CNLP 653 | Ken Costa on The 100 Trillion Dollar Wealth Transfer, When Millennials and Gen Z Inherit Unprecedented Money, and The Keys to Wealth For Beginning Investors

Global investment banker, financier, and philanthropist Ken Costa talks about the 100 trillion dollar wealth transfer that's happening over the next decade as Boomers pass on their wealth to their Millennial and Gen Z children. He discusses what happens when the next generation inherits that much money and the key to wealth for beginning investors. Show Notes The Art of Leadership Live On The Rise Newsletter Preaching Cheat Sheet Watch on YouTube Follow @careynieuwhof Follow @theartofleadershipnetwork   This episode is sponsored by: GLOO Forward-thinking pastors are turning to texting—a direct and effective way to reach your congregation. Our partners at Gloo are offering free, unlimited texting to up to three groups in your system. Visit gloo.us/freetexting   TENX10 What if I told you that you can get a personalized assessment of your youth ministry in just 5 minutes? Well, now you can! To complete your free Relational Discipleship Inventory and access other expertly curated resources, visit TENx10.org today.   TIMESTAMPS: Misconceptions about money and faith (00:10:45) Compound interest and investment (00:22:16) The $100 trillion wealth transfer (00:25:40) Influence of wealth transfer on the housing market (00:28:44) Impact of technology and inheritance (00:32:06) Generational divide and church's role (00:35:16) Technology's empowering role (00:38:49) Preparing for the wealth transfer (00:43:09) Churches and estate planning (00:46:05) The vision for generational unity (00:50:29) Financial advice for younger generations (00:52:31)   Brought to you by The Art of Leadership Network