Attractively Different Podcast

Ep. 26 | When Giving Back Is Giving Up Your Legacy


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What's the deal with famous Billionaires giving away with their inheritance? Donating money to charity is not a bad thing, but it can damage your legacy if it forces your children to start over.

In today's episode, I discuss the trend of multiple billionaires leaving their inheritance to charity and bypassing their children. I rant about how "giving back" seems honorable but it holds the wrong thought around money. It implies that in order to get ahead someone had to lose. As a parent, a large portion of your life purpose is to create a foundation for the next generation to build upon.

The purpose of life and wealth is to make the world a better place for future generations, but what are we saying about our children when we trust non-profits to make the world a better place instead of trusting our children?

Key Takeaways:

  • Just because someone has a lot of money doesn't mean they know what to do with it as an inheritance
  • Why I think these billionaires lack personally responsibility when they give away their      fortunes
  • God's perspective on wealth and legacy
  • What to do when our children waste their inheritance and still need help
  • Additional Resources:

    • Check out my free life coaching resource, the Life Purpose Roadmap PDF, and learn how to prosper in your purpose.
    • ...more
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      Attractively Different PodcastBy Tom Hermann

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