That's how... #animation #Finance #uk

"How do wealthy families stay rich for generations without losing anything?" Tom had a problem. He had built an empire, real estate, businesses, millions of pounds accumulated over 40 years. But when Tom looked around, he kept seeing the same story everywhere. The grandfather builds, the son spends, the grandson begs. 95% of wealthy family fortunes disappear within three generations. Tom refused to let that happen, so he studied the families that survived for centuries, the Rockefellers, the roadsheets, the royal families. He discovered only one secret that no one around him knew. Their families never pass on money, they transmit systems. Here is what Tom did. First, he gathered all his children around a table. He told them, "None of you will receive a single pound until you prove you can manage 10,000 pounds without losing it." Because giving someone 1 million pounds when they've never managed 10,000 pounds, is like giving a Ferrari to someone who has never ridden a bicycle. Then, Tom separated his fortune into three blocks. The first block, never touches itself, is intergenerational capital. It is invested in assets that produce income automatically, forest, furniture, agricultural land, things that time makes more complicated, not less. The second block, finances children's projects, but like one bank, not like one gift. Each child presents his or her project, the family votes. If the project is solid, they receive one pre-family with one written contract and one obligation to repay. It forces children to think like entrepreneurs, not like him. Third block, country, for the common expenses of the family, the studies, medical emergencies, and times of crisis. But here is the most intelligent that Tom copied from the great dynasties. He created one family council which meets twice a year. Each member learns to read one accounting report. Every child understands where the money comes from and especially where it disappears. Because the real reason why fortunes evaporate in three generations, it's not bad luck. It is not the economic crisis, it's financial ignorance. The poor give money to their children, the rich give knowledge to their children.