The 80/20 rule between productive and non-productive assets is what seperates familys that keep wealth versus those that dont. Too many people focus on buying more lifesyle stuff instead of focusing on income-generating investments. The goverance structures you mention are key for any serious wealth preservation stratgy.
The 80/20 rule between productive and non-productive assets is what seperates familys that keep wealth versus those that dont. Too many people focus on buying more lifesyle stuff instead of focusing on income-generating investments. The goverance structures you mention are key for any serious wealth preservation stratgy.
Yes, without governance, your wealth has no aim and can easily get lost.