To construct a legacy that will last, you need to forget everything you think you know about what it means to be rich.
Bill Bonner is an American author of books and articles on economic and financial subjects. He wrote the book 'Family Fortune: How to Build Family Wealth and Hold on to It for 100 Years' based on his own experiences.
"I don't come from an old money family, my grandfather was in the coal business, and he lost all his money and went bankrupt in the great depression in the 1930s. So when I was growing up, we were very poor. I am like these people: the first generation wealth builders. I started out as a young man I just tried some ways to make money and I found out my business – publishing business which I like quite a bit. And I worked on it for a long time before I made any money."
Bill Bonner says when he was young; t
