Why Most Families Stay Broke and How to Break the Cycle

28/05/2025 32 min Temporada 1 Episodio 138

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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