Dynasty Wealth: Wealth In Perpetuity
Do you want to leave something in this world that will last in perpetuity? A legacy that will last for generations after generations? Yes, you can. With God, you can build dynasty wealth: generational wealth in perpetuity.
Genesis 17:3-9 3 And Abram bowed to the ground. God spoke to him as follows, 4 'For my part, this is my covenant with you: you will become the father of many nations. 5 And you are no longer to be called Abram; your name is to be Abraham, for I am making you father of many nations. 6 I shall make you exceedingly fertile. I shall make you into nations, and your issue will be kings. 7 And I shall maintain my covenant between myself and you, and your descendants after you, generation after generation, as a covenant in perpetuity, to be your God and the God of your descendants after you. 8 And to you and to your descendants after you, I shall give the country where you are now immigrants, the entire land of Canaan, to own in perpetuity. And I shall be their God.' 9 God further said to Abraham, 'You for your part must keep my covenant, you and your descendants after you, generation after generation.
Legacy in perpetuity
I remember when I was young, my greatest dread was sleeping in darkness.
Cause I would think then, is this what dying is like? Floating in darkness and nothingness?
When I got to know the Lord, I resolved to make my life mean for something.
To leave such a blessing that generations after generations will remember me long after my death.
That’s the legacy I want to build. The legacy I want to last in perpetuity.
Here’s a story that shares about an entrepreneur passing on his passion as his legacy to future generations:
A 25-year-old entrepreneur built a business around timber farming. He amassed hundreds of thousands of acres of land at a cheap price and built a timber operation around the concepts of sustainability and environmental preservation. He and his foresters shared the vision of preserving forests and natural resources while building an economically sound business. The entrepreneur thought of his business as a family business because he owned it and had no public shareholders. As he approached his 70th birthday he had huge wealth in the business (and large wealth outside). He saw that his children were not particularly interested in his business other than as a reflection of his own passion, though any one of them would have come into the business if he had asked. He and his wife had not raised the children to want large wealth and each of the children had their own life and career. We considered various tax strategies to pass the value of the timber business to future generations under these conditions. Each would have been complex but effective; none would have resulted clearly in the continuation of the founder's passion of sustainable forestry. So the entrepreneur decided to build a functional foundation with board membership by family members, but substantial control of the affairs of the foundation by board members expert in timber and wood products. The entrepreneur spent ten years building the foundation's functionality and then gave his entire forest to the foundation, which will maintain the operations and procedures as the entrepreneur had designed them. In effect, his land is 'curated' by professionals; his business has a chance of perpetually reflecting his passion. That entrepreneur's example is a model to follow. The lesson is not building a philanthropic structure into which to place the business, though that often works. What is important is the consideration of which part of the business is worth preserving and what purposes the business can serve for the family. It is the soundness of the business and the passion of the creator rather than the technical apparatus of ownership that will propel the business through perpetuity.
Wealth in Perpetuity
These days I’m into learning more about the Rockefellers and how they were able to make their wealth last in perpetuity, so far 6 generations have enjoyed the family wealth, enriching the Rockefeller heirs and giving so much to the world as well.
CNBC published this article about a rare interview with a Rockefeller heir, David Rockefeller, Jr., and how their family passed on not only their wealth, but their elder’s – John D Rockefeller Sr – legacy of giving:
Wealth, in other words, rarely lasts much beyond the grandkids. Taxes, spending, the dilution of wealth through children and their children’s children, and the inevitable spoiling effect of so much money, eventually take a toll on family fortunes. Yet the Rockefeller family has defied all of that. Now entering its seventh generation with as many as 170 heirs, the Rockefeller family has maintained substantial wealth — they had an $11 billion fortune in 2016, according to Forbes. That’s more than 100 years after John D. Rockefeller became America’s first billionaire after founding Standard Oil Company in the late 19th century. Even more unlikely, however, is that the family has remained largely united, without the public scandals, feuds, lawsuits and tragedies that typical plague other gilded dynasties. There are now over 250 members of the family who are direct descendants of John D. Rockefeller and Laura Spelman Rockefeller. Sure, the Rockefellers started out very rich, which helps over time. But so did the Vanderbilts and Carnegies and Astors, but you don’t see them still giving away billions like the Rockefeller family. In May, Christie’s will auction off the collection of the late David and Peggy Rockefeller, including art and valuables expected to go for over $500 million, and possibly as much as $1 billion, with all the proceeds going to charity. During his lifetime, David Rockefeller gave away more than $1 billion. So what’s the Rockefeller secret? In a rare interview, David Rockefeller Jr., chairman of Rockefeller & Co., said that the family has developed a system of values, traditions and institutions that have helped the family stay together and preserve their wealth. They are useful to any family trying to raise children