Discover and read the best of Twitter Threads about #Generationalwealth
Most recents (3)
Whether you like it or not, we're in an #economic #reset & nothing can stop it
The #macro chart of the #USA #economy reveals a crucial insight everyone should pay attention to
US #GDP & M2 money supply in #USD tn
Read on...
#tradingview chart👉bit.ly/3IwTBrt
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The #macro chart of the #USA #economy reveals a crucial insight everyone should pay attention to
US #GDP & M2 money supply in #USD tn
Read on...
#tradingview chart👉bit.ly/3IwTBrt
1/🧵
Untill 2011, money supply M2 consistently remained below 60% of #GDP
#Growth in M2 kept pace with GDP growth
Enabling low #inflation secular growth #economy
Despite popular #fintwit narrative, even GFC of 2008 did not upset M2 GDP⚖️balance
This is what GFC did...
2/🧵
#Growth in M2 kept pace with GDP growth
Enabling low #inflation secular growth #economy
Despite popular #fintwit narrative, even GFC of 2008 did not upset M2 GDP⚖️balance
This is what GFC did...
2/🧵
GENERATIONAL WEALTH is the practice of passing down significant financial resources to future generations. But 70% of wealthy families will lose their wealth by the second generation and 90% by the third.
Why does this happen and how do Family Offices prevent this:🧵
Why does this happen and how do Family Offices prevent this:🧵
Generations are taught not to talk about money, so the next generation may have no idea about the value of money or how to handle it.
This may be driven by worries that the next generation will become lazy and entitled, so wealth is kept a secret.
This may be driven by worries that the next generation will become lazy and entitled, so wealth is kept a secret.
The next generation grows up in a life of plenty and may not understand the struggles and sacrifices of the previous generations.
Building wealth takes hard work and discipline. The further you are away from that, the more difficult it is to understand.
Building wealth takes hard work and discipline. The further you are away from that, the more difficult it is to understand.
in #BlackHistoryIsAmericanHistory, I'll share a personal story of a White friend of mine. Her Grandfather, while fighting in the war, made friends with a Black solider from his town. Upon returning home, they both recieved their GI Bill and purchased a home for $8k each.
Laws forbade the Black vet from purchasing in certain areas. The White vet purchased in an upscale area. The Black vet purchased on the Black side of town. My friend went on to tell me that he grandfather's house was long paid off and worth over $1 million today.
While homes on the side of town the Black vet purchased never increased higher than $125k. My friend told me that everyone in her family recieved loans from the equity in granddads house to attend college, and use as down payments for their first homes.
