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And besides, theyll look cooler than the old-money guy in his stalwart old Volvo.
Old money knows that preserving your wealth long-term means avoiding flashy purchases that dazzle the eye but deplete savings.
You dont have to come from legacy wealth to be a savvy spender.
Focus on quality purchases that will last for the long term.
You dont need a family lineage of financial wizards to learn about investing.
A solid foundation in financial literacy empowers each new generation to continually build and pass on the familys wealth.
However, many families with generational wealth seek to avoid just these kinds of shenanigans by creatingcomprehensive estate plans.
Consult with a trusted estate planner or financial advisor to draw up your own plans.
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