In the early 2000s, America was swept away in the excitement of a new game show called Who Wants to Be a Millionaire. Regis Philbin and his shiny monochrome neckties had us convinced that with a few smart answers (and a few lifelines), we could all be millionaires. That question itself, “Who wants to be a millionaire?” is so powerful because there is hardly anyone alive who would answer, “Not me.”
If you are one of the fortunate people to enjoy some wealth during your lifetime, let me ask you another question with an obvious answer:
Do you want to STAY wealthy?
Of course you do! But if we’re all so interested in getting wealthy and staying wealthy, then why do only 3 out of every 10 affluent families succeed in their wealth-transfer planning?
Imagine you have been handed a multi-million-dollar business that you know nothing about, and yet you are now expected to handle all operations from top to bottom. Sound perplexing? Now imagine that happening to your spouse and heirs. That is exactly what happens because of most estate plans—the planning is insufficient, and a family who once felt secure finds themselves struggling to make sense of the chaos.
This doesn’t have to be your outcome. The solution rests in one simple truth: Lifestyle Freedom consists in having a living plan, not merely a death-preparation plan.
Wealth is more than money. Don’t just plan for your future, live it right now. Pass it on and share the insights like this that you find valuable.
– T. Harv Eker