FAMILY PROSPERITY

 FAMILY PROSPERITY

The 5 principles of family prosperity are the ways in which families throughout history have reached and maintained greatness in government, banking, and overall wealth. The 5 principles are the actions and values rich families have that made and keep them rich. They have been distilled from historical and contemporary observation and study.

PRINCIPLE 1.  HAVE CHARACTER

The family needs good character and moral fiber for these principles to work. Good character is what allows the family to trust each other and work together to better their circumstances and conditions. Good character consists of being trustworthy, responsible, compassionate, having morals, working hard, and most important of all is persistence. Persistence is the most important of all characteristics in a person because it is through persistence that all problems have been solved and all great and difficult things are done.

“Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful me with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone, are omnipotent. The slogan ‘press on’ has solved, and always will solve, the problems of the human race.”

-Calvin Coolidge, 30^th President of the United States (1923-1929) Quoted from a program at a Coolidge memorial service (1933) and cited in The Oxford Dictionary of Quotations (1999).

Leonardo DaVinci was discouraged by his parents about being a painter, but he persisted. Abraham Lincoln was an illiterate farm boy but he became a lawyer and then president of the u.s. all through persistence. Mexico was a colony of Spain, a global superpower, but Mexico revolted and won all through persistence. Hernandez Cortes conquered the Aztecs, a civilization of millions, with a small army of 1000 mercenaries, All through persistence.

On trust. The family needs to be trustworthy. Not by force but by choosing to have character and proving yourself worthy over time to the family. If relatives can’t trust each other because they have a bad reputation and are thieves, irresponsible, then they cant work together to be prosperous. How can a relative get his relative to invest in his business if he has a reputation of stealing and not doing hi work? He can’t. that’s why as many family members as possible need to have character. Of course there will always be a few relatives who are complete shitty persons and won’t cooperate. These type of people can be excluded until they prove they will behave right.

PRINCIPLE 2. Family is a priority. The purpose of the principles is the maintenance and perpetuation of the family’s economic prosperity. The family needs to be seen as a tribe and the goal of it is its survival and growth. Anything that harms the tribe needs to be resolved or stopped.The family is a priority.

APPRENTICE THE YOUNG IN THE PARENTS JOBS AND THE FAMILY BUSINESS.

Again, Jesus’ father Joseph taught his son carpentry and brought him to work. The founder of Qualcom, Irwin Jacobs, Taught his son the business and Jacobs Jr. is now the CEO of the company.

PRINCIPLE 3. Empower the young , treat them as adults and they will be responsible like adults.

           
             PASS DOWN YOUR SKILLS TO YOUR CHILDREN.

The Rothschilds are the richest family and people in the world. They run  the world’s banks. They own the majority of the world’s gold and precious stones, and real estate, and fine art. The first rich Rothschild taught his sons banking and sent them off to European countries. Ofh and the first Rothschild was Meyer amschel. He grew up in a Jewish ghetto that was segregated. In Germany, In the 1700s, he had five sons.

The father of Jesus, Joseph, was a carpenter and taught carpentry to Jesus. Jesus made a living as an adult as a carpenter.

The Amish use and involve their children in every aspect of Amish life at a very young age. You can see Amish children building a house together when driving by Amish areas.

When parents pass down their skills to their children, not only do the children become very helpful in carrying some of their own weight, they can also use those skills to fully employ themselves when they become adults. Use encouragement and empowerment to persuade any resistant stubborn children. Force will only push them away.

PRINCIPLE 4. Start and run small businesses. Similar to family run Italian dellies in NYC being run in the family for over a hundred years.

PRINCIPLE 5. Family bond. Have regular contact and have reunions every month.

Families that don’t see each other often forget about each other and that leads to abandonment or a feeling that the relatives are strangers. This leads to broken families. Broken families make life lonely and more difficult in all ways. Economically and emotionally. There are relatives to help you when you are broke or down in the dumps. There are relatives to invest in your small business, to love you to comfort you in times of sadness, and to keep you company.