Planning the transfer of wealth from generation to generation moves an investment time frame from being approximately 60 years for an individual, to, say, 100 years and more for a family with a healthy and well-thought out succession plan.
This is compounding at its best!
Those who plan succession with such vigour will benefit from compounding both the dollars and cents and also their knowledge.
Compounding knowledge is one of the key ingredients to the creation of wealth.
The fabric of every new idea is born through accumulated creative knowledge – every book you pick up, and lesson you learn from another person, compounds knowledge.
The way you bring in new knowledge, and use it, is a key driver behind your present and future financial successes.