Lessons From the Field #11:
It is Not About You
A major flaw in most family leaders’ long range wealth planning is not looking beyond themselves. As you watch today’s 55 seconds, you may want to ask yourself:
The wisdom, knowledge, and skills those you love learn while you are alive, that they can use when you are gone, is much more valuable than the amount of money you leave behind.
As a family fiduciary, it is a big mistake to treat your family wealth as though it is yours alone.
Ebenezer Scrooge realized it in a dream when he got a peek of the future at did not like what he saw.
It’s been said that… “Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.”
In his insightful book, “Borrowed from Your Grandchildren”, Dennis Jaffe reveals the secrets of 100-year families who have managed to keep their wealth growing by continually grooming the next generation.
True family wealth is much bigger than any one person.
What do you think your family wealth is going to look like in 100 years?