Generational wealth means MORE than money.
In fact, finances are the least important element.
Without the 3 other forms of capital your descendants will drift apart.
Learn all 4 Types of family capital & forge a lasting family 🧵:
In fact, finances are the least important element.
Without the 3 other forms of capital your descendants will drift apart.
Learn all 4 Types of family capital & forge a lasting family 🧵:
Human:
Human capital consists of the members, culture and traditions of your family.
This is THE cornerstone of any successful dynasty.
Build strong family bonds, cultivate culture, and avoid outsourced parenting to bolster your family's Human Capital
Human capital consists of the members, culture and traditions of your family.
This is THE cornerstone of any successful dynasty.
Build strong family bonds, cultivate culture, and avoid outsourced parenting to bolster your family's Human Capital
Assets include family constitution & emblem, each member of the family, traditions and beliefs held, latent abilities, memetic heirlooms, and the family sanctuary.
Liabilities include behavioral issues, addictions, bad health and bad habits/tendencies.
Liabilities include behavioral issues, addictions, bad health and bad habits/tendencies.
Intellectual:
Intellectual capital encompasses the collective knowledge, education and skills of a family.
Encourage lifelong learning by creating a family culture that encourages self-education and pursuit of knowledge.
Then hand that down to each subsequent generation.
Intellectual capital encompasses the collective knowledge, education and skills of a family.
Encourage lifelong learning by creating a family culture that encourages self-education and pursuit of knowledge.
Then hand that down to each subsequent generation.
Assets include industry experience, education, degrees, knowledge of specific businesses, trade secrets.
Liabilities include intellectual weaknesses(collectively) and handicaps.
Liabilities include intellectual weaknesses(collectively) and handicaps.
Social:
Social capital refers to:
The bonds, connections, relationships, and reputation with other people, institutions and circles outside of your family.
Our social nature means we benefit from the connections we make in our personal, and business endeavors.
Social capital refers to:
The bonds, connections, relationships, and reputation with other people, institutions and circles outside of your family.
Our social nature means we benefit from the connections we make in our personal, and business endeavors.
Assets include reputation, business connections, business partners and quality advisors.
Liabilities include enemies, bad reputations and social handicaps.
Liabilities include enemies, bad reputations and social handicaps.
Financial:
Financial capital is the monetary resources a family has at its disposal.
It is the capital at the behest of the family as a whole, not individuals.
A method to generate and a system to maintain it are also critical.
Here's a thread on that:
Financial capital is the monetary resources a family has at its disposal.
It is the capital at the behest of the family as a whole, not individuals.
A method to generate and a system to maintain it are also critical.
Here's a thread on that:
Assets include real estate, stocks, bonds, businesses, precious metals, art, antiques etc.
Liabilities include debt, depreciating assets, and ongoing expenditures (like boats maintenance, groundskeeping etc).
Liabilities include debt, depreciating assets, and ongoing expenditures (like boats maintenance, groundskeeping etc).
The 4 types of capital that matter to generational family are (in order of importance):
• Human
• Intellectual
• Social
• Financial
Money is actually the least important factor in building your dynasty (contrary to popular & misguided belief)
• Human
• Intellectual
• Social
• Financial
Money is actually the least important factor in building your dynasty (contrary to popular & misguided belief)
Read this far?
Then follow me..
I create content and resources to turn you into the kind of man that can forge a family to last generations.
Also check my bio for content to power up your family. And for a course on how to design your family emblem.
~BB
Then follow me..
I create content and resources to turn you into the kind of man that can forge a family to last generations.
Also check my bio for content to power up your family. And for a course on how to design your family emblem.
~BB
Your child needs a strong mind to succeed in life.
With my guide you can:
•Increase attention & concentration
•Improve motivation & organization
•Expand potential
•Deepen bonds.
+Remove BRAIN DAMAGING hidden stress factors
Download for FREE here: dynastus.com
With my guide you can:
•Increase attention & concentration
•Improve motivation & organization
•Expand potential
•Deepen bonds.
+Remove BRAIN DAMAGING hidden stress factors
Download for FREE here: dynastus.com
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