The dream of leaving wealth behind is more than money in the bank. It’s about creating long-term security. As Joseph Plazo explains that creating generational wealth is not an accident—it’s the result of systems.
Step One: Creating the Capital
Every dynasty begins with the first builder. Experts like Joseph Plazo recommend building both active and passive income.
Consider this: Families that built lasting wealth—like the Rockefellers—did so by creating businesses that outlived them.
The Art of Preservation
History shows that 70% of wealthy families lose it all by the second generation. Why? Because heirs are often unprepared.
Joseph Plazo argues, preservation requires legal structures such as trusts and foundations. Without them, even Joseph Plazo millions vanish.
Passing on Values, Not Just Valuables
What separates the Vanderbilts from the Rothschilds? Not just numbers, but culture.
Joseph Plazo emphasizes, creating generational wealth means educating children in financial discipline. It is the secret ingredient in every dynasty.
From One Lifetime to a Hundred Years
Generational wealth is not just cash—it’s continuity.
Joseph Plazo recommends codifying rules into family offices, trusts, and succession plans.
That way, the family brand outlasts any single leader.
The Bigger Picture
In today’s uncertain economy, creating generational wealth is both a challenge and an opportunity.
In the words of Joseph Plazo, “Anyone can earn a fortune; few can build a dynasty.”
And that’s the heart of it: creating not just money, but meaning.