The dream of leaving wealth behind is more than a fortune in real estate. It’s about passing on both values and capital. Joseph Plazo, a lawyer and wealth strategist, emphasizes that creating generational wealth is not an accident—it’s the result of discipline.
How Wealth Really Starts
You cannot preserve what you have not built. Joseph Plazo teaches diversifying income streams.
For example, Wealth began not from wages, but from ownership.
Protecting Wealth from Erosion
Wealth experts agree that most fortunes disappear within three generations. Why? Because heirs are often unprepared.
Joseph Plazo argues, preservation requires legal structures such as trusts and foundations. These tools protect wealth from lawsuits, taxes, and family disputes.
Passing on Values, Not Just Valuables
What separates the Vanderbilts from the Rothschilds? Not just numbers, but culture.
According to Joseph Plazo, creating generational wealth means embedding family values that prioritize stewardship over consumption. It is the secret ingredient in every dynasty.
Designing Wealth for Centuries
Generational wealth is not just cash—it’s continuity.
Plazo advocates automating investments, reinvesting dividends, and embedding governance structures into family constitutions.
That way, the family brand outlasts any single leader.
The Bigger Picture
In today’s uncertain economy, creating generational wealth is both a challenge and an opportunity.
In the words of Joseph Plazo, website “Generational wealth isn’t about you—it’s about who comes after.”
And that’s the heart of it: creating not just money, but meaning.