What a great feeling it is for me to introduce the cover of our new book.
Garrett and I have been working on it for over 8 months now.
We are so close on having this in print and ready to be consumed by all of you.
Literally weeks away.
Here is an excerpt from it:
A Critical Discovery
“Only the man who does not need it, is fit to inherit wealth – the man who would make his own fortune no matter where he started. If an heir is equal to his money, it serves him; if not, it destroys him. But you look on and you cry that money corrupted him.
“Did it? Or did he corrupt his money?”
Francisco d’Anconia, Atlas Shrugged
Imagine one of your great-grandchildren presiding over a family fortune of tens of millions of dollars–or even hundreds of millions of dollars. And imagine that, when your great-grandchild receives a check to help pay for education, or buy their first home, or to start a business or even to help survive financial disasters like medical bills, illness or disability, that your grandchild gives a quick toast to your memory.
Your grandchild toasts to you because you started it all. You amassed wealth and left behind a set of values and a financial legacy to shepherd that wealth.
Is this possible? Is it possible for you to not just leave your kids better off than you were, but to spark a financial legacy of wealth and empowerment that lasts for generations?
Yes, it is. It’s possible to create a family fortune that lives on in perpetuity–benefiting generation after generation after you–and it’s possible to do it without creating “trust fund babies” who know how to spend money and little else.
Instead, your wealth can be used to empower future generations. It can act as a launching pad for all of their endeavors, whether those are professional, academic, charitable or entrepreneurial in nature.
It’s not easy and does take careful planning, but it has been done. For real world examples, we only need to look into America’s past. In the 19th and early 20th centuries, two of America’s wealthiest businessmen amassed incredible fortunes that each separately towered over the fortunes of Bill Gates, Warren Buffett and Mark Zuckerberg combined.
Their names were Cornelius Vanderbilt and John D. Rockefeller, and the story of what happened to their fortunes embodies a lesson for anyone planning to leave wealth for the next generation.