By Dr. Jim Dahle, WCI Founder

Many of us became financially literate in our 20s, 30s, or even later. The combination of financial literacy and financial discipline is so rare that having both is like having a superpower in our society. We often wonder what our lives would have been like if we could have learned these principles even earlier. We also love our kids and want to help them to be more successful than we were and to ease their burdens somewhat without removing their struggle. Given our success, we also know that our kids are likely to inherit a substantial amount of wealth, and we want them to be prepared to use it wisely.

The persistence of generational wealth is depressingly low. Studies suggest that 70% of wealth is gone by the end of the second generation, and 90% of it is gone by the end of

Keep reading this article on The White Coat Investor.