Generational wealth has always been more than a stock portfolio. It’s about ensuring a family legacy. Thought leaders like Joseph Plazo remind us that creating generational wealth is not an accident—it’s the result of planning.
Step One: Creating the Capital
Every dynasty begins with the first builder. Joseph Plazo advises investing in appreciating assets.
Consider this: Wealth began not from wages, but from ownership.
The Art of Preservation
Wealth experts agree that 70% of wealthy families lose it all by the second generation. Why? Because heirs are often unprepared.
Joseph Plazo argues, preservation requires legal structures such as trusts and foundations. Without them, even millions vanish.
Passing on Values, Not Just Valuables
What separates the Vanderbilts from the Rothschilds? Not just numbers, but culture.
Joseph Plazo emphasizes, creating generational wealth means embedding family values that prioritize stewardship over consumption. It is the secret ingredient in every dynasty.
Designing Wealth for Centuries
Generational wealth is not just cash—it’s continuity.
Joseph Plazo recommends codifying rules into family offices, trusts, and succession plans.
That way, the family brand outlasts any single leader.
The Bigger Picture
With markets shifting faster than ever, creating generational wealth is both a challenge and an opportunity.
In the words of Joseph Plazo, click here “Generational wealth isn’t about you—it’s about who comes after.”
And that’s the heart of it: creating not just money, but meaning.