Generational wealth has always been more than a fortune in real estate. It’s about weaving prosperity into a bloodline. Joseph Plazo, a lawyer and wealth strategist, emphasizes that creating generational wealth is not an accident—it’s the result of discipline.
Step One: Creating the Capital
Every dynasty begins with the first builder. Joseph Plazo advises investing in appreciating assets.
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 the “three-generation curse” is real. The problem isn’t the money—it’s the lack of systems.
Plazo insists, preservation requires tax-efficient vehicles and corporate shields. Without them, even millions vanish.
The Hidden Currency of Dynasties
Money alone is fragile. Values make it last.
Plazo reminds us, creating generational wealth means educating children in financial discipline. Without this, inheritances turn into squandered opportunities.
From One Lifetime to a Hundred Years
True wealth is engineered to last.
Joseph Plazo recommends codifying rules into family offices, trusts, and succession plans.
That way, the family brand outlasts any single leader.
Why This Matters Now
With markets shifting faster than ever, creating generational wealth is both a challenge and an opportunity.
In the words of Joseph Plazo, “Generational wealth isn’t about you—it’s about who comes after.”
And that’s the heart of it: creating not just money, but get more info meaning.