Page 48 - Ultimate Guide to Estate Planning
P. 48

attaining their full potential than to smother
                                that bonfire with your wealth.




                                When they reach 25 though, they are on the
                                cusp of exploring their bonfire of ambition, the
                                kindling has taken hold and a fire is
                                beginning to erupt.  This is the stage where
                                they are beginning their career or profession
                                and they are making a name for themselves.

                                They're really excited about what they're doing
                                and they're finally willing to work really, really
                                hard on their career. Maybe they worked hard
                                on their studies before but now it's about their

                                career.



                                You wouldn’t want to just dump a bunch of
                                wealth on them, thereby smothering their
                                ambition to be a hard worker. In most
                                situations that twenty-five-year-old would say,

                                "I don't need to work that hard. I've got all this
                                money coming in." Why have the  flame of
                                ambition nearly extinguished by dumping a
                                bucket of wealth on it? You may actually

                                fundamentally change the person that your
                                children or grandchildren could become, or
                                are becoming, by giving them money that
                                young.

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