Why Your Inheritance Might Be Worth Less Than You Think And How To Fix It
The traditional wealth accumulation model no longer works as reliably as it did before. In the past 20 years, a lot has changed, from how we live and communicate to how we see the future of our children. New ideas and technologies are changing our world on a daily basis. It's no wonder that the traditional model of passing family wealth to the next generation is no longer effective.
Our parents built businesses and property portfolios in our home countries and passed them on to us. Despite some inflation and tax changes, we were always sure that this wealth would give our next generations a solid foundation from which to build their future. Putting money in local banks was considered safe; bank managers were known to the family, and it never occurred to our parents that the money in the bank could disappear overnight!
The world has become smaller through globalisation, but it is still divided between haves and have-nots. However, the definition of haves and have-nots has perhaps changed. In the last 20 years, geopolitics, incompetent politicians, wars, and climate change have meant that for some of us, our home country puts us in the have-nots category despite how much wealth we think we have. Look at the examples of Iran, Iraq, Syria, Lebanon, Pakistan, and so many more countries. The wealth accumulated by generations was destroyed in a matter of months, if not days. Yes, we can blame superpowers, politicians, and many other factors for this, but the truth is that there are choices we can make to help protect our wealth and ensure our children do not become or remain have-nots.
Global mobility is the choice which has now become a necessity. If you and your family lack global mobility, then you are at risk of losing your wealth to factors outside of your control or even being unable to use or benefit from your wealth through political restrictions.
The question is, what is Global Mobility?
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Global Mobility means having unhindered access to the world's "safe" countries. Distributing your wealth across different countries, allowing your children to access global markets, travel freely, and get the best healthcare and education you can afford.
There are several solutions available to achieve global mobility and become a true global citizen. This can be through getting a strong passport, golden visas, or permanent residency from a selection of safe and stable countries. You can obtain a strong second passport without leaving your home country, and the icing on the cake is that there is no residency requirement in the new country.
A second passport can give you a lifetime of visa-free travel to over 100 countries, including Europe and the UK, in return for a one-time donation. Residency and "Golden Visa" programs give you full rights to live and work in a new country with a low minimum residency threshold. Some residency programs also offer a path to citizenship after a period of time. To become a truly global citizen and ensure you protect your wealth to pass on to your children, it is advisable to have residency/golden visas for at least 2 or 3 countries. This will allow you to move your loved ones and your assets to a part of the world that may be most suitable for your personal circumstances at any time you please.
You can leave the have-nots club for good and give a better future to your loved ones. It is not just a choice; it's a moral obligation to your loved ones. Don't wait until it's too late, act now and protect your wealth and your family's future.