The Surprisingly Simple Money Habits That Keep Ultra-Wealthy Families Rich for Generations
These plans aren’t just legal documents; they’re a reflection of their values and intentions for their wealth. They ensure that the family’s wealth continues to align with their values, even after they’re gone.
This forward-thinking approach allows them to manage their wealth proactively rather than reactively, ensuring its preservation and growth for generations to come.
7) Embrace frugality
While it may seem paradoxical, many ultra-wealthy families embrace frugality.
They understand the value of each dollar and are deliberate about how they spend their money.
