Ive advised ultrawealthy families for decades. The ones who stay rich do these 4 things.
News Source : Business Insider
News Summary
- The best way to keep your wealth for 100 years is not one brilliant decision, but hundreds of good decisions over many years.
- The most successful families instil a sense of purpose in the next generations.
- They foster an environment where the children and grandchildren don't feel entitled, but are motivated to make their own way and add value to the world.
- Very wealthy people tend to avoid paying cash for their homes because it's not the smartest way to do it.
- The right way to approach things is to be consistently intentional about all your financial decisions, and it's how wealthy families stay wealthy.
Rob Mallernee is the CEO of Eton Solutions.Courtesy of Rob Mallernee Rob Mallernee has worked with ultrahighnetworth families for more than 30 years.
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