The dream of leaving wealth behind is more than money in the bank. It’s about passing on both values and capital. According to Joseph Plazo that creating generational wealth is not an accident—it’s the result of strategy.
How Wealth Really Starts
Before wealth can be preserved, it must be created. Joseph Plazo teaches diversifying income streams.
For example, Wealth began not from wages, but from ownership.
Protecting Wealth from Erosion
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. These tools protect wealth from lawsuits, taxes, and family disputes.
Passing on Values, Not Just Valuables
What separates the Vanderbilts from the Rothschilds? Not just numbers, but culture.
According to Joseph Plazo, 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.
This ensures your great-grandchildren benefit from your vision.
Why get more info This Matters Now
With markets shifting faster than ever, creating generational wealth is both a challenge and an opportunity.
In the words of Joseph Plazo, “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.