What the 1% are teaching their children about money
You might think ultrahigh net worth individuals have nothing to worry about when it comes to money. The experts who help them manage it would be the first to tell you you're wrong.
Those with ultrahigh net worth are defined as households with at least $5 million excluding their primary residence, according to Spectrem Group, a wealth management research organization.
Making sure those millions last can be a challenge for super wealthy families, many of whom have had their financial success created by one generation and do not want to see it lost by their successors.
The saying "from shirtsleeves to shirtsleeves in three generations," or the concept that a family's wealth could eventually dwindle, regularly comes up in conversation with ultrahigh net worth individuals, said Carol M. Schleif, deputy chief investment officer at Abbot Downing, a business unit within Wells Fargo that focuses on families with $100 million or more in total net worth.
RV/INTELLIGENCE ALERT - October 10, 2018
(Disclaimer: The following is an overview of the current situation based on intelligence leaks received from several sources which may or may not accurate. Other confirmed sources may also be included in this overview.)
According to sources, the United States Treasury is expecting a major change to occur in the system.
A stock market correction is inbound and it is said that the RV release will financially stabilize the economy during the correction.
Zimbabwe is the richest country in the world yet impoverished.
Zimbabwe is discretely setting the foundation for the global currency reset.
No skyscraper can stand tall without a solid foundation.
Two different realities are co-existing in real time. One is public, and the other private.
The world needs Zimbabwe (minerals) and Zimbabwe needs the world (RV).