Listen "Why Most Families Stay Broke and How to Break the Cycle"
Episode Synopsis
In this episode, your hosts Jason and Scott discuss:● Breaking generational financial cycles● Creating personal banking systems● Importance of financial education● Leveraging other people's resources● Training heirs, not just accountants Key Takeaways:● Wealthy families don't just accumulate wealth; they create systems that perpetuate financial growth across generations.● Traditional education fails to teach real financial principles, and breaking free from the industrial-era mindset of job dependency requires intentional learning and strategic thinking.● Controlling your financial ecosystem matters more than simply earning money. ● Leverage isn't just about money, but also involves utilizing other people's time, knowledge, and resources, and successful families train their heirs to think strategically about wealth creation, not just accounting.● Reading key financial books, having open family discussions about money, and developing a long-term wealth strategy are critical steps in breaking generational financial cycles. "The business of banking is nothing more than buying money at wholesale and selling at retail” — Jason Henderson Connect with Jason and Scott:Website: https://henderxcapital.com/masteryourmillionsX (Twitter): @MasterYourMs https://twitter.com/MasterYourMs Facebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @henderxcapital https://www.instagram.com/henderxcapital/ @jasonihenderson https://www.instagram.com/jason.henderson/ Email: [email protected], [email protected]
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