Want to create an interactive transcript for this episode?
Podcast: Get Rich Education
Episode: How to Build Generational Wealth
Description: The wealth of families often dissipates to zero within a generation or two. Learn about the Vanderbilt family's downfall and how you can avoid these mistakes. Have an estate plan. I explain the difference between a will and a trust. I introduce you to my friend Michael Manthei. A regular GRE listener, Michael and his wife bought 55 units within 4 years and acquired $85,000 of annual real estate income. He thinks about generational wealth as: income, taxes and inflation, giving, faith, service, preserving stories, character, physical health, and that your family...