Short excerpt from a YouTube video by Jayson Lowe arguing that without teaching children family banking principles, heirs who receive death benefits are unlikely to steward the money well. Mentions teaching the foundation of family banking, the policy loan process, the importance of not "stealing the peas," and Nelson Nash's "five golden" (principles).
If they just received death benefit windfalls, what are the odds that they're going to be good stewards with that money if they have no knowledge or the foundation of family banking? Slim to none if you think about teaching children the foundation of family banking, understanding the policy loan process, understanding the importance of not stealing the peas, understanding Nelson Nash's five golden.
