- “Be sure you are not rejecting prosperity now. If a friend invites you to lunch or dinner, accept with joy and pleasure. Don’t feel you are just “trading” with people. If you get a gift, accept it graciously. If you can’t use the gift, pass it on to someone else. Keep the flow of things moving through you. Just smile and say “Thank you.” In this way you let the Universe know you are ready to receive your good.” You Can Heal Your Life (Louise Hay) Page 115
- “In discussing his views on the uses of a financial inheritance, the late Robert G. Stone, Jr., chairman emeritus of the Kirby Corporation in New York and former Senior Fellow of Harvard College, said it well: “I believe in giving your children enough money so they can follow whatever pursuit they want in life. If they want to be teachers or artists, I hope they will be the best they can be in those fields. Having money gives them freedom of choice with security, no matter what direction they decide to take.”” Wealth in Families Third Edition (Charles W. Collier) Page 26
- “The decision on how much to give or leave your children is a deeply personal one, and there are many variables, including individual preferences and specific family situations. Having said that, and admitting there are no rules of thumb, I’ll make some observations using hard numbers. In my experience, with families where the publicly traded financial wealth is in the range of $15 million to $30 million, the opening number is typically $1 million to $2 million per child. In most cases, the amount provides a measure of flexibility, but it may not dramatically change the child’s lifestyle. Also, I see many people deciding that $3 million to $5 million is an appropriate financial inheritance. For families with approximately $100 million and above, many believe that $10 million to $15 million per child is sufficient. Finally, for families with a new worth greater than $500 million, the inheritance often ranges from $25 million to $50 million or more.” Wealth in Families Third Edition (Charles W. Collier) Page 27
- ““It makes more sense to give money to your children during your lifetime than at your death,” said Dick Watson. “Leaving money to your children at your death is not nearly as tax-effective. Also, the money often arrives too late to have a positive impact on your children’s lives.”” Wealth in Families Third Edition (Charles W. Collier) Page 29
- “So when would it be best for your heirs to receive their inheritance? People tend to choose one of two approaches. First, define the inheritance and give it to them sooner rather than later Talk with them, provide age-appropriate financial education, and help them understand and work with the money. Financial education and discussion of wealth responsibility are critical to this approach. Openness and access early on, coupled with education, also enhance their ability to choose careers not solely based on economics of the profession.” Wealth in Families Third Edition (Charles W. Collier) Page 29
- “‘I’m giving as much money as possible to my children while I’m living,” says Peter Solomon. “The benefit in telling my children what they have and can expect is that they can plan a life within the parameters of that money. This is important to me because it fosters their independence and encourages them to lead their own lives.” Wealth in Families Third Edition (Charles W. Collier) Page 120
- Malachi 3:8-10…If you don’t pay your tithes and offerings, you have robbed God. You will be cursed. If you pay your tithes and offerings, He will open the windows of heaven with blessings, so much that there won’t be room to receive it