Prince Harry, Duchess Meghan, Princess Diana, and Oprah.
Today, we’re diving into the highly published interview, and the massive financial lesson you can learn (and immediately implement) from it.
This article is a 4 min read.
Prince Harry, Duchess Meghan, Princess Diana, and Oprah.
Today, we’re diving into the highly published interview, and the massive financial lesson you can learn (and immediately implement) from it.
This article is a 4 min read.
The topic on everyone’s (read: my) mind since Sunday night has been the bombshell interview with Prince Harry, Meghan Markle and Oprah.
While I have a lot to say about the privileges and burdens of royalty as well as the continued power of the media in our lives, right now I want to focus the conversation on two of the most important lessons in wealth creation that I think you should take away from that #Harry&Meghan interview.
Simply put, Harry’s mother, Princess Diana was able to help her son even after death because of the investments she made during her life and the conversion of those investments to an inheritance for her sons, by virtue of her detailed will.
What runs through the multi-faceted storyline of Princess Diana and now her son Harry, is that life is unpredictable. The accident that took Diana’s life and the distancing of Harry from the royal family were shock events, moreso for the individuals involved than we who read about it.
More specifically, it shows that death comes for us all and being broke can happen to anyone, prince and pauper alike.
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The truth is, entering into investments for your children can go beyond money “towards university” or “their first house”. The investments you make with them in mind provide something intangible but no less great – which is the gift of choice.
Many of the decisions that we’ve made in this life have been heavily impacted by the immediate financial realities we had to contend with. Money and financial capacity has an ever-present seat at the table of our decisions.
Here at Firstline, what is clear to us from working with many recipients of inheritances, is that while the amount of money they received is of course important; beyond the dollars and cents of it, is the gift of the freedom that comes with knowing that their decisions can be driven by true desires, not harsh realities. It’s the gift of security which allows them to make well-considered but still fearless business decisions.
What if you can give your child the gift of time to think a big decision through? Or, even if you are no longer here, what if you were able to support your child to escape a toxic environment?
Your planned gift of an inheritance to loved ones – no matter the size – can go much further than you had originally intended or could ever have imagined.
Money is simply a tool.
At Firstline, we help you to maximize that tool efficiently.
We are a boutique Trinbagonian financial organization that, for close to two decades, has been showing our clients how to use this tool to change not just their fortunes, but that of their loved ones for generations to come.
And we can show this to you too.