Why is so much energy spent on making and growing money, but none on protecting it? Can you imagine if a NFL team did that, had a great offense but no defense? Just look at the financial world.. They have a great team and it is all offense. They even have their own rule! It is called the Rule of 72. Divide 72 by your expected rate of return and it will tell you the number of years it takes to double your money. Voila!

I am a lawyer. Since 1996, I played defense by helping families with estate and asset protection planning. One thing I learned is that the Law really can protect your family's wealth. But even with the authority of federal law behind us, lawyers have failed 70%. Why, you ask. We don't have a rule! If we did, this is how it would work. Round 68 up to 70 and that tells you the percentage of wealth that is blown at the Audi dealership during the second generation. You see, 68% of Americans do not even have a Will. That is the number we rounded up. 70 led us to the percentage of kids who inherit some or all of their parent's estate and blow it, leaving nothing to leave to their kids. Happily, 30% makes it to the third generation. Oh, yeah. 90% of that is lost before passing onto the fourth.

How is this possible? My theory is that lawyers make the whole thing so miserable, family leaders give up, or become so confused they run out and buy a living trust.

I want to help you understand how it works. What is important. And what is marketing baloney. To do that, I have a podcast, the BoomX Show: the Laws of Money. This led to the BoomX Academy (free and tuition-based instruction, and BoomX Nation (free and $44 per month membership so people can come together and figure it out together.

I will re-post some of the Academy's articles to my Facebook page hereafter. Join us here or there. Let's make it the Rule of ZERO.