Generational Wealth

Wise words from people that have already been there were you currently are, can certainly guide you to success with Generational Wealth.  We have identified a few phrases for you:

 “Shirtsleeves to shirtsleeves in three generations”.  Said in different cultures in different ways, the common them is that wealth can be squandered by the 3rd generation because the direct inheritors just spend it all. At 5Gens we believe that generations that properly inherit money can keep the wealth going for at least 5 generations, and we specialize on that. 

“I thought the idea was to make money so that I could then relax.  But now that I have all this money, I just spend all the time on the couch watching how stocks go up and down in value! I can’t take the stress anymore!”.  Anonymous participant at the Wharton School of Business Diploma in Wealth Management from 2003.  Money is just money, having non-material wealth such as family, friends, and good health is significantly more important for your heirs to live a happy life.

“The impression was gaining ground with me that it was a good thing to let the money be my slave and not make myself a slave to money.” — John D. Rockefeller.  Let the money work for you, not the other way around.   Allow experts to manage it instead of doing day trades and other types of crazy activities that can convert you into a stressed slave.