What’s The Point of The Family Balance Sheet
The minute we are born, we become a member of a family. We are taught about family love and expect unconditional support from them in endless supply. “We are family, of course, I will be there for you.” You will hear that several times during your life. Until one day, you realize that you weren’t born in a family but a shaky startup with questionable accounts. It comes up in a casual conversation. One of your parents states that they hope you choose a profitable career so you can take care of your siblings and then them when they are old. Something inside you clicks. Wait…are you their child or a diversified asset expected to deliver an ROI? If you don’t manage to deliver, your parents are probably expecting their other children to step up. They are investing in you after all. Your basic needs are met, and you are being educated. And all this for several years until you are pushed out to go earn a living so you can start giving back what they have invested...