Jake Claver, a prominent business leader, has shared a detailed perspective on the importance of financial planning for individuals who may see substantial gains from holding XRP . In a recent video accompanying his tweet that read, “Plan ahead and protect your wealth for the long-term,” Claver addressed the challenges that come with sudden wealth, comparing the situation of many potential XRP beneficiaries to that of lottery winners. He stressed that without proper preparation, a large portion of these individuals could lose their wealth within a few years. Claver noted that even with consistent discussions about wealth management, preservation, and family office strategies, the reality is that many individuals are not equipped to handle significant financial windfalls. He estimated that at least half of those who might find themselves with $20 million to $100 million in XRP-related gains could deplete their assets within three years. According to him, this outcome often results from spending on liabilities such as high-end homes, luxury cars, extravagant vacations, and yachts, without proper financial structuring or tax planning. Plan ahead and protect your wealth for the long-term pic.twitter.com/7PCQ5cbwjS — Jake Claver, QFOP (@beyond_broke) August 12, 2025 Importance of Proper Structures and Professional Guidance Claver explained that one of the primary mistakes wealthy individuals make is failing to conduct these purchases or investments through tax-efficient entities such as LLCs. He also pointed to the lack of estate structuring, financial committees, and ongoing portfolio diversification as factors that contribute to financial decline. He emphasized the benefits of borrowing against assets rather than selling them outright to avoid significant tax implications, and using the liquidity generated to acquire cash-flowing investments that can offset taxes and maintain long-term income. While promoting financial education, Claver made clear that his intent was not limited to encouraging individuals to work with his firm, Digital Ascension Group. He stated that his broader goal is to encourage members of the XRP community to take proactive steps to protect and grow their wealth over the long term. This includes gaining knowledge about insurance, trusts, legal structures, and employing qualified professionals who can help prevent costly mistakes. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Case for Early Action Claver underscored that many individuals are not driven by greed or ostentation, yet they remain vulnerable to financial mismanagement due to a lack of preparation. He referenced the practice of family offices, which often charge one to two percent annually on portfolios worth $100 million or more to manage complex financial decisions. In his view, this level of professional oversight is necessary because even minor errors, such as a 5% misstep, can translate to multimillion-dollar losses. His advice centers on early action—building a trusted network of financial advisors, legal experts, and strategic planners before significant wealth materializes. By doing so, individuals can position themselves to preserve their assets, sustain cash flow, and secure financial stability for themselves and future generations. Claver concluded by stressing that his goal is to empower, not instill fear. He reiterated that proactive wealth preservation is essential for those anticipating large gains from XRP and that surrounding oneself with capable professionals is one of the most effective measures to ensure long-term prosperity. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Business Leader Sends Vital Message to XRP Holders appeared first on Times Tabloid .
