WHEN INVESTING BECOMES A LIFESTYLE YOU WEAR IT!

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THE GREATEST WEALTH TRANSFER OR NOT?…

What good is building a legacy if the majority of family wealth does not survive beyond a couple of generations? Studies show that about 70% of wealthy families lose their wealth by the second generation, and around 90% by the third generation.

So, teaching the next generation to drive the car is equally as important, if not more so, than building the car, especially when we are about to experience what experts call the largest wealth transfer in history, often referred to as the “Great Wealth Transfer.”

Estimates suggest that between $100 trillion and $124 trillion in assets will move from older generations, primarily Baby Boomers and the Silent Generation, to younger heirs, spouses, and charities over the next two decades, with most of this transfer occurring by 2048.

A significant portion of this wealth—over $60 trillion—will come from the wealthiest 2% of households, and Millennials and Gen Xers are set to inherit the bulk, with Millennials expected to receive $46 trillion over the next 25 years.

The distribution of inherited wealth will be highly unequal—about 42% of the projected $84 trillion transfer will come from just the top 1% of families, leaving most millennials and Gen Zs with little to no inheritance.

Now, before you get too happy and spend all the money on your future wants, please know that only 30% to 40% of all households will receive an inheritance in their lifetime.

And if they seek a little granular detail by ethnicity, the percentage of people who receive an inheritance varies significantly:

• About 30% of White families have received an inheritance.

• Roughly 10% of Black families have received an inheritance.

• Around 7% of Hispanic families have received an inheritance.

• Approximately 18% of families from other racial groups have received an inheritance

According to the 2025 Trust & Will Estate Planning Report, 83% of Americans recognize the importance of estate planning, but only 31% have a will, and 55% have no estate plan at all.

But the biggest elephant in the room is whether you have planned to leave money behind or not. The fact is that the majority of Americans have no clue how to grow the money they will be left with.

Studies show nearly one in three Americans who inherit money lose it within two years. Additionally, about 60% of inherited fortunes do not survive the second generation, often due to a lack of financial literacy, poor planning, or mismanagement, which brings me to my point…

I live and breathe for my children, and I will be leaving them a legacy. I recognize the importance of teaching financial responsibility and education, and leaving not just instruction but instilling in them the habits that ensure wealth creation will continue after I am gone.

This is why I have written an instructional memoir and built the assets and lessons around the inheritance, along with some must-dos in order for my children to receive their inheritance.

Investing must be embedded into their daily lives, just as good hygiene is essential, or something as simple and necessary as tying their shoes. Simply telling them to do something without a plan to inspect what they are doing is not a plan, it’s a wish.

So, in my plan, they are taught the lesson—the lessons are inspected, and finally, in order for them to receive payouts from the trust, they have to demonstrate they are in compliance with the rules and steps in the trust, and this goes for each generation.

So, not only must they be investors on a basic level, they must have their own estate plan for the next generation with the exact instructions and walk-through, or they get absolutely nothing; the inheritance will go to the compliant.

How’s that for motivation?

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THE TALE OF TWO CHILDISH BILLIONAIRES: POWER VS WEALTH…

There is nothing worse than two entitled children having a childish spat over who said what first. The children I am referring to are obviously the most powerful man in the world, the president of the United States, Donald Trump, and the richest man on earth, Elon Musk.

It’s like watching the human version of darts, where each player uses their own social media platform to inflict as much damage as one inhumane post can possibly do. It just so happens that this is a spat between two of the most polarizing figures, taking place on both the international and domestic stages.

First, they were the best of powerful friends, two equally yoked billionaires with a plan to go to Washington to kick some political tail and trim some pork fat so the U.S. could function efficiently as a country.

It was a match made in heaven, arguably the smartest businessman in the world teaming up with the most powerful man in the world. Together, they had lofty goals, but somewhere along the line, something went dreadfully wrong.

Stones started flying through the windows of the glass White House. And a scathing social media post let the cat out of the bag, erasing the political bromance and highlighting the accident unfolding right before our very eyes.

First, Elon calls Trump a liar, and Trump threatens to take away billions in government contracts, which played out on social media as a game of who has more to lose. Elon was playing like he had nothing to lose, while Trump went from diplomat to vicious dictator.

And just when it couldn’t seem more out of control, the infamous Epstein files post insinuating President Trump's involvement, which some would consider to be an extreme character assassination attempt and a post too far to walk back.

And this all played out on center stage while the entire world was watching.

Politics in America has become a weekly episode of The National Enquirer, while domestic and world markets are caught in the middle, being held hostage to the egos of childish billionaire men.

And just to think…trade tensions with China were alleviated, and unemployment came in at 4.2% for the third consecutive month and the U.S. trade deficit was cut in half in April 2025 dropping from around $138–$140 billion in March to $61.6 billion in April, a decline of about 55%, which in an ordinary market would be received as pretty positive data points.

But we are far from a normal time, as crazy and polarizing are the new normal.

Being an investor these days means you must have a particular skill set in anticipation of sporadic shoes flying and the psychotic nature of temper tantrums between extremely grown men who happen to run the free world.

WHEN INVESTING BECOMES A LIFESTYLE YOU WEAR IT!

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Quick Links…

What Did Elon Say…

Trump Vs Elon…

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Kevin Davis Founder of Investment Dojo and Author of The C.R.E.A.M. Report