Being born with a silver spoon in your mouth is usually used as an insult aimed at members of high society families. People born into wealth seemed to have everything given to them since birth, but what many people quickly forget is the sacrifice and hard work that the family's founder went through, to create that lifestyle and privileges. These founders toiled and sacrificed to create something that they can pass onto future generations by creating generational wealth. A common theme amongst every parent is that they all dream of creating a life for their children where they would be happy, healthy and never lack anything. A life where all their needs would be met and fulfilled. This is also what wealth family founders intended for their family and generations to come. To allow their families to have an easier time and to have a better life than the previous generation.
Timestamp (0:53) What is generational wealth, and how is it different than personal wealth? (1:58) Who has generational wealth? (3:19) How can you make generational wealth? And how long will it take? (6:13) What are some of the benefits of having generational wealth? (7:50) What are some of the potential dangers to your newly built generational wealth?
DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses. - The Audible link is an affiliate link meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.
