It is not surprising that high net worth individuals feel the need to protect their wealth. Part of this process involves ensuring that the next generation is able to step in and take charge of finances or businesses that have been built and cultivated for many years. Fortunately, fear that children will not have the same drive to succeed, and fear that they will ultimately lack knowledge when it comes to managing money can be nullified by the benefits of citizenship via investment.
Those who take advantage of citizenship via investment will be able to offer their children the opportunity to see the world visa-free, and the chance to study in the best institutions. This worldliness builds character. As the French author Andre Gide one said, “Man cannot discover new oceans unless he has the courage to lose sight of the shore.”
After embarking on the journey of learning, both literally and figuratively, the next generation will develop skills that will enhance their leadership skills. The best educational institutions understand that today’s global business leaders need the skills required to connect people and build communities of loyal clients. The ability to inspire does not always come naturally, but it can be taught.
Technology is evolving at such a rapid pace that one needs to be constantly refreshing knowledge, and the opportunity to travel combined with the chance to study at top schools can provide this insight to the next generation. Children of high net worth individuals can learn to protect and even build wealth, and this will not only ease their parents’ fears, but provide them with a great source of pride.