When faced with a choice of committing yourself to a long term financial obligation such as buying a car or taking out a loan, at that point, do you feel you have the right knowledge and tools to understand the long term implications?
When you receive a lump sum, what is the best decision to make with it? Perpetuation cycles looks into the long term effects of the choices you make in context of other obligations you face in life, with the objective of finding which cycle you will begin to perpetuate.
Committing to negative long term obligations or making decisions that make you poorer obviously don’t serve you. So often, you are unaware that the products and services on offer, will lead to a perpetuation cycle of poverty, only to realise many years later.
Understanding perpetuation cycles empowers you to ask the right questions to ensure the long term commitments you make lead you on the right perpetuation cycle.
There are many way to become wealthy. The key is to ensure the wealth you have access to is used to perpetuate continuous cycles of wealth.
Wealth can be measured in so many way, so no matter what your circumstance are, you can empower yourself to make better decisions to improve and grow your wealth over time and evolve your goals as your circumstances change.
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