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Wealth: Grow It and Protect It, Updated and Revised by Stuart E. Lucas

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4. Defining Your Financial Objectives

“It requires a great deal of boldness and a great deal of caution to make a great fortune.”

—Nathan Mayer Rothschild

After you articulate your family purpose, the next task is to translate that purpose into financial objectives. Based on the assessment you completed in the preceding chapter, your financial objectives will fall into one of two broad categories; either you will want to pursue a “distribution-driven” path to wealth management, or you will want to pursue a “growth-driven” path to wealth preservation and management.

Let’s explore what’s involved in following either of these paths so that you can decide which is better for you. Your lifestyle goals, the strength of your economic engine, your spending ...

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