Legacy planning.
That’s the solution that most lawyers and financial planners peddle to their rich customers.
Often with gray-haired square jawed smiling white men in green meadows with a beautiful wife and a dog in tow. And yes, two kids as well. The complete family to ‘preserve your legacy’.
Is that all you choose to leave behind? Actually, can you choose to leave this behind? Was it yours in the first place?
Philosophical questions aside, money comes, and money goes. Those who leave money, may mostly be disappointed knowing that statistics don’t give this wealth a chance – mostly gone in one, or two generations at most. Well, by then, not many in your immediate family will know much beyond your name.
But knowledge is something else.
What you pass on as learnings, lives on through the way your children live and approach life. Not just children. Those who learn from you may forget you, but not the lesson, if it is taught well and becomes a part of them. The unconscious competence that comes from deep leaning carries on, and the more you teach, the more you learn.
This cycle is what needs a Guru to kickstart it. A person who lives to teach, and under whose guidance, you discover yourself.