Enduring Riches

Enduring Riches

• Posted by Steven Perron 

I was thinking just now about one of the things that is mentioned in the book “Think and grow rich”, what I am referring to is the quote “Enduring riches”, now what exactly does this mean, enduring means lasting, sustainable, continuing, etc, etc.

Now most of us might not think about this very much and just concentrate on what it takes to become wealthy ourselves in our lifetime, but what about our loved ones, are we thinking about them as well, if you were to die today and you have attained your dream of having a passive income of an amount that allowed you to have lived your dream and now you are dead, what happens to your loved ones? can they sustain your income flow, do they have the financial IQ to maintain it, or will they loose control and go broke within a very short amount of time, think of it like this, there are so many stories of people winning or inheriting a large amount of money, or a business and within a year or so they are broke.

This obviously is because they can’t handle the money; they did not get the financial education you did, this is why I believe it is so important that we share all the information that we learn with our spouse and guide our children the same way that the “Rich Dad” in Mr. Kiyosaki’s book did so they can becoming as financially literate as we are. This of course does not need to be limited to our mediate family but all of the extended family as well as long as they have an open mind and are willing to learn.

I know that the “Money Jar System” is designed to accommodate family money management and the teaching of this system to children, but I am talking about the “Money Blueprint” after all if this is not changed within your family as a whole then after you are not there to guide them then what will happen, so I believe you must try and change the “Money Blueprint of the family unit, so the riches you have attained will be enduring for generations.

I don’t know about all of you but I believe that this is one of the most important things that we can do for our loved ones.