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How to make a family like the Rockerfellers and keep the money maintained forever?
Serious question kinda (hypothetically speaking). Say when I make a company that is averaging hundreds of millions of dollars in revenue a year. After a decade and a couple of years you'll eventually be a billionaire.
Once a billionaire you start buying real estate and work with a wealth management company like fidelity, or J.P. Morgan or so.
Following a 4% withdrawal rate of interest. It'll eventually grow to a trillion after a few hundred of years.
Is there a way you can write a will, to ensure they can only live off interest, and is there a way you can keep the other people in the reaching bloodline off of the money?
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Cardinal-BagHolder : Through legal trusts for the ordinary wealthy. BUT one financial fraudster or worse, a criminal organization like citadel, and its toast. Rockerfellers don’t maintain wealth through any standard or traditional means they tell us. It through legal and illegal means of intimidation, bribery, extortion and threats of violence, death and financial ruin. BELIEVE THAT!
They invest in products or services, etc. That’s surface level smoke screen stuff to keep the lawyers happy. Mega Generational Wealth has to be protected with ruthless steam roller tactics. These people play golf and sip 100k a bottlw whine but understand, they are the most vicious sharks of the human kind to walk this planet. If you crossed them, they wipe your financial reality off the map like dusting a shelf and get some henchman to send your grandmother’s head to you in a box for spite. Imagine if Hanibal Lecter or Ted Bundy was into money rather than serial murder and you start getting an idea.
Cardinal-BagHolder : Most of us cannot be this way. This ruthlessness in business and therefore we do not rise to the top of the wealth game. The brutality of generational wealth requires more of your humanity than most are willing to give.
Lionnell : guess we are not breaking out today
Piggy Bank Trader : It’s called Infinite Banking. Through whole life insurance and a trust is how the Rockerfellers have their family fortune set up.
BullittBoy : Read the book “What Would the Rockefeller Do?”… that explains the strategy of using whole life policies to maintain generational wealth
Piggy Bank Trader BullittBoy : I have it and love the idea.
SOARMAN OP BullittBoy : I'm going to buy this book to read
SOARMAN OP Piggy Bank Trader :
SOARMAN OP Lionnell :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
SOARMAN OP Cardinal-BagHolder : make sense
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