless. I remember the days when doctors used to drive the Mazda 626. It was a car of the wealthy, but when the value of the car began to fall because of introduction of better cars, the wealthy began to dispose it to the poor. The poor rushed to the banks to withdraw their savings and grabbed them quickly because they were a status symbol, two years later the car was worthless. Today very few are on the road. If they are, they are either driven by a rich old man that loves it, or a man that wants to get from point A to point B. Simple example that shows that the poor do not know what to invest in. You must consider its future value.

The second principle speaks of ill gotten wealth. It is usually quickly lost. When you are a thief and you steal money or something worth a lot of money, the chances are, you will not get to enjoy the money. One of three things may happen. The first obvious one is that you may go to prison for it and lose all of it. The second one is that you will lose a great chunk of it on lawyers and court cases while trying to dodge prison, the third is that you may get away with it, but end up losing the money through bad investment because of financial illiteracy. The conclusion that a thief is financially illiterate comes simply because if you understood money, you would know there are far better ways of getting if than stealing it. True wealth is gathered little by little. Rome was not built in one day, but it is a result of compounded effort over many years. Today Rome is more than just a church’s headquarters, it is a city. Our world is flooded with get rich quick schemes. People think they can dodge the equation of wealth. I see a lot of books that claim to give people keys for quick easy wealth. I have news for you, it is all a waste of time. Wealth is a result of the simple old method. Work hard, save, think and invest smart.