Tony’s formula seems to be based in common sense: Spend less than you earn; achieve a critical mass for investment income.
Interesting read about the values shared by many high net worth individuals today.
This article offers a good overview for seniors who are struggling with their not-yet-financially-independent children. Of course, an adult child who is fiscally responsible is the ultimate goal, but some may never get there. In an age of entitlement and runaway spending, trusts can provide for adult children while still protecting them, and their inheritance.