Original Entry: January 9, 2012
McMinnville, OR
A good man leaves an inheritance for his children’s children, but
a sinner’s wealth is stored up for the righteous. Proverbs 13:22
My oldest son James will turn 18
this March. Our plan is to start a mutual
fund for him and invest a certain amount annually. This, coupled with his investments should
make him a millionaire by 65 years old.
If a man invest 2000 a year from 18 to 25 and never invests another
penny he will still be set at retirement due to compounding interest.
Today is my deceased
grandmother’s birthday. I have benefitted from my grandparent’s
inheritance. Grandpa Ramos worked in
construction his entire life, worked hard, and left a large inheritance. He was a good man.
My other grandpa was an
alcoholic forced out of the banking industry early due to alcoholism. He was never able to get the war out of his
mind or the bottle. He began drinking as
a P-51 and P-38 pilot in World War II and it never left him. He left a small nest egg behind, but one that
we’ll probably never see.
A friend’s in-laws joke that
their goal in life is to spend every penny of their income and leave exactly
ZERO for their children and grandchildren.
Biblically, this is a bad idea.
“A good man leaves an inheritance for his children’s children.”
(Proverbs 13:22)
A good man sees beyond his
possessions. A good man sees the
invisible. He sees a legacy of wealth passed to his grandchildren. A good man has a succession plan. Even when
times are tight a good man has a tight plan for his wealth.
Do you?
