Those who are committed to putting themselves and future generations of their families on the pathway to financial freedom have one thing in common: they embrace continuous improvement and lifelong learning. The Internet and the extensive investment in public libraries in communities across America have made information about everything—including prudent investing—widely accessible. Thus, for all except the most economically disadvantaged and technologically challenged among us, ignorance is no longer an excuse for poor financial choices, because reliable information is always at hand.
Even for disciplined people with good intentions and access to trustworthy information, financial success can be elusive when we procrastinate in developing and carrying out our financial plans. Long-term success requires each of us to follow through. Believing that current actions will produce positive outcomes in the future requires faith. We must make informed decisions and trust the process. Those who are the first in their family to achieve a modicum of financial or professional success may not have regularly seen the long-term rewards of delaying gratification, so occasionally losing focus or falling back on learned habits is not uncommon. However, we must forgive ourselves when we fall short of our objectives and get back on track as quickly as possible because persistence pays off.
Our future selves will thank us for the sacrifices and positive habits we develop today to break generational curses.
We must each also fight against structural forces that reinforce systems that make generational curses much more common and difficult to break among those at the bottom of the American caste system.
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