The American millionaire prefers that his children learn to earn a living for themselves, through effort and responsibility.
George Applinga successful American millionaire, has decided Do not leave large sums of money to your children. He believes that easy money can harm their ambition, so he has opted for a different approach: giving them support, but without it diminishing their motivation.
Through a philosophy based on self-sufficiency and moderation, the billionaire has rethought what inheritance means. Instead of riches, their goal is to offer them tools that allow them to be responsible and work for what they want.
How George Appling Became a Millionaire
Appling He became a millionaire at the age of 36thanks to a life of savings and prudence. After having worked as a business consultant, he decided to go his own way investing in a medieval fairwhich allowed him to achieve financial stability. Throughout his career, his approach was always to live below his means, without giving in to unnecessary luxuries, allowing himself to accumulate a considerable fortune over time.
This ideology led him to stay in control of his finances, prioritizing long-term stability instead of instant gratification. His fortune is the result of years of disciplined work and wise decisions that gave him the power to continue with his personal projects without compromising his financial security.
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What will be the inheritance of Appling’s children?
Although your children will not receive large sums of moneyGeorge Appling has assured that They will have reasonable financial support for their beginnings. Paying for your university education, a car and the first payment on your house are within your plans, but always in a practical and no-frills way. The American prefers that his descendants be responsible with money and not depend on an inheritance that can reduce their motivation.
In addition, it has created a trust, similar to that of the Rockefeller family, that will allow them to access commercial loans under strict conditions. To receive these benefits, your children must present a business plan evaluated by a third party. This approach seeks to ensure that young people develop business skills and learn to make intelligent financial decisions, without easy money preventing them from being responsible.
Source: Ambito
