The #1 Reason Why 70% of Wealthy Families Lose All Their Money | Money Guy Podcast

Your kids, grandkids, great-grandkids could go broke if you do not fix this problem. Yes, that may seem a bit harsh, but when you look at the statistics of generational wealth building it is very somber.

• 70% of rich families lose their wealth by the 2nd generation
• 70% of family-owned businesses fail and/or sold by the 2nd generation
• 86% of millionaires are first generation.

Tune in to this week’s episode of The Money Guy Show as we reveal the secrets to sustaining your wealth through future generations. Learn the practical steps you and your family can implement to keep your wealth for generations to come.

For more details, please visit the show notes on our website: link#1-reason-why-wealthy-families-lose/