Posted: September 19, 2024 at 6:42 pm
Why 70 % of families lose wealth by 2nd generation (Forbes)
Generational wealth is an aspect of financial planning that is geared toward passing down stable, significant financial resources to future generations. But can anyone really teach wealth? If all it took was knowledge to become wealthy, then most business people, professors, financial planners and others would be very wealthy. The reason they’re not is because becoming wealthy requires a lot more than knowledge. It requires hard work, discipline, sacrifice and many other traits that are very hard to teach and pass on.
The generation that earns the wealth is the generation that worked and experienced hardships to make sure they achieve...Read More