Becoming super rich: A lesson on wealth accumulation


What is wealth. What is really valuable in life? Some people buy shares in a firm and hope to become rich as the company grows. Others understand that what is considered trash to one man can be converted into treasure by another. Many people believe that having money or cash equals wealth or success. This latter group will get the shock of their lives when they wake up one day to find that their bank has been closed down, never to open again. There also also those who think investing in a house/property will increase their wealth. It’s all a matter of perception.

Let us take into account the riches of various countries. Africans are counted among the poorest on the face of the earth despite being the source of most valuable natural resources in the world. Africa has all the raw materials that man cannot live without, yet its people starve and live in abject poverty.

Why is this the case? To help us answer the question of what really represents true wealth, we must consider the fact that all over the world, the central banks that print (create) money, have been accumulating gold reserves to back up their fiat money. For thousands of years humans used gold as a measure of wealth and things changed around 1933 when the United States of America god rid of the gold standard. Take a country like Kazakhstan whose official gold reserves have increased nearly 3 fold since 2012 and it seems that all the gold they produce directly goes into the country’s central bank’s reserves. They are not alone, the Chinese, Russian, Indian central banks have also been increasing their official gold holdings in the recent past. Why are these countries storing and accumulating all this gold. Do they know something other countries don’t?

The simple truth is simply that while Africans accumulate money in exchange for all the natural wealth, the wise western world accumulates useful raw materials with which to produce real goods for use in everyday life. Money is simply a tool for our use. Gold or any other natural resource stores the value of something – a cow, a sheep, a tent, a camel, a field, a bag of corn – until you spend the gold on what is needed.

The bible tells us that wisemen brought Christ valuable gifts of gold. Also genesis informs us that, In “the land of Havilah . . . there is gold. (The gold of that land is good; aromatic resin and onyx are also there.)” (v.12). From Eden it was but a step to Havilah and its good gold. There was also ‘aromatic resin’ to be found there, so the translation of the New International Version reads. Do you see what we are being told, that in this perfect world there were diamonds and gold? In fact there is an ethical judgment passed on the gold that it was ‘good’ gold, not simply that it was pretty and useful, and certainly not that it was a snare to be avoided.

Aside from being well-know to be a wise king, Solomon was also renowned for his wealth, and the Old Testament states that he was the possessor of “gold according to all his desire”. By the end of his reign, it is estimated that he had accumulated some 500 tons of gold, which, today, would be worth well over R60-trillion. His love of the precious metal is evidenced by the fact that he had drinking cups made of pure gold and had 300 shields made from it, while his great throne in Jerusalem was made of ivory and gold. On the steps leading up to the throne stood 12 life-size golden lions facing 12 golden eagles. Apart from gold, Solomon is said to also have had large quantities of silver and copper. The gold, silver and copper were used to adorn the First Temple, the main temple in ancient Jerusalem built by Solomon. Whether or not you religious, it would be foolish of you to ignore the pearls of wisdom contained in this book.

To accumulate is to foresee our anticipated needs and to respond in advance. Accumulation is not storage, but the collection of ideas of use, of constructive solutions, of technical systems and materials that flourish during a crisis. By accumulating, we create a mental map of what is stockpiled, an echo of the potential of each object or saved fragment. Accumulation proposes a new rhythm of grass-roots production practices. Accumulation is not a passive act—it is creative. Some things can be recycled, repaired or reused even in a different context than that for which it was designed.

Accumulating broken artifacts is handwork that pushes “the industrial” to the realm of the popular crafts. These actions remove the distinctions between TVs, stones and seeds.

We hope and trust that after reading this post you will start to pay attention to what you work for, value and accumulate. Man has three essential needs….that is food, clothing and shelter. Whatsover you gather should empower you to meet at least one of these basics, especially the need for food. This is a simple truth that we often forget in our busy and competitive lives. Here is some African wisdom to prove the point. Because grain was a form of currency, ancient Egyptian silos functioned as a bank and a food source. All the agricultural wealth of the Nile valley was saved and stored in these silos, whose size was a measurement of the wealth of the community.

A man with an empty wallet may very well be the richest one amongst us. Don’t be fooled by the Forbes list of the richest men and women on earth. Donald Trump is not rich because he has the most the most cash in the bank. However, he owns a variety of productive assets which can be converted into useful products to be sold to the masses to meet their needs.

Our aim at Luckysters is to feed you nothing but knowledge and wisdom. Proverbs 3:15 says “Wisdom is worth more than silver; it brings more profit than gold.” We cannot agree more.

To end with, let’s borrow from Earl Nightingale – ” Everything that’s really worthwhile in life came to us free. Our minds, our souls, our bodies, our hopes, our dreams, our ambitions, our intelligence, our love of family and children and friends and country. All these priceless possessions are free but the things that cost us money are actually very cheap and can be replaced at any time.”

So please stay tuned to our school of wisdom. If you want to further enrich your mind by tapping our infinite bank of intelligence, email: themba@luckysters.com

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