A Brief Article On The Financial Generational Curse

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The Financial Generational Curse By Dominique M Erie | Submitted On November 08, 2012 Recommend Article Article Comments Print Article Share this article on Facebook 2 Share this article on Twitter 2 Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest What comes to mind when you hear the words generational wealth? Do you think of the Kennedy 's, the Rockefeller 's, or perhaps the Hilton 's? Aren 't these families we 'd love to be a part of, yet somehow winning the largest mega million jackpot seems more likely. We think, "I 'd wish I had that kind of money, but that kind you are born into." If you were thinking along these lines, you would be right! Generational wealth is a system of financial planning that is structured to remain stable and trickle down through several generations, often increasing as it continues to move down (that sounds weird). It begins with the first generation (typically not wealthy) who creates the wealth, which in turn is put into a system (investments) where the wealth builds upon itself, increasing as time goes on also known as compounding interest (whew, that 's a lot to process). Okay, so you probably weren 't born into this scenario, and your thinking, what does this have to do with me? The reason for understanding the concept of generational wealth is to see that it is
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