John D. Rockefeller made an important statement once – Own nothing, but control everything. Coming from someone with incredible wealth, this aspect has been thoroughly analyzed overtime and has become a top rule for handling money.
What he meant is fairly simple to understand. If you do not own anything, it means it cannot be taken away from you. This is what asset protection truly means, and believe it or not, it can be done legally. Most people simply forget about this aspect, though.
Back in the early 1990s, only a few people knew how asset protection truly works. With time, the popularity of this concept grew, so by the late 1990s, most millionaires had some clues about asset protection – it started spreading overnight.
The...