{"id":320,"date":"2009-08-13T08:05:00","date_gmt":"2009-08-13T08:05:00","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/blog\/?p=320"},"modified":"2009-08-13T08:05:00","modified_gmt":"2009-08-13T08:05:00","slug":"como-una-ola-la-pasta-entro-en-mi-vida-2","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/como-una-ola-la-pasta-entro-en-mi-vida-2\/","title":{"rendered":"Like a wave, pasta came into my life (2)"},"content":{"rendered":"<div style=\"text-align: justify;\"><a style=\"font-weight: bold;\" href=\"http:\/\/www.rankia.com\/blog\/familyoffice\/2009\/08\/como-una-ola-la-pasta-entro-en-mi.html\" target=\"_blank\" rel=\"noopener\">It\u2019s from yesterday\u2026<\/a><\/p>\n<p>Pilar, Pilar\u2026 you\u2019ve missed the point of our article. And of our blog, too. Happiness is one of our guiding principles when it comes to wealth management. Therefore, a celebration \u2013 the sort where you really go all out \u2013 is not only advisable but also essential. A lavish treat for yourself. What we mean is that you shouldn\u2019t buy expensive items that take up a significant proportion of your wealth before you\u2019ve generated sufficient income from it \u2013 such as a house, a luxury car or a yacht, etc\u2026 But a party, a celebration, a trip, a seafood feast, a treat, countless other indulgences, etc., etc\u2026 of course that\u2019s perfectly fine. If your new fortune doesn\u2019t make you happy, what the hell\u2019s the point of it then? But bear in mind, this must be compatible with the fortune growing and being passed on to the heirs of your choosing, if that is your wish.<\/p>\n<p><div class=\"connecta-video-container\" style=\"margin: 2em 0;\"><iframe title=\"What would you do if you won the Christmas Lottery?\" width=\"800\" height=\"600\" src=\"https:\/\/www.youtube.com\/embed\/sy9UFtDFoFI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div><\/p>\n<p>A fortune of a certain size should fulfil your desires and bring you happiness, whilst also growing at a healthy rate. If this isn\u2019t the case, you\u2019re not doing it right, or you\u2019ve got it wrong, and your windfall has one less zero than the euphoria led you to believe. And it shouldn\u2019t just satisfy your own whims, but, as you rightly say, those of the people around you (your niece\u2019s driving school). Remember that relatives and friends will come out of the woodwork, but if that satisfies you and fits in with your wealth\u2019s ability to generate income and grow, then go ahead. Of course!<\/p>\n<p>If your car is 15 years old, it\u2019s definitely time for a new one. If the new car is a mere trifle compared to the lottery prize, you can go and buy it today. But if that red convertible costs a pretty penny, it might be wiser to buy it in a quarter or two or three\u2019s time. After all, you\u2019ve been driving the same old banger for 15 years, so a few more months won\u2019t make much difference if it means doing the right thing. What\u2019s more, with a bit of luck, the carmine red one you fancy will have to be special-ordered from the factory, and by the time it comes off the production line, the growth in your fortune will have paid for it in full. To do otherwise is to burn through your money in a capricious, compulsive, stupid and irreversible manner.<\/p>\n<p><div class=\"connecta-video-container\" style=\"margin: 2em 0;\"><iframe title=\"Almost 74 million dollars for a single person in the EuroMillions. .\" width=\"800\" height=\"600\" src=\"https:\/\/www.youtube.com\/embed\/rWvQv60J8dw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div><\/p>\n<p>As I\u2019ve told you before, knowing what lies beyond Chinch\u00f3n should not hinder the growth potential of a considerable fortune, <span style=\"font-weight: bold;\">if what we want is for that prize to change our whole life (and that of our heirs) and not just for a few years.<\/span><\/p>\n<p>Be careful with your cousin\u2019s business because <span style=\"font-weight: bold;\">Not only do you risk what you invest, but you also face the risk of future losses.<\/span> Losses that could easily exceed the cost of your trip to Canada and your big splurge. A bad business deal can be a bottomless pit that leaves you penniless without even having had the chance to enjoy or blow your fortune. It could also ruin your relationship with your cousin, although that would be the least of your worries, because, as I\u2019ve told you before, you\u2019ll have cousins popping up everywhere. I\u2019m not saying you shouldn\u2019t invest part of a prize in a business, but you need to be very wary of the dent a business venture can make in your fortune. After all, if the chances of that business succeeding are very high, why haven\u2019t you tried it with money from the bank? And if they aren\u2019t, you\u2019d be better off spending your lottery prize on something more down-to-earth.