Why Wealth Rarely Survives Grandchildren - Episode 624

In this episode of the Prosperity Thinker Podcast, Kim and Spencer tackle a listener’s query on wealth preservation across generations. Drawing on family tales and lessons, they explore why wealth seldom survives beyond three generations and share actionable strategies to change this. Learn how to instill enduring values, work ethics, and financial competence in kids through gigs instead of chores, a “three jar” system for financial literacy, and fostering open money discussions. Tune in for invaluable insights to nurture a legacy of prosperity.

Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers' thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at [e-mail] and we may answer it in an upcoming episode.

 

Links and Resources from this Episode

• For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/

• http://prosperityparents.com/ 

• https://prosperitythinkers.com/action/ 

• https://www.youtube.com/@KimDHButler

• https://www.marketwatch.com/story/why-wealth-rarely-survives-grandchildren-and-how-your-family-can-beat-the-odds-0ec8cb9d

• https://prosperityparents.com/ 

 

Show Notes

• Wealth rarely survives grandchildren.

• Shirt sleeves to shirt sleeves in three generations.

• First generation raises money; third generation forgets.

• Family communication and financial literacy as a foundation.

• A personal story of resilience from 4-H competitions.

• Instilling work values through storytelling.

• Prodigal son’s story and value of work.

• Creatin