The Risks of Generational Wealth | Wallstreet Trapper (Episode 35) Trappin Tuesday's
Trappin Tuesday's
Wallstreet Looks Like Us Now Network
4.9 • 2K Ratings
🗓️ 23 March 2023
⏱️ 130 minutes
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| 0:00.0 | Wall Street is poorly designed to help the everyday person that's going to work Bill Welk. |
| 0:09.0 | Wall Street is not constructed in the way to help non-millionaires become millionaires. |
| 0:15.2 | What happens is the everyday person doesn't have the million dollars to put in on Wall Street, |
| 0:19.6 | and so what happens is the Financial Advisor doesn't get the 10% which is $100,000 off your million dollars. |
| 0:25.7 | So when you go to that financial advisor on Wall Street with $100,000 with $50,000, with $25,000, he's looking at you laughing because it's a waste of his time. |
| 0:35.0 | But when we equip you with the knowledge to take your own financial future, to take control |
| 0:41.0 | of your financial future, to take control of your legacy, could take control of your legacy to take control of your investments |
| 0:45.2 | Why would you need them anyway? |
| 0:49.0 | What's good? What's good? What's good man? It's your boy the Wall Street Trapper. Welcome to another episode of Trap and Tooty y'all. |
| 0:58.0 | I love it man episode 35 man we tapped in before we get started man I want |
| 1:08.9 | y'all to want you to like it I want you to subscribe and I want you to share. |
| 1:16.0 | Today's episode is something I feel strongly about because something been on my mind. |
| 1:26.0 | And it's the risk of generational wealth. So when we say the risk of generational wealth, |
| 1:31.0 | I mean, when we look at the waltons we can say alright we |
| 1:38.2 | understood that Sam put some things in place to make sure every generation had a blueprint. But when we truly |
| 1:50.1 | look at the people who we are admiring, when we truly look at the people who we are are admiring, when we truly look at the people who we are saying |
| 1:55.0 | are wealthy or successful, I want to ask you a simple question. |
| 1:59.0 | Can we truly say that they're putting generational wealth in place? |
| 2:08.0 | So let me let's let's really dig deep into it for a moment. |
| 2:13.8 | So we know Hove is a billionaire. |
| 2:17.2 | But that's still the first generation. |
| 2:20.4 | We don't really know what Blue Ivy gonna do. We ain't seen her at the head of the ground. |
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