Passing on financial wisdom
May 11, 2021
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Scripture talks of wealth and passing it on from one generation to another. Examples of wealth squandered and wealth grown vary. The prodigal son wasted his wealth. Luke 15. King Solomon grew his wealth.
V Ron Blue in “Splitting Heirs” emphasizes the importance of passing on wisdom to our children. Making that a priority means wealth they receive will more likely be used wisely, not squandered or wasted. He poses these questions. What is the best thing or the worst thing that could happen if I transfer wealth to ___? How serious is that possibility? How likely is it to occur?
M Some lottery winners regret their winnings as families relationships were severed. Family divisions do happen. Part of being a good steward is discerning the impact of gifts and inheritances to children.