Dan Martell - May 21, 2024


I’m Rich, My Kids Are Not


Episode Stats


Length

30 seconds

Words per minute

211.15538

Word count

106

Sentence count

9


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Alex Formozzi is an Italian hedge fund manager, entrepreneur, and philanthropist. He has been described as the richest man in the world by Forbes Magazine, and one of the most influential people in the Italian political system. He is a father to seven children, and has been named one of Forbes 30 Under 30 Most Influential People in the World by Time Magazine.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 My son, Max, might have been seven.
00:00:01.920 And he goes, how much money do you have?
00:00:04.400 And I showed him.
00:00:05.740 As a seven-year-old, he goes, oh my gosh, you could buy a lot of Lamborghinis.
00:00:10.200 And I said, yes, Max, I'm rich.
00:00:12.720 You're not.
00:00:13.340 The most important thing I could ever do is not leave my kids money,
00:00:16.580 is teach my kids how to create their own money.
00:00:18.860 Alex Formozzi, he said, most people talk about generational wealth,
00:00:22.340 but the best way to transfer wealth is not with money, it's with education.
00:00:25.420 It's not about giving somebody money, it's about educating them.
00:00:28.940 That's wealth transfer.