By the time 65 rolls around, only one in 100 people will be well-off financially. Shockingly, 70% of wealthy families lose their wealth by the second generation, and 90% by the third generation. Even if you make a fortune now, statistically, you or your descendants might lose it. But don’t worry – we’ve got a plan to help you secure your wealth for generations. By the end of this video, not only will you understand what it takes to build generational wealth, but you'll also have a game plan for your kids. Let's get started!
Key Points in This Video:
Invest in Land: Learn how land ownership can secure long-term wealth. Examples from John Malone, the largest landowner in the U.S.
Real Estate Investments: Discover the benefits of owning rental properties, commercial real estate, and hotels. Inspired by Donald Bren's real estate empire.
Evergreen Businesses: Tips on creating businesses that last generations. Case studies include Hilton, Ford, and Disney.
S&P 500 Investments: Why investing in the S&P 500 is a smart, long-term strategy.
Buy, Borrow, Die Strategy: Avoid taxes and build wealth like Warren Buffett.
Cryptocurrency Investments: The potential of Bitcoin as a store of value.
Precious Metals: The stability of gold and silver investments.
Art and Collectibles: Investing in items that appreciate in value over time.
Continuous Earning: The importance of never stopping earning, with insights from Jeff Bezos.
Compounding Wealth: The power of compound interest.
Marriage and Estate Planning: The impact of marriage on wealth and the importance of strategic estate planning.
Mentoring the Next Generation: How to mentor your children to continue your legacy.
The 5% Rule: A sustainable withdrawal strategy to ensure long-term wealth.
Resources Mentioned:
AcreValue for land investment research.
Stessa for managing rental properties.
BizPlan for business planning and management.
Vanguard and Fidelity for investing in the S&P 500.
Personal Capital for managing loans and assets.
Coinbase for buying and holding cryptocurrency.
GoldSilver.com for purchasing and storing precious metals.
Masterworks for art investment.
TurboTax for tax planning and management.
Compound Daily Interest Calculator for tracking investments.
Trust & Will for estate planning.
GrowthMentor for mentoring guidance.
Mint for managing withdrawals and finances.
Thank you for watching. If you found this video valuable, please like, comment, and subscribe for more content on wealth, finance, and personal growth. Remember, wealth isn’t just about money; it’s about the freedom to live life on your terms. And now, for the answer to the riddle: The answer is 'The future.' Until next time, keep striving for financial freedom.
