1. Have a vision for your family wealth creation

The secret to creating and growing wealth for your family is to have a big enough reason why you want to do it. The desire to grow and create wealth to buy more things is not a good enough reason, although wealth does make it possible to buy more things. A bigger reason does make it more worthwhile. You can choose to create and grow wealth for your family to give them the best as well as to make the world a better place. Imagine how fulfilling it will be if you, like Bill and Melinda Gates through their foundation, focus on increasing health conditions worldwide. James Hughes, author of “Family Wealth” says “A family can successfully preserve wealth for more than one hundred years if the family governance and practices are founded on shared values that express the family’s differentness.” This can only be done if someone is creating and holding the vision for the family – a vision for a hundred...