Why Most Families Stay Broke and How to Break the Cycle

In this episode, your hosts Jason and Scott discuss:

●    Breaking generational financial cycles

●    Creating personal banking systems

●    Importance of financial education

●    Leveraging other people's resources

●    Training heirs, not just accountants

Key Takeaways:

●    Wealthy families don't just accumulate wealth; they create systems that perpetuate financial growth across generations.

●    Traditional education fails to teach real financial principles, and breaking free from the industrial-era mindset of job dependency requires intentional learning and strategic thinking.

●    Controlling your financial ecosystem matters more than simply earning money.

●    Leverage isn't just about money, but also involves utilizing other people's time, knowledge, and resources, and successful families train their heirs to think strategically about wealth creation, not just accounting.

●    Reading key financial books, having open family discussions about money, and developing a long-term wealth strategy are critical steps in breaking generational financial cycles.

"The business of banking is nothing more than buying money at wholesale and selling at retail” — Jason Henderson

Connect with Jason and Scott:

Website:    https://henderxcapital.com/masteryourmillions

X (Twitter): @MasterYourMs https://twitter.com/MasterYourMs

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

Instagram: @henderxcapital https://www.instagram.com/henderxcapital/

         @jasonihenderson https://www.instagram.com/jason.henderson/

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