Main Street PhilanthropyPosted on
We’ve all heard the classic “rags to riches” tales of the American Dream, but did you listen to the rest of those stories? According to a recent article by CNN.com, 90% of the time, a family’s fortune is gone by the third generation. Real Wealth® guest Ryan Ponsford noticed that as wealth was transitioning to the children, they end up blowing all the money and hating each other. Listen in to hear Ryan explain this phenomenon, and how you can help your family avoid going from riches back to rags.
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