Do you know our brain is programmed like that we can not think beyond a certain point of time? That is the reason we mainly focus only on the goals which are going to hit in the short term within 5 years max. Beyond that, we are either incapable to think or we do not want to think.
The majority of people want to be wealthy and desperately desire to accumulate 1 crore, 10 crores, or 100 crores in their lifetime, but how many actually believe and plan to get it in long term through investments. In fact very handful of investors able to do so. The reason for failure could be many but the reason for success is clarity of vision!
Generally, it is a 20 - 20 - 20 formula which says the first 20 years you should accumulate 1 crore, then 10 crores in the next 20 years and you will have 100 crores in another 20 years thereafter. The problem here is that we never plan for the initial 20 years and therefore subsequent 20 + 20 years have to get deviated from the targeted amount by a very wide margin. This results in generation after generation struggling for financial independence.
Financial Short-Sightedness is thinking only of today, tomorrow, or next year and not the next decades & onwards. An inability to see the future clearly unless it is relatively close!
Also remember, It is the law of the Universe that says if no one had planted a tree, nobody would get the fruits - all will be deprived of it forever. Thinks of your some investments for a pretty long term of 20, 40, or 60 years. What will happen if you don't get the fruits in your lifetime, probability of your next generation to get it, would be high! If you belong to a salaried middle-class category, then the sacrifice of one generation required to achieve financial freedom for the next generation.
Are you ready?.
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