Your life should be a series of consolidations, and a series of quantum leaps.
Consolidate in a given area for x amount of years. Then leap.
Consolidate, leap, consolidate, leap.
Biggest issue I see, is people living scattered, and failing to consolidate in their life.
@POTUS Forgot to mention billionaires hold no cash, and borrow against their net worth, thus bringing their tax obligations to 0. This has, and always will be the case.
@RealRossU Regardless of what the courts decide in his fate, Ross Ulbricht ushered in an era of growth, progress and change that is unparalleled. May he see the light of freedom soon.
@Thedonofstocks This is absolutely true. Most wealthy people are good at one thing, and bad at everything else (why their lives are outsourced). When you can verbalize, eloquently, your competence in a given field or practice, your perceived value and respect 100x's.
@realEstateTrent Crazy. I've heard this so many times, too. Rich wall St guys grinded their butts off for 3 decades, finally securing 9-10 fig nest eggs, only for their kids or even son in laws to sell off in a heartbeat and burn the cash in Monaco in a few short years. Wild.