A friend of mine died just before reaching 50 because of a heart attack. He had one son. The father’s family was very poor. The father was very intelligent and hard-working. He won a scholarship and graduated from a reputable university with distinction.
The father started with small investments that were very successful. A few years later, he became very wealthy. He spoiled his son because he did not want him to suffer from poverty as he did.
The son inherited so much money. A few years later, he lost all that money.
The Inheritance Syndrome made the son act with no careful thinking and mostly cared to show his false pride in buying the most expensive cars and staying in luxury hotels. Soon, he lost all his money. He became ill and could not even buy medicines or even foodstuff.
The Success Syndrome
The inheritance syndrome I believe is linked to the success syndrome. They both create thoughts that spoil real thinking. Both syndromes are like sweet bottles of wine stored in the brain. These wines spoil rapidly by the microorganisms of false pride or negative thoughts.
Thoughts are chemicals. When our thoughts are happy it is because our brains release happy chemicals that make us feel happy. When depressed it is because our brains release depression-enhancing chemicals.
A spoiled bottle of wine in the brain release chemicals that suffocate our healthy thinking and make our actions go astray. No wonder studies show that 70% of the time, family assets are lost from one generation to the next, and assets are gone 90% of the time by the third generation.
Inherited money and inherited successes tend to fill us with mixed feelings of a tendency to distance ourselves from former friends, feeling guilty/inflated about and extreme fear of losing wealth.
Our thoughts produce our feelings, which form our attitudes and how we react. Our actions are reflections of our thoughts. If the thoughts are wrong, so the actions shall be.
Like humidity, light, microorganisms, and heat spoil our food. Food of our thought spoils likewise. We may get heated by our false pride, by the light of attention and fame and the associated feelings that contaminate our thinking.
The internet has created many new opportunities for sudden wealth from creative ideas. Many people who had little money suddenly became very wealthy. Will their kids who did not have to sweat to make this money invest wisely? If not, will the old data that 70% of wealth be lost from one generation to the next even get worse?
It is not enough to leave wealth for our families. We must also leave them with healthy thinking. It is our duty to make our kids realize what it takes so as not to get drunk by what they inherit or succeed in doing.