Podcast Episode #494: Discussing Wealth and Relationships with the Next Generation – David McAlvany
Episode #494: Dentist Freedom Blueprint Podcast
Discussing Wealth and Relationships with the Next Generation – David McAlvany
Real legacy is so much more than just the financial—it’s about passing down values, family identity, and hard-earned wisdom. Baby Boomers and the Silent Generation are expected to pass down a combined $84.4 trillion in assets to younger generations over the next 2 decades. Will the younger generations be ready to receive, maintain, and grow that wealth? This week, David McAlvany joins the show to share how you can successfully pass down that intangible wealth to the next generation.
As a leader of the McAlvany Group, David is an expert in precious metals and has a great amount of insight to share on not just passing on and managing wealth, but also the principles of creating wealth. (His weekly commentary is one of the few podcasts I religiously listen to when it releases.) Make sure to tune in today and hear some incredibly valuable lessons in generational wealth, vision, and legacy.
Minute Markers:
2:27 – David McAlvany’s experience in generational wealth and the difference between theory and practice.
3:54 – Doing life with other people and navigating both tangibles and intangibles.
5:28 – The importance of being curious and intentional about your growth and legacy.
6:49 – How to deal with the negativity in technology and culture that pulls the family apart.
14:18 – How to be intentional about creating family connection, communication, and growth.
25:12 – Redemption and the moment of truth that changed David’s relationship with his father.
27:48 – The healing process for relationships and how intentionality comes into play.
32:40 – How to navigate challenges and obstacles.
34:47 – The importance of investing in yourself.
36:38 – A cautionary tale of how simply receiving wealth can be debilitating.
Featured on the Show:
David McAlvany: Website | Twitter | Facebook | Podcast
The Intentional Legacy by David McAlvany
McAlvany Wealth Management
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P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
Alastair MacDonald is a private advisor to established entrepreneurs, investors, and business owners, as well as a TEDx speaker who lectures on economic, social, and financial forecasts. Join me today to hear part two of our conversation at the Freedom Founders Mastermind, where we dive into the concept of certainty, how to hedge against a volatile economy, and why the abdication model is no longer one that works.
Listen in to learn the reasons why Alastair is not worried about consumer price inflation (and what he’s really worried about instead) and why the 401(k) is not always the investment that it is made out to be. You’ll learn why he is most concerned about the issue of division and polarity in the Western world, why your business is your best asset in a volatile economy, and how you can maintain its viability to weather the most intense economic storm.
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