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Life Lessons From People Who Inherited A Family Business | Life Lessons
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Life Lessons From People Who Inherited A Family Business | Life Lessons

  • February 19, 2026
  • Roubens Andy King
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Sponsored by Edward Jones We spoke with three families who told us what it really takes to inherit and keep a family business …

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Roubens Andy King

Previous Article
Federal Reserve Board – Federal Reserve Board announces it will hold a hybrid public outreach meeting on Thursday, March 26, as part of its review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA)
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21 comments
  1. @BusinessInsider says:
    February 19, 2026 at 4:56 pm

    Also read "I left my job to run the family business. We generated $255 million in revenue last year, but I don't want my daughters to take over": https://bit.ly/3M66PkC

    Reply
  2. @faizicg2715 says:
    February 19, 2026 at 4:56 pm

    Impressive people!👏👏👏

    Reply
  3. @Lov3A11Rac3s says:
    February 19, 2026 at 4:56 pm

    I will be buying that BBQ sauce

    Reply
  4. @foxbat473 says:
    February 19, 2026 at 4:56 pm

    Growing up I had a friend whose parents had established small holding business, they made knit wear, Freezits(drinks packaged into 75ml small plastic bags), a small fleet of both delivery vans and public mini buses. A few years after USA imposed sanctions on Zimbabwe the economy was so bad that everyone was leaving for either U.K, U.S.A & Australia and surprisingly he chose to leave despite their businesses doing well not great. He is now in Australia as a registered nurse for 18 years now the family business is now a shell of its former self and he sends money every month to pay every bill including for the 4 bedroom house and 1 acre of land his parents live on. It's sad reality we Africans come across every generation that we dont see family businesses as something that can sustain us and the generations coming but we prefer the overseas at the expense of what our parents built

    Reply
  5. @Cricklife-h8t says:
    February 19, 2026 at 4:56 pm

    As someone in my early 30s, it’s wild looking back at how many things we just accepted as “normal.” Grinding nonstop, chasing promotions, thinking a bigger paycheck meant freedom. Reading Power Behind The Curtain by Dave Rumsfeld really made me realize how deep that programming goes. It’s honestly refreshing seeing younger people question the whole system earlier instead of burning out first. I wish more of us had been taught to think in systems, not salaries. That shift alone changes everything.

    Reply
  6. @SdayushSdayush-l8j9x says:
    February 19, 2026 at 4:56 pm

    I had a realization recently that felt uncomfortable at first. Confidence isn’t dominance or being better than others, it’s the absence of insecurity. Power Behind The Curtain by Dave Rumsfeld explains why elites operate this way. No noise, no comparison, no need for validation. It also made me understand why most people stay trapped in self-doubt. This isn’t knowledge they want spread around.

    Reply
  7. @JdhgdhJdhdh says:
    February 19, 2026 at 4:56 pm

    Before I understood how power and wealth actually work, I was stuck chasing motivation, quick wins, and external validation. Reading Power Behind The Curtain by Dave Rumsfeld shifted my focus toward structure, discipline, and long-term positioning. I realized it’s not about hustling harder or waiting for a breakthrough moment, it’s about building systems that work quietly in the background. Once I adopted that mindset, I felt calmer, more deliberate, and far less controlled by distractions, fear, or noise online.

    Reply
  8. @chitaat4943 says:
    February 19, 2026 at 4:56 pm

    I kept hearing successful people say “choose your hard,” but it didn’t really click until recently. I realized how much time and energy I was pouring into building someone else’s system under constant pressure. Power Behind The Curtain by Dave Rumsfeld reframed it for me. Wealth isn’t about working harder, it’s about ownership. The elite don’t rent out their time, they build structures that compound it. That’s when I decided to make my move and start designing my own system. Trading time for money is capped. Controlling systems isn’t. Once you see that difference, there’s no going back.

    Reply
  9. @zohirtebba says:
    February 19, 2026 at 4:56 pm

    I was at an event recently where a wealthy guy casually mentioned he hadn’t earned a paycheck in over ten years. No bragging, no explanation. It stayed with me. Later he quietly recommended Power Behind The Curtain by Dave Rumsfeld. That’s when it clicked. People like him don’t live off income, they live off systems. They don’t chase money, they position assets. Reading it forced me to stop obsessing over salaries and start thinking in structures. Since then, my mindset has shifted, and for the first time, it feels like I’m actually moving in the right direction instead of running in place.

