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 .

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.