The most wealthy man's perspective on wealth

King Solomon is considered to be the wisest and most wealthy person who lived. We can't calculate the value of his massive estate. 

As he reflected on his accumulation of wealth, he said, "I must leave to others everything I have earned, and who can tell whether my successors will be wise or foolish? Yet, they will control everything I have gained by my skill and hard work under the sun. How meaningless!" Ecclesiastes 2:17-18

Solomon's wisdom is applicable today. 

Most IRAs are converted to cash within 90 days with no regard to tax consequences.

The majority of estates are depleted within one generation.

How meaningless!

要查看或添加评论,请登录

Mike Cowart的更多文章

  • The logistics of death

    The logistics of death

    Our son, Mike JR. died without a will, which is not uncommon.

  • Coronavirus and planned giving

    Coronavirus and planned giving

    The majority of your planned giving prospects are age +60 and represent your best planned giving prospects. As you…

  • Why become intentional regarding planned giving?

    Why become intentional regarding planned giving?

    Strengths: Nonprofits that invest in planned giving increase their endowment, which provides an annual income stream…

    6 条评论
  • $1,000,000 in your bank account tomorrow

    $1,000,000 in your bank account tomorrow

    Jeremy Pharr is a friend and former colleague at Thompson & Associates. When he meets with prospective planned gift…

  • How much wealth should we leave our children and grandchildren?

    How much wealth should we leave our children and grandchildren?

    This question is one of the three most important questions in estate planning. I enjoy reading blogs from Bill High in…

  • Wealthy with a $35,000 estate

    Wealthy with a $35,000 estate

    My Dad was born in a sharecropper family with four siblings and dropped out of school after the 6th grade. He joined…

  • Why do people not have a will?

    Why do people not have a will?

    Based on my experience as a legacy advisor, 40% of couples or individuals do not have a will. Why? Procrastination-It's…

  • Founderitits

    Founderitits

    During my 37-year philanthropy career, I've frequently encountered nonprofits with a Founder who is paralyzed with…

  • If you die without a will

    If you die without a will

    On March 2, 2014, I discovered the lifeless body of our 43-year-old son who was a victim of a "widow maker" heart…

  • What is the difference between inheritance and legacy?

    What is the difference between inheritance and legacy?

    A considerable difference exists between inheritance and a legacy. Anyone can leave an inheritance, which is something…