Thursday, May 31, 2012

Being a Custodian of Wealth

What I'm talking about here is people that are desperately needed right now and always will be. Usually, someone to become a Custodian of Wealth usually has to be 35 to 40 years of age to be successful at this. Because what this usually means is being the head of a non-profit or the head of a trust.

Often young people only want wealth to spend it. But what happens after you just spend it all? You have nothing usually. There is a saying, "It takes money to make money" and in some ways this is true.
Because once you spend all your money you usually have nothing.

So, people who become custodians of wealth usually have enough life experience and are at least 35 to 40 years of age and are able to wear enough hats (so to speak) to run almost any business. So, they tend to be people who can also manage wealth especially in the non-profit sector.

The largest trust that I know of is the Gates Trust set up by Bill Gates and his wife and also funded by Buffet and many others. This trust has set an example for the rest of the world. Because of the type of world we now are living in where jobs may become fewer and fewer, non-profits and trusts will become more and more important to civilization worldwide. So, without benevolent non-profits and trusts it might become difficult to find grants for students to keep society moving forward worldwide.

As student loans become more and more impractical because of the lack of jobs, it still becomes more and more important that enough young people develop their talents in a variety of ways to keep society moving forward with or without jobs.

To understand the long term affects of joblessness one has to study the damage done to young people during the Great Depression and World War II. It was only during the 1950s and 1960s that society recovered fully from the damage done to it nationwide and worldwide during the 1930s and 1940s.

Though it is unlikely that we will have another world war during this present Depression, it is still imperative that enough people learn to manage their money and money in non-profits and trusts so society can move forwards without just making middle class and poor kids go bankrupt trying to pay off student loans with non-existent jobs.

The basis of being a custodian of Wealth is to understand that one cannot spend principal without harming the future. So, though one can give grants from interest and dividends one must always keep the principal intact so that it can be the "Gift that always keeps giving" sort of like the goose that lays golden eggs.

So, in order to create a better future like the one we had in the 1950s, 1960s and 1970s once again, enough people need to learn to be custodians of Wealth and to know that only by garnering and saving and then spending only interest and dividends through grants can the future be found. Once one spends principal the future is gone. There is nothing left to give ongoing into the future.

So, the necessary discipline of a custodian of wealth is one of the right mindful discipline of compassion and realizing that the only way to be able to keep giving is to only tap interest and dividends to give as grants from a non-profit or trust.

So, in praying or preparing to become a custodian of wealth allows the future to come about. Without wise compassionate people doing this civilization will soon come to an end. But by thinking in this way one seeds the future which will always create a better future for everyone.

No comments: