Did you know that 70% of wealth is lost by the second generation and 90% is lot by the third? In this episode of the Red Barn Financial Podcast, I dig into reasons why that may be the case.
Generational wealth is wealth that is handed down from one generation to the next and it is often squandered. We will talk about this today and I invite you to share your thoughts and perspective on the topic.
Proverbs 13:22 is the reference to leaving wealth to your grandchildren. The parable of the Prodigal Son in Luke 15:11-32.
Disclaimer: Information in this podcast is for educational and informational purposes only and is not tax, legal or investment advice.
If you would like to speak with a financial advisor, please reach out to us at www.redbarnfinancial.com or call 615-619-6919