with good money values — even if you’re not wealthy. He pointed to four main components. The first is regular family meetings. “We meet as a family twice a year, often more than 100 of us in a same room for a Christmas lunch for example,” he said. “We have something called the family forum. When you are 21, you get invited to those meetings.” At the gatherings, the family talks about its direction, projects, new members and any other family news related to careers or important milestones. It’s important that everyone feel a part of the family, even if they married into it. Rockefeller says it’s also important to maintain family history. The Rockefellers do this in part via their family “homesteads,” where they can gather and connect with their past. “It’s places that were familiar and that were passed down over generations,” he said. “I can go back to the place where my great grandfather lived over 100 years ago and see how he lived and see how his son and their grandchildren lived.” No longer having a family business is important as well, says Rockefeller. Many of the disputes within rich families start over business — who should run it, how it should be run, and who should benefit. The Rockefellers haven’t had a family business to fight over since 1911, when Standard Oil was broken up by the government into publicly traded companies due to then-new antitrust laws. With that single stroke, the Rockefeller fortune was transformed from a single giant company to multiple publicly listed companies. Combined with a well-written series of trusts, the stocks and financial holdings were more easily passed down to future generations and less subject to financial battles. “The wealth in our family, of course, came out of the oil business, of Standard Oil,” Rockefeller said. “But the business hasn’t kept us together and there are many families who it’s pulled apart, frankly. By chance, I think, we were lucky that we didn’t have a business that was pulling us apart. We had a business that supplied — through generation-skipping trust — wealth that went down through the generations and dispersed through more and more people, but still was retained. But we didn’t have a core business.” The strongest glue keeping the Rockefeller family together is family values, specifically philanthropy. Their various family foundations, including the Rockefeller Foundation, the Rockefeller Brothers Fund and the David Rockefeller Fund have a combined endowment of over $5 billion. Family members are encouraged to be involved in the foundations and help choose the causes they support. By making giving the center of the family’s identity, the Rockefellers have maintained the core values of John Rockefeller Jr., whose mantra is inscribed in stone at Rockefeller Center: “For every right implies a responsibility; every opportunity, an obligation; every possession, a duty.” David Rockefeller Jr. remembers giving to charity with his very first allowance at the age of 10. He would get his allowance on Sunday and give a portion of that to church or another cause — just as John D. Rockefeller tithed his salary from his first paycheck. “If the values weren’t lived, the words wouldn’t have had an impact,” David Rockefeller Jr. said. “So I think the family has tried its best to live those values, to whom much is given, much is expected.”
Talk about wealth in Perpetuity.
Wealth, not only in money but in values.
I want that.
I want to build the foundational framework upon which God can establish the dynasty He has promised me:
2 Samuel 7 8 I took you to be leader of my people Israel. 9 I have been with you wherever you went. I have got rid of all Your enemies before you. I am going to make your fame as great as the fame of the greatest on earth. 11 Yahweh furthermore tells you that He will make you a dynasty 16 Your dynasty and your sovereignty will ever stand firm before Me and your throne will be forever secure.
I received this when I was young, that’s why I’m not distressed that I’m still single now with no descendants.
Because I know God has promised and He will do it. I don’t know how and when. I just know He will.
I took it to mean blessings for me and my family.
Now that I received this message again last February when I was steeped into starting my online business, “dynasty” took on a new meaning for me.
I take it to mean a business empire and financial dynasty that will create wealth not only for me but for my family for generations to come.
I never know there’s a way that I can not only create wealth but also, more importantly, preserve and perpetuate that wealth so that generations after generations can use that wealth as I intended it to be used even long after I’m gone – bless our lives and the lives of billions of others as well.
That’s the Rockefeller method I’m just learning about.
The process is Infinite Banking. Or Cashflow banking, as Garret Gunderson calls it.
The instrument is whole life insurance policy for every member in my family starting with me, held in a Family Trust as owner and beneficiary, managed by the Family Office, governed by the life values and philosophies I live by stated in a Family Constitution or Statement of Purpose and shared to all the family members in a regular Family Retreat.
I’ve started it by applying velocity banking in my finances so I can pay my bills on time, eventually pay off debt faster and free up my cash so I can start infinite Banking.
I just started it yesterday actually with my 20k capital and so far it’s working as the Lord showed me: I’m able to pay off my bills and debts for the 1st and second week of this month and amazingly I still have that capital sitting in my time deposit account.
So far, that has given me a lot of peace of mind.
I’m hoping I can start the process of infinite Banking by buying whole insurance for myself next year. So then I can start my family bank.
I’m so happy I got to hear about and learn the concept of Velocity and Infinite Banking: the process of using and keeping your money in motion to create more Cashflow for you.
I believe these ideas and inspirations came from God.
