Instead of buying your children all the things you never had, you should teach them all the things you were never taught. Material wears out but knowledge stays. – Bruce Lee
For those looking to impact the next generations of their families, most of the attention is focused on estate planning and passing wealth. For even wealthy families, much of their wealth doesn’t last beyond a few generations before it’s gone. So it’s important to plan and put in place strategies to preserve more of your wealth.
However, potentially even more important than passing wealth is passing on your values, experiences, insights, and knowledge to the next generations so they can reach their full potential and create their own independence.
Check out a Facebook Live I did recently that touches on the power of the Family Bank strategy and how it can provide the resources and knowledge to the next generation so they can own their futures.