For centuries, families have pursued more than physical assets. It’s about passing on both values and capital. Joseph Plazo, a lawyer and wealth strategist, emphasizes that creating generational wealth is not an accident—it’s the result of discipline.
How Wealth Really Starts
You cannot preserve what you have not built. Joseph Plazo advises investing in appreciating assets.
For example, Wealth began not from wages, but from ownership.
Protecting Wealth from Erosion
Wealth experts agree 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. These tools protect wealth from lawsuits, taxes, and family disputes.
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.
Designing Wealth for Centuries
Generational wealth is not just cash—it’s continuity.
Plazo advocates automating investments, reinvesting dividends, and embedding governance structures into family constitutions.
That way, the family brand outlasts any single leader.
The Bigger Picture
In today’s uncertain check here 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: building not just riches, but a dynasty.