What's the deal with famous Billionaires giving away with their inheritance? Donating money to charity is not a bad thing, but it can damage your legacy if it forces your children to start over.
In today's episode, I discuss the trend of multiple billionaires leaving their inheritance to charity and bypassing their children. I rant about how "giving back" seems honorable but it holds the wrong thought around money. It implies that in order to get ahead someone had to lose. As a parent, a large portion of your life purpose is to create a foundation for the next generation to build upon.
The purpose of life and wealth is to make the world a better place for future generations, but what are we saying about our children when we trust non-profits to make the world a better place instead of trusting our children?
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