Thought of the Day: April 05, 2018 – Pass the Torch
When I say, pass the torch, I do not mean a lighter or the Olympic flame. I am referring to your ability to give more to the next generation than your parents’ generation gave you.
If you have kids or plan to have kids, I know you want to give the next generation a stepping stone you did not have.
With all the technology and opportunity that will exist in the future, the time is now to think about how you want to pass the torch.
Maybe you are creating a business to your kids will want to take over? Perhaps you are earning a residual income that will be inherited by your kids?
I believe it is important to pass your wealth to the next generation. I also believe it is equally important to pass on good morals, health and the ability to explore the world.
What good is all the money in the world if that money is not held by people with good morals? We need to understand what it means to help people with our resources.
When you pass the torch to your children, and if you don’t plan on having any it’s ok, you create a generation loop where everyone in the family looks to improve the lives of the next generation.