Wealth gained hastily will dwindle, but whoever gathers little by little will increase it. —Proverbs 13:11
You hear about it all the time, the lottery winner whose life is destroyed by their instant wealth. They don’t have self-discipline to deny themselves ridiculous purchases, they haven’t learned where to go for help for money-management advice, and they don’t know how to deal with all the requests from friends and family for loans. It’s a living illustration of this Proverb’s principle.
Adversely, when you build wealth over time by making strategic, thoughtful decisions, you’re learning how to care for it. You’re learning the diligence and responsibility that will help you manage your money better.
This article was originally published on October 31, 2016 by CDFAcapital.org. Article re-posted with permission. Click here to read the original article.