25/08/2024
No matter how rich you are. If you don’t apply this principle,
You can LOSE all your wealth.
Generational wealth is not created by assets; it’s created by education. 90% of the time, by the third generation, the wealth is squandered. The reason is that they have never learned how to manage or create more wealth, let alone sustain the shared wealth.
If you want to create generational wealth, you have to teach the following generations how to fish. Even if there are plenty of fish in the sea, and you are uber-rich. History shows that if the generations following you are not educated on how to “fish”, the wealth that you worked so hard for will be in jeopardy.
Teach them how to fish.