Part 5/9:
Understanding this concept can radically alter one's investment approach. Investing $1,000 at a steady 10% could lead to significant wealth over time. However, the true value lies in the ability to leave behind a legacy, ensuring future generations are financially secure.
Protection: Safeguarding Your Wealth
The third principle centers around protection. After establishing a solid base of stewardship and experiencing growth, it becomes imperative to protect your wealth. This is primarily done through diversification.