There were two men who both made millions. Actually, over 100 million dollars apiece!
In the 1800's no less! Their names were Cornelius Vanderbilt and Mayer Rothschild.
One knew how to leave a legacy and the other didn't.
Want to know some keys to lasting legacy?
This is a picture of Mayer Amschel Rothschild. He left a great legacy! But let's begin with Cornelius Vanderbilt. Vanderbilt was the richest man on earth during his lifetime. He amassed wealth in the transportation business. Upon Vanderbilt's death, he was worth $105 million! He left $1 million to Central University, but wasn't known for being philanthropic. Decades after his death, the Vanderbilt heirs gathered and there was not one millionaire among them! The legacy of wealth was gone.
Back to Mayer Rothschild. He amassed wealth in the banking business and in contrast to Vanderbilt, was strategic in the area of stewardship. Rothschild died in 1812, but the Rothschild wealth lives on. The exact amount of wealth in the Rothschild family today is unknown, but estimated at OVER ONE TRILLION DOLLARS! Their legacy of wealth is astounding! There are three main keys the Rothschilds live by:
1. They loan their heirs money and enter into joint ventures with them.
In essence they have a "family bank."
2. Any knowledge and experience heirs gain from business ventures
have to be shared with ALL other family members.
3. The family gathers at least once a year to reaffirm its virtues and intentions.
If you don't participate in this gathering you can't participate in the perpetual family fund.
If you're like me, you look for principles in stories like this. How does this apply to parenting? To teaching kids in Sunday School? To leaving a family legacy? Here are some keys I see:
Be industrious and intentional. Look for opportunities and pursue them.
It's great to teach kids how to work and be entrepreneurial!
Share your knowledge with everyone else in the family.
We should freely share our successes and failures (with wisdom) with the kids we work with. "I'm really glad I obeyed the voice of the Holy Spirit inside of me when He said not to gossip." OR "You know, I regret that I dated that person for so long because it didn't lead to marriage and only hurt me."
Reaffirm your virtues and intentions.
Gather regularly to talk about the virtues you live by and the vision and intention you have for your lives! We all know how important it is to keep God's Word and your goals before your eyes and we need to be intentional about doing this with kids.
I believe small changes add up to big results. These are some keys to lasting legacy that I believe will impact your life!