Christina Mangino: Harmony Builds Multi-Generational Wealth

In this episode, Jason, Scott, and Christina discuss:

Building multigenerational wealth 

Keeping harmony in the family 

Conflict is a catalyst of change 

The importance of trust in building wealth

 Key Takeaways:

What’s better than making millions and enjoying it within your lifetime? It’s passing it on to the next generation and equipping them with values and strategies that will allow them to care for that wealth and keep passing it on. 

The key to creating a multigenerational wealth strategy is to keep the family in harmony. Utilize communication and build relationships with your family like you were building a team. Focus on team culture and structuring the family so that they continue to thrive. 

Work on your communication with your family. Learn how to handle conflict in a healthy way for it is a catalyst of growth. Inspire a culture of honesty and transparency where people can be open about what they feel and what they’re going through. 

Only three out of 10 families actually pass money to the third generation and data shows that 85% of the time the reason they were able to successfully do that is because of trust and communication. 

 "If you're not protecting the most valuable asset, the relationships, then, you know, then you might as well just give it to them and tell them to do what they want because the relationships are the key to having that true impact." — Christina Mangino

 About Christina Mangino: Her mission is to help successful families achieve significance beyond business, by building a strong relational foundation that ensures their values will be passed down alongside their wealth. Creating a purposeful legacy with multi-generational impact and a heart of generosity. She specializes in Family Relational Coaching, Values-Based Financial Planning, Legacy Planning, Tax Minimization, Asset Protection, Wealth Management

Connect with Christina Mangino:

Website: https://svwealth.com/ 

LinkedIn: https://www.linkedin.com/in/christinamangino/ 

Connect with Jason and Scott:

Website:   https://henderxcapital.com/masteryourmillions

Twitter:  @MasterYourMs

Facebook: https://www.facebook.com/groups/realestateinvestorsofutah 

Instagram: @MasterYourMs

Email: jasonchem@gmail.com, scott@henderxcapital.com