@thewhitecoatinvestor: 70% of family wealth is gone by generation two. 90% is gone by generation three. There are lots of reasons this happens, but it really comes down to dilution, taxes, spending behavior, and family dynamics. Even when you succeed, more money doesn't automatically mean a better life for your kids. Research on multi-generational wealthy families shows real downsides: eroded self-esteem, absent parents, and rigid expectations about how to live. If you're serious about building a financial legacy, the how and when matter as much as the how much. And the most important inheritance you can leave isn't the money. It's teaching your kids to manage it.

The White Coat Investor

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Tuesday 28 July 2026 21:34:56 GMT