Do You Make These Fatal Mistakes In Passing Down Your Entrepreneurial Legacy To Your Children?
Jonas Gonzalez
Global Traveler | Sales Leader | Cashflow Practitioner | CrossFit Enthusiast| Fun Lover
How our exclusive Entrepreneurial Family Wealth Building tribe is opening up the doors to a few highly motivated families. We are holding an open networking session and professional guide. It will help you be able to tell if your family is, by no fault of your own headed right back to poverty, forced to live paycheck to paycheck again even after all of your hard work.
GET AN EXCLUSIVE INVITE TO THE SEMINAR BY COMMENTING YOUR FAMILIES WEALTH GOALS BELOW
90% Of All Entrepreneurial Families Will Be Back To Living In Poverty, Paycheck To Paycheck In 2-3 Generations!
Now first of all I’ll come out and tell you we are not old money generational wealth expert who has built out generational wealth for the last 80 years and am teaching you this while having great-grandkids who have built their own financial legacies that rival those of the Rothchilds. Instead, we are telling you this from the perspective of hard-working Immigrant and Black entrepreneurs who are dedicated to the long-term success of our families! Your Gift Or Your Curse
And now, I’m guessing you were also not born with a silver spoon in your mouth. Below I’ll tell you why that is both the best thing that has ever happened to your family, but also why it can potentially be the worst thing, which even with all the hard work you're doing every day you could still be risking you kids and grandkids being forced to go back to living paycheck to paycheck with no economic security to speak of.
Where You Started Is Likely Where They’ll End Up!
No matter how hard you work to create time-free businesses that bring in millions or even billions of dollars a year this still won’t save you from the fate of having your kids and grandkids be right back in the same rat race in the next generations.
Even Billions In Wealth Have Been Routinely Lost In Just 2-3 Generations
In fact, this happened with two great entrepreneurs where in less than three generations their families' wealth was dissipated away in the most tragic and disastrous fashions.
The Vanderbilts of New York:
Built Grand Central Station and held over 100 Million at their height, equivalent to 200 Billion today. His son was able to double the company, but upon transfer to the 3rd generation, the discipline of business building and improvement dissipated to debauchery and waste. Today the Vanderbilts' descendants are back living paycheck to paycheck.
The Famous Woolworths:
Woolworth left a 76 Million dollar legacy in 1919 being 1.6 Billion in today's dollars, a third of that being left to his famously notorious granddaughter who was said to squander about half a billion on “ art, jewelry, and seven husbands. She gave gifts to strangers. At one point, she was married to famous actor Cary Grant. She also married a Georgian prince, a count, a Russian prince, a diplomat, a baron, and a Prince from the Kingdom of Champasak.” Her own personal aguish magnified and multiplied by the inherited wealth, not in any way helped. Today the Woolworths descendants are back to living paycheck to paycheck.
How Do You Know If Your Kids Or Grand Kids Are Going To Have To Be Stuck Living Paycheck To Paycheck, Even After All My Hard Work?
Check yourself against this simple checklist below now and quickly evaluate the state of your family's legacy.
The risk to your family rises with each box you are unable to check off.
Family Traditions
? We have open, transparent, honest, and consistent communication on both the success and the failures in the family.
? We openly talk about money and the work necessary to generate it.
? We build and consistently refine a clear and united family vision, mission, and plan of action on a regular basis.
? Have regular multigenerational family traditions year after year, family vacations, and reunions with a purpose.
WARNING:
If you do not have these your family will quickly splinter apart into different factions who are indifferent or may even become hostile to one another, competing and hurting one another instead of working together as a unit.
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Family Wisdom
? We are actively building businesses alongside and with family, so they can see, learn, and practice the process themselves.
? We are studying learning, and going on development journeys together (Seminars, conferences, expos, meetings etcetera)
? We have Open and honest debates on how to solve practical problems around family, life, and business.
? We Hold and maintain a family wisdom bank, a reserve of all the skills and practical knowledge that has helped the family get closer, to prosperity together
WARNING:
If you do not have these your family will never be able to hold on to the collective lessons that are learned through each person's effort over the course of generations, forcing each member to start from scratch unnecessarily. Meaning your family never progresses past square one
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Family Financial Assets
? We have a prenuptial agreement in place.
? Building and maintaining a family wealth bank
? Having clear systems in place for families to add to the wealth bank
? Having family insurance
? Holding And Familly LLC to limit liability and taxes
? We have wealth, and trust funds that are under well-formulated legal contract
WARNING:
If you don’t have these structures you leading your family down a blind ally where one litigation, one emergency, or one disagreement can cause both an emotional and financial rift that can be ultimately disastrous to the wealth you’ve worked so incredibly hards to gain.
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Family Contributions and Causes
? Having a family foundation to contribute to important causes
? Having giving back as an important tenant in the family
? We allocate most of what would go to taxes to tax-deductible charities and causes of our choice
WARNING:
If you aren't doing these, your family is losing control of 33% or more of their wealth each year having the government decide on where your work is best invested. And you're losing on the opportunity to teach your children about giving to others in intelligent and sustainable ways
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Where do you stack up? I’m sure some of these things you haven't even considered before, but in looking at them they make perfect sense as to why you would need them to build long-term success in your family.
So okay, now you know you have a problem, and you know exactly how bad it is what do I do now you might be asking! Now, this is probably not for you So here I’ll be honest with you again, this path of Entrepreneurial Family Wealth Building that we welcome our people down might not be for you It takes hard work, honesty, and vulnerable conversation, you're going to have to admit that you’re wrong, tell people when you're weak and continue even when you’re scared.
“But Can’t This Be Easy! Don’t You Offer A Done-For-You Option!”
A lot of other folks are proponents of the done-for-you and run-on autopilot method of doing work.
Not here and if that’s what you're looking for, you and your family may be truly doomed.
Because honestly, if you want someone else to build out your family's legacy for you, they should probably also love your spouse and raise your kids for you too.
This is going to take real emotional and smart work, there is no way around it.
Okay so I’ll have to be vulnerable, but will I have to do it alone?
Great question, and in fact this is key to success, we are a social species and the fastest way for us to grow is to change our social and emotional environment. which is why we not only teach families how they can build their long-term wealth plan, we also work on it together as a tribe. Alone were scared, but together we have built nations and even gone to the Moon and back. If we can do these things we can
build long-term family wealth alongside each other as well!
Okay great so what are the first steps?
Our exclusive Entrepreneurial Family Wealth Building tribe is opening up the doors to a few highly motivated families.
You and your family are cordially invited to the
Entrepreneurs Family Wealth Builders Seminar and Networking Event
GET AN EXCLUSIVE INVITE BY COMMENTING YOUR FAMILIES WEALTH GOALS BELOW
Spots are limited.
What you’ll get at the seminar
? The opportunity to get clarity on your families wealth vision
? A chance to share with other peers what you are looking to accomplish with your family
? Time to go over the challenges you are having in passing on knowledge and wealth to your family
? Access to the guidance you need to make the right choices as you build your family's wealth and work on actively passing it down!
? Learn what other successful families are doing to bring their kids along for the enterprise journey with them!
AFTER THE EVENT, YOU WILL HAVE THE OPPORTUNITY TO APPLY TO GET PROFESSIONAL GUIDANCE ON THIS JOURNEY AND TO BE WELCOMED INTO THE TRIBE OF ENTREPRENEURIAL FAMILY WEALTH BUILDERS!
GET AN EXCLUSIVE INVITE BY COMMENTING YOUR FAMILIES WEALTH GOALS BELOW
I can’t wait to see you inside!