This culminated in writing two books, The Four Fundamentals of Family Prosperity, and its follow-up in 2022, Generational Wealth, which soared to a number-one finance bestseller on Amazon.

James McCarthy, an advisor with Nicola Wealth in Vancouver, suggests that generational wealth starts when an estate can comfortably provide at least $1.5 million per child, according to the ...

The key word in generational wealth is the first: generational. For that to happen, your children or other recipients have to pass it down to their children and so on.