What is preventing you from creating generational wealth? I’m not talking about you making more money or hitting the jackpot – I’m talking about building serious wealth that will survive you when you’re gone.

As a coach to some of the top real estate agents in the world and a lifelong student of business mentored by some of its greatest minds, I’ve seen where true wealth begins. I’ve studied the successes, learned from all the failures, and I’ve found eight things that all wealthy people do, and all broke people don’t.

The fact is, creating generational wealth isn’t complicated – it isn’t easy, but it’s not complicated… And that’s why in this episode of the Tom Ferry Podcast Experience, I’m going to share with you the eight steps that I’ve learned which if followed precisely, are certain to transform your financial legacy. I’m covering:

  • Investment strategies
  • Cultivating the right identity
  • Finding your way into the right rooms
  • Financial management
  • And much, much more

If your goal is creating generational wealth which will contribute to every other aspect of your life and provide for your family generations down the line, this episode is for you.

In this episode, we discuss…

0:00 – Learning from mentors

4:20 – What the wealthiest people do

6:35 – The biggest thing stopping you

14:25 – Forming your plan

16:25 – Get obsessed

23:00 – Identity

27:55 – The people you surround yourself with

33:14 – Don’t chase fast money

43:00 – Unwillingness to sacrifice

50:30 – Asking for help

1:01:46 – The 18 Questions

1:08:42 – Being intimidated by wealth

1:12:18 – A 20-year financial plan