What can the North American Financial Market teach us?
The information contained in this text is for comparative purposes only. Our goal is not to criticize the Brazilian community, but rather to show how an economy with 18 trillion dollars works as a whole.
Plan your Life, Always!
Developing medium and long-term planning to protect one's assets and future generations is a common American habit. When a child is born, parents think about the resources that should be saved for college, and when they enter the job market, young people start planning for retirement.
Americans are concerned with working to create solid financial structures. To get an idea of what we are talking about, just look at stories like the Rockefeller family, which created a perpetual financial structure that began in 1870 and protected all future generations with the asset perpetuity system, using structures like the Dynasty Trust. As long as the Rockefeller family exists, the heirs will benefit, just as happens with the other dynasties that are at the top of the American social pyramid, such as the Waltons, the Koches, the Marses and the Mellons.
In concepts and structures like these, what was built over 150 years ago continues and will continue to be protected, never being dilapidated by conflicts between heirs, divorce, or other legal obstacles.
Set Financial Goals
Brazil's economic history shows the difficulty of planning for the future due to high inflation. In the 1980s, the average inflation rate was 330%, and between 1990 and 1994, it reached 764% per year. The economic plans launched between 1986 and 1994 (Cruzado, Bresser, Verão, Collor and Real) aimed to control this inflation.
Brazil’s current economic situation remains unstable, with frequent economic fluctuations. Inflation, although controlled compared to past decades, is still a constant concern. Therefore, the need for solid financial planning has never been more important.
Setting clear goals, diversifying investments and dollarizing part of your assets are effective strategies for protecting your financial future.
Planning is essential to navigate uncertain times. RC Patrimonial is here to help you chart a safe and structured path to protect and grow your assets in a globalized scenario.
Monitor the Health of Your Finances
To ensure financial success, both personally and in business, ongoing monitoring is crucial. Finding and interviewing financial advisors can be the first step toward effective wealth management. Choose a professional who can analyze market trends and tax impacts over time.
Diversification is key. Concentrating all of your assets in real estate or businesses can lead to liquidity problems in emergencies. We often see families with large amounts of fixed assets, which makes it difficult to quickly access resources when needed.
Analyzing your financial needs in a structured and disciplined manner is vital. Adjusting your goals periodically helps keep your finances healthy and prepared for any eventuality. With these practices, you will be better equipped to protect and grow your wealth safely and efficiently.