3000: How to Pass Wealth to Your Kids by ESI on Family Wealth Planning | Optimal Relationships...
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 3000:
ESI explores the uncomfortable reality behind the phrase “shirtsleeves to shirtsleeves in three generations,” questioning whether wealth can truly be passed down without destroying the drive and discipline that created it in the first place. Drawing from personal experience, he examines why so many families lose their fortunes over time and wrestles with the challenge of helping children financially without undermining their independence, work ethic, and long-term success.
Read along with the original article(s) here: https://esimoney.com/pass-wealth-kids/
Quotes to ponder:
"The first generation experiences a life of hardship and is determined to make something better for themselves."
"70% of millionaires lose their wealth by the second generation"
"In other words, people who support their adult children financially on a regular basis aren’t really helping the kids, they are enabling them."
Episode references:
The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474
Learn more about your ad choices. Visit megaphone.fm/adchoices
Episode link: https://play.headliner.app/episode/33191082?utm_source=youtube Receive SMS online on sms24.me
TubeReader video aggregator is a website that collects and organizes online videos from the YouTube source. Video aggregation is done for different purposes, and TubeReader take different approaches to achieve their purpose.
Our try to collect videos of high quality or interest for visitors to view; the collection may be made by editors or may be based on community votes.
Another method is to base the collection on those videos most viewed, either at the aggregator site or at various popular video hosting sites.
TubeReader site exists to allow users to collect their own sets of videos, for personal use as well as for browsing and viewing by others; TubeReader can develop online communities around video sharing.
Our site allow users to create a personalized video playlist, for personal use as well as for browsing and viewing by others.
@YouTubeReaderBot allows you to subscribe to Youtube channels.
By using @YouTubeReaderBot Bot you agree with YouTube Terms of Service.
Use the @YouTubeReaderBot telegram bot to be the first to be notified when new videos are released on your favorite channels.
Look for new videos or channels and share them with your friends.
You can start using our bot from this video, subscribe now to 3000: How to Pass Wealth to Your Kids by ESI on Family Wealth Planning | Optimal Relationships...
What is YouTube?
YouTube is a free video sharing website that makes it easy to watch online videos. You can even create and upload your own videos to share with others. Originally created in 2005, YouTube is now one of the most popular sites on the Web, with visitors watching around 6 billion hours of video every month.