Trystan Trenberth talks with Guest Speaker B about why generational wealth falls apart. B's grandparents built it, their parents kept it, but B's generation lost it and had to start over. The conversation explores why wealth lasts longer in Europe than America, and how families might actually protect money across generations.
we were talking last, last episode with Devin. He said in Europe, generational wealth seems to be generational, but in America it seems to be two generations and then just disappears. Yeah, no, I think— I don't quite agree what the difference is, but how, how do you think that you can set them up? And there's obviously no way that we can, you know, force or create 100% guaranteed outcome, but our intent would be to provide something long-term for the family and future generations will never meet, you know, right?
No, I hear you. I mean, it's funny you say that. I mean, I experienced that, you know what I mean? You know, my, my grandparents grew up okay, but then they made a lot of money and they were wealthy. And then my parents were wealthy and then they lost it and, and then I had to rebuild, you know. So, yeah, there is this kind of hills and valleys and, you know, I'm guessing by your accent you've been to Europe before. Couple of times. Yeah. Yeah.
