GOAL: LEAVING THE GREATEST LEGACY

Ask yourself What kind of a legacy or inheritance do you plan to leave behind?

One thing is certain: If you don't turn that hope or dream into a tangible, clear, written goal, there is a high probability you won't succeed.

So, if you're a responsible parent already, or hope to become one later on in life, you have in all likelihood given some thought to what kind of financial 'gift' you would like to bequeath to loved ones when you 'shuffle off this mortal coil'.

After mulling over the issue, you would most likely have come to one of two conclusions:

1. All my money is mine to spend; let my children go 

earn their own; OR

2. I want to give my kids a financial head start in life.

Neither answer is categorically right or wrong.

For some people, inheriting money is the worst thing that ever happened to them.

These are the unfortunates who end up being shackled, not freed, by their unearned wealth.

For others, receiving an optimum amount of money as an inheritance is an effective means of trans-generational wealth accumulation that has the potential to do a lot of good.

Money itself is amoral. Whether it is good or bad to leave a financial legacy really depends on the individuals and situations involved.

But I do know of one type of legacy that is always, always, always worth leaving!