What Would the Rockefellers Do? Lessons and Key Takeaways

1. Keep the money together. Don’t use your money stupid. Use your money strategically to outlast your parents if something happens to them.
2. Design trusts that direct how money can and cannot be spent. Set up a person to oversee your writing career and get publishing rights if something happens to you such as you becoming too ill. Ask your parents for help in this regard. Or a lawyer you can trust. StTe how you want your poetry to be published as well as your journals and stick with the plan after it is set up, who gets copyright ownership of something happens to you?
3. And pass on your values to the next generation so that your vision doesn’t stop with you. My vision is to create well researched articles and novels that teach people and allow them to grow and thrive without compromising their values or ideals and a novel that makes the, pause and reflect on how they can shape their communities and their countries in a positive and uplifting way.
4. Because the Rockefellers had a method to perpetuate and preserve wealth, rather than just handing it down to each generation to start over again. The Rockefellers kept their wealth centralized, which allowed their family to become stronger. Have a method to preserve and maintain your savings and money. Increase it by a certain amount each month. Do not touch it. Just ignore it. Let your money build up to great satisfactory levels and live very simply. Remember you are saving for a rainy day. You know what that means to you.

Biggest Takeaway:

Your wealth in the family is up to you and those you trust. Maintain your money so it will sustain you for years to come.

Quote I’m Summary:

“Maintain your simple lifestyle without going into savings and save like no one else now so that your savings can sustain you like no one else later.”… (meer)

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Killing Sacred Cows: Overcoming the Financial Myths… door Garrett B. Gunderson

A entry level look at a handful of financial paradigms that cause most people trouble. The only significant problem I found was the chapter on insurance which needs to be processed through "Aftershock" by: David Wiedemer

The single most important chapter could well be the one describing the difference between price and value and how focusing exclusively on price will always hurt the buyer.

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jeremiahstover | 1 andere bespreking | Feb 19, 2012 |

Killing Sacred Cows: defeating the 10 most subtle… door Garrett Gunderson

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