Cayce
"It is the FEAR of the material conditions that wrecks the material body. It is the FEAR of this or that, that prevents a channel from making for the greater supply." [Cayce 254-85]
10 RULES FOR BUILDING GENERATIONAL WEALTH
1. Teach your children how to read financial statements before they turn fifteen.
2. Place your assets in a family trust to avoid devastating inheritance taxes and public probate.
3. Never leave a large cash inheritance; leave cash-flowing assets and strict instructions.
4. Buy whole life insurance to instantly replenish the family capital when someone passes away.
5. Document your business processes so your empire survives long after you step down.
6. Write a family constitution that dictates exactly how the wealth can and cannot be used.
7. Fund the education and initial business ideas of your heirs, but never fund their lifestyle.
8. Teach the next generation that they are stewards of the wealth, not just the consumer's of it.
9. Diversify your family portfolio across multiple continents and legal jurisdictions.
10. Make philanthropy a family requirement to build character and protect the family name.
See Also