Maintaining Long Term Generational Wealth

In this episode of the Wade Borth Podcast, Wade explores why so many families lose their wealth within just a few generations and what can be done to stop the cycle. Using real-life examples from farming families and well-known legacies like the Vanderbilts and Rockefellers, Wade dives into the critical role of education, communication, and intentional planning in preserving generational wealth. He highlights the importance of family banking, setting standards for stewardship, and creating systems that help future generations understand, respect, and grow the legacy they inherit. Episode Highlights 01:01 - Education over money for generational success. 01:15 - The Vanderbilt wealth decline. 01:48 - Rockefeller vs. Vanderbilt comparison. 02:33 - Importance of education in farming families. 03:23 - Third generation observation gap. 04:18 - Educating future generations. 05:39 - Educated stewardship vs. poor stewardship. 06:41 - Passing knowledge and understanding. 07:36 - Family banking business concept. 08:04 - Success indicators beyond money. 09:03 - Intentional planning and legacy systems. 10:02 - Building a family financial education system.   Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/  [email protected]