Posts Tagged ‘inheriting’

“Rather than inheriting lump sums of money, they’ll inherit an interest in a ‘family fund’.  The purpose of that fund is to help individual family members enrich their lives.  But how they do that must make sense.

Children can borrow from the fund.  But if they do, they must return the borrowed money with interest.  They can use the money to start businesses or pursue educations, but they can’t use it to buy sports cars or yachts.

They should also help the fund grow in value.  That way, when they die, it’s larger than it was—large enough to help their own children.” -Mark Ford

“When it comes to prosperity, there are few things as dangerous as inheriting money….” -Bill Bonner