The Carey Nieuwhof Leadership Podcast

CNLP 653 | Ken Costa on The 100 Trillion Dollar Wealth Transfer, When Millennials and Gen Z Inherit Unprecedented Money, and The Keys to Wealth For Beginning Investors

9 snips
May 28, 2024
Guest
Ken Costa
Global investment banker, financier, and philanthropist Ken Costa talks about the 100 trillion dollar wealth transfer to Millennial and Gen Z children, the impact on housing and technology, and the church's role. He discusses misconceptions about money, compound interest, and preparing for the wealth transfer.
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INSIGHT

Unprecedented Wealth and Power Transfer

  • The upcoming wealth transfer from boomers to younger generations is unprecedented in size, totaling over $100 trillion globally.
  • This transfer also represents a shift in power due to the younger generation's tech savviness and different values.
INSIGHT

Evolving Perspective on Money and Faith

  • Ken Costa's perspective on money evolved over time, from assuming wealth to recognizing it must be earned.
  • His faith journey further shaped his understanding, revealing common misunderstandings about money and the kingdom.
ANECDOTE

Cambridge Faith Journey

  • Ken Costa's faith journey began at Cambridge University alongside notable figures like Justin Welby and Nicky Gumbel.
  • This period was marked by a spiritual awakening and a new approach to religion.
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