<\/p>\n<p>You shouldn\u2019t worry that you\u2019ll get bored because your friends are working and you aren\u2019t, or because you have more free time than your friends. In fact <span style=\"font-weight: bold;\">It will be difficult to maintain some of your social circle, either because of conflicting schedules and\/or unbearable jealousy.<\/span> But don\u2019t worry, because you\u2019ll make new friends who\u2019ll have just as much free time and money to spend as you do, and what\u2019s more, you won\u2019t have to treat them. But you won\u2019t save any more money with them, because, even though everyone pays their own way, your activities will be more expensive. Your main focus, as well as enjoying life (because remember, you\u2019ll be richer but not necessarily live longer), can \u2013 or indeed should \u2013 be the <span style=\"font-weight: bold;\">learning how to manage your own assets<\/span>. This coaching is something we provide to many of our clients so that they become less and less dependent and increasingly capable of making decisions regarding their wealth. In other words, <span style=\"font-weight: bold;\">that his abilities should be as close as possible to those he would have had if he had been able to build up that fortune himself, rather than having it bestowed upon him (<\/span><a style=\"font-weight: bold;\" href=\"http:\/\/freshfamilyoffice.blogspot.com\/2008\/12\/jurassic-park.html\" target=\"_blank\" rel=\"noopener\">Jurassic Park syndrome<\/a><span style=\"font-weight: bold;\">).<\/span><\/p>\n<p><\/p>\n<p>The issue of housing is directly linked to improving quality of life. And it\u2019s something that simply has to happen. But in the current climate in Spain, you shouldn\u2019t buy a property at all; instead, you should rent the one you like best. With its little garden, library, east and west wings. But as a rental. If you do buy a property because you can\u2019t sleep without bricks under your pillow, make sure you choose it very carefully in terms of country, city and neighbourhood, and ensure it offers a solid return through rental income and retains its value in the face of cyclical depreciation. I repeat, to live in Spain, choose whatever you like best <span style=\"font-weight: bold;\">but for at least a few years, let\u2019s keep it as a rental<\/span>.<\/p>\n<p>As you can see, my dear Pilar, <a href=\"http:\/\/www.youtube.com\/watch?v=7xyiPGvLnn4\" target=\"_blank\" rel=\"noopener\">the poles of the awning don\u2019t necessarily have to fall over<\/a>. Nor the rings, for that matter. But even so, and having learnt that there is a way to enjoy a fortune whilst managing it properly, you are entirely free to decide that your estate should come to an end with you. Or even long before that. After all, it would be yours and yours alone, until you start to share it, whether voluntarily or involuntarily.<\/p>\n<p><div class=\"connecta-video-container\" style=\"margin: 2em 0;\"><iframe title=\"A double stroke of luck in the lottery\" width=\"800\" height=\"600\" src=\"https:\/\/www.youtube.com\/embed\/NmykglHFjmo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div><\/p>\n<p>Thank you very much, Pilar, for your friendly and insightful comment. I hope that reading our posts helps you realise that joining the ranks of impoverished millionaires must be a wholly voluntary (and reckless) act. You are absolutely right that <span style=\"font-weight: bold;\">Being a millionaire isn\u2019t <a href=\"http:\/\/www.youtube.com\/watch?v=nCISSGjcHL4\" target=\"_blank\" rel=\"noopener\">a state<\/a>, because if that\u2019s all there is to it, it will be short-lived<\/span>. But the downfall of someone who spent months or even a few years riding the wave of an inheritance or a lottery win (<a style=\"font-weight: bold;\" href=\"http:\/\/freshfamilyoffice.blogspot.com\/2008\/12\/jurassic-park.html\" target=\"_blank\" rel=\"noopener\">sudden windfall<\/a>), it\u2019s much harder even though the sand seems soft. Because of the tremendous impact caused by the speed that had been reached, and also because of the despondency of someone who knows that in their bloody life they\u2019ll never be able to stand on a board again. Despite the previous video (the exception that proves the rule), these sudden moments of fortune are unique, and there\u2019s no room for manoeuvre to put right the mistakes made. That\u2019s just the way it is.<\/div>","protected":false},"excerpt":{"rendered":"<p>Viene de ayer&#8230; Pilar, Pilar&#8230; no has entendido la esencia de nuestro art\u00edculo. Ni de nuestro blog. La Felicidad es una de nuestras premisas en la gesti\u00f3n de un patrimonio. Por lo tanto una celebraci\u00f3n, de esas como para hacerse da\u00f1o, no s\u00f3lo es aconsejable sino tambi\u00e9n imprescindible. Un homenaje a uno mismo por todo [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-320","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=320"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/320\/revisions"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}