Building Wealth For Generations
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Building Wealth for Generations
Author: Karim Elheddiny
language: en
Publisher: حروف منثورة للنشر الإلكتروني
Release Date: 2025-02-26
What does a family legacy mean in a constantly changing world? Wealth or sustainable wealth across generations? This question has never been more acute than in the Gulf Cooperation Council, a region of phenomenal wealth in the midst of rapid socio-economic transformation. Wealth is not permanent. A lack of strategy will see first-generation wealth dissipated by the second, with third-generation descendants left with little more than (hopefully good) memories. That is the situation that exists for far too many families who do not take the steps to protect their legacy. The Gulf region is witnessing the golden age of economic diversification. As nations across the region commit funds for high-end technologies, green energy solutions, and future industries, the GCC continues to establish itself as a global growth leader. The underlying question that drives this dynamic change is the need to chalk out its course further while holding on to past laurels peacefully co-existing. These significant changes have made structured wealth management within families a necessity, not a luxury, as families in the GCC adapt to them. But that preparation means systems designed for the present day, not obsolete views of the region. This book seeks to celebrate the fact that Arabs are among the top performers in global business, technology, and finance.
Family Fortunes
Selected as one of Motley Fool’s “5 Great Books You Should Read” Advice on managing your wealth from bestselling author Bill Bonner From trusted New York Times bestselling author Bill Bonner comes a radical new way to look at family money and a practical, actionable guide to getting and maintaining multigenerational wealth. Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years is packed with useful information, interwoven with Bonner's stories about his own family's wealth philosophy and practices. A comprehensive guide that shows how families can successfully preserve their estates by ignoring most of what people think they know about "the rich" and, instead, training and motivating all family members to work together toward a very uncommon goal. This book is a must-read for all individual investors—even those who do not plan to leave money to their children—because it challenges many of the most ubiquitous principles and rules of investing. You might expect a book on family wealth to be extremely conservative in its outlook. Instead, the Bonners announce what is practically a revolutionary manifesto. They explain: Why family money should NOT be invested in "safe, conservative" investments Why charitable giving is usually a waste of money, or worse Why it is NOT a good idea to let children go their own way Why you can't trust wealth "professionals" and why you should never entrust your money to money managers Why giving your children as much education as possible is NOT a good idea Why Warren Buffett and the rest of the rich people asking for higher tax rates are wrong to take "the pledge" Why Wall Street is a graveyard for capital, why most celebrity CEOs are a threat to the businesses they run, why modern capitalism is a failure, and more You will come away with a very different idea as to what family wealth is all about. It is not stodgy. Not boring. Not moss-backed and reactionary. On the contrary, it is the most dynamic, forward-looking capital in the world. The essential guide to passing wealth from one generation to the next, Family Fortunes is filled with concrete, practical advice you can put to use right away.
Millionaire in the Making
Thanks to historically debilitating apartheid laws and a lack of financial education, many South Africans are crippled by generational poverty, inheriting liabilities (like black tax) instead of assets. To change society, we need to convert consumers into investors, spenders into savers, and equip our nation with world-class financial principles.Author, educator and property expert Laurens Boel sets out every step of the wealth-generation process, including how the rich think differently from the poor, how the economy works and how to earn passive income through side hustles. He offers his own set of insider insights on how to grow and protect your wealth. The book focuses on property investing as a foundation for wealth. The reader will be armed with secrets to investing in South Africa's lucrative property market, such as finding below-market-value deals, leveraging other people's money and using efficient tax structures. Plus, you'll get advice on wealth-generation strategies like trading and starting a business.