How to Build Generational Wealth
Have you heard the term “shirtsleeves to shirtsleeves in three generations”? It refers to the trouble of building generational wealth: The first generation builds wealth, the second generation spends it, and the third generation gets nothing. If you’ve spent years saving and investing wisely to prepare not just for your retirement, but to build a legacy of wealth that you can share with your children and other descendents, then this is probably not what you have in mind. But statistics bear out the old saying. In fact, it’s reported that 70% of wealthy families lose their wealth by the Read More