Legacy vs Generational Wealth
which would you choose?
Happy New Month Bestie!👋
As we gear up for the final stretch of the year, I hope September brings you exciting opportunities and fulfilling adventures.
Today, let’s dive into a debate that’s got everyone on Obasanjo’s internet talking — Legacy vs. Generational Wealth. If you’ve been scrolling through social media, you know this debate is everywhere. So, how do these concepts play out in our tech careers? Let’s break it down.
The Victor Osimhen Saga: A Little Backstory
For those who might have missed it, Victor Osimhen, Nigeria’s football sensation and starboy, found himself in the middle of a transfer tug-of-war this summer. Napoli didn’t want to keep him so Chelsea came knocking, and Saudi Arabia has also tempted him with a mountain of cash.
However his situation isn’t just about football; it’s about making a choice. Between building a legacy at a top European club or securing generational wealth with a jaw-dropping contract from the Saudi Pro League.
Legacy: The Story You Leave Behind 🏆
So let’s start with legacy. When we talk about legacy, we’re talking about building something that outlasts us. It’s about making an impact that people will remember long after you’re gone. Think about it—how do we remember tech pioneers like Steve Jobs or Mark Zuckerberg? Not just for their bank accounts, but for how they revolutionized the tech industry and changed the way we live our lives.
But here’s the catch—building a legacy is like trying to keep that streak on Duolingo. It’s satisfying, but it takes time and effort. You’ve got to be consistent, show up even when you don’t feel like it, and sometimes, you might not see the rewards right away. You’re playing the long game, and while it’s deeply fulfilling, it’s also something that doesn’t pay the bills immediately.
Pros:
Recognition and Respect: A strong legacy can earn you respect in your field. It’s about being recognized as a trailblazer, someone who didn’t just pass through but left a mark.
Inspiration for Others: Building a legacy can inspire others, especially in a country like Nigeria where role models in tech are so crucial.
Long-Term Fulfillment: There’s a sense of fulfillment that comes from knowing you’ve made a lasting impact.
Cons:
Delayed Gratification: Legacy often requires sacrificing immediate rewards for long-term gains. That can be tough, especially when everyone else seems to be cashing in now.
Pressure to Maintain Standards: Once you start building a legacy, the pressure to maintain those standards can be intense. There’s less room for mistakes.
Generational Wealth: Securing the Bag for the Fam 💰
On the flip side, we have generational wealth—the kind of money that doesn’t just set you up for life but takes care of your kids, grandkids, and maybe even a few cousins along the way. Osimhen had the chance to secure this with a Saudi contract that would’ve paid him more than most of us can imagine.
The beauty of generational wealth? It’s tangible. You can see it, count it, and pass it on. But it also has its pitfalls. If not handled well, there’s the risk that the next generation might not value the grind as much if they didn’t have to hustle for it. After all what’s the point of hustling if everything’s already handed to you, right?
As sweet as it sounds, the pursuit of wealth can sometimes overshadow everything else. It’s easy to lose sight of what really matters when you’re chasing zeros. The risk? You might end up rich but forgotten—just another name on a Forbes list that no one remembers.
Pros:
Financial Security: Let’s be real—money talks. Generational wealth provides a safety net that ensures you and your family are taken care of, no matter what.
Freedom to Explore: With financial security, you have the freedom to explore your passions without worrying about the next paycheck.
Opportunities for Family: You can provide your family with opportunities—education, travel, experiences—that they might not have otherwise.
Cons:
Risk of Complacency: When you have enough money to last several lifetimes, there’s a risk of losing that drive to push for more. Ambition can take a hit.
Less Impact: Focusing solely on wealth can sometimes mean you miss out on making a broader impact. Sure, your family is set, but what about your community or industry?
Bringing It Home: What Does This Mean for Us?
Now, you might be thinking, “I’m not a footballer with a multi-million dollar contract on the table, so how does this apply to me?” Well, whether you’re a student, a budding tech entrepreneur, or a seasoned tech professional, you’ll face similar choices. Do you go for the high-paying job at a big corporation or join a startup where you can make a real impact? Do you focus on building a personal brand that lasts or cash in on every opportunity that comes your way?
In tech, just like in football, the choice between legacy and generational wealth isn’t always clear-cut. The key is to find a balance that works for you. Maybe you want to build something that lasts, but you also want to make sure your family is secure. The good news? In the tech world, it’s possible to do both. With smart investments and strategic career moves, you can leave a legacy while also building wealth that lasts generations.
Why Not Both? 🤷♂️
Now, who says you have to pick one over the other? You can be the techie who’s leaving a mark and securing the future. Think of it as finding the sweet spot—where your work not only makes a difference but also sets you and your family up for a comfortable life.
Here’s how:
Smart Investments: Allocate a portion of your earnings to investments that grow over time, ensuring financial stability.
Meaningful Projects: Engage in projects that not only advance your career but also have a lasting impact on the community.
Balanced Approach: Strive for a career path that offers both professional fulfillment and financial rewards.
Final Thoughts
So, what’s your play? Are you building a legacy, securing generational wealth, or mixing both? Whichever path you’re on, just remember—it’s all part of this wild, unpredictable journey we call life. And honestly, that’s where the fun really begins.
Here’s to a September full of wins—both big and small! Keep grinding, keep dreaming, and most importantly, keep alive.
Catch you next week!
QOTD: “Table no dey turn again na who get sense dey change sit”