Rich Person Says Family Wealth Is Good
Posted by Robert Louis on 10 May 2013 | Tagged as: General
Shocked? A recent series of articles in Forbes talks about the blessings and curses of family wealth. Well, the curse, I suppose, is that family members become unmotivated and give up trying to achieve something in life. One of the blessings is that it provides a cushion if someone tries but doesn’t succeed right away. Another blessing of wealth is the choices it offers. Of course, one still has to make a choice and we hope it will be a sensible choice. The author suggests that family wealth can be more of a blessing if the family can learn to work together, communicate openly and ask questions about what the family’s goals and (non-cash) legacy should be. Family wealth is a very good thing, certainly better than the opposite, but you still have to work to make it a wholly positive aspect of life.