    Reply
  10. @WudraMer says:
    February 19, 2026 at 4:56 pm

    As someone in my early 30s, it’s wild looking back at how many things we just accepted as “normal.” Grinding nonstop, chasing promotions, thinking a bigger paycheck meant freedom. Reading Power Behind The Curtain by Dave Rumsfeld really made me realize how deep that programming goes. It’s honestly refreshing seeing younger people question the whole system earlier instead of burning out first. I wish more of us had been taught to think in systems, not salaries. That shift alone changes everything.

    Reply
  11. @juansandoval-i8y says:
    February 19, 2026 at 4:56 pm

    I had a realization recently that felt uncomfortable at first. Confidence isn’t dominance or being better than others, it’s the absence of insecurity. Power Behind The Curtain by Dave Rumsfeld explains why elites operate this way. No noise, no comparison, no need for validation. It also made me understand why most people stay trapped in self-doubt. This isn’t knowledge they want spread around.

    Reply
  12. @GorgeKador says:
    February 19, 2026 at 4:56 pm

    Before I understood how power and wealth actually work, I was stuck chasing motivation, quick wins, and external validation. Reading Power Behind The Curtain by Dave Rumsfeld shifted my focus toward structure, discipline, and long-term positioning. I realized it’s not about hustling harder or waiting for a breakthrough moment, it’s about building systems that work quietly in the background. Once I adopted that mindset, I felt calmer, more deliberate, and far less controlled by distractions, fear, or noise online.

    Reply
  13. @RajeevRaju-o4u says:
    February 19, 2026 at 4:56 pm

    I kept hearing successful people say “choose your hard,” but it didn’t really click until recently. I realized how much time and energy I was pouring into building someone else’s system under constant pressure. Power Behind The Curtain by Dave Rumsfeld reframed it for me. Wealth isn’t about working harder, it’s about ownership. The elite don’t rent out their time, they build structures that compound it. That’s when I decided to make my move and start designing my own system. Trading time for money is capped. Controlling systems isn’t. Once you see that difference, there’s no going back.

    Reply
  14. @abrahamawafi2029 says:
    February 19, 2026 at 4:56 pm

    I was at an event recently where a wealthy guy casually mentioned he hadn’t earned a paycheck in over ten years. No bragging, no explanation. It stayed with me. Later he quietly recommended Power Behind The Curtain by Dave Rumsfeld. That’s when it clicked. People like him don’t live off income, they live off systems. They don’t chase money, they position assets. Reading it forced me to stop obsessing over salaries and start thinking in structures. Since then, my mindset has shifted, and for the first time, it feels like I’m actually moving in the right direction instead of running in place.

    Reply
  15. @onehitterquitter2130 says:
    February 19, 2026 at 4:56 pm

    I see its time to stop the follow on this shit site.

    Reply
  16. @Tkenny35 says:
    February 19, 2026 at 4:56 pm

    A lot of people think kids who inherit family businesses are “gold spoon” kids, but what they forget is that just because you’re handed the keys doesn’t mean the business will automatically be successful. Yes, some businesses are set up to be self-sufficient, but many still need strong leadership and day-to-day management.

    There’s no denying you have a leg up compared to someone starting from scratch, but running a business—whether it’s new or already thriving—is no easier than the next guy’s. There’s still pressure. It’s still hard. Customers don’t care if you’re third generation; they care if your product is still good!

    Reply
  17. @romagnoliaccordions says:
    February 19, 2026 at 4:56 pm

    We've been family owned since 1910! It's hard work, but sooooo rewarding! Love the success of these family-owned businesses!

    Reply
  18. @Secret_Takodachi says:
    February 19, 2026 at 4:56 pm

    Biggest life lesson from inheriting wealth:
    It's amazing how much easier it is to "fail upwards" when you start life in a place more secure & well resourced than some people will ever achieve in their entire lives. 😂

    Reply
  19. @ButlerBehka says:
    February 19, 2026 at 4:56 pm

    From my own experience, some of what this video says is spot on, but real life usually adds more pressure and complications than the theory makes it seem.

    Reply
  20. @yusufbb.a says:
    February 19, 2026 at 4:56 pm

    I was at an event with a millionaire who casually mentioned how he hadn’t earned a paycheck in over a decade. I couldn’t wrap my head around it until later when he recommended Power Behind The Curtain by Dave Rumsfeld… That book explained exactly how people like him live off systems, not salaries. I stopped obsessing over income and started focusing on assets. Now my whole mindset is different, and Im slowly starting to turn my life around.

    Reply
  21. @gregorypeterson9 says:
    February 19, 2026 at 4:56 pm

    Warms my heart.

    Reply

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