IF 14: Chris Delaney - How to Avoid Shirtsleeves to Shirtsleeves in Three Generations

On this episode of Impact Farming, we sit down with Chris Delaney to discuss Estate Planning and his book "The Naked Opus – Growing your family wealth for the long term".  Chris shares his knowledge and experience with estate planning and his "Game Changing" moment in business, why he wrote this book and he shares where the name "Naked Opus" comes from. We take a deeper look into the meaning of the saying - shirtsleeves to shirtsleeves in 3 generations Generation #1 - Creates the wealth Generation #2 - Stewards the wealth Generation #3 - Spends the wealth Only 3% of family wealth makes it to the 4th generation. This loss of the entrepreneur spirit over the generations, is forcing future generations back into the field. We need to continue the entrepreneur spirit from generation to generation. The things we do and the way we plan today guarantees that we will destroy our wealth in generations. The great news is that Farmers have a deeper desire for the legacy to last. It is time to do things differently. There are 4-5 key things that people do, that they should stop doing right away. Are you doing these things? Listen to find out.