I just applied His inspirations the best I could with what I have.
The Folly of Ignorance
I wish I heard about this 2 years ago when I received that part of the money from the sale of my father’s land, his inheritance.
My father already passed away and so my mother and siblings divided his part and shared it among us.
Not much, about 100k each but it’s such a blessing for us.
One sister used it to pay for her 2nd baby’s delivery, my other sister used it to pay and get back here pawned Jewelries, I used it to pay off a loan and invest in a VUL insurance which I stopped after 2 years and received a meager cashback in cash value.
I only learned yesterday that my mama put her share, 100k, in a time deposit in our Credit Cooperative earning 4.5% interest which she is still taking loans against even now.
I wish my sisters and I knew about this at that time. We could have all done the same and preserved that inheritance we got from our papa even now.
Sadly, mama never thought to share this with us. I think she didn’t know then that she can use her time deposit capital to loan against, which she does now.
Imagine if we, each of us, all had deposited it in a time deposit account in our Coop, then took a loan against it for all our needs: pay off debts, pay off for hospital delivery, etc. Then pay off that loan and then take a loan again to buy insurance policies that we can now use to apply infinite Banking?
Wow, that inheritance would have lasted long.
That’s why when I learned the concept of Velocity banking, I immediately shared it with my family so they can apply it too in their own lives if they want.
And that’s why I’m sharing it with you too. Because I believe this is wisdom that the Lord has given me and I wouldn’t have learned of it if I did not stumble on that YouTube video about being your own bank.
Blessings in Perpetuity
Guess when do you think I stumbled upon this concept of Velocity banking?
When I started tithing and claiming in my tithe that God will help me pay off my bills and debts.
Do you think that’s a coincidence? No.
It’s the promise of the tithe, giving 10% of all my income back to God.
Bring the full amount of your tithes to the Temple, so that there will be plenty of food there. Put me to the test and you will see that I will open the windows of heaven and pour out on you in abundance all kinds of good things. I will not let insects destroy your crops, and your grapevines will be loaded with grapes. Then the people of all nations will call you happy, because your land will be a good place to live in. Malachi 3:10-12 GNBDK
Open windows of heaven to pour on us in abundance all kinds of good things.
All these hopes and dreams of wealth and blessings in perpetuity?
All these start with God and they will all find fulfillment in God.
Do you want blessings to build wealth and your legacy in perpetuity?
Get into covenant with God. He gave you that desire and he can fulfill it too!
,4 'For my part, this is my covenant with you: you will become the father of many nations. 5 And you are no longer to be called Abram; your name is to be Abraham, for I am making you father of many nations. 6 I shall make you exceedingly fertile. I shall make you into nations, and your issue will be kings. 7 And I shall maintain my covenant between myself and you, and your descendants after you, generation after generation, as a covenant in perpetuity, to be your God and the God of your descendants after you. 8 And to you and to your descendants after you, I shall give the country where you are now immigrants, the entire land of Canaan, to own in perpetuity. And I shall be their God.' 9 God further said to Abraham, 'You for your part must keep my covenant, you and your descendants after you, generation after generation. Genesis 3
We are the stock of Abraham and through Jesus, we inherit that promise.
We are in covenant with God through Jesus.
For His part, God will give us blessings in perpetuity.
We can build that wealth that will last in perpetuity. Because God will help us.
For our part, we must keep that covenant obeying all that God has told us to do.
Start with giving the tithe, 10% of all your income as a sign of trust and dependence on God and in our covenant.
Then you will see amazing things happen: you will receive blessings in perpetuity – wealth (wealth in abilities, wealth in ideas, wealth in finances, wealth in relationships, wealth in good health) that will last for generations after generations.
Now your turn
Do you want to have blessings, wealth, and legacy in Perpetuity – that will last for generations after you?
Get into covenant with God through Jesus by accepting Him as Lord and Savior.
Then seek and honor Him first above all by giving Him the first fruits, the tithe, the tenth of all your income.
Give Him also the first fruit of your time by seeking Him in prayer everyday.
I love these times I spend with God in the morning, my morning walks to and from church, attending mass, and then spending time alone with Him writing these prayer reflections.
This made me open to receive and act on God-inspired ideas He sends my way.
And my life has been enriched all the more.
Get into covenant and stay in covenant with God. Then trust Him for His promise of blessing and wealth in perpetuity for you and generations after you.
- Get into covenant with God through Jesus
- Obey the terms of the covenant by obeying all that God tells you to do.
- Trust God to bless you with wealth in perpetuity.
I want to be in covenant with You. I accept Jesus as my own personal Lord and Savior. I trust You with my life and receive your blessing and wealth in perpetuity. In Jesus’ name.
This is it for now. Till next time.
To our health, wealth, and victory – GODSPEED!