Dear Brothers and Sisters,
Last week, I shared insights from a recent report highlighting one of the top concerns among high-net-worth (HNW) individuals in Singapore: 67% fear that the wealth they pass down may not last a generation.
This week, let’s address an even more pressing issue, one that speaks to the heart of legacy and family well-being.
The Second Greatest Fear: Can Our Children Handle Their Inheritance?
A striking 75% of HNW individuals believe their children may not be equipped to manage the wealth they inherit. The question we must ask ourselves is simple, yet profound:
Why risk passing down so much, only to watch your children squander it, or worse, see it become a source of unhappiness or conflict?
I have witnessed firsthand how inherited wealth can sometimes tear families apart or even ruin lives. The very gift meant to secure your loved ones’ futures can become a burden if not handled wisely.
A Thoughtful Alternative: Give More to Good Causes
Instead of entrusting your entire fortune to the next generation, consider channeling a greater portion towards meaningful causes.
By giving back to the Lord’s Kingdom and making philanthropy part of your legacy, you ensure that your wealth creates lasting impact, not just for your family, but for society at large.
- Preserve Family Harmony: Reduce potential conflicts by setting clear intentions for your estate.
- Shape a Positive Legacy: Support initiatives that align with God’s values and your intended philanthropy’s efforts.
- Empower Your Heirs: Encourage responsible stewardship by passing down not just assets, but also God’s Word and life lessons.
Isn’t it time we rethink what it means to leave behind true wealth?
If you’d like to discuss strategies for purposeful giving or protecting both your legacy and your children’s future, let’s connect. Together we can craft a plan that honors both family and community.
Blessings,
David Poh
Thank you for being part of the Beyond Financial Stewardship community!
We pray this newsletter has deepened your understanding of faith-driven finances and inspired you to steward God’s provision with wisdom and purpose.
Stay connected with us for more insights, tools, and encouragement on your journey toward kingdom-minded stewardship.
If this message encouraged you, or if you know someone who would be blessed by it, we invite you to share it with a friend or loved one. Together, we can spread wisdom and hope even further.
