You might think her silly. There is a point when inheriting greater amounts of wealth will do your children more harm than good. Our natural instinct to give all that we have to our children is strong and noble. I once spoke with a couple who were selling their multi-million dollar business. We were talking through the sales process, and I brought up this simple, yet compelling question… How much is enough for your children? What percent of your estate or what dollar amount is enough to launch your children into their ideal future?
They cut the capital gains tax on the sale of the business dramatically. But even better, they were able to give those tax savings to the different ministries they cared about. Have you started this important conversation with your spouse? Do you know how much is enough to launch your children into their futures — and how much would be harmful to them?
To get the answers to these profound and sometimes troubling questions, you may want a guide to help steer the conversation and bring clarity to the legal or financial details of the conversation. Someone from the outside with no agenda, no commissions, and nothing to sell.
Just a well-informed person helping you ask the right questions. Still, even the flotsam-and-jetsam streets have limits. No, this is hard work, and spots do get fished out. I know which streets are paved with gold, but I give them a week or so to recover before I hit them again. Early in the morning on a weekend right after the piles of snow have begun to melt in earnest. What has been hidden for generations will be made manifest. With weekend revelers safely tucked in bed, the old hawk-eye can go prowling.
On a Sunday morning, a Susan B. Anthony dollar smiled up at me from the gutter by Trinity Lutheran.
'Our Boys' still a wealth of wisdom - Big Buddy
The kids there got metal detectors for Christmas, and I try to feed their growing habit as much as I can. You never saw kids get so excited about digging and weeding as they hunt for gold doubloons. Yes, I am corrupting the young. But I am going to need some backup for my habit when I hit my really golden years. Oh, I forgot the joys of money laundering. Nothing beats bestowing necessary TLC on your salvage.
These coins and dollar bills have been through massive heck — chipped, bruised, stained, corroded, run amok by the trials of neglect and daily life. Pennies especially suffer abuse. What joy it is to soak them in vinegar and watch them flame out, return to luster as I Scotch-pad them back to youthful vigor, lay them out to dry in the healing sun.
Yes, this can become an addictive behavior. But remember there was that fiver right by the MotorMart pumps as I filled my tank last week, and last year I took a tax-free 37 bucks to the bank to feed the thirsty coin machine, the cop on duty watching me as my loot spun off to a better place. Bonifacius, MN. Home All Sections Search. Log In Welcome, User. Minneapolis St.
Man found shot in overturned SUV in St. Paul's West Side dies. Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read.
- Wolf Stone?
- A Simple Guide to Building Wealth.
- To Seduce A Rogue (Southern Heat/Book One: ADAM);
It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred. Kiyosaki is a salesman and a motivational speaker. He has no financial expertise and won't disclose his supposed real estate or other investment success.
A street walker's guide to wealth
Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice. In an interview with the Canadian Broadcasting Corporation, he admitted that he partnered with a real estate firm to promote their business through his seminars.
He also admitted that since the Rich Dad seminars were franchisees that functioned independent of him, he had little control over their content. Kiyosaki has been criticized for being anti-education , advocating for people to drop out of school and for unfolding the idea of higher education being superfluous for financial success. In and , Kiyosaki's Rich Dad seminars continued to promote real estate as a sound investment, just before their prices came crashing down. In , advocating the purchase of gold , Kiyosaki predicted in his seminars in Philippines that there would be an even bigger financial crash in which would be worse than the crash.
From Wikipedia, the free encyclopedia. American finance author and investor. Warner Books. Real Stories. Real Life.
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