CBS Marketwatch has some tips for ensuring the grandkids don’t blow their inheritance. According to the article, wealthy families can ensure the success of their offspring by taking steps to preserve both financial and social capital. If you’re wondering how you can build social capital (and maybe just all-round wealth), check out Entrepreneur’s tips. Far from a subject for the elite, social capital is valuable to the fabric of communities and can help people escape poverty. The World Bank now focuses on helping nations build social capital so they can reduce disease, increase access to education, better use financial markets, and manage market economies.
(c) 2004 by Andrea Coutu. Vancouver Marketing Consultant. All rights reserved.