Date Published: 5/21/2021
Everything about you comes from your family, whether good or indifferent. It all depends on what the previous generation left you to follow that makes the difference. Some families can leave an inheritance that spans generations while others do not; more about this point in a few minutes.
You can only build a house with a solid foundation. The foundation's purpose is to carry the weight of the building. Dreamcivil.com said about the foundation, "The primary objective of the foundation includes even transfer of the incoming load to the ground to impart overall stability to the structure, i.e., stronger the foundation, more is the stability of the structure." How much weight can your legacy hold?
If you look in the mirror, what do you see? I'm not talking about the color of your hair or facial features. Instead, I want to know if you see value and worth. I ask these questions because the family legacy starts with you.
What are your goals, and how are you planning on achieving them? Unfortunately, our dreams are often hindered by those we spend the most time with because they discuss their problems, not living with purpose.
Concerning family legacy, Vitor Belfort (Brazilian - Athlete ) said, "Legacy is not what I did for myself. It's what I'm doing for the next generation." For you, it's about deposited values and principles that will outlast you. Unfortunately, too many families never provide their heirs with some form of a family legacy playbook. The Bible states, "Write the vision and make it plain..." If you should pass today, what written instructions are you leaving behind?
What do you bring to the table? You're intelligent, passionate, and have more to offer to those in your bloodline. However, leaving a game plan to help your heirs succeed is essential. Here's why stepping up and creating a system for your heirs is crucial.
Elizabeth O'Brien states, "One in three Americans who get an inheritance blow it." (Source: marketwatch.com ). Amazingly, parents leave their children an inheritance without financial education or a roadmap. Have your family ever talked with you about investing, the rule of 72, or tax efficiency? Is this the first time you have ever heard the term legacy constitution? If yes, consider yourself one of the lucky ones. Unfortunately, for most, I do not believe that's their testimony.