The Patience that is Virtuous
Money Talks Book Review. I was asked the question: Are you being patient to others in the way you earn money? My Doctoral Dissertation was Developing a Legacy Giving Program for the Black Church, Enacting the Dr. Martin L. King Beloved Community. I learned a lot about being patient and generational giving since 2019 from the history of the Black Church since the 1900s. Namely, I learned about compound interest, the rule of 72, and when the worst stock market crash of 1987 occurred, the market still never lost money. I also learned that saving early and consistently is a mathematical formula for wealth building. In fact, a study was conducted with monkeys who selected stocks “better than experts and the stock market.” https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/?sh=53a4283c630a I also know more about Acorn, Stash, and Robinhood which are apps that offer different options to give consistently and over time that will raise capital at a more substantial rate than any checking or savings account. Another lesson is maximizing your contribution to your pension, particularly if you have an employer matching program. Patience is the key to generational, generous, and faithful wealth, and the earlier the better.
