How to Measure Success at Passing on Generational Wealth

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Most of the time 70 percent is lost in one generation, if you can get your next generation to maintain 80 percent of that wealth, is that a win? How should this be measured? You know, I think the measurements and the definition of what is a successful transference of wealth depends on the individual. So for me personally, when we designed our estate planning, our legacy plan, we actually mentioned some guidelines on how to utilize the money.

Our guest on the podcast today is Dr. Brittne Halford of More Joy, More Wealth. She and Dr. Dahle discuss how your upbringing affects your view on money. They discuss generational wealth and the difference between being rich and having wealth. They talk about how to teach your kids about money and how to help them learn to work hard and create the life they want even if they have some generational wealth coming their way.

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