The Crux of Generational Wealth

True value creation is often ignored in the money creation journey. Teach your children to be value creators and they would be excellent stewards of relationship and money

- By LARISSA FERNAND, Behavioural Finance Expert

Whenever we enter someone's house for the first time, we always notice something. A friend of mine has a house that can be described as impeccably clean. Always.

I also know two people whose homes are unbelievably cluttered. Since I am a minimalist of sorts, I find it overwhelming. Which reminds me of someone's house where the stench of the animals gagged me the moment I entered the apartment. It was terribly untidy (they had to pick up clothes, books and a few cats from the sofa to make place for the humans to sit). The barking of the dogs was irritating, and I felt it was an assault on my senses.

Once a friend visited her aunt's old and massive home in Goa, which was dilapidated due to the high maintenance cost; and I remember her describing the home as “very obviously poor”.

Besides the obvious, as I have dispiritedly described, you can also instantly and intuitively pick up on the essence or the vibe of the home. I find this extremely intriguing.

The Danes have a term called “hygge”, which is the feeling you get when you walk into someone's house. You invariably pick up on the essence or the aroma; it could be warmth, coldness, hostility, tension, comfort, contentment, toxicity, or even love.

Have you ever wondered what aroma your family exudes? Have you ever wondered what it is you would like your family to be known for?

That is a very crude form of what heritage is all about. It is the values, integrity, and reputation of your family.

Inheritance And Heritage