Generational Wealth

 

Generational Wealth

Ano bang magandang ipamana LEGACY o PROBLEMA? (A point of view article.)

Ayala Clan is one of the best example to value the legacy of generational wealth. From Spain and continued from migration in the Philippines of the year 1834, the middle of Spanish colonization by 8 generations now. I've read one of the articles about their oldest running conglomerate on how they train their future heirs of the company. At a very young age, they are taught and trained to manage their own finances. In the earliest of their schooling, Grade 2, they know how to save. They know the value of asset vs liability. Heirs don't have to be pure blooded family to run the businesses. It should be someone who UNDERSTANDS the investment. Someone who will continue the legacy and excellence in their name. Who knows the value of the future and sacrifices to obtain great trust and respect in managing and leading to provide the betterment of the society. Something they want to contribute as they have been known as a Nation Builders. They see management as not an obligation nor a hefty responsibility but rather, a great model to be followed with. They think about their future FOR EVERYONE'S BENEFIT.

But how is your family? How are your grandparents, parents or anybody ahead of you? What are they doing? What are the things they are so proud of, to share with you? Is it hard earned money? even their own true money? Or a character to become a better person? Or a problem that they started in the first place and handed it over to the next in line? Blaming you? Entrusting it to you? Are they even honest all this time? Sounds loathing, right? But whatever you are, wealthy or lack, fed by a scammer or not, raised by a criminal or what, a true wealth should start from you. 

Based on my opinion, I have seen in the Middle Class families with something little to inherit from are the people who don't have financial literacy, who don't know how to multiply or to generate wealth from investment, who squander little earnings for happiness, who don't want to educate themselves from books to seminars because, they want fast success and for worse, they know what they did, and they even have the guts to let inherit their ways to the next in line. But why?! In my point of view, if I were having children, "ANO KAYA SASABIHIN NG MGA ANAK KO OR APO KO NA GANITO ANG MAIPAPAMANA KO SA KANILA" Damn right. What are my future family would ever say things about me on how I brought them up in this broken economy? They're not stupid to tell stories about how I ever got myself like this. Oh no, we're not talking about money. What legacy can you share with them? How did you become so credible in building your own empire or the best version of you? Hating it? Remember that this is my opinion. If you ever got hurt, your insensitivity is not my responsibility. Not even my fault. It's a cruel world that we try to win in life but still, frauds and challenges keep on defaming us on how we supposed to have integrity in our journey. But listen, why won't you end the pattern of that impoverished disposition that keeps on lurking in every blood in your family tree. It's a huge embarrassment not for the other prominent family nor to your husband's name but to your blood-in-line. Me? I was afraid and ashamed to wake up mine and welcome them in my world without fortitude in my ass and I don't want them to suffer from my mistakes, my limitations, my weaknesses, my debts and even from my fears and doubts. I wasn't ready to manage my people because, "Wala pa akong napundar na empowered character." I am aware that I have lots of failures and I did blame people too. I remember when I was a child, I wasn't allowed to have an overnight camp inside Ateneo De Manila Boys Scout from our St. Mary's College Girl scouting club until I made my own way on making it happened. Oh yes I did, a last minute begging to let me join in or else, for the rest of my dear life that I will never forget missing the opportunity to gain such surviving tips, social skills and any other things I can learn from that one time experience. I was like, "Why are you even so strict that you're not even tycoons? It's inside Ateneo, and it''s safe." Right now, I ended up so bad because, their fear and doubts were injected to me that even my plans in life are not well organized. Children might not enhance their decision making skills with these matters. That's not how you train your future investments for your retirement plan. Look what happened to Sarah Geronimo, venting and breaking down on her concert. Lucky for her, she has something and earns during years confinement with her stern culture.

Hear this. "Ilan taon ka ng namumuhay sa point of view mo hindi mo naman yan ikinayaman. Baka it's time to listen." Why because, nothing will ever change if you expect it from your old habits. "Wala ka naman ginagawang bago, para magexpect ng bago sa buhay mo." What if, a scenario like this, let's say. A mother has been embezzling from her investor just to earn from a living, to sustain her fraud lifestyle or to start a business for her daughter's tuition fee? What if that daughter finds out how her mother was doing all this time just to get food on their table? What. Are. You. Gonna. Be. Looked. Like? Will they be even proud of you? Probably, for my perspective. I'll rather die in starvation than to hear your poor reasoning just because, you have dependents. 

"Decisions, not conditions, determine what man is." - Victor Frankl

STOP GIVING CHILDREN'S HEADACHES from your unscrupulous ways that you're living from years. Fix your problems. Arrange your complications. Plan ahead. Think about insurances. Pay your debts. Learn hard and Study more. Face your responsibilities and stop asking it for someone. Avoid denseness that can lead to legal offenses. Stop pretending and lying. Be flexible. Adjust.

Legacy is not about money. It's the character that they can never steal away from you. And it's not even hard because, you don't have to save millions for them. It's even free, you just have to live by it. Think about Ayala Clan again. They stayed rich for many years because, being an heir is not owning a million dollar corporation, but a leadership skill that is willing to take responsibility for helping the society grow, providing jobs, establishing a foundation, contributing to our economy and expanding for more opportunities. It's not the money that they are after, it's the character of a true leader, a true nation builder who understands hard work pays off and who understands being generous is more of a blessing to come. They even study hard just to be in this famous Ivy league, Harvard University and INSEAD "The business School of the World." And there you are? Draining someone's, asking for more. Let someone work for your own benefit. A bad leverage. What are you? Using legalities to make illegal legal? That's not how money is made. Don't try to abuse the power of attorney if you still think you can pay more than enough. Karma is still part of the generational curse.

Take a DAMN LOOK AT YOURSELF. What are you proud of? Shut up, you're not. I don't want to end up like you. Like everybody else, in a grave soon to be forgotten and will turned out a fossil fuel. I want to be great. Great enough just like Queen Elizabeth I who did not follow her father's infamous footsteps King Henry the VIII, and that her tomb is well protected and worth to remember for. 

And the last thing you think about what you can give, have something like INTEGRITY, CREDIBILITY, and an ETHICAL CHARACTER. That's the best thing they could ever get from you, I didn't say money has no value but those priceless things don't have problems to carry on with it. Think about it, what if they have already known about it, they wouldn't even dare to say it in front of your face that, "Kung ikaw ang naging ama/ina ko, napakamalas kong anak." 

The family you create is more important than the family you come from.

This image was originally posted to Flickr by Familydestinationsguide.com Images at https://flickr.com/photos/195041916@N08/51903242928. It was reviewed on 23 May 2022 by FlickreviewR 2 and was confirmed to be licensed under the terms of the cc-by-2.0.

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