A short discussion on building a family banking system to finance family needs (education, cars) by recycling capital within the family. The speakers describe how funds flow back into the family system, enabling flexibility to reallocate investments to new opportunities and create ongoing cash flow and wealth.
Chapters
But as we're building our family banking system and we're financing these opportunities for our family, whether it's education or car purchases or what have you, the money's flown back to the system. You guys have a game plan. Let's say the next 10 years, you've sort of envisioned how that's going to go, but along the way, there's all kinds of opportunities that are going to show up that you actually can't see. And now that you've got that aquarium building in that capital flowing back to the family system, you're going to be able to take advantage of more opportunities and create even more wealth and more cash flow coming back to just keep that system stronger. There's a bunch of things out there that will show up that you can take advantage of now, because you're just changing the way that you're doing things.
Creating cash flows with that money. But it's so flexible that the moment I decide to channelize those funds to her education, I just need to unwind those investments and then just route those funds to her kind of financing needs as she moves along.